The New York Mets finally acknowledged on Friday that the team was struggling to cover expenses and received a loan back in November from Major League Baseball. Both the New York Times and the New York Daily reported the amount to be 25 million dollars. The team owner Fred Wilpon, team president Saul Kaltz, who [...]
As more and more companies are struggling to survive in this tough economy, bankruptcy protection seems to be the only option for some business. Wednesday, Borders Group Inc., bookstore filed for bankruptcy and since then it seems like more and more reports about companies filing for bankruptcy are making its way to the media. The [...]
In order to maintain a healthily and fast response towards services when handling the numerous amounts of foreclosures, Bank of America will be splitting its mortgage business into two separate units. Legacy Asset Servicing, the new unit, will have its hands full as it deals with backlogs of issues that forced the bank to suspend [...]
For the first time since December, mortgage and refinance mortgage rates are at a new high. 30 year fixed rates are as high as 4.875 percent with 1 point and an annual percentage rate of 5.054 percent at Bank of America (NYSE:BAC) Wells Fargo’s rates are 5.25 percent with an annual percentage rate of 5.664 [...]