Archive for August, 2008

Some worthy buyers now frustrated by tighter lending

Thanks to the housing slump, professional couple Gladys and Raul Castillo finally found homes they could afford — new condo units in foreclosure within walking and biking distance of their jobs in Miami’s Brickell financial district. (2 mins ago)

eMyproperty’s Bab Al Badr experiences sales boost due to flexible in payment plan

EMyproperty Development, the leading provider of high-quality real estate solutions with its online existence, interpreted that it is due to the flexibility in payment plan and offering of direct financing they experienced sales boost from Bab Al Badr. (23 mins ago)

Money Makeover: A single mom’s balancing act

When you’re the single parent of an only child, you want only the best possible life for your kid. That’s how Jacqui Sentmanat feels. But it’s an expensive proposition. (6 mins ago)

Thrifts lose on bad mortgage loans

WASHINGTON – Savings and loan associations lost a combined $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans, the government reported yesterday. (13 mins ago)

117 banks in trouble, FDIC says

List likely to grow as credit woes worsen; most should survive (2 mins ago)

Home sales show rise in July

Sales of existing homes rose in July, surpassing expectations, as buyers snapped up deeply discounted properties in parts of the country hit hardest by the housing bust. (30 mins ago)

Court orders developer to pay bank $1M

An Ellicott City real estate developer has defaulted on a $2 million loan from Bradford Bank, the latest in a string of loans doled out by the Baltimore bank that went unpaid. (17 mins ago)

PhillyDeals: Fed Reserve can’t always control financial policy

Anyone who’s still under the Greenspan-era Wall Street illusion that the Federal Reserve runs this country should look at what happened when Fed Chairman Ben Bernanke tried to brush off a Pennsylvania congressman earlier this year. (13 mins ago)

US regulators shut Columbian Bank in Kansas

WASHINGTON – Federal regulators on Friday shut down Columbian Bank and Trust Co. in Kansas, which was struggling with losses on soured real estate loans. It was the ninth failure this year of a federally insured bank. (2 mins ago)

Rep. Murphy again trumpets area business

TORRINGTON – U.S. Rep. Chris Murphy, D-5, was back in the city Thursday morning to talk with area businessmen and women at the Northwest Connecticut Chamber of Commerce. “This is starting to feel like home,” Murphy said about his frequent visits to the city. “You not only have great chamber leadership here, but a lot of great elected officials.” (30 mins ago)