Sites Vie to Offer Bulk Sales of Foreclosures
Entrepreneurs are rushing to set up online marketplaces in an attempt to cash in on the market for bulk sales of foreclosed homes.
Month: November, 2008
Home Builders Hammer FDIC
Home builders are railing against the FDIC, saying the agency is cutting off construction financing from seized banks and demanding early repayment of current loans.
Perot Fund Liquidates as Debt Bets Turn Sour
The record plunge of the commercial real-estate securities market has claimed its first major casualty: a $1.5 billion fund with investors including Ross Perot.
Ackman the Contrarian
Activist investor William Ackman sees something in debt-laden mall owner General Growth Properties that most others don't.
U.K. Property Firms Reveal Details
One consolation is emerging as the stocks of property companies get pounded: some firms are more willing to disclose the details of their financings.
Shocks in Commercial Mortgage Trigger Selloff in REIT Stocks
These days, everything has a knock-on effect. Earlier in the week, an analyst report on the potential default of a couple of commercial-mortgage deals caused a big hit to the corresponding credit market. That, in turn, has caused a selloff in the stocks of REITs.
Fannie, Freddie Halt Foreclosures
Fannie and Freddie suspend foreclosure sales and evictions on certain properties until January as it prepares for its loan-modification program. (Statements)
Treasurys Gain, and Bonds Feel Pain
Credit markets were at crisis levels, as investors flocked to Treasurys while dumping bonds tied to commercial real estate and corporate debt.
Only a Buyer Knows a Home’s Value
The one point of widespread agreement in the real-estate industry: there is no single accurate index of home prices.
Global Crisis Douses Hawaii Tourism
High fuel prices, the bankruptcy filings of Aloha and ATA, and the nationwide slump in consumer confidence have slammed Hawaii's tourism industry.
