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Foreclosure Filings Rising In Connecticut Friday, March 12, 2010 @ 5:04AMThere were 3.4 percent more foreclosure filings in Connecticut in February than in January, as more borrowers fell behind in mortgage payments, according to a new report Thursday.
Business News More>> Friday, March 12, 2010 @ 4:35AMLONDON (AP) - The value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, the Council of Mortgage Lenders said Friday.
(AFX UK Focus) 2010-03-12 10:05 GMAC hires Goldman to start ResCap sale - NY Post Friday, March 12, 2010 @ 4:29AMMarch 12 (Reuters) - GMAC Financial Services has engaged Goldman Sachs to start the sale of its troubled mortgage unit Residential Captial (ResCap), the New York Post said. It was likely that billionaire investor Warren Buffett might step in to buy ResCap, the Post said. Buffett owns a sizable chunk of ResCap's debt and has been interested for months in buying the lender, according to the paper ...
Mortgage lending slumps by half Friday, March 12, 2010 @ 4:14AMMortgage lending to people buying a home dived by 49% during January following the end of the Government's stamp duty holiday, figures have shown. Only 32,000 loans, worth £4.7 billion, were advanced during the month, around half the level seen during December, the Council of Mortgage Lenders said.
Utah foreclosures soar Wednesday, March 10, 2010 @ 6:55PM The pace of foreclosure-related filing nationally may finally be slowing down, but in Utah the rate continues to increase dramatically. RealtyTrac Inc.
Northern Rock did better than expected Wednesday, March 10, 2010 @ 6:55PMThe Northern Rock bank in the UK has announced good progress throughout 2009 as it prepares to be sold.
Blizzards Bury AC Casinos In Bad Financial News Wednesday, March 10, 2010 @ 6:12PMThe snowiest month ever recorded in Atlantic City kept would-be gamblers frozen in their homes in February, contributing to a 15.7 percent decrease in casino revenues.
Fifth Third Bank Moving North Carolina Headquarters to Uptown Charlotte Wednesday, March 10, 2010 @ 6:10PMFifth Third Bank announced today that it is moving its North Carolina headquarters to 201 North Tryon Street in Uptown Charlotte in June of this year. After the move, the building will be named the "Fifth Third Center".
Short sales increasing in Douglas County Monday, March 8, 2010 @ 8:01PMEveryone knows the phrase “desperate times call for desperate measures,” but in a struggling real estate market, not everyone knows the right measures to take.
Business briefs, March 9, 2010 Monday, March 8, 2010 @ 7:54PMGet FREE Daily Headlines by email! Foreclosure rates in Santa Fe increased for the month of January over the same period last year, according to First American Core Logic, a real-estate data and analytics firm.
CIMB to maintain loans growth Monday, March 8, 2010 @ 7:50PMPETALING JAYA: CIMB banking group is maintaining a loans growth target of 12% this year despite a higher interest rate environment. According to group chief executive officer (CEO) Datuk Seri Nazir Ra...
Joint USAF/NOAA Report of Solar and Geophysical Activity 8 March 2010 Monday, March 8, 2010 @ 7:32PMJoint USAF/NOAA Report of Solar and Geophysical Activity 8 March 2010
Investment Column: Stay at home with Bovis – it looks cheap Monday, March 8, 2010 @ 7:17PMFollowing the carnage of 2008, Bovis Homes has done a decent job of pulling itself together.
(AFX UK Focus) 2010-03-09 00:43 Abbey to hold Australian non-deal roadshows -source Monday, March 8, 2010 @ 7:12PMSYDNEY, March 9 (Reuters) - Abbey National, the British mortgage lender, will hold non-deal roadshows with Australian debt investors in March, a fund manager who has been contacted by host National Australia Bank said on Tuesday.
Sen. Reid seeks fifth term among crowded field of opponents Monday, March 8, 2010 @ 6:48PMLas Vegas, NV- It's now official. Senator Harry Reid filed the paperwork to run for re-election, turning this into one of the most closely watched races in the upcoming November elections.
(AFX UK Focus) 2010-03-08 16:33 NY Fed says to buy US agency notes on Tuesday Monday, March 8, 2010 @ 10:58AMNEW YORK, March 8 (Reuters) - The New York Federal Reserve said on Monday it will buy U.S. agency coupon securities maturing between March 2011 and March 2012 in an open market operation on Tuesday. The New York Fed, which conducts such operations for the Federal Reserve, is in the final stages of buying debt issued by housing finance agencies Fannie Mae, Freddie Mac and the Federal Home Loan ...
