Industry News - REO News
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04-21-2010 - Morgan Stanley Investment Bank, Reaching Their Goals and Beyond
Morgan Stanley Investment Bank, Reaching Their Goals and Beyond.
 
04-19-2010 - U.S stocks waver in wake of Goldman Sachs Inc.
NEW YORK--U.S. stocks wavered as banking giant Citigroup Inc.'s better-than-anticipated results partially offset worries about the potential impact on the financial sector of civil fraud charges against Goldman Sachs Group Inc.
 
04-15-2010 - Renting Is Now The New American Dream.
The American dream of home ownership has turned out to be the American nightmare for those who could never really afford a home in the first place.
 
04-14-2010 - Morgan Stanley Real State Founds Takes a Huge Hit.
New York— The U.S investment bank Morgan Stanley has announced that its real state fund will probably suffer a $5.4 billion loss on bad bets mostly on the commercial property market.
 
04-13-2010 - Lehman Brothers Holdings Inc.: Not taking any risk.
Lehman Brothers were transferring all the risky investments to a side company that they operate allowing them to stay on balance.
 
04-08-2010 - Winning the mortgage modification lottery.
When Bank of America announced last week that it would begin cutting loan balances for distressed mortgage borrowers, it marked a sea change in the way lenders deal with seriously delinquent loans.
 
04-06-2010 - Foreclosure plague: It's spreading
The foreclosure plague rocked McAllen, Texas, during the third quarter. In fact, it showed the fastest growth rate of any city compared to the second quarter.
 
04-06-2010 - Is 5% mortgage still available?
There is still time for it, but just for a short period of time. The government will cease buying mortgage-related debt, which will result in higher interest rates.
 
03-30-2010 - Forest City Reports Fiscal 2009 Full-Year and Fourth-Quarter Results
Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced EBDT, net earnings and revenues for the fourth quarter and full year ended January 31, 2010. EBDT EBDT
 
03-29-2010 - Can you still apply for first-time homebuyer tax credit?
The first-time homebuyer tax credit has been extended and in order to still be eligible for the tax credit is to be in contract by April 30, 2010.
 
03-23-2010 - U.S. Home Sales Fall for Third Month in a row.
March 23, Homes sales in the U.S. fell in February for a third month in a row, indicating a lack of jobs is impeding government efforts to revive demand.
 
03-11-2010 - SunCal Secures Demolition Agreement for Oak Knoll
SunCal has announced that it has secured a signed agreement between the Lehman/SunCal bankruptcy trustee and the remediation firm CST Environmental Acquisition on a $3.7 million
 
03-10-2010 - LISC Elects Caffarelli, Belinfanti to Board
The Local Initiatives Support Corporation has named Kelly Caffarelli, president of The Home Depot Foundation, and Greg Belinfanti, partner with One Equity Partners, as the newest
 
03-04-2010 - Pending Sales On Existing Homes Have Dropped
In January, pending sales for previously owned homes have dropped unexpectedly. The extension of the tax credit is not sparking sales in the real estate market.
 
03-01-2010 - According to Buffet, Housing Market Will Recover In 2011
Warren Buffet predicts the real estate market will recover by 2011.
 
02-26-2010 - Existing Home Sales Drop
During the month of January, existing home sales unexpectedly dropped for the second month straight.
 
02-24-2010 - Freddie Mac Releases Fourth Quarter and Full-Year 2009 Financial Results
-- Summary Fourth quarter 2009 net loss was $6.5 billion. After the dividend payment of
 
02-18-2010 - Open Door Institute Brings Opportunity to REO Professionals
The Open Door Institute, a new resource network for real estate professionals who specialize in corporate-owned real estate management (REO), announced Thursday that it is now
 
02-08-2010 - Large Mortgage Defaults Increase
According to Fitch Ratings, large mortgage defaults are on the rise.
 
02-01-2010 - Polk Announces Corporate Headquarters Move
R. L. Polk & Co. today announced that it is planning to move its corporate headquarters to the Travelers Tower II building located at 26533 Evergreen
 
01-29-2010 - New Guidelines for Foreclosure Help
On Thursday, the Treasury Department announced new guidelines for Obama’s foreclosure prevention plan. The new guidelines include for all applicants to provide all paperwork before getting a trial modification.
 
01-28-2010 - Lenders Request Payment Long After Homeowners Default
Mortgage lenders are still requesting payments from homeowners whose homes went into foreclosure.
 
01-25-2010 - Existing Home Sales Drop
During the month of December, existing home sales dropped more than expected.
 
01-11-2010 - According To Thomas Hoening, The Feds Mortgage Program Should End In March
The President of the Federal Reserve Bank in Kansas City, Thomas Hoening, believes the Feds should end its purchases of motgage debt in March.
 
01-05-2010 - 4th Quarter 2009 Manhattan Residential Market Report - Prepared by Miller Samuel
The just-released Fourth Quarter 2009 Prudential Douglas Elliman Manhattan Market Overview reveals growing sales activity in the Manhattan Housing Market. Buyers, sellers and real estate professionals
 
12-17-2009 - Skanska Sells Major Office Complex in Warsaw, Poland
Skanska Property Poland, the Polish real estate development business of Skanska AB, today announced the sale of Marynarska Point, a two-building, 27,000-square-meter, Class A office complex
 
12-08-2009 - Forest City Reports Fiscal 2009 Third-Quarter and Year-to-Date Results
Forest City Enterprises, Inc. (NYSE: FCEA and FCEB), today announced EBDT, net earnings and revenues for the three and nine months ended October 31, 2009. EBDT Third-quarter EBDT
 
10-19-2009 - FTI Consulting Joins with Compass Advisers to Form EdgeRock Realty Advisors
FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced the formation of a
 
10-13-2009 - Omni Management Group Announces Opening of New York Office
Robert L. Berger, Managing Member and Founder of Omni Management Group, LLC, announced today the opening of their new office in Midtown Manhattan, located at 1120
 
10-06-2009 - Ontonix Warns of a Second Sub-Prime Type Bubble in U.S. Housing Market
The sub-prime related bubble in the housing sector which was the precursor of the recent global economic crisis, appears to have re-emerged, according to a recent
 
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