Lake-Front Living in Lake Tracy Reserves
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Mortgage companies still pumping out upbeat advertising (The Monterey County Herald) The mortgage market may be in a historic upheaval, but mortgage companies continue to their upbeat advertisements. Countrywide Financial brags in its ads that "No one can do what Countrywide
Home Prices to Drop Further, But Recovery May Be Ahead It's too early to determine when the housing market will regain its momentum, but excess inventory has to be sold off before sales can pick up speed again, say researchers.
London Office of Sidley Austin Brown & Wood Closes 3 CMBs Transactions International law firm Sidley Austin Brown & Wood has, in the last few weeks, acted for the lead managers in three commercial mortgage backed securities or CMBS transactions.read more...
Consumer groups urge mortgage lenders to suspend foreclosures (KRON 4 Bay Area) A coalition of California consumer groups is urging six major mortgage lenders to suspend foreclosures on home loans for the next six months and find ways to keep borrowers at
Gas prices drive up demand for hybrids (Reg Req'd) As gasoline prices march steadily toward $3 a gallon, Lawrence Toyota is selling its most fuel-efficient car, the Prius, faster than the dealership can stock it.read more...