Archive for the 'Home Builders' Category

Small Banks at risk, too ….

By: Myles, June 26th, 2008

Here we go again. Recently, the headlines have been dominated by the global banks, like Bear Sterns, and their massive missteps and huge losses.
For instance, this just in from CitiGroup: $8.9 billion of write-downs in the second quarter, nearly $15 billion of losses in the last two quarters of 2008, and more than $46 […]

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Opting Out of Title Insurance — Do Not!

By: Myles, June 19th, 2008

The point is often is often raised that there is some value in eliminating title insurance. Kimberly Palmer, in her article in U.S. New and World Report today, makes clear that the answer to whether to opt out of title insurance is: DO NOT!
When attorney Mark Rutzick sold his home in Fairfax, Va., and bought a new […]

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The next shoe to drop: Homebuilder defaults?

By: Myles, June 6th, 2008

As reported by Wall Street Journal today, federal regulators warned that banking-industry turmoil would continue as financial institutions come to terms with piles of bad loans they made to finance the construction of homes and condominiums.
A New Phenomena: Until now, most of the damage to banks from the housing crisis has come from homeowners defaulting […]

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