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Archive for October, 2009


Mortgage modifications” are becoming more common, and more lenient – St. Louis Post-Dispatch

Mortgage modifications” are becoming more common, and more lenient
St. Louis Post-Dispatch
Subprime borrowers generally had jobs; their problem was that they couldn’t afford higher payments when their interest rates reset.

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Nine banks in major holding company fail

Nine subsidiaries of FBOP Corp., a multistate holding company that included California National Bank of Los Angeles, succumbed Friday to the nationwide banking crisis, bringing to 115 the number of banks closed by regulators so far this year.

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Apartment Investment and Management Co. Q3 2009 Earnings Call Transcript – Seeking Alpha (blog)

Apartment Investment and Management Co. Q3 2009 Earnings Call Transcript
Seeking Alpha (blog)
Third, interest rates are expected by many to remain low while the economy is weak. We plan to use the next several months to pre-fund 2012 to 2014 property

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The holdout: Alone in an abandoned car plant

Most people assume the Packard Plant in Detroit is vacant. It’s an industrial ruin where the last car was manufactured 53 years ago.

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Dollar firms as stocks tumble

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