Mortgage task force to probe foreclosures, fraud (Builder Magazine)
2 Mar 2010 at 5:19am
Mar. 1--The popular notion that Buffalo weathered the mortgage meltdown better than most cities is attracting the attention of federal prosecutors who don't buy it.
Many underwater homeowners overpay to stay (Builder Magazine)
23 Feb 2010 at 7:36am
By Scott Canon, The Kansas City Star, Mo. Feb. 21--Strategic default. Two words that could set you free. Or seal your doom. When you took out a $200,000 mortgage to buy that house three years ago it felt like the home would pay for itself. The value seemed bound for $300,000 in no time.
Ashford Hospitality Trust Reports Fourth Quarter Results (PR Newswire via Yah...
24 Feb 2010 at 1:00pm
Ashford Hospitality Trust, Inc. today reported the following results and performance measures for the fourth quarter ended December 31, 2009. Â The proforma performance measurements for Occupancy, Average Daily Rate , revenue per available room , and Hotel Operating Profit include the Company's 102 hotels owned and included in continuing operations as of December 31, 2009. Â Unless otherwise ...
New credit card law takes effect (Chicago Tribune)
22 Feb 2010 at 2:25pm
Starting today, banks have a new set of rules. The idea behind the law was to prevent practices that often pushed borrowers deeper into debt. But it will also send rates up and credit lines down.
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