Bankruptcy looming for mortgage firm
Article Abstract:
American Business Financial Services Inc. is planning for a Bankruptcy Court filing due to increasing cash crisis. American Business Financial was unable to obtain approval from the U.S. Securities and Exchange Commission to sell unsecured notes, which it sells directly to the public to fund its mortgage lending, resulting in the serious depletion of the company's cash.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Turmoil dwells at Freddie Mac: Should homeowners worry over finance firm's fate?
Article Abstract:
Christopher Mayer, research director of the Samuel Zell and Robert Lurie Real Estate Center at the Wharton School of the University of Pennsylvania discusses the criminal investigation of Freddie Mac by the Federal prosecutors in Virginia. He discusses about Freddie Mac, involvement of federal government, and should homeowners and homebuyers worry about it.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2003
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Faces of business in 2004: From hot dogs to mortgages, pursuing dreams
Article Abstract:
The expansion plans of business entrepreneurs like Karen Mandel cookies, James J. Maguire and Regina Marie Lowrie firms are discussed. These entrepreneurs tried to turn their ideas into profit through their hotdog firms and mortgage firms.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2005
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