Real Estate News - Area Appraisal Services, Inc.

3/10/2010 9:13 AM

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

Fortis Sues Lender Kennedy in Debt Case

3/11/2010 8:42 AM

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

European REIT Rollout at Hand

3/10/2010 8:58 AM

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

General Growth Debt Bet Pays Off

3/10/2010 9:03 AM

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

Marriott Expands in Europe

3/9/2010 7:10 AM

Forty thousand more hotel rooms on the Continent would have Marriott brand names in the next few years under the company's plan...Read More

Other News:

Lehman Insolvent Weeks Before Bankruptcy: Examiner

3/11/2010 4:19 PM

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

Citigroup Sees Return to Sustained Profitability: Pandit

3/11/2010 4:19 PM

Other News:

Morgan Keegan to Offer Farmer Mac Programs to Commercial Banking Clients

3/10/2010 6:00 PM

"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

TARP Panel Finds Fault With GMAC Bailouts

3/10/2010 6:00 PM

"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

FDIC Chairman Questions Mortgage Interest Tax Deduction

3/10/2010 6:00 PM

"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

The Death of Mortgage Refinance Looms

3/10/2010 6:00 PM

``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 Said to Weigh $50 Billion Fund to Wind Down Failed Firms

3/10/2010 6:00 PM

" 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

Foreclosure suit tarnishes Silver Tower condo project

3/10/2010 6:00 PM

"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

short sale program slammed by appraisers

3/10/2010 6:00 PM

" Just days after details of the Treasury’s streamlined short sale program were revealed, several leading appraiser groups have criticized the proposal....Read More

Politics, shaky economy create no rush to restructure Fannie and Freddie

3/10/2010 6:00 PM

"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 Vacancy Rates in U.S. to Decline in 2010, CBRE Says

3/10/2010 6:00 PM

"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

Mothers to blame for rising housing prices?

3/10/2010 6:00 PM

" 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

Other News:

Guilty Plea in Connection With Real Estate Fraud Scheme

1/1/0001 12:00 AM

Charges Filed in Mortgage Fraud Scheme

1/1/0001 12:00 AM

Other News:

Current Weather Conditions In Washington, DC (20007)

3/11/2010 10:18 PM

Your Local Doppler Radar

3/11/2010 10:18 PM

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

Pollen Trend for Washington, DC (20007)

3/11/2010 10:18 PM

Rising. View complete PollenCast...Read More

Video: Your Regional Weather Forecast

3/11/2010 10:18 PM

Watch what the experts at The Weather Channel have to say about the weather trends in your area...Read More

ADV: Upgrade to weather.com Gold!

3/11/2010 10:18 PM

Get advanced storm tracking maps and weather for 10 cities in one-click, all with no ads! Start your free trial now...Read More

Your Weekend Forecast For Washington, DC (20007)

3/11/2010 10:18 PM

Chance of Precipitation: Fri: 90% / Sat: 100% / Sun: 30%. For complete forecast details.....Read More

Your 10-Day Forecast for Washington, DC (20007)

3/11/2010 10:18 PM

Tonight: Low 53°F.---- Fri: Rain & High 58°F / Low 53°F.---- Sat: Rain & High 60°F / Low 51°F.---- Sun & Beyond.... For more details...Read More