Texas Bankruptcy Laws

Mortgage lenders, homebuilders limit London advance (Market Watch)  Losses from mortgage lenders and homebuilders kept London shares in check on Wednesday, as a move by a unit of HSBC Holdings to suspend mortgage lending and HBOS reporting falling


Fannie Mae Profit Falls as Mortgage Defaults Fuel Credit Losses (Bloomberg.com)  Nov. 9 (Bloomberg) -- Fannie Mae, the biggest source of money for U.S. home loans, said profit in the first nine months of the year fell 57 percent as mortgage


Drawing the line on eminent domain  Jim Seelbach, 83, lives in a suburb of St. Louis and he is about to lose his home of 20 years.read more...


If the people suffer, so should the titans  Sun, Nov 16, 2008 We did everything right. "They" told me to contribute to a retirement plan and meet with "financial advisers" to get the most value from my funds.read


Buyers' Dollars Are Going Further   The slowest real estate market in years appears to be translating to nicer houses for Washington area buyers. read more...


Housing market 'heads for revival'  The housing market is heading for a modest autumn revival as fears that prices will fall substantially recede.read more...

August 6th, 2008

Insurer AIG posts large loss on bad mortgage bets (Washington Post)

NEW YORK (Reuters) – American International Group Inc (AIG.N) posted its third consecutive quarterly net loss of more than $5 billion on Wednesday as it wrote down bad mortgage-related investments, sending its shares down almost 8 percent.

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