Housing help The News & Observer America's housing market is in a painful bind. The bubble that inflated real estate prices in many states -- not so much in North Carolina, thank goodness -- has burst. Property typically has lost some value, or at least seen a sharp decline in the rate at which value was growing; broadly speaking, ...
We need mortgage providers other than banks The Times | Sir, The credit crunch could have a serious impact in local communities across the country. Evaporating mortgage availability may place hard-fought regeneration in jeopardy unless rapid action is taken. With inter-bank lending at a standstill, we believe that there is a pragmatic need for the loca...
Land prices falling in prime locations Asahi News | While Tokyo's Ginza district and other blue-ribbon addresses keep getting pricier, a survey released Wednesday has found land values for many of Japan's prime urban locations are falling. | According to the Ministry of Land, Infrastructure, Transpo...
AP Executive Morning Briefing The State The Associated Press | The top business news from The Associated Press for the morning of Thursday, Aug. 21, 2008: | Fannie Mae, Freddie Mac shares plummet | NEW YORK (AP) - Investors are betting that time is running out for Fannie Mae and Freddie Ma...
Stock futures point to weaker Wall Street open The Boston Globe | LONDON (Reuters) - Stock futures pointed to a weaker Wall Street open on Thursday with growing concerns over the fate of U.S. mortgage firms and the health of the financial sector. By 5:40 a.m. EDT, S&P 500 futures and Nasdaq 100 futures lost h...
Fannie Mae opens satellite offices to sell foreclosures Business Journal > | Fannie Mae is rethinking how it will handle the tens of thousands of properties being repossessed as the real estate market continues to plummet. | To that end, it is opening two satellite offices, one in California and another in Fort Lauderdale...
WN / Guillaume Poulet-Mathis
Dubai to issue sweeping real estate law The Times of India | DUBAI: Dubai newspapers are reporting that the local government has issued a mortgage law aimed at regulating the cit...
Existing home sales drop more than 20% in July Austin American Statesman | Central Texas home sales declined for the 13th consecutive month in July, and a record 10,913 homes were on the market. The picture could worsen for the next 18 months before a t...
House prices 'won't recover for eight years' London Evening Standard | The National Association of Estate Agents says members had an average of 192 househunters on their books during July - the lowest for five years | House prices in some parts of t...
Lone Star to buy IKB, the German subprime casualty International Herald Tribune | : Lone Star Funds, the Dallas-based private equity firm, has agreed to buy IKB Deutsche Industriebank after the German bank collapsed, becoming the country's first casualty of the subprime mortgage crisis. | Lone Star will acquire 90.8 percent of I...
New mortgage for first time buyers Belfast Telegraph | A local bank has joined forces with property developers to launch a new mortgage aimed at first time buyers, it was revealed last night. | Ulster Bank and local developers have produced a home loan, available next month, which will mean first time ...
Dallas' Lone Star Funds to buy IKB, German victim of US subprime mortgage crisis Star Tribune | FRANKFURT, Germany - German lender IKB Deutsche Industriebank AG, which has been badly hit by the U.S. subprime mortgage crisis, will be sold to U.S.-based private equity firm Lone Star Funds, the German company's biggest shareholder said Thursday....
Mortgage lending in 2008 'to fall by a fifth' as housing market fails to rally Belfast Telegraph | A rumoured imminent rally in the housing market has failed to materialise, as the latest round of bleak housing market data confirms, despite attempts by estate agents to inject a positive note. | Mortgage lending will contract by almost 20 per cent this year, reflecting the market uncertainty, falling house prices, and rising arrears, market ana...
