Fannie and Freddie are demanding higher returns from lenders in exchange for buying loans that help finance rental-apartment buildings, as the two mortgage-finance giants expand in the sector.
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Centro Properties Group posted a net loss of $1.77 billion for the fiscal year ended June 30, reflecting a decline in property values and investments.
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Wall-to-wall windows have become a signature of chic urban living, from Minneapolis to Miami. But some residents say the reality can be less glamorous.
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John Paulson cuts the price on his Hamptons home; Manhattan's Spence School buys a townhouse; NBA's Ray Allen trims the price of his Washington home, while a few miles away MLB's Jay Buhner lists his house.
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New York real-estate investor Adam Hochfelder has been arrested for allegedly “stealing more than $17 million from a panoply of banks and individuals.”
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Reuters - Lehman Brothers Holdings Inc.
has settled on a structure that will allow it to offload
billions of dollars in real-estate loans from its books,
according to the on-line edition of the Wall Street Journal.
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AFP - Shareholders in French investment bank Natixis on Friday approved a planned 3.7 billion euros (5.44 billion dollars) capital increase to repair the damage caused by the US subprime home loan crisis.
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AP - With gas prices high, bicycles flying out of stores and a buyers’ market for houses, a handful of real estate agents around the country are touting the two-wheeled appeal of their listings.
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BusinessWeek Online - The stock prices of mortgage giants Fannie Mae and Freddie Mac have cratered. The bottom of the worst housing slump since the Great Depression hasn’t been reached. Fears of inflation are mounting.
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AFP - British mortgage lender Bradford & Bingley said on Friday that it had endured a net loss of 17.2 million pounds (21.3 million euros, 31.4 million dollars) in the first half of 2008.
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