Word: assets
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...diamond; now he wears Brooks Brothers and defends fraud cases. "It's where the action is," he explains with a grin. An epidemic of inflated appraisals, exaggerated incomes, straw buyers - and the lax regulation to enable it all - has made Florida tops in mortgage fraud, according to the Mortgage Asset Research Institute; in a recent Palm Beach County case, a grocery cashier's salary was listed as $344,000 a year. And Paul Singerman, bankruptcy counsel for Puig's companies, is even busier. His firm represents the Florida home builders Tousa Inc. and Levitt and Sons, which happen...
While officials from Harvard Management Company (HMC), which manages the University's endowment, refuse to discuss specific investment decisions with the media, HMC's most recent "John Harvard Letter" suggests that growing investments in commodities—a high-performing asset class as of late—may explain much of the endowment's superior performance...
...almost a quarter for the first 10 months of the fiscal year, according to the Dow Jones-AIG Commodity Index. The letter, released last August, estimated Harvard's investment in commodities at 17 percent of the endowment for fiscal year 2008, making it their single largest investment by asset class. That number reflects a near tripling of the share of the endowment invested in commodities since...
...Hispanic vote in 2004, though most public polls now show McCain getting just under 30% of the same group, compared with 60% for Obama.) McCain aides openly talk about how the immigration issue that was a burden for their candidate in the primary could become an asset in the general election...
...last week, a nationwide bust that produced more than 400 arrests over the past three months for fraudulent home-loan schemes. In South Florida alone, more than 100 people have been arrested since last September, including 19 just last week. In a study released in March by the Mortgage Asset Research Institute, Florida ranked first in the country in 2006 and 2007 for the amount of loans that were misrepresented...