National City gloomy on 3Q mortgage loss (bizjournals.com via Yahoo! Finance) National City Corp. told investors Monday the third-quarter loss it expects from its mortgage division is likely to hit the high end of its projected $130 million to $160
Mortgage REITs see more liquidity pressure: Fitch (Market Watch) BOSTON (MarketWatch) -- Mortgage real estate investment trusts that haven't yet succumbed to the credit storm are struggling to secure funding and are facing growing liquidity problems, Fitch Ratings said
GMAC loans ResCap mortgage unit $468 million (INO News) (AP:MINNEAPOLIS) Mortgage lender Residential Capital has already tapped much of a new $750 million line of credit offered by its parent GMAC. Bloomington-based ResCap has serious financial problems because it
Mortgage rates rise for fourth straight week (bizjournals.com via Yahoo! Finance) Long-term mortgage rates continue to rise, although they remain well below year-ago levels and are still hovering near 40-year lows.read more...
Cash in on the housing crunch Anytime an industry is crushed, as homebuilding has been in the past year, it stirs contrarian fever in some of us.Commentread more...
Finnish May building costs up 4.3 pct yr/yr According to a statement released by Statistics Finland Friday, construction costs in May rose by 4.3 per cent year-on-year, clearly exceeding the inflation rate.via
Top University of Connecticut officials admitted Thursday that the college’s $2.3 billion construction program has been plagued by inadequate fire and safety inspections and poor communication.
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