Mortgage and Financial News From 2008-6-3 Page 5
Previous Day: 2008-06-02
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ARCHIVE SEARCH (East Bay Express)
Marcos Mariscal's house was torn down to the studs when he got the letter. The 44-year-old postman was in the middle of an extensive remodel of his two-bedroom, one-bathroom house in Palo Alto earlier this year.
2008-06-03 06:40:27 -
ARCHIVE SEARCH (East Bay Express)
Teens copulate on a trampoline, glove compartments get rifled, and doorstep mayhem abounds. There's nothing cheap about getting shot. Just ask the people who see the carnage at Highland Hospital's trauma center.
2008-06-03 06:41:26 -
Park family wins $1.25 million home Krulicki family moves up from ‘ordinary joe’ lifestyle to winning the lottery and ... (Sherwood Park News)
It started out as a normal day for Lisa Krulicki. There was the usual rushing around, heading off to work and racing home to get supper ready and spend time with her two kids.
2008-06-03 06:42:14 -
Slow home sales? Buy one, get one free in San Diego (China Daily)
San Diego - As though Southern California's fine weather and beaches weren't attractive enough, a San Diego developer desperate to clear inventory is offering potential home buyers a buy-one-get-one-free scheme.
2008-06-03 06:58:24 -
Lehman Denies Fed Borrowing, Says Cash Holdings Rose (Update2) - Bloomberg
June 3 (Bloomberg) -- Lehman Brothers Holdings Inc. denied borrowing from the Federal Reserve today and said the firm's cash holdings have increased, as the shares dropped to the lowest level in five years. Lehman, the fourth-largest U.S. securities ...
2008-06-03 01:40:00 -
Bradford & Bingley: The mill town mortgage lender - Daily Telegraph
Bradford & Bingley was first set up to lend money to people in northern mill towns in the mid nineteenth century. Its first mortgage customer was John Abbey in 1851. The company in its current form was actually created in 1964 from a merger between ...
2008-06-02 04:08:00 -
New Scots home loans fall 20% in first quarter - Scotsman
SCOTLAND has seen a 20 per cent slump in the number of new home loans, according to the first in-depth report from the Council of Mortgage Lenders on the housing market north of the Border. The CML said there were 16,000 loans for house purchase ...
2008-06-03 03:56:00 -
ResCap Default Swaps Rise on Cerberus, GMAC Infusion (Update1) - Bloomberg
June 3 (Bloomberg) -- The cost to protect against a Residential Capital LLC debt default rose after Cerberus Capital Management LP and GMAC LLC said they would prop up the distressed mortgage lender because previous rescue plans failed. GMAC, the ...
2008-06-03 01:04:00 -
Foreclosure Prevention Phoneathon On Wednesday (The Kentucky Post)
John Wieman, of Bridgetown, has three words for anybody that faces home foreclosure – "Ask For Help." He did. And with the help of the Home Ownership Center of Greater Cincinnati, he's still in living on Greenacres Court.
2008-06-03 04:45:30 -
ResCap needs $2 billion to stay in business (Wisconsin State Journal)
NEW YORK — Residential Capital, the mortgage lending unit of GMAC, said Tuesday it needs more than three times more cash to stay in business than it estimated just weeks ago. ResCap estimates it now needs about $2 billion in cash by the end of June to meet liquidity demands, according to a regulatory filing with the Securities and Exchange Commission. It previously estimated it needed just $600 ...
2008-06-03 05:01:04 -
Shea at Del Sur (San Diego Daily Transcript via Yahoo! News)
Shea Homes reports construction under way on the second phase of homes at Mandolin at Del Sur.
2008-06-03 05:04:42 -
Foreclosure Prevention Phoneathon On Wednesday (WCPO Cincinnati)
Confidential help available at 1-877-7BUZZUS.
2008-06-03 05:21:02 -
Reuters Business Summary (Reuters via Yahoo! Philippines News)
Auto sales plunge, drag market down in May
2008-06-03 05:24:23 -
In wake of home crisis: buyer education (Washington Post)
MEMPHIS (Reuters) - Concerned by foreclosures but keen to take advantage of sliding home prices, a growing number of prospective buyers in the United States are signing up for a different kind of class: home-buyer education.
2008-06-03 05:35:48 -
Wachovia Forces Out Its Chief (NYTimes.com via Yahoo! Finance)
The ouster of G. Kennedy Thompson as chief executive, announced Monday morning, leaves the Charlotte, N.C.-based bank confronting an uncertain future.
2008-06-03 05:36:49