Thursday, February 09, 2012
1. Unbelievable: The big banks are becoming desperate to avoid foreclosures
 
2. Home mortgage rates just hit an astonishing new low
 
3. Warren Buffett is pouring billions of dollars into this blue-chip tech stock
 
1. Richard Russell: This could be 2012's "market moving" event
 
2. Porter Stansberry: These facts show the "End of America" is coming
 
3. New report reveals Federal Reserve president owns millions in gold and platinum
 
4. Military insider: The Pentagon is lying about Afghanistan
 
5. This morning's "fantastic" jobs report is hiding some shocking news
 
Warren Buffett doubles down on housing bet
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Friday, September 04, 2009
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From 24/7 Wall Street:

Warren Buffett is positioning Berkshire Hathaway Inc. to profit when the housing and property market returns to more normal levels. Now, he is teaming up with what many investors consider a “Buffett rival.” Berkshire Hathaway Inc. (BRK-A) is teaming up with Leucadia National Corp. (LUK) to acquire the North American mortgage and servicing operations of Capmark Financial Group Inc.

The Capmark deal is said to be valued at roughly $490 million. Some may question this, but many believe a return is taking shape of at least some normalcy in the housing market.

Capmark is said to be looking for a debt restructuring and also looking at options for its business holdings as it has discussed bankruptcy protection as a possibility.

Read full article...

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Topics: Warren Buffett | Mortgages | Real Estate
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