Real Estate
  • Countrywide used VIP program to sway Congress: report

    Countrywide used VIP program to sway Congress: report

    By Reuters

    WASHINGTON (Reuters) - A VIP mortgage program run by now-defunct Countrywide Financial Corp was used to influence lawmakers with the aim of killing legislation that could hurt the company's profits,...

  • Student Loan Debt Gets a Daring New Fix

    By Maureen Mackey, The Fiscal Times

    Niagara Falls, whose downtown has fallen into disrepair over the years as its population has plunged, needs bright young college graduates. And it’s got a new plan to attract them: an attractive...

  • UAE offers to free American hunger striker on bail

    By Reuters

    ABU DHABI (Reuters) - A court in the United Arab Emirates has offered to release on bail an American businessman accused of embezzlement who has been on hunger strike in jail since May, the U.S...

  • Mammoth Lakes, California files for bankruptcy

    By Reuters

    SAN FRANCISCO (Reuters) - Mammoth Lakes, California filed on Tuesday for Chapter 9 bankruptcy protection from its creditors due to a nearly $43 million legal judgment against it. The filing follows a...

  • How Stockton went broke: A 15-year spending binge

    How Stockton went broke: A 15-year spending binge

    By Jim Christie, Reuters

    SAN FRANCISCO (Reuters) - The man in charge of the biggest U.S. city ever to file for bankruptcy is clear about the root of the crisis. It was a decision that gave firefighters full healthcare in...