Ground broken for Habitat home
Financial Stocks: Insurers slump on concern about commercial mortgage exposure (Market Watch) Shares of the some of the nation's top life insurers post losses again, including a 29% drop in Hartford Financial, on concerns about their exposure to commercial mortgage-backed securities.
3 charged in mortgage scam called 'economic parasites' (The Palm Beach Post) In a wide-ranging mortgage scam, two real estate investors and a mortgage broker used inflated appraisals, straw borrowers and phony loan applications to fleece big-name lenders of millions, federal prosecutors
Deutsche Bank CEO see signs markets are stabilizing "Despite an environment of higher spreads and a focus on the short end, availability of funding has not been a problem for Deutsche Bank in recent weeks" The chief
December home builder sentiment holds at record low "Builders continue to look for signs of improvement in the ongoing mortgage market crisis that is weighing on housing and the overall economy" Home builder sentiment held at a
Bear fund collapse raises mortgage questions (MSNBC) Two Bear Stearns Cos. hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down as a rescue plan is falling apart, The
Sonnenblick-Eichner Company Arranges $67 Million of First Mortgage Financing for Charleston Place, Charleston, South (Market Wire via Yahoo! Finance) Sonnenblick-Eichner Company announced today that it has arranged $67,000,000 of first mortgage financing for Charleston Place, Charleston, South Carolina at a sub 100 basis point spread over LIBOR.read more...