Finance
Sunday, January 03, 2010 NEW YORK: A string of exploding investment bubbles that started with the dot-coms and ended with mortgages and oil dominated the years from 2000 to 2009.
With the New Year almost here, many of us will be making resolutions to improve our lives.
Its that time of year when many of us make new years resolutionslose weight, eat better, get more rest, and the like.
When financial titan Goldman Sachs joined some of its Wall Street rivals in late 2005 in secretly packaging a new breed of offshore securities, it gave prospective investors little hint that many of the deals were so risky that they could end up losing hundreds of millions of dollars on them.
CapitalSource Inc. has received a $119 million Housing and Urban Development-backed loan from the Capital Funding Group for mortgages on properties it plans to sell to Omega Healthcare Investors Inc.
The Florida Supreme Court is ordering local judges to adopt a uniform mediation program to help pare down nearly 300,000 foreclosure cases clogging the state’s courtrooms.
It didn’t happen. Spending on discretionary items, or those under White House and congressional control, is expected to run about 4 percent higher than last year, well above the rate of inflation.
The average fixed-rate for a 30-year mortgage climbed above 5 percent for the first time in two months, leading to a decline in mortgage applications.
The government shouldn’t reward liars. But that’s the effect of changes to the Obama administration’s failing program to help homeowners modify their mortgages.
Prospective full-time teachers are scrambling to get into the current state pension tier before a reform measure designed to save New York taxpayers billions of dollars takes effect New Year’s Day.