Entertainment Properties Trust Completes Acquisition of the Toronto Dundas Square Project and Related Financing Monday, March 8, 2010 @ 10:33AMKANSAS CITY, Mo.----Entertainment Properties Trust announced today that it completed the acquisition of the Toronto Dundas Square project, previously in receivership, by paying off senior debt of approximately $120 million Canadian.
St. John's area housing starts up in February Monday, March 8, 2010 @ 10:32AMUrban housing starts increased during the month of February, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC).
Pemberton businesspeople and residents eye easier development planning Monday, March 8, 2010 @ 10:23AMPEMBERTON— A driving rainstorm may have limited attendance, but not enthusiasm at the second of a series of monthly Business Friendly meetings in the township last Tuesday.
Date Set For Casey Anthony Murder Trial Monday, March 8, 2010 @ 10:20AMA trial date was set in the case against Casey Anthony Monday. DOCUMENT: Order Signed By Judge
GETTING AHEAD: Sunday, March 7 Monday, March 8, 2010 @ 10:17AMNew associates
Housing market faces lost decade Monday, March 8, 2010 @ 10:15AMExperts warn homeowners could face 10 years of stagnation as prices start to fall again Britain's homeowners must brace themselves for 10 years of stagnation, as last year's recovery in the property market gives way to a decade of drift, experts warn. Following news that the number of new mortgages approved fell in January, and house prices declined last month on both the Halifax and Nationwide ...
Energy program sets debt limit for home improvements Monday, March 8, 2010 @ 6:54AMSONOMA COUNTY – The Sonoma County Energy Independence Program has set a new ceiling on how much debt homeowners can hold when they seek to participate in the energy-improvement loan program.
Nigeria : U.S.$2 Billion FMBN Bond Props Up Housing Sector Monday, March 8, 2010 @ 6:52AMFresh hopes have emerged for the somewhat epileptic housing finance sector, where the secondary market regulator announced plans to massively inject direly needed funding.
Moving for a job? You might have to pay Monday, March 8, 2010 @ 6:51AMIf you’re thinking about relocating for a new job, there’s a good chance you may have to cover your own moving costs, even if you’ve got a job offer.
Capitalism: A Love Story (Blu-ray) Monday, March 8, 2010 @ 6:26AMDVD Talk Collector Series "Capitalism is an evil. And you can't regulate evil." - Michael Moore "I believe that banking institutions are more dangerous to our liberties than standing armies." - Thomas Jefferson There were a number of reasons why I decided to move to Japan about seven years ago. One of these reasons is the subject of Michael Moore's Capitalism: A Love Story (2009) a typically ...
China banker says local govt debt may be bank risk Monday, March 8, 2010 @ 6:18AMChina's banks might face risks if finance arms set up by local governments to invest in real estate and infrastructure projects cannot repay heavy borrowing, a deputy central bank governor said Monday.
NEW: Numbers tell story of market recovery Monday, March 8, 2010 @ 6:15AMNEW YORK — On March 9, 2009, it felt like the world was ending. The Dow Jones industrial average had tumbled to a 12-year low of 6,547, and looked to keep plunging. A day later, Citigroup Inc. stopped the market's drop with news that it was turning a profit.
China banker says local govt debt may be bank risk Monday, March 8, 2010 @ 6:14AMChina's banks might face risks if finance arms set up by local governments to invest in real estate and infrastructure projects cannot repay heavy borrowing, a deputy central bank governor said Monday. Regulators have told banks to examine outstanding loans... Central bank - Real estate - Government - Finance - China
Harrah's Entertainment Successfully Amends CMBS Loan Terms Monday, March 8, 2010 @ 6:12AMLAS VEGAS, NV--(Marketwire - March 8, 2010) - Harrah's Entertainment, Inc. received unanimous consent from its commercial mortgage back securities (CMBS) lenders to amend the terms of approximately $5.5 billion in loans. Under the revised terms, Harrah's will have the option to extend the CMBS loan maturity date to 2015 and Harrah's will have the ability to purchase CMBS loans at a discounted ...
Southwest Florida business briefs: March 8, 2010 Monday, March 8, 2010 @ 6:10AM
China banker says local govt debt may be bank risk Monday, March 8, 2010 @ 6:04AMChinese central banker warns heavy borrowing by local governments could pose bank risk
Fame & Fortune: Charlotte Jackson Thursday, March 4, 2010 @ 11:02AMCharlotte Jackson, 30, presented Setanta Sports news until the channel went into administration last summer. Within a month she was signed up by Sky Sports News where a much larger audience can enjoy her talents. She lives alone in Kew.
