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Impac Mortgage posts $2 bln loss in 2007 on credit woes (Reuters)

Reuters - Impac mortgage Holdings Inc , a struggling mortgage lender, said it lost $2.05 billion in 2007, largely because of mounting credit losses tied to higher delinquencies and defaults as the housing market slumped. Traders Rally Around home-Builder Stocks Investors are preparing for the housing market to level off and perhaps […]

Northfield, MN Home for Rent - $1,325
Northfield house for Rent on June 1st Near Park Dr and Prairie St by the golf course and city swimming pool DESCRIPTION Clean, quiet, safe, and well maintained home in wooded city area. Walking trails throughout the neighborhood. City’s brand new outdoor swimming pool just a block away (opened summer […]

Available Immediately - $192,000
Lovely 3 BR/2BA with family room and eat-in Kitchen including wrap around deck and a lot of windows on almost an acre wooded lot. New roof, heating and air unit, counter tops, appliances and sliding glass doors. Attached two car garage with partial basement. LUXURY Living*******ISLAND Style (Florida Keys) - […]

Balfour s finest 1 BR - $1,950
Balfour’s finest 1BR with stunning direct monument views. Rarely available with custome built-ins, columns, entre gallery and custome marble bath. High ceilings with bright southern exposure and washer/dryer all in pet friendly historic jewel. You will have a world within walking distance as you stroll to dozens of DC’s best restaurants, […]

Bernanke: Financial Market Conditions Far From Normal
Speaking at the Atlanta Fed’s Financial Markets Conference, Federal Reserve Chairman Ben Bernanke addressed the current state of the U.S. economy, calling current financial market conditions “far from normal.” “The provision of liquidity by a central bank can help mitigate a financial crisis. However, central banks face a tradeoff… […]

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