Real Estate News

Mortgage News

last updated: 3 July, 2009 at 14:02

Mid-Day Recap: Labor Reports Send Markets into Freefall The pace of losses in the labor market had been moderating for four months but in June nearly half a million jobs vanished from the economy, in contract to widespread expectations. The Bureau of Labor Statistics said 467,000 jobs were lost, pushing the unemployment rate to 9.5%, the highest in 26 years. “The heavy loss of jobs in June is a warning that the road to recovery will be bumpy, but doesn't yet indicate that we have gone off the track” . . . ...(<a href="http://www.mortgagenewsdaily.com/07022009_mid_day_recap.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=89158" width="1" height="1">

The Day Ahead: Markets Hesitant Ahead of Employment Data Markets are edging lower ahead of the 8:30 release of Nonfarm Payrolls. A lot is hanging on this report as many forecasts for the economy are dependent on the direction of the labor market. Many look for signs of stabilization after last month’s downside surprise, but signs of a recovery have been far from evident in the weekly Jobless Claims numbers or the ADP private employment report. The consensus looks for 325,000 jobs to have vanished this month, with forecasts ranging between 225,000 and 435,00...(<a href="http://www.mortgagenewsdaily.com/07022009_the_day_ahead_markets_hesitant_ahead_of_employment_data.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=89076" width="1" height="1">

HARP Guidelines Allow for 125% LTV. Originators Still Skeptical The Home Affordable Refinance Program was designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Mae or Freddie Mac owned mortgage loan. Unfortunately due to rising unemployment levels and increasing foreclosure rates, demand for housing has weakened and property values have continued to decline, which has blocked many borrowers from utilizing HARP....(<a href="http://www.mortgagenewsdaily.com/07012009_harp_allows_125_ltv.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88923" width="1" height="1">

Mortgage Performance: Fighting Rising Rate of Foreclosures with Loan Modifications A joint report from the OCC and OTS, which includes 64% of all outstanding mortgages, shows that instances of delinquency continued to increase in the second quarter. Particularly of note is the increasing growth rate of delinquencies among loans backed...(<a href="http://www.mortgagenewsdaily.com/07012009_mortgage_performance_fighting_rising_rate_of_foreclosures_with_loan_modifications.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88786" width="1" height="1">

Mixed Data for Real Estate, ISM Index Improves Three data releases at 10:00 failed to sing in tune with each other. A key indicator of output showed some improvement but is still contracting overall, and while contracts for home purchases are on the rise, spending on the construction of new homes it at historic lows....(<a href="http://www.mortgagenewsdaily.com/07012009_mixed_data_for_real_estate_ism_index_improves.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88692" width="1" height="1">

Mortgage Applications Nosedive in Late June Demand for mortgage loans simply plummeted in the final week of June, even as mortgage rates once again moderated, according to a weekly industry index. The Mortgage Bankers Association said the Market Composite Index, a measure of loan application volume...(<a href="http://www.mortgagenewsdaily.com/07012009_mortgage_applications_nosedive_in_late_june.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88637" width="1" height="1">

The Day Ahead: Markets Optimistic Ahead of Big Day The first trading session of the third quarter is a heavy one for markets. Just one day ahead of the June employment figures, markets will get the closely watched ISM Manufacturing Index, the Pending Home Sales Index, the ADP private employment report...(<a href="http://www.mortgagenewsdaily.com/07012009_the_day_ahead_markets_optimistic_ahead_of_big_day.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88631" width="1" height="1">

Fannie Mae Expands Portfolio, Delinquencies Rising Fannie Mae, the mortgage goliath taken under government control last September, yesterday announced that its portfolio expanded by an annual rate of 35.1% in May, marking a stark contrast to the 19.2% decline in April. In its summary of monthly highlights...(<a href="http://www.mortgagenewsdaily.com/06302009_fannie_mae_expands_portfolio_delinquencies_rising.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88203" width="1" height="1">

Case-Shiller Says Pace of Home Price Declines Slowed in April Contrary to expectations, the rapid decline of home prices showed signs of stabilization in April, according to the Case-Shiller Home Price Index, the most influential recorder of prices. The 10-city composite index, which looks at ten major metropolitan...(<a href="http://www.mortgagenewsdaily.com/06302009_case_shiller_says_pace_of_home_price_declines_slowed_in_april.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=88196" width="1" height="1">

