Types Of Bankruptcy

New York Mortgage Trust Declares Third Quarter 2005 Common Stock Dividend (PR Newswire via Yahoo! Finance)   New York Mortgage Trust, Inc. , announced today that its Board of Directors has declared a cash dividend of $0.21 per share on shares of its common stock for


Selling Your Home: The Power of a Flyer Box and Flyers   Selling Your Home: The Power of a Flyer Box and Flyers So you want to sell your home, but you don't really know how to go about it. via


A New Phase in the Dollar's Decline  The dollar is falling and doing so at a quickening pace. It's falling against the euro, the Japanese yen, the Swiss franc, the British pound and even the Brazilian real.">


Government Crackdown on Mortgage Fraud (NYTimes.com via Yahoo! Finance)   More than 400 real estate industry players have been indicted since March, including dozens over the last two days, in a Justice Department crackdown on incidents of mortgage fraud


Interest-only loans run rampant in San Francisco area housing market  SAN FRANCISCO - The San Francisco Bay area's sizzling housing market is being fueled by an increasing reliance on mortgages that require interest-only payments - a risky strategy that could


$45 million more going to Met Mortgage investors (The Spokesman-Review)  About $45 million is set to be distributed to investors of Metropolitan Mortgage and Securities Inc. at the end of next week. It will be second repayment following the bankruptcy

June 30th, 2005

Record ‘05 housing prices expected

Economists have been predicting the end of California’s housing boom for months, but the California Association of Realtors said this week that prices – and sales – will reach record levels in the second half …

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June 30th, 2005

Fed Signals Hikes Will Continue

The Federal Reserve pulled no punches Thursday in its fight against inflation, boosting its benchmark short-term interest rate by a quarter point and signaling that it had no plans to stop the increases anytime …

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June 30th, 2005

Glued to the economy

Fill out one simple form and receive up to 4 refinance offers within minutes from top-rated lenders.

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June 30th, 2005

Group faces fraud lawsuit (Reg Req’d)

A group of appraisers, speculators, front men and “mortgage hustlers” perpetrated a “massive scheme of fraudulent real estate transactions,” a major lender charged in a racketeering lawsuit Tuesday.

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June 30th, 2005

Fed raises interest rate by quarter-point (Reg Req’d)

The Bank of Japan’s “tankan” survey Friday showed a broad improvement in corporate sentiment, underscoring hopes for continued recovery.

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June 30th, 2005

Fed Raises Interest Rate by Quarter-Point

Despite high energy prices, economic activity is still sturdy, Federal Reserve policymakers say, signaling they will keep boosting interest rates higher this year to keep inflation under control.

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June 30th, 2005

Man sentenced to 20 years for fraud

He previously pleaded guilty to conspiracy to commit racketeering and has been held in the Bibb County jail since May 23.

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June 30th, 2005

Business Notes

The Federal Reserve, keeping a watchful eye on the effect of surging oil prices, raised a key interest rate by another quarter-point yesterday.

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June 30th, 2005

Reichmann defends $2B deal for real estate empire

Philip Reichmann has defended the price he negotiated for his company’s portfolio of downtown office towers, saying it’s just a matter of time until the commercial real estate market loses its momentum.

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June 30th, 2005

Marion police warn of two scams targeting locals

The Marion Police Department would like to make citizens aware of two local scams that are occurring in the Marion area.

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