VOL. 123 | NO. 252 | Friday, December 26, 2008
As the mortgage industry closes the book on an abysmal year, it can thank the Federal Housing Administration for being one of the few bright spots of 2008.
Right on schedule, elected officials on both sides of local government were briefed this month on the plan to file a lawsuit against national mortgage lending companies that allegedly targeted minority borrowers for high-cost loans.
The publicly traded company that owns 85 percent of Elvis Presley Enterprises has completely called off its attempt to go private.
Sales of new U.S. homes fell in November to the slowest pace in nearly 18 years, while new home prices dropped by the biggest amount in eight months.
Memphis-based Accredo Health Group Inc., a pharmacy benefit manager for people who need specialty drugs, could benefit from initiatives for universal health care, but the man at the company’s helm isn’t putting all his focus on landing a mother lode contract with the government.
WASHINGTON (AP) - Sales of existing homes plunged far more than expected last month as buyers recoiled from October's financial wreckage on Wall Street. The median sales price fell by the largest amount on record.
WASHINGTON (AP) - As the longest recession in a quarter century intensifies, analysts believe the small decline in economic activity in the third quarter has worsened significantly in the current fourth quarter.
While the employment landscape looks sparse right now, the outlook for 2009 isn't uniformly bleak – and is downright bright in some recession-resistant industries.