Lehman Brothers announced their week early earnings…$3.9 billion in the negative, the largest loss in the history of the company.
Needless to say, this loss was greater than expected.
The bank has announced plans aimed at fixing whatever is broken. Some details of the plan include: selling a majority stake in its asset management business, spinning off $30 billion in commercial real estate business, and slashing […]
The National Association of Realtors reported that approximately one third of existing home sales for the second quarter of 2008 could be attributed to foreclosures or short sales. Here’s a very basic explanation of both:
Foreclosure - Can occur when a homeowner fails to make mortgage payments. The lender can sell or repossess your home as a result […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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