Bank cash plan ‘not mortgage aid’ (BBC News)
A £50bn loan plan for UK banks was not designed to “kick-start” the mortgage market, the Bank of England head says.
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Wells Fargo opens Concord mortgage center (bizjournals.com via Yahoo! Finance) Wells Fargo & Co. has opened a mortgage fulfillment center in Concord.read more...
Mall-Owner General Growth Discloses Concession to Lenders The Chicago-based owner of more than 200 malls has refinanced its debt, making some analysts to think that the company's position with lenders has weakened.read more...
Las Vegas ranked top warehouse/distribution market ProLogis, a national provider of distribution facilities, recently ranked Las Vegas as 14th hottest bulk warehouse/distribution market in the country.read more...
FDIC Updates Emerging Issues In Banking Despite five-year growth, in which housing prices have risen almost 50 percent, surpassing any increase in the last 25 years, most U.S. cities have demonstrated fairly stable home price trends
Are Extended-Length Mortgages Good or Bad for Borrowers? Banks offer another choice for the cash-strapped home buyer: take out a home loan and pay it back about half a century from now.read more...
PNC to Acquire ARCS Commercial Mortgage (Multi-Housing News) MAY 09, 2007 -- Pittsburgh -- The PNC Financial Services Group Inc., a diversified financial services organization providing real estate financing and asset-based lending, has signed a definitive agreement to