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International Real Estate: For Sale in . . . Montego Bay, Jamaica
A four-bedroom four-bath villa, with ocean views and a pool in a gated community, is on the market for $1.6 million.
New York Times  –  Jul 1, 2008 8:59 PM [GMT]  ¦  comment?
Property Values: What You Get for ... $400,000
A two-bedroom condo in Edenton, N.C.; a two-bedroom town house in Baltimore; and a four-bedroom house in Memphis.
New York Times  –  Jul 1, 2008 8:56 PM [GMT]  ¦  comment?
Photo from Yahoo! Florida wants settlement from Bank of America
Reuters - The U.S. state of Florida hopes to negotiate a monetary settlement with Bank of America Corp for what the state calls deceptive lending practices by the bank's newly acquired mortgage unit, Countrywide Financial Corp, the state attorney general said on Tuesday.
Yahoo!  –  Jul 1, 2008 3:41 PM [GMT]  ¦  comment?
Photo from Yahoo! Bank of America completes acquisition of Countrywide
AFP - Bank of America said Tuesday it completed its purchase of Countrywide Financial, the largest US mortgage lender that had been at the center of the country's subprime loan crisis.
Yahoo!  –  Jul 1, 2008 1:27 PM [GMT]  ¦  comment?
Photo from Yahoo! CIT shares jump on deal to shed mortgage assets
Reuters - CIT Group Inc said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet and lifted its shares 14 percent in premarket trading.
Yahoo!  –  Jul 1, 2008 1:12 PM [GMT]  ¦  comment?
UBS announces major boardroom reshuffle
AP - UBS AG announced a major boardroom reshuffle Tuesday, the second since the Swiss banking giant suffered heavy losses as a result of the U.S. subprime crisis.
Yahoo!  –  Jul 1, 2008 12:44 PM [GMT]  ¦  comment?
Photo from Yahoo! UBS board bites on bullet of subprime drama, shares slump
AFP - The biggest Swiss bank UBS, reeling from huge subprime losses, slashed its chairman's powers and announced four boardroom changes on Tuesday, as its shares plunged to a record low point.
Yahoo!  –  Jul 1, 2008 11:09 AM [GMT]  ¦  comment?
Wachovia quits offering risky mortgage loan
AP - Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest.
Yahoo!  –  Jun 30, 2008 9:49 PM [GMT]  ¦  comment?
Photo from Yahoo! Bank of NY Mellon CEO sees more losses from banks
Reuters - The chief executive of Bank of New York Mellon Corp said on Monday he expected further losses from the banking sector and added that the U.S. housing market crisis could continue for some time.
Yahoo!  –  Jun 30, 2008 1:30 PM [GMT]  ¦  comment?
Photo from Yahoo! Taylor Wimpey seeks cash, warns of housing gloom
AFP - International home builder Taylor Wimpey, suffering from a slowdown to the housing market, said on Monday that it was looking at raising cash by offering new shares in the company.
Yahoo!  –  Jun 30, 2008 11:24 AM [GMT]  ¦  comment?