Ben Jones @ The Housing Bubble Blog is getting alot of attention today. His recent post gathers news media reports from around the country addressing the pending Housing disaster heading our way. From those attempting only a few months ago to shake off the warning signs as over-cautious, too many that are finally coming too...Read More
Bankrupt Lenders as of August 20, 2007§ Aegis Mortgage § American Home Mortgage § Investment Corp. § Homebanc Mortgage Corp. § Mortgage Lenders Network, U.S.A. § New Century Mortgage Corp. § Resmae Mortgage Corp. § Ownit Mortgage Corp § People’s Choice Home Loans ===================================================== Report Says Countrywide Has Begun Undisclosed Number of Layoffs Monday August...Read More
RIP As pointed out in this post, yet another million-dollar real estate concept has bitten the dust in Central Florida. This time it’s the condo-tel. Que? Let me explain — the idea is both simple and (if you ask me) makes perfect sense. It springs from the same well as the idea of conventional condo’s;...Read More
The increasingly ominous financial cloud looming over the housing market does not leave us feeling that working will make us secure. As pointed out by Michael Vizard, Channel Insider, tight credit means smaller budgets and fewer mergers and acquisitions. Of course this goes without saying. SMB’s currently slugging through the summer on slow, if any...Read More
A friend sent me a copy of a video on the New York Times website and it really cheesed me off. Then I remembered that to residents of the Big Apple, Chicago is fly-over territory so there”s no need to do any actual research or solicit more than the shallowest level of detail for a...Read More
3 subsidiaries of ARH Mortgage Inc. of Brisbane, California filed Chapter 7 in Wilmington, DE including Alliance Bancorp Inc. of Oakbrook, Ill. According to an SEC prospectus filed in May they company and its subsidiaries originated $2.6 Billion in loans. In a message posted on the company’s Web site, Alliance Bancorp’s Chief Executive Officer and...Read More
As documented in this piece by Paul Beebe in The Salt Lake Tribune, Delta Airlines is the second major carrier dealt a near-lethal blow in 9/11 to emerge from Chapter 11 protection (see our piece about Northwest Airlines). In Delta’s case, its re-emergence came with an early Christmas gift for investors as well — a...Read More
Britons love a good wedding — hence the wildly popular 1994 comedy “Four Weddings and a Funeral” as well as the Charles-Dianna “Wedding of the Century.” Of course as we know it’s a different story when it comes to marriage as an institution. In the UK as in other countries the traditional man-woman monogamous relationship...Read More
From the Housing Bubble and Real Estate Market Tracker on the blog Seeking Alpha comes this encouraging snapshot of our times (yes, that was sarcasm) :: Bankruptcy Attorney in Illinois :: M. Hedayat & Associates, P.C. ::Read More
