Two More Banks Fail
Two More Banks Fail
CNNMoney.com
Two more banks failed Friday bringing the tally to 25 in 2009, according to the government. American Sterling Bank, based in Sugar Creek, Mo., and Great Basin Bank of Nevada in Elko, Nevada were shuttered by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation was named receiver, according to statements posted on the FDIC's Web site.
Bill Would Bring Relief for Homeowners
Kiplinger.com
If you're considering filing for personal bankruptcy because you're having trouble making the mortgage payments on your primary residence, keep an eye on the so-called "cramdown" bill. The measure, which is part of President Obama's housing plan and is making its way through Congress, would allow bankruptcy judges in Chapter 13 proceedings to reset the terms of certain mortgages so that more homeowners can keep their homes.
Is the Commercial Real Estate Market About to Collapse?
PR NewsWire
The Commercial REO Brokers Association is having a Dinner Meeting on April 28, 2009 at the Fairmont Hotel in Newport Beach. Cocktails will be at 6:00pm; Dinner will be served at 7:00pm. The Meeting will proceed from 8:00pm to 10:30pm.