Miami Resourses - Miami Real Estate

Nationalized UK bank Northern Rock back in profit (AP)

3/10/2010 2:47 AM

AP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell...Read More

Commercial delinquency lower than other mortgages (AP)

3/9/2010 1:41 PM

AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday...Read More

Glincher Realty alters credit facility terms (AP)

3/8/2010 5:40 PM

AP - Real estate investment trust Glimcher Realty Trust said Monday it has extended and changed its agreement for its $470 million unsecured credit facility with its lenders, including KeyBank National Association and Bank of America NA...Read More

More work ahead on housing market: Treasury (Reuters)

3/8/2010 2:03 PM

Reuters - The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday...Read More

Treasury restates support for Fannie, Freddie (AP)

3/5/2010 3:51 PM

AP - The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal government...Read More

Lawmaker is working to improve loan modifications (AP)

3/5/2010 1:23 PM

AP - A key lawmaker is working with banks, regulators and the Obama administration on a new way to boost the government's struggling foreclosure prevention effort by encouraging banks to reduce the total amount borrowers owe...Read More

Payrolls data buoy job creation hopes (Reuters)

3/5/2010 3:46 PM

Reuters - U.S. employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 percent, bolstering views the economy was on the brink of creating jobs...Read More

Foreclosures Down The Road May Offer Investors Better Deals (Investor's Business Daily)

3/4/2010 5:06 PM

Investor's Business Daily - Housing markets rife with foreclosures can still present great deals for investors, but also stiff competition and pitfalls for the inexperienced...Read More

Mortgage rates fall below 5 percent (AP)

3/4/2010 4:39 PM

AP - Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out...Read More

California GOP U.S. Senate race focusing on . . . Israel? (McClatchy Newspapers)

3/4/2010 2:17 PM

McClatchy Newspapers - WASHINGTON — California is broke, its 12.1 percent unemployment rate is among the highest in the nation, housing prices have plunged, home foreclosures have skyrocketed and a drought is threatening the state's dwindling water supply. There also are plenty of other issues for would-be U.S. senators to debate, including t...Read More