Property Owners Can Sell Fast in an Emergency Situation
Most of those who have been in the property management and investing market for some time will have heard at least one horror story about exactly how difficult it can be to try and sell a property quickly during an emergency situation when the need to liquidate a property is immediate. When the nightmare appears [...]
US: Undisclosed Losses at Merrill Lynch Lead to a Trading Inquiry
Bank of America chief executive, Kenneth D. Lewis, is trying to bridle Merrill Lynch traders, whose rush into risky investments nearly brought down the brokerage firm. But questions over the Merrill losses — in particular, who knew about them, and when — keep swirling.
Fannie taps lifeline after $59B in losses
Hammered by the ailing housing market, mortgage finance giant Fannie Mae said Thursday it would tap its lifeline from the Treasury Department after reporting $58.7 billion in losses for 2008.