News and Press Releases
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Commercial delinquency lower than other mortgages
(AP)
Tue, 09 Mar 2010 19:41:53 GMT AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday. Glincher Realty alters credit facility terms (AP) Mon, 08 Mar 2010 23:40:22 GMT AP - Real estate investment trust Glimcher Realty Trust said Monday it has extended and changed its agreement for its $470 million unsecured credit facility with its lenders, including KeyBank National Association and Bank of America NA. More work ahead on housing market: Treasury (Reuters) Mon, 08 Mar 2010 20:03:13 GMT Reuters - The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday. Treasury restates support for Fannie, Freddie (AP) Fri, 05 Mar 2010 21:51:40 GMT AP - The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal government. Lawmaker is working to improve loan modifications (AP) Fri, 05 Mar 2010 19:23:45 GMT AP - A key lawmaker is working with banks, regulators and the Obama administration on a new way to boost the government's struggling foreclosure prevention effort by encouraging banks to reduce the total amount borrowers owe. Payrolls data buoy job creation hopes (Reuters) Fri, 05 Mar 2010 21:46:03 GMT Reuters - U.S. employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 percent, bolstering views the economy was on the brink of creating jobs. Foreclosures Down The Road May Offer Investors Better Deals (Investor's Business Daily) Thu, 04 Mar 2010 23:06:00 GMT Investor's Business Daily - Housing markets rife with foreclosures can still present great deals for investors, but also stiff competition and pitfalls for the inexperienced. Mortgage rates fall below 5 percent (AP) Thu, 04 Mar 2010 22:39:26 GMT AP - Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out. California GOP U.S. Senate race focusing on . . . Israel? (McClatchy Newspapers) Thu, 04 Mar 2010 20:17:00 GMT McClatchy Newspapers - WASHINGTON — California is broke, its 12.1 percent unemployment rate is among the highest in the nation, housing prices have plunged, home foreclosures have skyrocketed and a drought is threatening the state's dwindling water supply. There also are plenty of other issues for would-be U.S. senators to debate, including the battered economy and a massive effort to overhaul the nation's health care system. |
AIG units settle mortgage discrimination case
(Reuters)
Thu, 04 Mar 2010 19:59:57 GMT Reuters - Two AIG units settled federal charges that they discriminated against black home buyers on fees for mortgages and will pay $7.1 million for restitution and education efforts, the U.S. Justice Department said on Thursday. Trustee sues ex-Thornburg Mortgage execs for theft (Reuters) Thu, 04 Mar 2010 19:51:58 GMT Reuters - Four top executives of Thornburg Mortgage improperly paid themselves handsome bonuses just before the mortgage lender filed for bankruptcy last year, and stole money and ideas from Thornburg to secretly launch a new firm, the bankruptcy trustee in charge of liquidating the lender alleged in a lawsuit. KB Home says Burkle won't run for new board term (AP) Thu, 04 Mar 2010 19:13:48 GMT AP - Homebuilder KB Home said Thursday that billionaire investor Ron Burkle will not stand for re-election to the company's board at its next annual meeting. The Future of Home-Price Appreciation (U.S. News & World Report) Thu, 04 Mar 2010 16:18:36 GMT U.S. News & World Report - After its historic decline brought the global economy to its knees, the U.S. housing market is gearing up for a long-awaited recovery. Real estate experts expect home prices to hit bottom in late 2010 or early 2011 before--finally!--heading north again. But what shape will the rebound take? Are we in for another boom? Or will we have to settle for sluggish growth? Here's the outlook for home price appreciation through 2020. Pending home sales fall 7.6 pct. in Jan (AP) Thu, 04 Mar 2010 16:10:26 GMT
Pending home sales unexpectedly plunge (Reuters) Thu, 04 Mar 2010 15:06:49 GMT
S&P, Fitch lift Masco ratings outlook to "stable" (AP) Wed, 03 Mar 2010 22:39:23 GMT AP - The ratings outlook for building products manufacturer Masco Corp. was lifted Wednesday to "Stable" from "Negative" by both Fitch and Standard & Poor's analysts, a reflection of an improving housing market. Hovnanian CEO: Glut of unsold homes easing (AP) Wed, 03 Mar 2010 21:11:38 GMT AP - The CEO of Hovnanian Enterprises Inc. said a modest surge in foreclosures this year wouldn't have a devastating effect on the homebuilder's sales. Freddie Mac prices $5.5 billion in 3-year notes (AP) Wed, 03 Mar 2010 19:15:58 GMT AP - Government-owned mortgage finance company Freddie Mac on Wednesday priced $5.5 billion in three-year reference notes. Fed's Rosengren: Low interest rates appropriate now (Reuters) Wed, 03 Mar 2010 14:36:05 GMT Reuters - Low U.S. interest rates were not the sole cause of the housing bubble, a top Federal Reserve official said on Wednesday, adding that ultra-low interest rates are appropriate now. FDIC seen stepping up sales of failed bank assets (Reuters) Tue, 02 Mar 2010 19:04:02 GMT Reuters - The U.S. Federal Deposit Insurance Corp is expected to offer $3.8 billion of guaranteed securitizations backed by the residential mortgage assets of failed banks, market sources said on Tuesday. |
