It looks like the Bush administration's call for lenders to voluntarily begin wholesale modifications of ARM loans -- freezing rates on many loans with looming resets -- isn't being embraced by Wall Street investors. Many appear to be wedded to... more...
Builder Lennar Corp., which reported a $513.9 million loss in the third quarter compared with net earnings of $206.7 million in third-quarter 2006, has sold about 11,000 home sites for $525 million that had been valued at $1.3 billion as... more...
Unions representing hotel and textile workers have created a Web site advocating a boycott of Countrywide Financial Corp.'s banks and financial institutions. Countrywide's not doing enough to help out troubled borrowers, the unions claim, so consumers shouldn't let the lender... more...
