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During a 10-year period, NovaStar Mortgage originated more than $40 billion in mortgage loans and NovaStar Home had more than 400 branches nationwide. The company had nearly 5,000 employees at one point. The company went public 10 months after opening. From 2003 to 2006, the total number of subprime loans issued in the U.S. increased by 17 percent.
Munger, Tolles, & Olson LLP (MTO) is an American law firm founded in 1962 with offices in Los Angeles, San Francisco, and Washington D.C. The firm is known for handling litigation and corporate matters across multiple industries, including entertainment, technology, energy, healthcare, and financial services.
In restaurants, à la carte (/ ɑː l ə ˈ k ɑːr t /; French: [a la kaʁt]; lit. ' at the card ') [1] is the practice of ordering individual dishes from a menu in a restaurant, as opposed to table d'hôte, where a set menu is offered. [2] It is an early 19th century loan from French meaning "according to the menu". [3] [4]
As part of the company’s plan moving beyond bankruptcy, court documents reveal a list of nearly 70 leases WeWork plans to terminate—35 of which are in New York City alone. As of June, the co ...
Real estate settlement companies work with the lenders and real estate agents of both the buyer and seller in order to facilitate the terms of a real estate contract. There can be confusion between real estate settlement companies and mortgage originators. A customer would contact a bank (lender) for a mortgage, and would contact a real estate ...
The two would get into real estate development once again and buy over 3,000 vacant lots from Atlantic. It was part of a plan by Atlantic to get $200 million to sell off half of the 87,000 acres and 9 water processing plants it had, but this idea "never fully materialized," with Atlantic filing for bankruptcy protection in 2001.
For efficiency's sake, it will often sell these at a discount to a company specializing in real estate liquidation instead of becoming involved in an area it may lack sufficient expertise in to operate with maximum profitability. A company may also operate in a "receivership-like" state but calmly sell its assets, for example to prevent its ...
In the spring of 2007, New Century ran into financial difficulties, and trading of its stock on the NYSE was halted. On April 2, 2007, it filed for Chapter 11 bankruptcy. [4] In July 2010, three officers of the company agreed to pay $90 million in settlements and were barred from serving as directors of public companies for five years. [5]