Builder's condo craze bet is unprecedented Driving down Miami's Brickell Avenue in his dark gray Mercedes-Benz S500 one recent morning, developer Jorge Perez did not like what he saw.via
ECC Feels Mortgage Squeeze Irvine-based subprime lender ECC Capital Corp. is feeling the squeeze from investors and competitors.via
Mori's Skyscraper Opens in China In a big bet on China's post-Olympics economy, Japanese developer Minoru Mori opened the country's tallest skyscraper in a challenging environment.read more...
Bank raises mortgage limits (Detroit News) NEW YORK -- At least one U.S. mortgage bank is making it easier to get cheaper mortgages for more expensive homes and others may soon follow, pumping more money into
Jefferies plans to expand mortgage trading team (AP via Yahoo! Finance) Jefferies Group Inc. plans to expand its trading, origination and selling of mortgage-backed securities, the investment bank said Tuesday.read more...
New Mortgage-Related Tax Breaks for 2007 (AP via Yahoo! Finance) In a year of bad mortgage news, there's a bright spot or two for homeowners: Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible.read
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