Monthly Archives: May 2008

THREE YEARS AGO, HEDGE-FUND MANAGER SY JACOBS TOLD Barron’s that serious trouble was brewing in the housing market, predicting that “the bursting of the housing bubble [would] be a dominant theme for investing in financial stocks in the next decade.” … Continue reading →

WASHINGTON—Rep. Laura Richardson claimed Friday that her Sacramento home was sold into foreclosure without her knowledge and contrary to an agreement with her lender.She said that she is like any other American suffering in the mortgage crisis and wants to … Continue reading →

May 23 (Bloomberg) — Lewis Ranieri, the mortgage bond pioneer trying to salvage a Texas bank crippled by faulty real- estate loans, is seeking $1 billion in a separate venture to buy residential mortgages. Selene Residential Mortgage Opportunity Fund LP … Continue reading →

May 22 (Bloomberg) — U.S. house prices sank 3.1 percent in the first three months of 2008 from a year earlier, the second quarterly decline since June after 13 years of increases, according to a government report. Prices for previously … Continue reading →

California Rep. Laura Richardson today denied a published report that her $535,000 Sacramento home had slipped into foreclosure, saying she had renegotiated her loan to keep the home. The house “… is not in foreclosure and has NOT been seized … Continue reading →