Made in China, felt in America
If you bought a television, some toys or even a house recently, you may want to write a thank-you note – to China.
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Crowded school, empty neighborhood are problems for one town Upgrading the schools here was supposed to make things better; but for now, the $82 million undertaking is making a mess.read more...
Lynnwood Financial being bought by Spokane's Sterling A Lynnwood savings bank and mortgage company that was part of not just one but two regional banking trends decided to join a third by agreeing to an acquisition by
Key US mortgage lender goes bust (BBC News) One of the largest mortgage lenders in the US, the California-based IndyMac Bank, collapses amid a growing credit crisis.read more...
Existing Home Sales Drop for 4th Month "Housing is contracting at an accelerating pace, taking out with a vengeance the brief stabilization at the turn of the year" Sales of existing homes fell for a fourth
Indy Man Is Third Person Charged In $4.2M Mortgage Fraud (WRTV Indianapolis) INDIANAPOLIS -- A man charged with lining up investors for what prosecutors say was a $4.2 million mortgage-fraud scheme has agreed to plead guilty, his attorney said.read more...
Lenders take beating in subprime fallout Mounting concerns on Wall Street that mortgage lenders might be hurt by increasing defaults and delinquencies sent investors fleeing Monday from some of the biggest names in the industry.Commentread more...