The largest landholder in the Florida Panhandle is suffering huge losses due to the BP oil spill. And it’s looking for someone to pay. The St. Joe Company , a real estate developer in Florida that owns 577,000 acres of land near the Gulf Coast, filed a suit against Halliburton Co. on Aug. 4, asking for more than $1 billion in damages.
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With the housing industry at large raising alarms about mortgage servicers’ desperate need for liquidity, the nation’s largest mortgage aggregator is now warning originators that it could force them to buy back loans that go into forbearance.
The number of Americans filing jobless claims totalled 6.61 million last week, the second-highest on record, the Labor Department said.