Mike DelVero's (mikedelvero) Blog

The U.S. government, which helped organize an $85 billion bailout of insurer AIG on Tuesday, also sought to break the grip of worsening global credit crisis by pumping billions into financial markets in a concerted action with central banks of other countries. The Federal Reserve Bank of New York...

Morgan Stanley's stock price plunged again Thursday as the investment bank scrambled to strike a major deal or raise more cash that will assuage investors and prevent more damage to its free-falling shares. John Mack, the No. 2 U.S. investment bank's chief executive of Morgan Stanley has reached ...

Construction of new homes and apartments fell to the weakest pace in 17 years in August, far more than expected, but lower mortgage rates and tax credits have given builders some glimmer of hope of a possible rebound. Housing construction dropped a surprising 6.2 percent last month, the Commerce ...

Not stocks, not real estate, not even oil!!  Gold is the first to recover. Gold prices exploded Wednesday -- posting the biggest one-day gain ever in dollar terms -- as fears of more credit market turmoil unnerved investors and triggered a flood of safe-haven buying. Gold for December delivery ro...

Over the weekend, the government refused to pony up taxpayer money to rescue troubled investment bank Lehman Brothers. That was seen as drawing a line in the sand after the Fed financially backed JPMorgan's takeover of Bear Stearns and then the Bush administration seized control of mortgage finan...

American taxpayers awoke Wednesday to learn they may end up owning one of the world's largest insurers. They might now lose some sleep wondering whether the government's $85 billion loan to American International Group Inc. was a wise investment If the gamble succeeds, the company nurses itself b...

If you are facing difficult financial times foreclosure may be your last option. However, be careful, if you are letting your home go into foreclosure as a result of value being less than what you paid, if you can still afford to pay and just choose to simply "walk away" please know these rule ch...

Morgan Stanley said Tuesday that its core businesses continue to generate solid profits, as the No. 2 investment bank hurried to convince investors that it is withstanding the financial turmoil that has dramatically changed the face of Wall Street over the past few days. This is signficant in lig...

the study also found Canada's more conservative lending practices have prevented the speculative excess and severe downturn experienced in U.S. markets   A real estate finance expert at UBC's Sauder School of Business is predicting that home values in most of Canada's urban centres are about to p...

Pulte brands, including Pulte Homes, Del Webb and DiVosta Homes, ranked highest in customer satisfaction among new-home builders, J.D. Power reported. Cambridge Homes, a part of builder D.R. Horton; Centex Homes; Darling Homes; David Weekley Homes; Eastwood Homes; Granville Homes, John Wieland Ho...