AP - Former Kentucky basketball player Dirk Minniefield has been charged in an alleged $10 million mortgage scheme in the Houston area.
Article Source
Former Kentucky basketball player Dirk Minniefield accused of mortgage fraud
December 16th, 2008 · Permalink
Beazer loss widens on housing market deterioration
December 3rd, 2008 · Permalink
Reuters - Beazer Homes USA posted a wider quarterly loss on Tuesday, citing a further deterioration of the U.S. housing market due to lower consumer confidence levels and reduced access to mortgage financing.
Article Source
Russia to buy out mortgages from banks
December 3rd, 2008 · Permalink
AP - Russia’s government pledged a mortgage buyout Wednesday and announced more aid for major airlines and other companies beyond an existing $200 billion financial rescue package, Russian news agencies reported.
Article Source
Crisis halves the housing market: Home sales and loans for mortgages slashed (Evening Standard)
April 24th, 2008 · Permalink
The housing market has halved in a year, according to a series of reports.
It emerged yesterday that house sales through estate agents are down 50 per cent and the number of Britons taking out a mortgage has collapsed by 46 per cent.
The National Association of Estate Agents said its firms sold an average of seven […]
Bank of America may face $6.5 billion loan loss: analyst
March 24th, 2008 · Permalink
NEW YORK (Reuters) - Bank of America Corp (BAC.N), the largest U.S. retail bank, may set aside a record $6.5 billion in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, according to a banking analyst.
Richard Bove of Punk Ziegel & Co also slashed his earnings […]
Investor: Clean Tech Is Collapsing Economy’s Only Hope - Wired News
March 17th, 2008 · Permalink
Wired News
As the mortgage and financial crisis continues to notch more victims, the question on many economists’ minds is not whether a recession will happen, but how deep it will get and how long it will last. But one prominent voice thinks the high-flying finance industry isn’t going to bounce back — and that we’ll […]
Citigroup at 9-year low on capital, write-down worries
March 4th, 2008 · Permalink
Reuters - Citigroup Inc shares sank to their lowest level in more than nine years on Tuesday after a prominent Middle East investor said the largest U.S. bank needs to raise more capital and an analyst projected a $15 billion mortgage write-down.
Article Source
US home foreclosures soar in January
February 26th, 2008 · Permalink
AP - The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn’t unload at auctions, a mortgage research firm said Monday.
Article Source
