IAC to take $170 million charge for mortgage, real estate units (CNET) Internet giant says it will write down charges related to its mortgage and real estate businesses because of the housing crisis.read more...
American Bank suing Centennial Mortgage, executives for fraud (BizJournals) American Bank of St. Paul is suing Centennial Mortgage and Funding Inc. and six members of its senior management for fraud associated with a $13 million loan that caused the
Debt buries mortgage lender (Seattle Times) In April, as he shut down the 300-employee mortgage business he'd built from scratch, Layne Sapp said he hoped to find a buyer who would...read more...
Area avoids bubble trouble While the buzz about a nationwide housing shakeout grows, Dallas and Fort Worth are near the bottom of the list of cities at risk of a price meltdown.read more...
Citigroup's 2Q Profit Rises 18 Percent Citigroup Inc. said Friday its second-quarter profit rose 18 percent on strong overseas operations that led to record revenue for the biggest U.S. bank.Rival Wachovia Corp. also posted a
Reports predict job growth in valley A report being released today predicts robust job growth in Silicon Valley and the wider Bay Area economy over the next 10 years.Commentread more...
More American homeowners are seeking out buyers from other countries. And foreigners are eager for deals.
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