The Week Ahead: Holiday Shortened Calendar The transition from June to July offers a packed schedule for investors. No data comes out Monday and Friday is a holiday, but the three days in between present key data and numerous speeches covering all fronts of the economy. The S&P 500 has gained...(<a href="http://www.mortgagenewsdaily.com/06292009_the_week_ahead_holiday_shortened_calendar.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=87713" width="1" height="1">

Mid-Morning Recap: Stocks Fail to Rise Despite Gains in Income, Sentiment Despite reports of higher income and improving consumer confidence, markets are off to a rough start on Friday morning with all three indexes in the red an hour into the trading session. Leading the decline is the 0.36% drop in the Dow to 8442, while...(<a href="http://www.mortgagenewsdaily.com/06262009_mid_morning.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=87293" width="1" height="1">

New Home Sales Stagnate. April Revisions Mitigate May Decline News was mixed for the real estate market this morning. Sales of new single-family homes fell 0.6% in May, in contrast to expectations of a 2.3% increase. By itself, that would be awful news, but revisions to April told the opposite story: the original...(<a href="http://www.mortgagenewsdaily.com/06242009_new_home_sales_stagnate_april_revisions_mitigate_may_decline.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=86420" width="1" height="1">

Mortgage Applications Rebound as Rates Stabilize Loan applications for mortgages increased last week for the first time in a month, as average rates for a 30-year fixed rate mortgage edged downwards, a weekly report said Wednesday. Demand for applications advanced 6.6% in the week ending June 19, according...(<a href="http://www.mortgagenewsdaily.com/06242009_mortgage_applications_rebounding_as_rates_moderate.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=86340" width="1" height="1">

GSE Loan Modifications Increase. Prime Borrowers Falling Further Behind The Federal Housing Finance Agency (FHFA) today released first quarter foreclosure prevention data for Fannie Mae and Freddie Mac. Total foreclosure prevention actions (including loan modifications) totaled 86,600, 20 percent more than the previous quarter...(<a href="http://www.mortgagenewsdaily.com/06232009_gse_loan_modifications_increase_prime_borrowers_falling_further_behind.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=86215" width="1" height="1">

Mid-Morning Recap: Sell-Off Extends into Tuesday Stocks have been extremely volatile Tuesday morning, and after opening higher all indexes are negative 90 minutes into the trading session. The Dow is leading the decline with a 0.53% drop to 8294, while the Nasdaq is 0.50% lower at 1757, and the S&P...(<a href="http://www.mortgagenewsdaily.com/06232009_mid_morning.asp">read more</a>)<img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=85931" width="1" height="1">

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New York Time - Real Estate

last updated: 3 July, 2009 at 14:02

Streetscapes | 440 East 56th Street: For a Lullaby, the Bip-Bop-Bip of Tennis Balls The apartment building at 440 East 56th Street is an exemplar of how modernism and humanism can coexist.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=288c4796006b0287919cd7ca18550b4f&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=288c4796006b0287919cd7ca18550b4f&p=1"/></a>

Habitats: The Traveling Circus Stops Here Two clowns who perform in some of the most troubled places on earth practice in a walk-up near 128th Street.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=ad75456a44f5486e32b2e89187b4d405&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=ad75456a44f5486e32b2e89187b4d405&p=1"/></a>

Away: A Jazz Voice Finds a Mellower Range When it’s time for the jazz singer Sheila Jordan to work on arrangements, she heads to Middleburgh, N.Y.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=e1e8d3e132dc73680dfcf60b4f17b253&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=e1e8d3e132dc73680dfcf60b4f17b253&p=1"/></a>

Property Values: What You Get for ... $400,000 A bungalow in Spokane, Wash., a four-bedroom Georgian in Lexington, Ky., and a house in a St. Louis suburb.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=84776d1e583fea5f151e28ce3afc0b83&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=84776d1e583fea5f151e28ce3afc0b83&p=1"/></a>

Organic Farms as Subdivision Amenities Developers are trying to make lots more attractive by putting crops in the ground.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=dd85192d7d882bfe047ef0c8ba24e2c8&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=dd85192d7d882bfe047ef0c8ba24e2c8&p=1"/></a>

International Real Estate: For Sale in ... Iceland Iceland’s real estate market boomed for much of the last decade, but now many people are being forced to sell.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=e10a6e14cfed89fc77a30a135f54b3d5&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=e10a6e14cfed89fc77a30a135f54b3d5&p=1"/></a>

