KKR Financial Plunges on Mortgage Losses (Seeking Alpha via Yahoo! Finance) KKR Financial Holdings LLC, a unit of buyout giant Kohlberg Kravis Roberts & Co., said Wednesday it could lose over $200 million on leveraged investments in mortgage-backed securities, causing
Why the End of the Housing Boom May Not Be Such a Bad Thing The long-anticipated real-estate downturn has begun. The shift could welcome first-time buyers, make property attractive as an investment vehicle or for private use, and turn home-builder stocks into a good
Why Mortgage Life Insurance is Not a Good Idea (Lamar Daily News) (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds
Fitch Upgrades DLJ Mortgage Acceptance Corp. 1997-CF1 (Business Wire via Yahoo! Finance) DLJ Mortgage Acceptance Corp., commercial mortgage pass-through certificates, series 1997-CF1, are upgraded as follows by Fitch Ratings:read more...
Groups Assail Mayor's Use of Firm's Jet The head of the Mexican American Political Assn. on Tuesday called on Los Angeles Mayor Antonio Villaraigosa to drop support of an ambassadorship for an owner of Ameriquest and urged
A global malaise in 2006? The almighty US consumer had another banner year this year, helping sustain global economic growth, albeit at a slower pace than last year.read more...
IN APRIL OF 1959, when I bought my first 1, 000 white spruce seedlings from the New York State Conservation Department for $7.50 and planted them on roughly two acres of my parents’ small, rocky farm in upstate …
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