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Learn about how IndyMac Mortgage Services, a division of OneWest Bank, is helping customers experiencing financial hardship through the Home ...

Warren E. Buffett Comes to the Aid of a Big Canadian Mortgage Lender

It is the latest instance of Mr. Buffett entering into a financially fraught deal that most other lenders would avoid.

Mr. Buffett operates with advantages envied throughout the business world. His empire, and in particular its vast insurance operation, which includes Geico, generates enormous sums of cash, with $84 billion on its books as of March 31. Berkshire carries one of corporate America’s highest credit ratings. And Mr. Buffett favors moving quickly and decisively.

“Berkshire is the 800 number when there is really some panic in the markets and people really need significant capital,” Mr. Buffett declared at the 2013 annual shareholder meeting.

But in spite of his image as the world’s cuddliest capitalist, those in distress often learn firsthand just how ruthless a businessman Mr. Buffett can be. He prefers quick discussions and tends not to negotiate on price.

Mile by mile, Tewksbury's Route 38 finds new life (SLIDESHOW)

TEWKSBURY - It's been a long road, but improvements to Route 38 are finally falling into place.

Road upgrades are underway, along with residential and commercial projects, which promise to boost economic development.

Assistant Town Manager Steve Sadwick said over the past seven years, numerous projects along Route 38 were approved by the Planning Board. A number of these projects only recently got underway, some still have not begun, while others have been completed.

In 2009 and 2010 the Planning Board created five overlay districts, with the idea of attracting more business after the economic downturn.

"We were trying to get things up and running to act as a catalyst for development," Sadwick said. "The whole thought was we would use this overlay to kind of entice businesses and developers to take advantage of the additional uses and flexibility in the overlay districts. And if they did that, we were going to hold them to higher standards."

An 8,550-square-foot dental

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