Renting a house Hello Mr & Mrs. Russell, I hope you had a Happy Holiday, I received your application and deposit.read more...
Under the Radar: Will regulators sweep the legs out from option ARMs? As interest rates continue to rise, lenders have increased their offerings of a myriad of hybrid adjustable-rate and interest-only mortgage products.read more...
Who's The Next Mortgage Target? (Forbes) Now that Golden West's been gobbled by Wachovia, some competitors are in the cross-hairs.read more...
CHICAGO (AP) , United Airlines' mechanics union ratified a five-year... United Airlines' mechanics union ratified a five-year contract Tuesday, removing one strike threat from the carrier as another labor group negotiated down to the deadline.via
King County takes big loss on mortgage investments (The Oregonian) The King County Investment Pool says it will get back only $62 million of the $100 million it put into two mortgage-backed investments that defaulted.read more...
Sunset Vista Has Big Homes for Big Families via
America’s banks and brokerages are scrambling to raise badly needed cash, but it may be at the expense of shareholders.
Since the subprime mortgage market imploded, financial companies caught in the fallout have been raising capital in two major ways _ cutting dividends and issuing more shares. Both methods erode shareholder value; analysts believe the industry is poised for more.
‘The market is now seeing a substantial increase in financial companies issuing common and convertible instruments in an effort to shore up liquidity,’ said Standard & Poor’s senior index analyst Howard Silverblatt. ‘The additional financing gives them immediate breathing room, with the payback being longer term dilution.’
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