Vera Framiga took 'Up In The Air' role to pay off mortgage Thursday, March 4, 2010 @ 10:51AMLondon, March 4 (IANS) Actress Vera Farmiga says she needed the money so badly that she started filming for 'Up In The Air' only two weeks after welcoming son Fynn.
Good News on Initial Claims Thursday, March 4, 2010 @ 10:42AMInitial claims dropped by 29,000 to 469,000 -- just slightly better than the consensus expectations of 470,000 new claims.
Bank 'haircut' can save homes Thursday, March 4, 2010 @ 10:38AMWhile the initial moves are not easy, they are somewhat logical: Scrutinize the loan qualifying process, subsidize those who would be temporarily displaced from the homes they could never afford to begin with, and instruct lenders to reduce principal loan balances for qualified borrowers.
Montco man charged with $6M embezzlement Thursday, March 4, 2010 @ 10:35AMPHILADELPHIA — Federal prosecutors have charged an East Norriton man with allegedly embezzling more than $6 million from a Bucks County-based development company where he was an executive.
Debt's not so bad, in small doses Thursday, March 4, 2010 @ 10:34AMI'm thinking of a four-letter word that might make your heart race: debt. Basic human instinct seems to tell us debt is bad - to be avoided entirely or paid off as quickly as possible. As Polonius advises his son Laertes in Hamlet, ''Neither a borrower nor a lender be.''
Census forms are coming Thursday, March 4, 2010 @ 10:33AMThere are an estimated 3 million-plus people living in the United States. And since the year ends in zero, it’s time to get a fresh count with the Census.
Service to be featured on CBS News Thursday, March 4, 2010 @ 10:31AMBy Rusty Nixon Correspondent PLYMOUTH — A local service supported by Marshall County United Way will be gaining some national notice Friday evening.
Joint USAF/NOAA Report of Solar and Geophysical Activity 2 March 2010 Tuesday, March 2, 2010 @ 8:23PMJoint USAF/NOAA Report of Solar and Geophysical Activity 2 March 2010
Australia May Pause on Rate Increases at Next Meeting (Update1) Tuesday, March 2, 2010 @ 8:14PMMarch 3 (Bloomberg) -- Australia’s central bank, the first in the Group of 20 to raise interest rates this year, may pause next month as Governor Glenn Stevens weighs whether inflation is a bigger threat than Europe’s sovereign debt crisis.
Government to pump taxpayers’ billions into banks Tuesday, March 2, 2010 @ 7:12PMTHE Government is ready to pump billions more of taxpayers’ money into the troubled banks – who are expected to show their gratitude to the public by raising charges.
Bancroft Library is home to new Shorenstein program Tuesday, March 2, 2010 @ 7:01PMBERKELEY — With the United States and many other governments mired in red ink, the University of California, Berkeley's Bancroft Library couldn't have picked a timelier topic than the U.S. national debt for the initial focus of its new Shorenstein Program in Politics, Policy and Values.
What is Trump Worth? Sunday, February 28, 2010 @ 6:49AMAt 60, Donald Trump is preparing for the day when he turns the family real estate empire over to his son Don Jr. and daughter Ivanka. He has taught them well.
Business booms for sheriff's appraisers Sunday, February 28, 2010 @ 5:48AMAs thousands lose their homes each year to foreclosure, a small crew of appraisers appointed by Franklin County Sheriff Jim Karnes has earned a windfall from courthouse auctions.
Momma hawk gets to stay in her nest Sunday, February 28, 2010 @ 4:02AMDear Fixer: Given the change in the economy and my loss of income, I went to Neighborhood Assistance Corporation of America to see what could be done about my mortgage payments. They told me I could get a reduction in my monthly mortgage payment from $1,100 to $551, which is something I can afford. The request went to my bank, Charter One. When Charter One called me, they said that because I was ...
Business News Sunday, February 28, 2010 @ 3:41AMMortgage firm promotes Mauldin St. Louis-based Love Funding, a national mortgage banking firm, has promoted Cortney Mauldin of Bel-Nor to vice president-senior underwriter. He is responsible for providing recommendations for prospective loans, underwriter staff training, reviews of HUD applications and processing HUD underwriting packages.
Business News Sunday, February 28, 2010 @ 3:37AMCompany plans senior community at St. Joseph site Financing has been secured to begin construction of Aberdeen Heights, a senior living community to be built at the former site of St. Joseph Hospital in Kirkwood.
US Economic Expansion Set to Cool After 4Q Pop Friday, February 26, 2010 @ 1:50PMThe signs aren't hopeful. Consumer confidence took an unexpected dive in February. Unemployment stands at 9.7 percent. Home foreclosures are at record highs. And many Americans are still having trouble getting loans.