Mortgage and Financial News From 2008-4-17 Page 3
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Financier to seek funds to acquire U.S. thrifts (Baltimore Sun)
Billionaire financier Wilbur L. Ross Jr., who made his fortune turning around distressed steel and textile companies, plans to seek about $4 billion from investors, including Arab sovereign funds, to buy U.S. depositary banks.
2008-04-17 12:43:08 -
Is Uncle Sam gouging Gates on rent? (Seattle Times)
Everyone's heard about the subprime-mortgage crisis, with people losing their homes and the attendant credit squeeze. But little has been...
2008-04-17 12:44:32 -
Bay Area Rents Up 9 Percent; Tops In Western U.S. (CBS 5 Bay Area)
While homeowners fret about the crumbling value of their houses, apartment renters throughout the western United States are writing bigger checks to pay for their leases, according to a report to be released Thursday.
2008-04-17 12:48:09 -
JPMorgan, Wells Fargo profits decline, but beat forecasts (El Paso Times)
NEW YORK—JPMorgan Chase & Co., which recently scooped up the toppling investment bank Bear Stearns Cos., said Wednesday that problems with mortgages and other loans cut its own first-quarter profit in half.
2008-04-17 12:49:48