Judge Rejects Countrywide Settlement
Friday, August 15, 2008 (612 reads)
A federal bankruptcy judge has rejected a settlement involving Countrywide Financial Corp, saying he wasn't convinced it was fair to nearly 300 borrowers allegedly hurt by the mortgage lender's abusive practices.
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Boston REIT Acquires 302 Apartments In Penn.
Thursday, August 14, 2008 (406 reads)
Boston-based Berkshire Income Realty, a real estate investment trust, has purchased the partnership interests of Executive House Assoc., owners of Executive House Apartments, a 302-unit, high-rise apartment building in Philadelphia.
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Mattapan Wealth Manager Indicted For Fraud
Thursday, August 14, 2008 (408 reads)
A Suffolk County Grand Jury has indicted a former account manager at a local wealth management company for allegedly stealing more than $70,000 from a client to pay her personal credit card bills.
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National Foreclosures Up. Again.
Thursday, August 14, 2008 (201 reads)
National foreclosure filings rose 8 percent in July compared to June, and 55 percent compared to July 2007, according to California housing market tracking firm RealtyTrac.
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July Life Insurance Sales Flat
Thursday, August 14, 2008 (162 reads)
North American application activity for individually underwritten life insurance was flat in July, off 0.2 percent year-over-year, according to the Braintree-based MIB Life Index.
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Boston Properties Bites Into Big Apple
Wednesday, August 13, 2008 (457 reads)
Two downtown New York office towers, including one with a history of architectural instability, have been acquired by Boston Properties, a real estate investment trust, from Macklowe Properties for $705 million.
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Mullen Moving To Merrimac
Wednesday, August 13, 2008 (381 reads)
James F. Mullen Co., a specialty metal fabricator, has purchased an 87,700-square-foot industrial building at 51 East Main St. in Merrimac for $2.3 million.
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