Texas Bankruptcy Laws

30-Year Mortgage Rates Jump to 2-Year High (Louisiana Weekly)  WASHINGTON (AP) - Rates on 30-year mortgages jumped to the highest level in 2 1/2 years this week, driven higher by inflation worries in financial markets.read more...


Company honors mortgage consultant (The Bellingham Herald)  Dave Pearce has been named the Neighborhood Mortgage mortgage consultant of the third quarter by his company. Pearce has surpassed his previous sales goals and set a personal record, according


Gillard says mortgage stress is real (The West Australian)  Deputy Prime Minister Julia Gillard says mortgage stress is very real and everybody is worried about inflation. Ms Gillard said on Sunday there were many statistical measures of mortgage stress.read


Fitch Affirms $26.4MM & Downgrades $2.9MM from 2003 Terwin Mortgage Trust Subprime Transaction (Centre Daily Times)  Fitch has taken rating actions on the following Terwin Mortgage Trust asset-backed certificates:read more...


Citigroup to Buy Egg Banking for $1.13B   Citigroup Inc. said Monday it agreed to buy British insurer Prudential PLC's Egg Banking PLC online bank for 575 million pounds in cash.Commentread more...


James and Morris Carey: Fence posts died, but we saved the piers  Every time we do a home improvement project we learn something new. Recently, we found ourselves forced to rebuild a 35-year-old section of fence that was literally rotten to the

August 6th, 2008

Insurer AIG posts 2nd-quarter loss on mortgage, credit write-downs (USA Today)

American International Group, the world’s largest insurer, posted its third consecutive quarterly net loss, hurt again by the write-down of derivatives linked to bad mortgage investments.

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