Lender purchases Renaissance Bay in sheriff’s sale
June 18, 2011 by
Filed under home equity rates
Lender purchases Renaissance Bay in sheriff’s sale Fort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property. Read more on Indianapolis Business Journal
Financial data publisher Bankrate set for IPO
June 15, 2011 by
Filed under home equity rates
Financial data publisher Bankrate set for IPO Finance data publisher Bankrate Inc. plans to raise nearly $166 million, after expenses, in an initial public offering this week. Read more on AP via Yahoo! Singapore News
Americans’ equity in their homes near a record low
June 12, 2011 by
Filed under home equity rates
Americans’ equity in their homes near a record low Falling real estate prices are eating away at home equity. Read more on KIII Corpus Christi
Government: EU wrong about Danish debt
June 9, 2011 by
Filed under home equity rates
Government: EU wrong about Danish debt Danes are among the EU citizens with the most private debt and that is cause for worry, the European Commission warned in a draft memorandum obtained by the press yesterday. Read more on The Copenhagen Post
Home values lowest since ’02
June 6, 2011 by
Filed under home equity rates
Home values lowest since ’02 The nation’s anemic financial recovery stumbled again Tuesday over the news that in March home prices across the country hit their lowest levels since 2002. Read more on Detroit News
The top 10 bank credit trades
June 3, 2011 by
Filed under home equity rates
The top 10 bank credit trades Credit analysts at UK investment bank Barclays Capital have picked out 10 important themes affecting the global bank credit market – including the impact rising interest rates, a dependence on wholesale funding, and exposure to sovereign debt – and recommended pair trades based on each. Read more on eFinancial [...]
New mortgage can challenge retirees
May 31, 2011 by
Filed under home equity rates
New mortgage can challenge retirees The road to retirement can be paved with good intentions – such as paying down the mortgage faster so that, by the last day on the job, your house really is all yours. Read more on The News & Observer
Troubled home market creates generation of renters
May 28, 2011 by
Filed under home equity rates
Troubled home market creates generation of renters A growing number of Americans can’t afford a home or don’t want to own one, a trend that’s spawning a generation of renters and a rise in apartment construction. Read more on Eyewitness News Bakersfield
Chrysler repays most of government loan money
May 25, 2011 by
Filed under home equity rates
Chrysler repays most of government loan money Chrysler Group has paid off all the money it borrowed at high interest rates from the Canadian, Ontario and U.S. governments when they rescued the struggling automaker from the brink of financial ruin two years ago. Read more on CTV Toronto
India poised for $5 bn wave of PE exits from property: Nomura
May 22, 2011 by
Filed under home equity rates
India poised for $5 bn wave of PE exits from property: Nomura Private equity investors are poised to exit roughly $5 billion worth of Indian real estate investments in the next two or three years, a Nomura report said, adding pressure to a sector struggling with access to capital and falling property prices. Read more [...]