Word: mortgagees
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Dates: during 1980-1989
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The innkeeper, whose name was Lyle Wolf, was from Los Angeles. One of a growing number of novices in the trade, he had allowed romanticism to overtake him a couple of years ago, chased the ghost of Thornton Wilder across the continent, and set himself up as a country squire...
The company already had one remarkably successful entry in the field, Allstate Insurance. Founded in 1931 to sell automobile insurance by mail, Allstate is the most profitable Sears group. Through September this year, it earned $418.5 million on revenues of some $6 billion. Sears also owns Allstate Savings and Loan...
The combination of all the companies gives Sears enormous reach. Dean Witter, for instance, can sell federally insured money-market accounts through Allstate Savings and Loan. Coldwell, Banker has started offering discount coupons on Sears merchandise to home buyers in 28 states. Sears is considering the introduction of a universal...
Some customers said they had been attracted by the prestigious company that the Sentinel concerns kept. Sentinel was a client of the prominent Wall Street law firm of Cadwalader, Wickersham & Taft, which has also counseled the likes of Holiday Inns, Occidental Petroleum and the Federal Home Loan Mortgage Corporation. Peat...
The Reserve Board's cautious policy las kept mortgage rates hovering around 13.5% and stalled the housing recovery. The Commerce Department reported last week that housing starts dipped 3.8% in October, after a 12.2% decline in September. The National Association of Home Builders expects starts to total 1.7 million...