Hedge funds re-enter property market
Fewer opportunities in the stock market have prompted some hedge funds to bolster returns by making loans for commercial real estate such as office buildings.
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FBR Taking $38 Million Mortgage Loss (AP via Yahoo! Finance) Financial services firm Friedman, Billings, Ramsey Group Inc. said Friday it will take $38 million in losses in the fourth quarter related to subprime mortgage holdings.read more...
Mortgage costs up despite rate cut The average cost of servicing a mortgage rose slightly during August despite the interest rate cut, new figures have shown.read more...
NGC gives $250,000 THE NATIONAL GAS COMPANY, now celebrating its 30th anniversary, is taking a new step as a corporate citizen, in that "it is committed to providing Habitat for Humanity with the
Fed in tug of war over mortgage rules (CNN Money) The Federal Reserve is caught in a tug-of-war as it prepares on Monday to unveil final rules overhauling mortgage lending.read more...
Obama takes heat on mortgage deal (Daily Herald) Republicans pounced on reports of Barack Obama's bargain mortgage Wednesday as the Democratic presidential nominee's campaign maintained the deal was aboveboard.read more...
Bank of America to pay mortgage head more than CEO got in '07 (Reuters via Yahoo! News) Bank of America Corp agreed to pay David Sambol, COO of takeover target Countrywide Corp , more than its own CEO received in 2007 to encourage him to lead