High & Low | Coeur D’alene, Idaho: Outdoors for All Seasons Residents of Coeur d’Alene, Idaho, a city of about 42,000 surrounded by lakes and protected forest, like to compare it to living in Lake Tahoe without the high prices.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=79574f244fff314d3f1116ceca323ece&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=79574f244fff314d3f1116ceca323ece&p=1"/></a>

Sharp Price Drops in Manhattan Apartments Grim figures reflecting the downturn’s darkest months came as brokers said sales had been improving recently.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=5b0047199bc7cd8c3fe0b3eb46eb3256&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=5b0047199bc7cd8c3fe0b3eb46eb3256&p=1"/></a>

Living in the Heart of the Village When Linda and Lee Bigelow decided they wanted to be part of the village life in Southern France.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=a7846575a6c7b43249fd9691bffd2310&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=a7846575a6c7b43249fd9691bffd2310&p=1"/></a>

A Trying Time in Housing for Elderly Tough economic times have meant that only 54 or 240 units at Fox Hill have closed in the six months since the project was completed.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=c7506bd4ed7d363e6e64160c12bcb409&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=c7506bd4ed7d363e6e64160c12bcb409&p=1"/></a>

Renters Get Swindled and Scammed New York City’s tough rental market can make scams harder to spot.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=b449bd395273f2b4b0794999e76b15bd&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=b449bd395273f2b4b0794999e76b15bd&p=1"/></a>

Habitats: For a Family, Elaborate Elbow Room The Brown family is the fifth set of owners in a grand 24-room Victorian mansion steeped in history in Staten Island.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=5754af51e1ebcd1763461265dcc8856c&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=5754af51e1ebcd1763461265dcc8856c&p=1"/></a>

Mortgages: Reverse Mortgages for Home Purchases Until recently, few lenders were ready to offer loans that allow older borrowers to use reverse mortgages to buy a principal residence.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=dac63d51bc2d06da04b725e0915c92a0&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=dac63d51bc2d06da04b725e0915c92a0&p=1"/></a>

The Hunt: More Than a ‘Flop Pad’ After losing four laptops in their apartment in Bushwick, Brooklyn, Mark Sussman and Jessica Suarez decided it was time to move.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=211daa1c9125b328e41084fa0386b6e1&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=211daa1c9125b328e41084fa0386b6e1&p=1"/></a>

In the Region | Long Island: Pulse Detected in High-End Condos Even in the face of sober economic times, the luxury condominium market on Long Island has been flaunting its charms.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=78087e650004237daec92a5a606d8b85&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=78087e650004237daec92a5a606d8b85&p=1"/></a>

Posting: F.H.A. Loans Help Sales Loans insured by the Federal Housing Administration, an arm of HUD, now make up nearly a quarter of the market, up from just 2 percent three years ago.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=b201b181b59e991c2715ab3c31e3f94b&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=b201b181b59e991c2715ab3c31e3f94b&p=1"/></a>

In the Region | New Jersey: Enticed by the Water Views Two new high-end waterfront buildings in Hudson County are set to open with very poor timing, especially in the case of the condos.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=b49c32d0b759d9ee572638b536b083ce&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=b49c32d0b759d9ee572638b536b083ce&p=1"/></a>

In the Region | Westchester: It’s Thinking-Cap Time Debbie Meiliken has made several media appearances to discuss the sale of Treasury Secretary Timothy F. Geithner’s home in Larchmont — even though she didn’t have the listing.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=9838919f772c3b133b6d45db3b5827c9&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=9838919f772c3b133b6d45db3b5827c9&p=1"/></a>

Blueprints: A Sleeker Space for Burberry The British clothing company, which has been updating and repositioning its products, does the same with its U.S. headquarters.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=95eb1e9431bf1ae07bf40728947593f3&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=95eb1e9431bf1ae07bf40728947593f3&p=1"/></a>

Big Deal: Decorate to Taste The building Enrique Foster Gittes, an investor specializing in business turnarounds, is selling on the Upper East Side has taken another price cut.<br clear="both" style="clear: both;"/> <br clear="both" style="clear: both;"/> <a href="http://ads.pheedo.com/click.phdo?s=1e11e630390118511ebab52b9d047cd2&p=1"><img alt="" style="border: 0;" border="0" src="http://ads.pheedo.com/img.phdo?s=1e11e630390118511ebab52b9d047cd2&p=1"/></a>

