Hypo Borrowers Exhale
Among those breathing a hearty sigh of relief this week after the German government bailed out lender Hypo were developers Related and Metropole.
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Rating Woes After errant bankers and humbled insurers, the turn came on Thursday for ratings agency bosses to receive a verbal lashing from US lawmakers investigating the financial system meltdown.read more...
La. AG Investigating Slow Release of Insurance Money by Mortgage Company (Insurance Journal) The Louisiana attorney general's office is investigating a California-based mortgage company following complaints that the firm has taken too long to release insurance money meant for Louisiana residread more...
Purchasing Power, Taxes, and Wal-Mart In order to make meaningful comparisons of standards of living in different countries, economists typically adjust incomes for purchasing power.read more...
NATION'S HOUSING: Officials vow to streamline mortgage closings, trim fat (The Charlotte Observer) Is there any hope for simplifying the paper-laden, costly and often confusing American system of closing a home mortgage? Can anybody help straighten out the mess?via
How we saved 4,500 on home bills A couple revealed today how they saved an amazing 4,500 a year on household bills by simply shopping around for the best deals.read more...
Treasuries Rise as UBS Writedown Stokes Mortgage-Loss Concern (Bloomberg.com) Dec. 10 (Bloomberg) -- Treasury notes rose, snapping four days of losses, after UBS AG said it will write down an additional $10 billion tied to U.S. mortgage investments, spurring