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Carrington Mortgage Services Receives Ginnie Mae Approval Tuesday, July 19, 2011 @ 8:08AMSANTA ANA, Calif.--(BUSINESS WIRE)--Carrington Mortgage Services has received Ginnie Mae (GNMA) approval, allowing growing specialty finance firm to issue securities backed by FHA loans and increase market presence.
Wells Fargo Reports Record Quarterly Net Income of $3.9 Billion Tuesday, July 19, 2011 @ 7:00AMWells Fargo & Company :
Business Briefs Tuesday, July 19, 2011 @ 6:41AMHawaii home loan fees 10th highest in U.S. • Cisco to lay off 6,500 employees in August • IBM raises guidance after strong earnings • U.S. hiring to rise, growth slow, poll shows • And more
Comerica Reports Second Quarter 2011 Net Income of $96 Million Tuesday, July 19, 2011 @ 5:45AMComerica Incorporated today reported second quarter 2011 net income of $96 million, a decrease of $7 million compared to $103 million for the first quarter 2011, primarily due to the impact of a federal income tax settlement.
Romney fund-raiser lobbied for foreclosure firm Tuesday, July 19, 2011 @ 2:30AMMitt Romney has spent time on the campaign trail railing against high foreclosure rates, traveling earlier this year to one of the country’s foreclosure capitals, North Las Vegas, to bring the point home.
Financing increasingly available Friday, July 15, 2011 @ 8:46PMTo consumers, it may seem that getting a loan these days is a difficult process, but banks say that they've got money available - be it for a new car, a house or a small business.
$27M in Financing Fixes Former Adjustable Loans Friday, July 15, 2011 @ 5:52AMThe deal was put into place by the Small Loan Group of Centerline that specializes in providing Fannie Mae small loan financing on stabilized multi-family and mobile home communities nationwide.
Gary Shilling's Seven Faces Of Deflation Friday, July 15, 2011 @ 5:00AMThe two-year upswing in commodity prices led many to fear a return to significant inflation that would engulf the overall economy. Most commodity prices, however, peaked earlier this year--copper and sugar prices topped out in February, cotton followed suit in March. Silver prices started their collapse in early May, as did crude oil.
Annaly Capital Management Releases Market Commentary for the Second Quarter 2011 Thursday, July 14, 2011 @ 12:40PMAnnaly Capital Management, Inc. (NYSE: NLY) released its second quarter 2011 market commentary providing a review of the economy and the residential ...
JPMorgan, Citigroup Revenue Struggle Draws Analysts’ Focus Wednesday, July 13, 2011 @ 11:18AMJPMorgan Chase & Co. and Citigroup Inc., which report earnings this week, are under pressure to show that banks can increase revenue as the U.S. economic recovery sputters.
Wichford PLC - Offer by Wichford P.L.C. Wednesday, July 13, 2011 @ 10:00AMWichford PLC - Offer by Wichford P.L.C.
Rhode Island’s affordable housing crunch Tuesday, July 12, 2011 @ 9:54AMPROVIDENCE - Cuts in the state's affordable housing programs will impact Rhode Island for years to come, housing advocates say.
The Grossman Companies Closes $3M Offering for Braintree Executive Park - cbl Wednesday, July 6, 2011 @ 9:28PMBy Bill Murphy QUINCY, Mass. -- The Grossman Companies Inc. has closed a $3 million commercial real ...
More problems for Orono investor Wednesday, July 6, 2011 @ 9:15PMWith his Orono vacation home already in foreclosure, Duane Lund now has put a Texas apartment complex in bankruptcy.
Mortgage fraud case touches Tampa law firm Wednesday, July 6, 2011 @ 9:13PMPrestigious Tampa law firm Holland & Knight drafted a key document used in a $6.9 million mortgage fraud scheme, and at least two support-staff employees participated in the fraud, according to court records and interviews.
U.S. CMBS Delinquency Rate Plummets in June Marking First Consecutive Month Drop Since Credit Crisis Began in 2008 Wednesday, July 6, 2011 @ 12:09PMNEW YORK--(BUSINESS WIRE)--Trepp reports that the U.S. CMBS delinquency rate fell significantly in June with the percentage of loans 30+ days delinquent, in foreclosure or REO declining 23 basis points to 9.37%.
TNP Strategic Retail Trust Acquires the Debt Secured by Constitution Trail Centre in Normal, Illinois Tuesday, July 5, 2011 @ 2:52PMTNP Strategic Retail Trust, Inc. , a public non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties and other real estate-related assets, announced today the acquisition of the debt secured by Constitution Trail Centre, a 197,739 square foot multitenant retail center built in 2007 and located in Normal, a suburb of Bloomington in the heart of ...
