Home Refinancing - Betting on death in the insurance business sparks controversy
Betting on death in the insurance business sparks controversy
Newsday - He formed Coventry First in 2000, taking out an $850,000 home-equity loan to make early purchases. It remains a family business: Mr. Buerger is chief executive officer, while his wife, son and daughter-in-law hold senior positions. Life settlements
E-Trade Gets $2.5B Infusion, CEO Out
Washington Post - E-Trade said it will take a $2.2 billion charge as a result of the sale of the asset-based securities porfolio and will record a larger-than-expected fourth-quarter loss on its home equity loan portfolio that will result in an ending allowance of
First Financial Northwest, Inc. Reports Increase in Provision for Loan
MSN MoneyCentral - Bank Northwest (”Bank”), announced today it would increase its provision for loan as the purchasers typically have lower credit scores and a minimal amount of equity The developer has experienced a slowdown in home sales as a result of tightening
U.S. stocks fall, led by big retailers and home equity lenders
International Herald Tribune - Sears fell to a two-year low on profit that missed analysts’ estimates by the widest margin since 2005. Washington Mutual, the biggest savings and loan, declined after Goldman said home-equity credit quality was deteriorating. Lehman Brothers Holdings