Limits are raised on ‘quick fix’ loans for would-be buyers
WASHINGTON – Attention would-be buyers who have taken a pass on otherwise solid houses because they didn't want to deal with replacing worn-out appliances, leaky windows or squeaky floors: Uncle Sam has a deal for you.
Domestic sectors lead rally in Tokyo shares
Japanese stocks rallied on Tuesday with a strong rebound in domestically-focused shares. The Nikkei 225 rose 1.9 per cent to close at 15,648.89, with the Topix up 1.5 per cent to 1,612.43.
3m forecasts 8-12% earnings growth
3M, the diversified US manufacturing group, on Tuesday provided 2006 earnings guidance in line with analysts forecasts despite an economic slowdown that prompted rivals Tyco and DuPont issue recent profit warnings.
O2 reveals record figures ahead of merger
O2, the UK mobile phone operator, revealed sharply higher third-quarter customer growth ahead of its merger with Spains Telef nica, although average revenue per user slipped as the company offered incentives to retain customers.
Shares leap as Empire recovers from bad hand
Shares in Empire Online jumped almost 15 per cent on Tuesday after the British internet poker company under pressure from PartyGaming, its larger rival, said it was confident of reaching its full year pre-tax profit forecast of $37m from its own gaming platforms.
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Couple Sue Agency Over Home Sale - Los Angeles Times
Couple Sue Agency Over Home SaleLos Angeles Times, CA - Jan 27, 2006… In their case, that meant paying the CRA $110,000 on a $45,600 second mortgage. They sued the agency after it rejected a proposed settlement. …
Mortgage Foreclosures - Lakeland Ledger
Mortgage ForeclosuresLakeland Ledger, FL - 8 hours ago… by Parkway Mortgage Co. Inc., a Florida corporation. (05-5611). Jessop, Eric Allen, a/k/a Eric A. Jessop, et al., Lot 11, Block 8, Tranquility Park Second Replat …
Cerberus, Citigroup among bidders for GMAC: sources - Brocktown News
Cerberus, Citigroup among bidders for GMAC: sourcesBrocktown News, USA - 1 hour agoA second te - ), the No. … GM also has said it may consider strategic alternatives for GMAC s mortgage operation, ResCap, which analysts see as the crown jewel …
Banks drive FTSE 100 to second day of gains (Reuters via Yahoo! Asia News)
LONDON,, Jan 26 (Reuters) - Britain’s biggest shares pushed higher for a second straight session on Thursday, bolstered largely by banks on hopes for a strong earnings season from the sector and broker upgrades for mortgage lender Northern Rock .
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London tracks Street lower
London markets rebounded from the steep early losses in morning trade on Monday as investors used the initial falls as an opportunity to buy.
Tokyo shares follow Wall Street lower
Japanese stocks fell sharply in morning trading following the biggest fall in US stocks in nearly three years on Friday.
Equities / Europe Print article | Email article
European stocks clawed back a little of their losses as the price of a barrel of crude oil eased having breached $69 a barrel. Wall Streets worst one day fall in almost three years weighed.
&J says earnings growth set to slow to 8%
Johnson & Johnson on Tuesday showed why it has fought so hard to buy Guidant as it revealed that its earnings growth could slow this year to 8 per cent from 13 per cent last year.
Engelhard for sale as board rejects BASF bid
Engelhard, the US manufacturer of catalysts and pigments, on Monday put itself up for sale as its board rejected an all-cash takeover offer worth $4.9bn from BASF, the much larger German chemicals group.
Supervalu set to become number-two US grocer
Supervalu, a discount food retailer and wholesaler, is on track to replace Albertsons as the second-largest supermarket group in the US, after Albertsons said on Monday it had accepted a $17.4bn buy-out bid from a consortium of retailers and financial buyers.
