The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million...Read More
Kennedy Funding, a New Jersey lender to cash-strapped real-estate developers, has plenty of experience going after debtors who fall behind on their payments. But now it's Kennedy's turn to get squeezed....Read More
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand....Read More
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents....Read More
Lehman Brothers used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found...Read More
"The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) and Morgan Keegan & Company, a regional investment firm in Memphis, Tennessee, today announced that they have entered into an agreement under which Morgan Keegan will begin marketing Farmer Mac programs designed specifically for Morgan Keegan's commercial banking clien...Read More
"A Congressional panel, in a report to be released Thursday, questioned the need for the Treasury Department’s $17.2 billion bailout of GMAC as the company dealt with the collapsing mortgage market in 2008 and 2009....Read More
"Federal Deposit Insurance Corporation Chairman Sheila Bair came close to the third rail of tax policies Monday, citing the federal tax deduction for mortgage interest as one of the causes of the nation’s banking crisis....Read More
``Who in the world that qualifies for a refinance (guidelines and equity ain’t changin’ any time soon) will be at a rate high enough to be in need of a 6.25% 30 year fixed. The answer is nobody.'...Read More
" Senate negotiators are closing in on a deal to create a $50 billion trust fund from fees on large financial firms that may include Goldman Sachs Group Inc. and Citigroup Inc. and be used to wind down failing institutions, said a Senate aide and two people familiar with the talks....Read More
"Bank of America has filed a $40-million foreclosure lawsuit on a 225-unit River North condominium project in what could be a preview for other slow-selling downtown high-rises....Read More
" Just days after details of the Treasury’s streamlined short sale program were revealed, several leading appraiser groups have criticized the proposal....Read More
"Sixteen months after they were seized to prevent their collapse, the companies remain wards of the state, running a tab that has now exceeded $125 billion in what has become the single costliest component of the federal bailout for the financial system....Read More
"Apartment vacancies in the U.S., which reached a record high of 7.4 percent in 2009, will fall this year as job losses stabilize and fewer new rental homes enter the market, CB Richard Ellis Group Inc. said....Read More
" In China, mothers have a great influence on who their daughters marry. Usually, mothers prefer their daughters marry men who can afford a house before marriage....Read More
This map shows the location and intensity of precipitation in your area. The color of the precipitation corresponds to the rate at which it is falling. This map is updated every 15 minutes...Read More