May 6, 2008

Late breaking news

Filed under: News — neberu @ 6:41 pm

US dollar falls on Fannie Mae loss

The US dollar fell for a second day against the euro as Fannie Mae reported a larger-than-expected $US2.19 billion loss, indicating the worst of the housing-led economic slowdown may not be over.

Fitch Downgrades & Assigns Distressed Recovery Ratings to 2 Classes of Mezz Cap 2004-C1

Fitch Ratings has downgraded and assigned distressed recovery ratings to Mezz Cap’s commercial mortgage pass-through certificates, series 2004-C1, as follows: –$4.4 million class H to ‘B-/DR1′ from ‘B’; –$0.5 …

Calculate the interest rate you’ll be paying, factoring in fees along the way

The Mortgage Calculator This calculator is designed to do three things: 1) Calculate a simple monthly payment 2) Figure the effects of prepaying your mortgage and 3) Analyze the composition of your monthly …

Doubting the Viability of Fannie Mae

UBS said that it would have first-quarter losses of $10.9 billion and would cut 5,500 jobs, nearly half in its investment banking unit.

Bernanke Supports Expanded FHA

Democratic efforts to enact a large-scale, taxpayer-funded rescue of struggling homeowners got a big boost Monday when Federal Reserve Chairman Ben Bernanke pledged his support for the initiative’s main policy …

Feds Cut Fannie Mae Slack After Big Loss

DOW JONES NEWSWIRES U.S. regulators lifted a consent order on Fannie Mae and lowered the amount of capital it must hold, even as the government-sponsored mortgage finance giant swung to a $2.19 billion …

Fannie’s dismal housing outlook

Mortgage financer Fannie Mae warned Tuesday that the tumbling home values and loan defaults that have crippled the U.S. economy are likely to worsen, after posting a far larger-than-expected first-quarter loss.

House prices lowest for three years

HOME values in the United States have dropped 7.7 percent in the first quarter to the lowest in almost three years, according to an online real estate data provider.

Complete guide to caller ID spoofing: Safeguarding your resources

A clever, albeit annoying, example of caller ID spoofing recently hit Delaware’s largest city, Wilmington.

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Late breaking news

Filed under: News — neberu @ 4:41 pm

Investing For Dummies, 4th Edition.

Investing For Dummies, 4th Edition
by: Eric Tyson
publisher: Wiley
, released: 12 December, 2005

price: $14.95 (new), $8.94 (used)

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Late breaking news

Filed under: News — neberu @ 1:41 pm

How To Buy Your First Home, Second Edition.

How To Buy Your First Home, Second Edition
by: Diana Summers
publisher: Sphinx Publishing
, released: 01 May, 2005

price: $10.17 (new), $6.14 (used)

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Late breaking news

Filed under: News — neberu @ 11:41 am

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Country Legend Loretta Lynn says she just loves to work

Instead, the two unlikely partners talk on the phone and insist they’re going to team up again. The real shocker? ‘Jack White’s more country than Conway’ n Twitty, Lynn’s longtime duet partner. ‘Conway’s first song was a rock song — ‘Only Make Believe’

Maiden flight touches down

trams that take passengers between the terminals in the sprawling Hartsfield-Jackson Atlanta International Airport.’All the advance bookings are real strong,’ said Jim Pitts, the airport’s director of marketing and business development. Next week

Morgan Stanley to ax 5%

last month that the credit crisis will last ‘a couple of quarters’ longer as it spreads to commercial real estate, subprime mortgages in Europe and U.S. midsized banks. ‘It’s going to be a difficult year for the Street,’ Mack, 63, said at the firm’s

Hypo Real Estate’s 1Q pretax profit narrows, writes down €175 million

Hypo Real Estate’s 1Q pretax profit narrows, writes down ?175 million GEORGE FREYAP Business Writer FRANKFURT, Germany-Real estate investment bank Hypo Real Estate Holding AG said Tuesday its first quarter pretax profit

ORR delivers strong medicine

were tasked with composing a farewell letter to their loved ones. ‘I didn’t think it would feel as real as it did but by the time we were writing the goodbye letters to our families everyone was crying,’ Bridget Murphy said. ‘We didn’t get much sleep