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Real Estate Home Mortgages: second mortgage
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Notes, quotes from a crazy week in sports
Lufkin Daily News - Whew. Still trying to catch my breath after Friday night’s Lufkin Panther/The Woodlands game. Sat through the entire five quarters the game went overtime and I don’t think I took a breath until sometime late Saturday. What a great time. And
If I Were NASCAR ~ My New Years Resolutions
Insider Racing News - I watched a truly inspiring event on television Monday, January 2, 2006. Though held each and every year, the Tournament of Roses Parade has become, like many events, commonplace. This year was far from commonplace. Having grown up in southern
What a dive
SignOn San Diego - It’s Christmas every day of the year at downtown’s Star Bar. Photo: Rich Cook for SignOnSanDiego. The consummate barfly and poet Charles Bukowski put it perhaps most plainly: “We are here to drink beer.” For those of us who read these words as an
Plea deal reached in mansion probe
Tri-City Herald - Two former owners of Pasco’s historic Moore Mansion pleaded guilty Wednesday to federal charges of conspiracy in an agreement that requires them to cooperate with prosecutors in a continuing arson and fraud investigation. Plea agreement documents
The Future of Telematics: It’s Entertaining
ABC News - LAS VEGAS Automakers and their traditional suppliers are in danger of losing business to upstarts from the consumer electronics and PC industries if they don’t bring exciting entertainment, navigation, and communications products to market faster
CD-ROM business becomes one-stop direct marketing shop
Worthington Daily Globe - WHITE BEAR LAKE, Minn. Imagine you bake bread for a living. You think your bread is better than other people’s bread, but face it, the other bakers think the same thing, and one loaf of bread looks pretty much like another loaf of bread straight out
Making sense of mortgages
Poughkeepsie Journal, NY - Jan 1, 2006… Eventually, the Peetes will refinance the deal to eliminate the second mortgage. “Now I actually understand what I’m doing,” Morton Peete said. …
OUR VIEW: Rocky seas at Cohasset Yacht Club
The Patriot Ledger, MA - Jan 9, 2006… The agreement includes a second mortgage on a Crocker home in Florida. The letter in no way clarifies why law enforcement was not called in. …
MGIC Investment Corporation Fourth Quarter Net Income of $128.1 …
Finanzen.net, Germany - Jan 12, 2006… structuring mortgage originations to avoid private mortgage insurance, such as a first mortgage with an 80% loan-to-value ratio and a second mortgage with a 10 …
Embezzler receives sentence, ordered to pay restitution
Helena Independent Record, MT - Jan 20, 2006… She s gone to considerable lengths to right this wrong, Hull said, adding that Horne went so far as to get a second mortgage on her home in order to …
MGIC shows quarterly downturn
Milwaukee Journal Sentinel (subscription), WI - Jan 12, 2006… in “piggyback loans,” which enable borrowers with meager down payments to avoid mortgage insurance by simultaneously taking out both a first and second mortgage …
On her own
Providence Journal (subscription), RI - 9 hours ago… police report of Lewis Barker’s statement detailed a variety of payments made with Demers’ checks: $1,500 to make a payment on a second mortgage on the Barkers …
The party that called you has changed his mind
Chicago Tribune - My cell phone is not my friend. I realize this puts me firmly in the minority. Let me get this out of the way: A cell phone is a great tool. There, I’ve said it. Of course, so is a rechargeable power drill, yet I don’t walk around with one of them
Small raw milk dairies fear cost of licensing
Olympian - On the Kozak farm, it only takes a few minutes for milk to get from Iris the cow s udder to the bottles that will be picked up by her co-owners. For the farmers and the milk drinkers, the arrangement is perfectly simple everyone knows where the
Looking back, things looking up
Kansas City Star - Trying to build a financial safety net? Use paper, not plastic. It may be more difficult, but it works better in the long run. That s one conclusion that can be drawn from the experiences of three families that participated in The Kansas City Star
My Turn: Vermont must try new ideas to create housing
Burlington Free Press - It’s great that Gov. Jim Douglas, after three years in office, has finally recognized there is a housing crisis affecting all Vermo The administration raises some promising concepts, while failing to address Vermont’s most acute problems. For example
Steve Stephens commentary: Sunshine state’s abundant charms convert
Columbus Dispatch - Florida is a fantastic vacation destination. From Amelia Island to Key West, Pensacola to the Everglades, few states can claim the kind of sun and surf, history and hospitality offered by the Sunshine State. But until about three years ago, I had
Real Estate
Washington Post - Welcome to Real Estate Live, an online discussion of the Washington area housing market featuring Post Real Estate editor Maryann Haggerty . Maryann’s been with The Post for 18 years and has served as real estate editor for the last five years. She’s
