Dismal Outlook for Mall Owners
If you thought shopping malls were a nightmare in the run-up to the holidays, just try owning one now that there is nothing left to do but take down the tinsel.
Filed under: Moving Service |
Hypo Real Estate Faces Probe
German prosecutors said Saturday they have launched several investigations into suspected insider trading at troubled lender Hypo Real Estate Holding AG.
Filed under: Moving Service |
U.S. puts up $6 billion to support auto lender GMAC (Reuters)
Reuters - The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying $5 billion in equity in auto and mortgage finance company GMAC and increasing a loan to General Motors by $1 billion.
Filed under: Moving Service |
HUD approves $28 million in Fla. foreclosure help (AP)
AP - A federal agency is giving more than $28 million dollars to three Florida communities that have been slammed by high foreclosures and dropping home values.
Filed under: Moving Service |
How one family’s mortgage is linked to meltdown (Reuters)
Reuters - Cynthia Goldrick’s daughter is in and out of the hospital for brain surgery, her mother has Stage 4 lung cancer and her father has moved into a home for the elderly.
Filed under: Moving Service |
JC Flowers and others close to IndyMac deal: source (Reuters)
Reuters - A consortium of private equity and hedge fund firms, including J.C. Flowers & Co, is close to a deal to buy the assets of failed mortgage lender IndyMac, a source familiar with the matter said on Sunday.
Filed under: Moving Service |
Prosecutors probe insider trading at Germany’s HRE (AP)
AP - German prosecutors said Saturday they have launched several investigations into suspected insider trading at troubled lender Hypo Real Estate Holding AG.
Filed under: Moving Service |
Advice for renters if landlord faces foreclosure (AP)
AP - You’re paying your bills, but your landlord isn’t. And you’re the one holding the eviction notice.
Filed under: Moving Service |
REIT Moves Rub Executives Wrong Way
Volatility in the stocks of real-estate companies are angering CEOs, who are blaming a popular trading strategy involving leveraged funds.
Filed under: Moving Service |
Mortgage rates fall to new record low (AP)
AP - Rates on 30-year fixed-rate mortgages fell to a record low for the second straight week, causing refinancing applications to surge to the highest level in more than five years, a month after the Federal Reserve pledged to channel billions to prop up the sinking U.S. housing market.
Filed under: Moving Service |