Secrets to getting a mortgage with so-so credit Tuesday, July 5, 2011 @ 1:40PMGetting a mortgage can be tough these days -- even people with near-perfect credit have been rejected for loans. But for some lucky borrowers, things aren't as bad as the doom-and-gloom crowd says.
EnerCom, Inc. To Host The Oil & Gas Conference® 16 August 14-18, 2011 Tuesday, July 5, 2011 @ 11:39AMEnerCom, Inc. will host The Oil & Gas ConferenceÂ® 16 at the Westin Denver Downtown on August 14-18, 2011 in Denver. Â The Conference is the oldest and largest energy investment conference hosted in Denver, showcasing more than 100 presenting companies over four days with a combined enterprise value of approximately $1.5 trillion.
Crawford Park Financial, Inc. Completes Multi-Family Apartment Purchase to Complement Healthy Trust Deed Investment ... Tuesday, July 5, 2011 @ 10:06AMLOS ANGELES--(BUSINESS WIRE)--Apartment Purchases and Hard Money Loans in California are the best Investment Opportunities for today's Real Estate Market.
The Zacks Analyst Blog Highlights: Bank of America, Wells Fargo & Company, The Goldman Sachs Group, Credit Suisse ... Tuesday, July 5, 2011 @ 8:30AMZacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Colony Financial Announces Second Quarter Transaction Activity Totaling $170 Million Tuesday, July 5, 2011 @ 7:56AMColony Financial, Inc. (the "Company) (NYSE: CLNY) today announced that it closed five new transactions totaling approximately $170 million of equity ...
Kendall Yards suit settled - Tue, 05 Jul 2011 PST Tuesday, July 5, 2011 @ 2:31AMA legal fight over an $8 million pollution cleanup at the Kendall Yards housing development near downtown Spokane has been settled. The lawsuit didn’t threaten current homebuilding on the 77-acre site along the north bank of the Spokane River. Rather, it was a dispute involving a company run by Marshall Chesrown that paid for some of the cleanup work several years ago, the Union Pacific Railroad ...
07/03 - Real estate transactions Saturday, July 2, 2011 @ 11:02PMReal estate transactions for July 3
Deal still haunts Bank of America 3 years later Saturday, July 2, 2011 @ 10:52PMShortly before buying Countrywide Financial three years ago for $2.5 billion, Bank of America chief executive Ken Lewis admitted there was risk in the deal. But he added: "We are not paying $22 billion either." Turns out it was a lot more.
5 big events that will surprise investors Friday, July 1, 2011 @ 11:24AMNo one should have been surprised by the Greek debt debacle, and yet the market reacted as if it was. We know what the next Greece might be, and when it happens, all we'll say is 'I told you so.'
Helicopter Money Friday, July 1, 2011 @ 1:59AMA great deal can be learned about the government’s response to this crisis, as well as the mistaken policies that necessitated it, by analyzing a speech delivered by Ben Bernanke on 21 November 2002. At that time, Bernanke was a Governor of the Federal Reserve.
Fannie Mae- Taylor Bean, BofA, HSBC, Ebix, BJ’s in Court News Thursday, June 30, 2011 @ 11:29PMThe first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else, Bloomberg News’ Tom Schoenberg reports.
3 Big Mortgage Insurers At Risk Thursday, June 30, 2011 @ 3:51PMThe private insurers who cover $700 billion of U.S. mortgages are facing an onslaught of foreclosures.
PREIT Amends and Extends its $490 Million Credit Facility, Refinances Two Properties Thursday, June 30, 2011 @ 3:46PMPHILADELPHIA--(BUSINESS WIRE)--Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that it has amended and extended its 2010 Credit Facility (the “Facility”) with its bank group, led by Wells Fargo Bank, and refinanced the mortgage loans on two power center properties. The amendment increases the revolving portion of the Facility by $100 million, reduces the current applicable ...
Despite fears, owning home retains allure, poll shows Thursday, June 30, 2011 @ 1:39PMAbout nine in 10 Americans see owning a home as part of the American dream, even as many doubt their home is a good investment, according to the latest New York Times/CBS News poll.
Moynihan opts to ‘rip off Band-Aid’ from BofA loan wound Thursday, June 30, 2011 @ 11:08AMNEW YORK - Bank of America Corp. is settling for a bigger loss on defective mortgages than CEO Brian T. Moynihan had forecast in January as he seeks to distance the firm from housing bets and reverse a stock decline.
The Zacks Analyst Blog Highlights: Bank of America, BlackRock, MetLife, Assured Guaranty and JPMorgan Chase Thursday, June 30, 2011 @ 8:30AMZacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Former INBS worker sues for unfair dismissal Thursday, June 30, 2011 @ 7:13AMA former branch manager of Irish Nationwide Building Society is suing the company for unfair dismissal.