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Late breaking news

Filed under: News — neberu @ 9:41 am

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Country Legend Loretta Lynn says she just loves to work

Instead, the two unlikely partners talk on the phone and insist they’re going to team up again. The real shocker? ‘Jack White’s more country than Conway’ n Twitty, Lynn’s longtime duet partner. ‘Conway’s first song was a rock song — ‘Only Make Believe’

Maiden flight touches down

trams that take passengers between the terminals in the sprawling Hartsfield-Jackson Atlanta International Airport.’All the advance bookings are real strong,’ said Jim Pitts, the airport’s director of marketing and business development. Next week

Morgan Stanley to ax 5%

last month that the credit crisis will last ‘a couple of quarters’ longer as it spreads to commercial real estate, subprime mortgages in Europe and U.S. midsized banks. ‘It’s going to be a difficult year for the Street,’ Mack, 63, said at the firm’s

Hypo Real Estate’s 1Q pretax profit narrows, writes down €175 million

Hypo Real Estate’s 1Q pretax profit narrows, writes down ?175 million GEORGE FREYAP Business Writer FRANKFURT, Germany-Real estate investment bank Hypo Real Estate Holding AG said Tuesday its first quarter pretax profit

ORR delivers strong medicine

were tasked with composing a farewell letter to their loved ones. ‘I didn’t think it would feel as real as it did but by the time we were writing the goodbye letters to our families everyone was crying,’ Bridget Murphy said. ‘We didn’t get much sleep

Tesco offers first contract options to local businesses in Everton stadium scheme

even thousands, of jobs could be created in the local labour market. After canvassing opinion on Kirkby Industrial Estate, he has compiled the signatures of doz-ens of companies that will ten-der for contracts from every-thing from skip hire to

Oklahoma City looks to Sonics to improve image

other communities and states,’ said former mayor Ron Norick. ‘We are not a cowtown anymore. We’ve become a real progressive city, where there are things for people to do.’ Leinberger said the Sonics’ eventual relocation will lead to the city being ‘taken

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Late breaking news

Filed under: News — neberu @ 8:40 am

Philippines real estate firm enters India

Mumbai: Ayala Corporation of Philippines and its affiliate, Arch Capital Management, plan to invest $100 million in the Indian property market in the next two years.

Best Selling Author to Hold Commercial Real Estate Investing Seminars

She plans to do this by offering commercial real estate investing seminars around the country beginning at the end of June.

Qatar’s Fund to Invest in Asian Property, U.S. Assets

Qatar Investment Authority, the Persian Gulf country’s $60 billion sovereign wealth fund, plans to invest in real-estate projects in Asian cities and said it’s considering buying distressed U.S. property …

The St. Joe Company to Host Conference Call to Review First Quarter Results

The St. Joe Company announced today that it will host an interactive conference call to review the company ‘ s results for the first quarter ended March 31, 2008.

The Future of the Foreclosure Market

Over the next five years, one out of every 8 American homeowners will end up in foreclosure, and estimate of approximately 6.5 million families - ‘ is the grim prediction of investment bank Credit Suisse.

Futures Point to More Losses

Housing Housed: Fannie Mae, D.R. Horton disappoint with losses. Still Sliding: Stock futures point to another day in the red.

UBS to Dump Debt, Bankers; Asset Flows Dry Up

In a sign of how gloomy the outlook for investment banking has become, UBS AG said Tuesday it plans to cut 2,600 investment bankers this year.

Real-estate industries report 8.1% revenue increase in 2006

Real-estate agents, brokers, appraisers and other real-estate industries reported total operating revenues of $10.6 billion for 2006, an 8.1 per cent increase from 2005.

