Mortgages and Loans help
“It tells me that developers are slowing down their construction but getting their entitlements ready for when the market comes back. The guys that are larger tend to slow down the construction and focus on long-term planning.”
Just a few years ago, Fontana was in the top 10 fastest-growing cities in the nation. via San Bernardino Co. Sun
I’ve been on vacation and had a chance to travel around the West. In many of the places I visited, concerns about a real estate crisis are growing. via Seattle Post-Intelligencer
Police were investigating a triple shooting Tuesday afternoon at East 57th Street and Wabash Avenue. via KCTV5
“They were a very good set of results, especially in the corporate and investment bank”
The euro zone’s second-biggest bank by market capitalization said net profit rose to 2.28 billion euros , with earnings also boosted by growth in its asset management and French retail banking divisions as well … via Earth Times
Mortgage lenders are scrapping exit charges, levied when a loan is paid off, after pressure from watchdogs.
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Jordan Kahn submits: The liquidity problems emanating from the mortgage market appears to have taken another victim on Tuesday. American Home Mortgage said that the liquidity crunch it is experiencing has made it so that it can no longer fund home loans, and it may have to liquidate assets.
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A federal judge has dismissed a proposed class action lawsuit filed by homeowners who cast doubt on the legitimacy of the nation’s leading mortgage registration firm to represent lenders in foreclosures.
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“At this point, I’d call it a relief rally”
Wall Street found a foothold Monday as investors, still anxious that a credit crunch could crimp U.S. growth, took advantage of low prices after last week’s steep losses. via Houston Chronicle
Shares of most mortgage lenders sank Tuesday after a major lender said it is out of cash. American Home Mortgage Investment Corp. said during trading hours Tuesday its financial backers have cut the company off from borrowing more money.
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Shares of mortgage real estate investment trusts plummeted Tuesday after American Home Mortgage Investment Corp. said the beleaguered mortgage lender hired advisers to review its options, including a sale of its assets.
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