Carver Bancorp, Inc. Reports Fiscal Year 2011 and Fourth Quarter Results Thursday, June 30, 2011 @ 7:00AMNEW YORK -- Carver Bancorp, Inc. , the holding company for Carver Federal Savings Bank , today announced financial results for its fiscal year ended March 31, 2011 and fourth quarter of fiscal year ended March 31, 2011 .
EANS-News: Hypoport AG / Dr. Klein & Co. AG: Insurance companies expanding their lending business Thursday, June 30, 2011 @ 4:39AMCorporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. Company Information/lending business Subtitle: Insurance industry now ...
Bank of America's 2-Cents-on-Dollar Mortgage Offer Faces Court Hurdle Thursday, June 30, 2011 @ 1:07AMThe $8.5 billion settlement may hinge on whether a judge agrees that the world's largest bond buyers struck a generous-enough deal for all investors
Florida men are accused Wednesday, June 29, 2011 @ 11:57PMTwo Florida men were charged with operating a $14 million Ponzi scheme that solicited money for real estate investments from area investors, including from Niles, Girard, Youngstown and Boardman. Edward A.
PMI Swaps Signal Mortgage Insurer May Default: Corporate Finance Wednesday, June 29, 2011 @ 2:39AMPMI Group Inc., the third-largest guarantor of U.S. home loans, may be headed toward default following four years of losses, trading in credit derivatives shows.
Anchor BanCorp Wisconsin Inc. Announces Fourth Quarter & Fiscal Year Results Tuesday, June 28, 2011 @ 4:00PMMADISON, Wis. -- Anchor BanCorp Wisconsin Inc. today announced a net loss available to common equity of $21.7 million, or $1.02 per common share, for the three months ended March 31, 2011.
EnerCom, Inc. to Host The Oil & Gas Conference® 16 August 14-18, 2011 Tuesday, June 28, 2011 @ 2:44PMEnerCom, Inc. will host The Oil & Gas ConferenceÂ® 16 at the Westin Tabor Center on August 14-18, 2011 in Denver. Â The Conference is the oldest and largest energy investment conference hosted in Denver, showcasing more than 100 presenting companies over four days with a combined enterprise value of approximately $1.5 trillion.
Mortgage Backed Securities: Snake Oil or Scapegoats? Tuesday, June 28, 2011 @ 10:34AMThere are additional factors that contributed to today's financial mess in commercial real estate, s
Bank of America, Cuyahoga County Land Bank Launch Partnership to Address Abandoned Homes Tuesday, June 28, 2011 @ 10:17AMCLEVELAND--(BUSINESS WIRE)--Bank of America has entered an agreement with the Cuyahoga County Land Reutilization Corporation (Cuyahoga Land Bank) to help alleviate the impact of vacant properties on surrounding neighborhoods and the community at large. The bank will donate up to 100 vacant foreclosed properties to the Land Bank for reuse, redevelopment and neighborhood revitalization, reducing ...
HQ Global Workplaces Leases 21,285 SF in Paradise Village Office Park in Phoenix Tuesday, June 28, 2011 @ 9:30AMPHOENIX, AZ--(Marketwire - Jun 28, 2011) - Lincoln Property Company and Sterling American Property, Inc. announced that HQ Global Workplaces, Inc. has leased 21,285 square feet in Paradise Village Office Park, a 268,598-square-foot Class A office building located at 11811 N. Tatum Blvd. in Phoenix, Arizona. Paradise Village Office Park is owned as a joint venture by Lincoln Property Company and ...
Mortgage Stocks See Small Bounce On Analyst Comments Monday, June 27, 2011 @ 11:07AMJMP is bullish on American Capital on the basis of valuation and a favorable low interest rate environment.
Tembusu Investments - Final Results Monday, June 27, 2011 @ 1:04AMTembusu Investments - Final Results
Executive Q&A: Mortgage CEO focuses on ‘precious present’ Friday, June 24, 2011 @ 8:46PMSteve Jacobson traces the philosophy that guides his business to this day, after 28 years in the mortgage-finance industry, to his time playing college basketball at UW-Madison.
Vornado Acquires Junior Debt on Gluck’s Lower Manhattan Apartment Complex Friday, June 24, 2011 @ 11:07AMVornado Realty Trust (VNO) bought junior debt on Independence Plaza, a lower Manhattan apartment complex whose owners are seeking to restructure its senior mortgage.
What turns a tax perk into a lurk Friday, June 24, 2011 @ 9:18AMTax-minimisation schemes are as unpopular as ever with the ATO, writes John Kavanagh.
Nigeria: Making Housing Fund Contribution National Agenda Friday, June 24, 2011 @ 8:11AMThe availability of decent housing in any society can help check vices such as lack of security and poor health. SAMSON ECHENIM writes that the time to inject life into the National Housing Fund scheme is now, to effectively bridge the wide gap the lack of adequate housing in Nigeria has created.