Texas Bankruptcy Laws

This Is Not Your Father's Gas Crisis  A year ago, the doomsayers predicted an economic catastrophe if oil remained above $50 a barrel.read more...


Discrimination Suit Against Subprime Mortgage Lender Remanded to State Court (Law.com via Yahoo! Finance)   Subprime mortgage lender Option One Mortgage Corp. and former parent company H&R Block will face a groundbreaking discrimination case over its lending practices to blacks and Latinos in Massachusetts


Equity grab from reverse mortgage holds widow hostage (Seattle Times)  If you want to understand just how toxic a home mortgage can get, consider this real-life saga: Katherine Stephens is 94 and a widow, living...read more...


Avoid mortgage morass (Roanoke Times)   WASHINGTON -- African Americans are often the target of financial pitchmen trying to convince them they should never pay off their mortgages. Instead, the line goes,


Medical bills ruin credit ratings  Medical bills ruin credit ratings In a survey, 46 percent said they had medical debt; 27 percent said it affected their ability to buy a house.read more...


Mortgage Intelligence launches Scarborough product (Mortgage Introducer)  Mortgage Intelligence has launched a holiday buy-to-let product from Scarborough Building Society.read more...

August 20th, 2008

Dallas’ Lone Star Funds to buy IKB, German victim of US subprime mortgage crisis (Minneapolis-St. Paul Star Tribune)

FRANKFURT, Germany – German lender IKB Deutsche Industriebank AG, which has been badly hit by the U.S. subprime mortgage crisis, will be sold to U.S.-based private equity firm Lone Star Funds, the German company’s biggest shareholder said Thursday.

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