Industry News - Subprime Lending News
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04-21-2010 - Pure Industrial Real Estate Trust Announces Cash Distribution for April 2010
/ Pure Industrial Real Estate Trust ("PIRET") (TSXV: AAR.UN) today announced that its Board of Trustees has approved a cash distribution of $0.025 per trust unit
 
04-16-2010 - Pure Industrial Real Estate Trust Announces Agreement to Acquire 3 Industrial Properties
-------------------------- Certain information in this press release contains forward-looking information within the meaning of applicable securities laws (also known as forward-looking statements) including, among others, statements made
 
04-16-2010 - Atherton Market at Atherton Mill Brings Local Flavor to Uptown Charlotte
Charlotte residents will soon have a new venue for fresh local food, produce and other goods with the opening of Atherton Market on Saturday, May 15,
 
04-14-2010 - Cassidy Turley Reports Office Market Nearing Stabilization as Economy Improves
The latest data for the first quarter of 2010 shows that demand for U.S. office space continues to improve, according to Cassidy Turley, one of the
 
04-13-2010 - Winning the mortgage modification lottery.
NEW YORK (CNNMoney.com) -- 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.
 
04-13-2010 - Trenholm Plaza Welcomes New Retailers: Forest Acres Shopping Center Nears Completion of Renovation
Edens & Avant has announced the recent additions of several new retailers that join the existing mix of boutique, health and lifestyle offerings available at Trenholm
 
04-07-2010 - Goldman Sachs Group Inc. “We Didn’t Bet Against Mortgage Clients”.
The strongest and most profitable securities firm in Wall Street history, denied it bet against their clients in the mortgage market, adding “we are grateful for the assistance that the federal government gave in the credit crisis.
 
03-23-2010 - Forclosure Affecting Your Credit
Homeowners face painful personal circumstances, but also they must consider all choices that have to take in both tax and credit implications. Many professionals explain taxation issues, but they dont seem to explain much about credit consequences -- other than that they are bad.
 
03-16-2010 - Pure Industrial Real Estate Trust Announces Release of Fiscal 2009 Financial Results, Schedules Conference Call and Announces Cash Distribution for March 2010
----------------------------------------------- PIRET is an unincorporated, open-ended investment trust established for the purposes of acquiring, owning and operating a diversified portfolio of income-producing industrial properties in primary markets
 
02-22-2010 - SLCG Releases Report Entitled 'Auction Rate Securities'
Securities Litigation and Consulting Group, Inc. ("SLCG") this morning released a research report entitled "Auction Rate Securities." The report's primary authors are Craig McCann, Edward
 
02-15-2010 - Fannie Mae Approves PMI Mortgage Assurance Co. as an Eligible Mortgage Insurer
The PMI Group, Inc.'s (NYSE: PMI) principal operating subsidiary, PMI Mortgage Insurance Co. (MIC), today announced that Fannie Mae has approved PMI Mortgage Assurance Co. ("PMAC")
 
02-15-2010 - PMI Mortgage Insurance Co. Announces Waiver Granted by the Arizona Department of Insurance
The PMI Group, Inc.'s (NYSE: PMI) principal operating subsidiary, PMI Mortgage Insurance Co. (MIC), today announced that the Arizona Department of Insurance (the "Department"), its primary
 
02-11-2010 - Edens & Avant Develops Publix-Anchored Hendrix Crossing
Construction has begun at Hendrix Crossing, a 61,725 square-foot neighborhood center being developed in Lexington, SC, by Edens & Avant, one of the nation's leading retail
 
02-10-2010 - Freddie Mac To Purchase Substantial Number of Seriously Delinquent Loans From PC Securities
Freddie Mac (NYSE: FRE) announced today that it will purchase substantially all 120 days or more delinquent mortgage loans from the company's related fixed-rate and adjustable-rate
 
02-10-2010 - Sturgis Bancorp Reports Earnings for 2009
Sturgis Bancorp, Inc. (OTC Bulletin Board: STBI) announced earnings of $915,000 for 2009, and a loss of $199,000 for the fourth quarter of 2009. The
 
02-01-2010 - Sales Volume, Price up in 2009-Q4 According to Texas Quarterly Housing Report
According to data provided by the Real Estate Center at Texas A&M University, Texas' housing market saw increases in sales volume and price in the fourth
 
01-29-2010 - Industry Leader Karl Lee Takes Helm of Santa Clara County Association of REALTORS(R)
The Santa Clara County Association of REALTORS® proudly announces Karl Lee, a highly visible industry leader in community issues and in organized real estate, to be
 
01-29-2010 - Forest City Closes New $500 Million Revolving Credit Facility
Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that it has closed a new, two-year, $500 million revolving credit facility with its 15-member bank
 
01-28-2010 - Federal Home Loan Bank of Atlanta to Award $6.5 Million for Affordable Housing in Alabama
-- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $6.5 million to fund 11 affordable housing developments in Alabama. The
 
01-27-2010 - Freddie Mac Monthly Volume Summary: December 2009
The following is being issued by Freddie Mac (NYSE: FRE): December 2009 Highlights: The total mortgage portfolio increased at an annualized rate of
 
01-26-2010 - MGIC Investment Corporation Reports Fourth Quarter 2009 Results
MGIC Investment Corporation (NYSE: MTG) today reported a net loss for the quarter ended December 31, 2009 of $280.1 million, compared with a net loss of
 
01-19-2010 - National 30-Year Fixed Mortgage Rate Remains Below 5.00% for Second Straight Week
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased five basis points last week to 4.94 percent, down from
 
01-18-2010 - Ministry and Banks Ought to Be Acknowledge as Primary Mortgage Lenders
The banking sector stumulus became a stratgic work plan for the Prime Minister and the govenments full economic team.
 
01-12-2010 - National Thirty-Year Fixed Mortgage Rate Falls Back Under 5.00%
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased six basis points last week to 4.99 percent, down from
 
01-05-2010 - National Thirty-Year Fixed Mortgage Rate Rises for Fourth Consecutive Week Following Two Months of Rate Declines
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased twelve basis points last week to 5.05 percent, up from
 
01-04-2010 - Record Mortgage-Related Failures in 2009
More than 200 mortgage-related firms ended operations or failed last year higher than any year since MortgageDaily.com began tracking the data. During 2009, the closings of 225
 
12-29-2009 - National Thirty-Year Fixed Mortgage Rate Surges to Near 5.0%; Loan Request Mix Heavily Favors Purchase Loans
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased sixteen basis points last week to 4.93 percent, up from
 
12-23-2009 - Freddie Mac Monthly Volume Summary: November 2009
The following is being issued by Freddie Mac (NYSE: FRE): November 2009 Highlights: The total mortgage portfolio decreased at an annualized rate of
 
12-22-2009 - Thirty-Year Fixed Mortgage Rate Rises For Third Consecutive Week; Some State Rates Near 5.00%
The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased five basis points last week to 4.77 percent, up from
 
12-21-2009 - GreenPath Debt Solutions Sees 58% Increase In NYC Clients and 52% Increase in NY State Clients With Past Due Mortgages in 2009 Versus 2008
GreenPath Debt Solutions, a nonprofit consumer credit counseling service with seven offices in the greater New York City area, recently released mortgage delinquency data regarding its
 
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