More Cons Than Pros To 401(k) Loan (Investor's Business Daily)
Investor's Business Daily - In the past year, the credit crunch has spread from mortgages to student loans and other types of debt. Home equity lines of credit have been reeled in. More »
New CEO of State Chamber Targets Business Climate
Randy Zook, the new president and CEO of the Arkansas State Chamber of Commerce/Associated Industries of Arkansas, is keeping an eye out for legislation or regulations that might hurt businesses in the state. More »
AEDC Reports Increased Economic Development
Last year was a banner year for economic development in the state, according the Arkansas Economic Development Commission's annual activity report for 2007. More »
Walton Stock Regains 12-Digit Value; Hunt Family No. 2
For the first time since 2000, the Walton family's shares of Wal-Mart stock are valued at more than $100 billion. More »
Townhomes in Sherwood Sold for $4.75 Million (Real Deals)
A look at important real estate transactions for the week of Sept. 8, 2008. More »
Mineral Rights Owners Have Scant Chance Of Renegotiating Terms
If a production company hasn't yet drilled on a piece of property in the Fayetteville Shale Play, it probably means that the company has determined the land won't be productive and that mineral rights owners won't be able to renegotiate their leases for better terms. More »
Boston Goes Bankrupt in Northwest Arkansas
Michael Boston, who owns M&T Wood Specialties Inc. of Pea Ridge, listed $3.4 million in debts and $1.2 million in assets. More »
Lawsuit Stems Over Similar Sounding Names
One title company is northwest Arkansas is suing another over a similar sounding name. More »
Home loan troubles break records again (AP)
AP - More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. More »
Home foreclosures reach record high (Reuters)
Reuters - Home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday. More »
Rangel had no-interest mortgage more than 10 years (AP)
AP - Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday. More »
Columbia Bancorp to close mortgage business, cut jobs (Reuters)
Reuters - Columbia Bancorp , the holding company for Columbia River Bank, said it plans to close its mortgage banking division, affecting about 39 jobs, as it strives to cut costs amid a difficult mortgage market. More »
Home Builders Led ETFs During Aug. (Investor's Business Daily)
Investor's Business Daily - Last year's weakest sectors reversed course to become the strongest ETF performers in August. Precious metals and other commodities melted down as the dollar gained strength against other major currencies, which lessened the appeal of hard assets as a hedge on the greenback. More »
Corporate Relocations Hindered By Slumping Housing Market (Investor's Business Daily)
Investor's Business Daily - The rough housing market is sending parts of corporate America into fits trying to hire, relocate and manage workers. It's spurring a change in methods. More »
FBI arrests ex-Credit Suisse broker (Reuters)
Reuters - An indicted former Credit Suisse broker was in U.S. custody on Thursday to face charges over deceptive sales of subprime-related auction-rate debt, the FBI said. More »
Hovnanian, Toll Brothers post quarterly losses (Reuters)
Reuters - Two large U.S. home builders posted quarterly losses amid the steep U.S. housing decline, but Hovnanian Enterprises Inc's results were far worse than Wall Street expected, while Toll Brothers Inc's loss was half what analysts had anticipated. More »
30-year mortgages dip slightly to 6.35 percent (AP)
AP - Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. More »
Toll Brothers posts 3Q loss as revenue falls (AP)
AP - Toll Brothers Inc. said Thursday it swung to a loss in its fiscal third quarter as weak demand for new homes forced the luxury builder to mark down the value of its land and unsold homes. More »
Toll Brothers posts net loss; sees Q4 revenue below Q3 (Reuters)
Reuters - Luxury home builder Toll Brothers swung to a third-quarter net loss, hurt by write-downs and weakened demand in most markets amid the nation's housing slump, and forecast sequentially lower revenue in the fourth quarter on higher costs. More »
New York foreclosures up; Miami, LA market better (Reuters)
Reuters - New York home foreclosures rose in August from July, signaling a potential drop in prices, but the Los Angeles and Miami markets showed a slight improvement, real estate research website PropertyShark.com said on Wednesday. More »
Hovnanian reports deeper quarterly loss (Reuters)
Reuters - Hovnanian Enterprises Inc reported a deeper quarterly loss that lagged Wall Street estimates, hurt by record foreclosures and poor consumer confidence, sending its shares down more than 4 percent. More »
Egyptian tycoon charged with murder
Egyptian real estate tycoon Hisham Talaat Mustafa was charged on Tuesday with paying $2m for the brutal killing of Lebanese pop singer Suzanne Tamim in a Dubai flat in July. Tamim, 30, was stabbed several times and her throat cut, allegedly by a retired policeman paid by Mustafa. Mustafa runs the Talaat Mustafa Group real estate conglomerate, worth several billion dollars. He is also a stalwart of the ruling National Democratic Party and member of the Shura Council Egypt's upper house of parliament. More »
GMAC slashing work force, reduces mortgage lending (AP)
AP - Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing operations because of the housing market downturn. More »
2 brokers accused of $1B subprime fraud (AP)
AP - Federal prosecutors and regulators on Wednesday accused two former Wall Street brokers of defrauding customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages. More »
Ex-Credit Suisse brokers accused in ARS scheme (Reuters)
Reuters - Two former Credit Suisse brokers were charged on Wednesday with fraud and conspiracy over deceptive sales of subprime-related auction-rate debt, government officials said, part of an industrywide probe of the securities. More »