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International Real Estate

last updated: 3 July, 2009 at 14:00

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SL Green Realty (SLG) Trend Change Alert: 3.7% Move in 15 Days (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend's proprietary algorithms detected bearish price action on shares of SL Green Realty (NYSE:SLG) which generated a Downtrend alert on June 17, 2009 at $22.30. Since the alert, SLG has trended 3.7% lower as

Homeowner tips: Control pests, clutter, energy costs Florida Central CU names CUNA board member Laida Garcia as president, CEO. Garcia succeeds the late Ed Gallagly. See http://ow.ly/gnw7 21 hours ago WesCorp detailed cost-saving initiatives-- including roughly 90 layoffs--that aim to roll back expenses to

Land Securities gets green light for City Forum scheme Islington Council has resolved to grant planning consent for Land Securities? proposed 1.1m sq ft City Forum scheme. The application, submitted jointly with Frogmore and Galliard Homes, sets out plans for a residential-led mixed use development on a

China Developing Its Own Real Estate Bubble Extract not available.

Realty World Northern CA & NV Partners With WellcomeMat to Become First Real Estate Brokerage to Harness Video Company-Wide TRACY, Calif. and BOULDER, Colo., July 1 /PRNewswire/ -- Realty World Northern California & Nevada announced that it has partnered with WellcomeMat to provide its 1,500 associates unlimited access to WellcomeMat's enterprise-class, real estate video

First Industrial Realty Trust to Host Second Quarter 2009 Results Conference Call CHICAGO, June 30 /PRNewswire-FirstCall/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading provider of industrial real estate supply chain solutions, will host its second quarter 2009 results conference call on Wednesday, August 5, 2009 at

BioMed Realty Trust Completes $350 Million Financing for Center for Life Science Boston SAN DIEGO, June 29 /PRNewswire-FirstCall/ -- BioMed Realty Trust, Inc. (NYSE: BMR) announced today the closing of a new $350 million loan with John Hancock Life Insurance Company, TIAA-CREF, and Westdeutsche ImmobilienBank AG. The five year loan is

Brandywine Realty Trust Completes Documentation and Escrow Funding Related to $256.5 Million of Forward Financing Commitments on the 30th Street Post Office and Cira South Garage Projects RADNOR, Pa., June 29 /PRNewswire-FirstCall/ -- Brandywine Realty Trust (NYSE: BDN) announced today that it has completed definitive agreements for $256.5 million of aggregate forward financing commitments on the 30th Street Post Office and Cira South

Brandywine Realty Trust Executes 148,000 Square Foot Lease with VWR International, LLC in Radnor Corporate Center RADNOR, Pa., June 29 /PRNewswire-FirstCall/ -- Brandywine Realty Trust (NYSE: BDN) announced today that it has executed a 14-year lease transaction with VWR International, LLC for 148,000 square feet in One Radnor Corporate Center, a 201,980 square foot

UBS Names New Head of Real Estate Extract not available.

Beacon To Roll Out First Electronic CMBS Trading Platform Extract not available.

Cell Tower Deal, re-REMICS Shopped Extract not available.

Lending Market Stasis Stymies Recovery Extract not available.

UK homeowners pay back a record ?8.1bn of mortgage debt UK homeowners repaid a record amount of mortgage debt in the first quarter of the year, in the latest sign that the credit crunch is forcing Britons off a decade-long spending splurge. Britons injected 8.1bn to pay off their mortgage debt in the first

Real Estate Weekly: Why those who can pay walk away from mortgages New research found that more than 25% of mortgage loan defaults are strategic -- that is, a quarter of homeowners who default on their mortgages are walking away from their homes even if they can afford to make their payments. Homeowners are especially

Realty Q&A: Using homestead laws to protect you from creditors State laws may protect you from creditors, up to a point WASHINGTON (MarketWatch) -- Question: A friend of mine asked me about homesteading as a way to keep credit-card companies and other creditors from placing liens against someone's home. He has

Report: Cheung Kong to bring Hong Kong residential units to market Extract not available.

Report: Unibail-Rodamco sells retail stores in Netherlands Extract not available.

Research and Markets: Research Report of the Top Real Estate Enterprises in China Available Now (BUSINESS WIRE) -- Research and Markets(http://wwwresearchandmarketscom/research//research_report_of) has announced the addition of the 'Research Report of the Top Real Estate Enterprises in China' report to their offering In China, affected by the law

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