Mortgage money plentiful for those with good credit (Seattle Times) There is no "mortgage meltdown'' and rates, even for jumbo loans, remain relatively low. But expect greater scrutiny when applying.read more...
Flush German Funds Move In Germany's open-ended real-estate funds are cash-rich and have been taking advantage of falling European property prices and rivals' squeamishness.read more...
Impac Mortgage cuts dividend Impac Mortgage Holdings Inc. said Sept. 27 that its board approved a cash dividend of 45 cents per share.read more...
Investors seeking recourse in mortgage meltdown filing lawsuits aimed at Wall Street firms (KATU Portland) Lawsuits blossomed after Enron Corp.'s collapse, many targeting the energy giant's bankers. Wall Street firms could again become the bull's-eye for investors seeking recourse from the subprime mortgage debacle.read more...
Canadian home sales on record pace in major markets (Reg Req'd) But sales slip 6.6% from a year ago Home sales in Calgary, Alberta, fell 9.8 percent in August from a year ago, while the average home price jumped 50 percent
Mortgage fraud leader Zwego sentenced (The Kansas City Star) A federal judge today sentenced the ringleader of a high-profile mortgage fraud scheme to 10 years in federal prison, and then added three more years for a probation violation.read more...
Ashford Hospitality Trust, Inc. today announced it sold the Ramada Inn Hyannis Regency in Hyannis, Massachusetts, to Sleepy Time, LLC, for $4.75 million in cash, and the Ramada Inn Warner Robins to Care …
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