US mortgage woes 'top forecasts' (BBC News) US sub-prime mortgage losses exceed "the most pessimistic estimates", the Federal Reserve's Ben Bernanke says.read more...
Shares of Subprime Mortgage REITs Slide (AP via Yahoo! Finance) Shares of New Century Financial Corp. and Impac Mortgage Holdings Inc. traded lower Thursday afternoon, after UBS warned the real estate investment trusts face a credit downturn due to
Banks 'exposed' over lax loans THE nation's banking regulator has warned home lenders that their cutting corners on property valuations could expose them to unacceptable levels of bad debt in a major downturn.via
Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update2) (Bloomberg.com) Oct. 19 (Bloomberg) -- Wachovia Corp., the bank that's spending more on acquisitions than its biggest competitors, reported earnings that missed analyst estimates after $1.3 billion in writedowns for mortgage-backed
More Homeowners Go Green With Eco-Friendly Paints Consumers are giving a new look to products that promise fewer fumes and toxins or have been made from recycled goods. Manufacturers say the latest formulas are more attractive and
EU Investment Bank Agrees to Serbia Loan Associated Press EU Investment Bank Agrees to Serbia Loan 05.21.2005, 12:48 PM The European Investment Bank will loan Serbia up to euro251 million to build schools and upgrade transportation systems
Architects will be able to sign building permits for “simple” projects of up to 7,000 square meters or 27 meters high , according to an amendment to the Planning and Construction Law recently approved by the …
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