Tuesday, November 27, 2007

Calls for transparency intensify for Citigroup

On Nov. 19, an extensive advertising supplement to the Detroit Free Press listed more than 17,000 parcels of property in the Wayne County area that were subject to tax foreclosure.

Mayors warn that foreclosures to hit metro areas


Rising foreclosures will lead to billions of dollars in lost economic activity next year in the nation's major metropolitan areas, but homeowners and financial institutions have the ability to work together to ...more



Subprime mortgage victims overlooked


I've been visiting people who have been most affected by the subprime mortgage debacle.
more...



Business Digest


Maryland EInstruction to buy Columbia's Interwrite EInstruction, a Texas-based technology company, will acquire Columbia's Interwrite Learning for an undisclosed amount, the businesses said yesterday.

More Business Digest


Nation JPMorgan Chase to lay off 91 in Calif. JPMorgan Chase & Co. will lay off 91 employees at its mortgage operations center in Ontario, Calif., amid a downturn in the housing market and tighter lending ...more



Calls for transparency intensify for Citigroup


Calls for more transparency at Citigroup Inc. grew louder Monday when HSBC Holdings PLC said it would put two funds with mortgage exposure on its balance sheet and spend $35 billion to bail them out.

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