Mortgage Lender Faces Rush to Withdraw (NYTimes.com via Yahoo! Finance)
Depositors of IndyMac were rushing to withdraw cash on Tuesday after a prominent senator questioned the mortgage lender?s ability to survive the housing crisis.
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Local charity loses $48,498 in mortgage loan crisis (The Indianapolis Star) An Indianapolis charity that helps terminally ill children take family vacations, meet celebrities and go on shopping sprees has become a victim of the nation's subprime mortgage loan crisis.read more...
Swedish government to sell off stakes ... Sweden's government said Thursday it will sell off stakes in six companies including telecom TeliaSonera AB, Nordic banking group Nordea AB and stock market operator OMX AB.Commentread more...
Mortgage debt now close to ?86bn (Sunday Business Post) Mortgage borrowing surged by ?1.9 billion in August - the second-highest monthly level on record, the Central Bank said yesterday. The bank?s latest monthly figures showed the total level of
Kerry picks Ironworks site Another piece of the former Beloit Corporation complex is being refurbished to house corporate offices for a major Beloit-based company.read more...
Soft Landing Seen For U.S. Housing Market Washington - The high-flying housing market should make a safe landing by gradually losing altitude, the White House suggested Monday.read more...
2nd mortgage more elusive than the 1st (Colorado Springs Gazette) Think it?s tough to find a loan for a new house? Try getting a second mortgage on the house you already own. Such loans seem to be an endangered species,