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Foreclosure moratorium bill at a standstill in Assembly - Riverside Press EnterpriseLegislation proposed last week by Assembly Democrats to pressure lenders to help struggling borrowers stay in their homes will not happen this month, and possibly not until the new year. The bill was prompted by concern about the high number of ...
BankUnited loses $261M as cash dwindles - South Florida Business JournalBanks line up for $200 million in fed bailout Ortiz replaces Camner as BankUnited CEO Regulators crack down on Riverside Bank of the Gulf Coast Lincoln National seeks charter change, federal funds TotalBank falls into red in third quarter BankUnited ...
Timeline: U.S. Credit Crunch & Financial Failures - KNx 1070NEW YORK (CBS News) ― Wall Street and Main Street have been caught up in credit market turmoil, which began in 2007 with rising defaults on mortgages made to financially shaky borrowers and spread to corporate bonds and other kinds of debt. May 17 ...
Two CMBS loans headed for default -Credit Suisse - FXStreet.comNEW YORK, Nov 18 (Reuters) - Two of the largest loans in recent commercial mortgage-backed securities, including one financing two Westin hotels, are close to default, according to Credit Suisse analysts. A $209 million loan for Westin hotels in ...
UPDATE 2-Big CMBS loans seen near default, index yields soar - ReutersNEW YORK, Nov 18 (Reuters) - Two of the largest loans in recent commercial mortgage bonds, including one for two Westin hotels, appear near default, underscoring the stress that has upended the $700 billion market and sending yields soaring. A $209 ...
Big CMBS loans seen near default, index yields soar - ForbesNEW YORK (Reuters) - Two of the largest loans in recent commercial mortgage bonds, including one for two Westin hotels, appear near default, underscoring the stress that has upended the $700 billion market and sending yields soaring. A $209 million ...
Free counseling Saturday for troubled IndyMac borrowers - Los Angeles Times BlogsWhen Pasadena's IndyMac Bank sent letters to 35,000 borrowers who had missed mortgage payments, offering a chance to rework the loan terms to make them affordable, it got an initial response from fewer than half the borrowers, as The Times reported ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The latest grim housing statistic comes today from RealtyTrac. The California firm reported Thursday that nationwide foreclosures surged 25% in ...
SoCal Home Sales Reach 2008 Record - Street.ComFor more real estate news, please visit: DQNews.com . And check out BankingMyWay to compare mortgage rates. LA JOLLA, CA--- Southern California home sales rose unseasonably last month from September as buyers shook off gloomy financial news and took ...
Home-Builder Index Plunges to Low; Resale Prices Tumbled in 3rd ... - Wall Street JournalWASHINGTON -- Home builders' confidence in the market has plunged to a record low amid overwhelming uncertainty about the economy. Meanwhile, home prices fell in a record four out of five U.S. cities in the third quarter as low-cost foreclosures ...
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