Reuters - Continuing bonuses paid to employees at Fannie Mae and Freddie Mac are offensive since taxpayers are helping keep the mortgage-finance companies afloat, a leading Senate Republican said on Friday.
Lawmaker sees Fannie, Freddie bonus "insult" (Reuters)
April 13th, 2009 · Permalink
U.S. foreclosure image is 2008 World Press Photo (Reuters)
February 17th, 2009 · Permalink
Reuters - A picture of an armed sheriff moving through an American home after an eviction due to a mortgage foreclosure was named World Press Photo of 2008 on Friday.
Lone Star, Goldman bid for failed Japan REIT: sources (Reuters)
February 17th, 2009 · Permalink
Reuters - Lone Star , the Development Bank of Japan and Goldman Sachs Group Inc are among the final bidders for failed Japanese real estate investment trust New City Residence Investment Corp, two people familiar with the transaction said.
USA (The Christian Science Monitor)
February 17th, 2009 · Permalink
The Christian Science Monitor - US retail sales jumped 1 percent in January after six straight months of decline, the Commerce Department reported Thursday. Analysts said the results, boosted by postholiday sales, were considered short-term. Meanwhile, the housing market continued its slump, with the median sales prices of existing homes falling in nearly 90 percent of major cities in the fourth quarter of last year, according to the National Association of Realtors.
Obama eyes home loan subsidies in rescue plan: sources (Reuters)
February 14th, 2009 · Permalink
Reuters - The Obama administration is hammering out a program to subsidize mortgages in a new front to fight the credit crisis, sources familiar with the plan told Reuters on Thursday, boosting financial markets.
Mortgage mess sinks development bank portfolio (AP)
February 14th, 2009 · Permalink
AP - The Inter-American Development Bank, the largest lender for projects including roads and power plants in Latin America, lost $1.9 billion on mortgages and other securities as part of an unusually aggressive investment strategy, according to internal bank documents obtained by The Associated Press.
Median home prices fell nationwide in 4Q (AP)
February 14th, 2009 · Permalink
AP - Home prices fell in nearly nine out of every 10 U.S. cities in the fourth quarter of last year as low-cost foreclosures flooded the market and the housing market’s decline spread nationwide.
One in eight lenders may fail, RBC says (Reuters)
February 11th, 2009 · Permalink
Reuters - More than 1,000 U.S. banks, or one in eight lenders, may fail in the next three to five years as commercial loan losses rise, compounding problems from record mortgage delinquencies and soaring home equity loan defaults, RBC Capital Markets said on Monday.
