Monday, May 18, 2009

Fast-Track Foreclosures in Texas Face Slowdown by Legislators (Bloomberg)

May 18 (Bloomberg) -- Carlos Perez and Belinda Castillo of El Paso, Texas, were two months behind on their mortgage in January when the lender demanded that they catch up or face foreclosure. Two months later, their three-bedroom, Southwestern- style house was auctioned on the courthouse steps., more 
and Lowe's 1Q profit falls, but tops Wall Street view (San Francisco Chronicle)  Lowe's Cos. Inc. said Monday that its fiscal first-quarter profit fell 22 percent but still managed to top Wall Street's expectations as it cut prices on fewer items. The news, along with a better-than-expected second-quarter outlook and an increased full-... Related: Lowe - Home improvement - Wall Street - Business - Real estate economics, more 

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