Texas Bankruptcy Laws

Horton 3Q sales orders plunge 40 percent  "It's going to be another year-and-a-half before we see stability or growth" The traditional spring home-selling season was a bust for D.R. Horton Inc., one of the biggest nationwide


February existing home sales rise  "Falling prices increase affordability but at the same time there is a psychological element of buyers who are sitting on the fence while prices drop" WASHINGTON (Reuters) - The


Adjustable Rate Worries Mortgage Holders   The future is gnawing at homeowner Scott Klimek. Will the interest rate on his adjustable-rate mortgage go up? Will he be able to afford the monthly payments if it does?


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Bob Bruss: Active military duty blocks mortgage lender from foreclosing (San Antonio Express-News)  A mortgage lender cannot foreclose if the borrower is on active military duty. The homeowner should consult her unit's legal officer for assistance.read more...


Area home builders begin to feel impact of Katrina (Reg Req'd)  Aweek after Hurricane Katrina ravaged the Gulf Coast, Birmingham area home builders began feeling the impact.read more...

July 31st, 2008

Going Green a Growing Trend With Homeowners

July 31st, 2008

Banks, Wall Street Firms Step Up Fed Reserve Borrowing

Banks and Wall Street firms stepped up their borrowing over the past week from the Federal Reserve’s emergency lending program.



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July 31st, 2008

State’s U.S. Attorneys: Mortgage fraud top priority (Houston Chronicle)

The government’s prosecution of mortgage fraud should keep defense attorneys busy for years to come, the state’s four U.S. Attorneys said today.

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July 31st, 2008

Hedge funds getting into the mortgage business (Austin American-Statesman)

Guess who holds your mortgage now? It’s your friendly neighborhood hedge fund.

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July 31st, 2008

Mirvac Freezes Mortgage Funds on $227 Million Impaired Loans (Bloomberg.com)

Aug. 1 (Bloomberg)—Mirvac Group , an Australian real estate investment trust, stopped redemptions for three mortgage funds holding more than A$243 million ($227 million), as investors seek to pull out of property assets amid the global credit crisis.

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July 31st, 2008

Mortgage fraud in cross hairs of U.S. attorneys (Houston Chronicle)

Prosecuting mortgage fraud is their top priority, and it could keep defense attorneys busy for years to come, the four U.S. attorneys who preside in Texas told a Houston audience Thursday.

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July 31st, 2008

Construction spending falls 0.4 percent in June

Construction spending fell for the 11th time in the past 13 months in June as continued steep declines in housing activity offset strength in nonresidential building activity.The Commerce Department reported …



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July 31st, 2008

Rising US Jobless Rate May Drag Prime Mortgage Borrowers Down (Nasdaq)

NEW YORK -(Dow Jones)- The persistent rise in the U.S. unemployment rate is deepening concern that more homeowners will fall behind on their mortgage payments.

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July 31st, 2008

State pulls plug on mortgage firm (BizJournals)

The Massachusetts Division of Banks filed a temporary cease and desist order against a mortgage broker with two local offices, preventing the operation from originating any more loans.

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July 31st, 2008

Fitch Rates Alaska HFC $81MM Home Mortgage Revs ‘AA+’ (Centre Daily Times)

Fitch assigns a rating of ‘AA+’ to Alaska Housing Finance Corp.’s (AHFC) $80.9 million home mortgage revenue bonds, 2008 series B. The bonds are expected to be sold during the week of Aug 4th as a negotiated transaction. Additionally, Fitch affirms the ‘AA+’ rating on the outstanding $810.1 million 2008 Series A, 2007 series A-D, 2006 series A-C and 2002 series A bonds.

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