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Late breaking news

Filed under: News — neberu @ 5:47 am

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UPDATE: UBS To Cut 5,500 Jobs Amid 1Q Net Loss On Subprime

bank will axe 2,600 investment banking jobs mainly in London and New York after massive write-downs on dud mortgage securities, totaling over $37 billion. The remainder will be cut through natural attrition across the bank’s units, UBS said. Alongside

UBS Reports First Quarter Loss of CHF 11,535 Million, in Line with 1 April 2008 Pre-Announcement

First quarter 2008 Positions related to US mortgage market Capital strengthening Outlook ZURICH, Switzerland & BASEL, Switzerland–(BUSINESS WIRE)–Regulatory News: UBS reports a Group net loss attributable to shareholders of CHF 11,535 million for first

Renters also pay a high price when foreclosure hits

RENTERS OFTEN are particularly poignant victims of the mortgage and housing meltdown that has pushed so many homes into foreclosure. About a quarter of homes that go into foreclosure are rentals, and tenants often have just 30 days to

Indian Land opens doors to nuclear energy HQ

and development headquarters in Indian Land. The company already has moved about 20 employees into the former HSBC Mortgage building in EdgeWater Corporate Park near the intersection of U.S. 521 and S.C. 160.A company spokeswoman said about 100 workers

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Late breaking news

Filed under: News — neberu @ 4:51 am

Real estate site reflects drop in valley valuations

It’s not just old-school data companies lining up to deliver the bad news to homeowners anymore.

Foreclosure Fix

NEW York’s foreclosure rate remains well below the national average. One in every 1,631 households here faced foreclosure in March, compared to one in 538 nationwide, reports RealtyTrac.

Thumbs — Published May 6, 2008

San Joaquin County Supervisor Ken Vogel likened it to a once-in-a-lifetime “chance to buy your neighbor’s farm.” In this case, the county is buying the downtown Stockton offices of Bank of the West - Union Safe …

Futuris sees earnings be at high end

Diversified agribusiness Futuris Corporation Ltd expects earnings for the 2008 full financial year to reach the current range of market expectations as rain boosts activity in the farming sector.

UBS reports first-quarter net loss of $11 billion

Swiss bank UBS AG announced Tuesday it would cut 5,500 jobs and reported a net loss of 11.5 billion Swiss francs for the first quarter of this year.

SUPER-SELLER

PETRA Nemcova , the supermodel who survived a tsunami by hanging onto a tree, has branched out into real estate.

W. 54TH Demolition Derby Zuckerman to Battle Moinian

AN ugly dispute with next-door landlord Joseph Moinian is holding up work on Mort Zucker man ’s new Eighth Avenue office tower, threatening its planned completion in January 2010 and frightening apartment …

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Late breaking news

Filed under: News — neberu @ 2:52 am

Riverside Kia moves again

Riverside Kia has moved again, but it’s still on Riverside Drive. The Kia dealership moved this past weekend to join the Riverside Lincoln Mercury Ford dealership, said Terry Tiller, CEO and general manager of …

Service sector’s April growth is surprise

The Institute for Supply Management’s index of the service sector released Monday was 52 for April, a better-than-expected easing, up from 49.6 in March.

Swiss bank UBS reports 1Q net loss of $11 billion

Swiss bank UBS AG announced Tuesday it would cut 5,500 jobs and reported a net loss of 11.5 billion Swiss francs for the first quarter of this year.

SUV takes 40-foot plunge; driver lives

Looking at the upside-down SUV, it’s hard to believe the driver survived. Sandy Creswell, 51, of Woods Cross, was in fair condition at University Hospital on Monday, but a friend said Creswell doesn’t remember …

Daily Briefing

American Airlines said its U.S. passenger traffic fell 8.4 percent in April after it was ordered to ground its Boeing Co.

Real Estate by Christie Smythe: Aloft hotel may roost near campus

Real Estate by Christie Smythe Tucson used to be at the top of the list for Aloft, a trendy Generation-X-and-Y-centered hotel brand being launched by Starwood Hotels & Resorts Worldwide this year.

MuniMae suspends quarterly dividend

Municipal Mortgage & Equity LLC, the real estate and alternative energy project financier, said yesterday that it is suspending its quarterly dividend as it continues to deal with the fallout from the slumping …

UBS to cut 5,500 jobs, has BlackRock debt deal

UBS AG will cut 5,500 jobs or almost 7 percent of its workforce as Europe’s biggest subprime casualty reverses a rapid expansion into investment banking.

Wide open spaces

Not enough people are using the new 812-space parking garage in Washington. The Crossroads parking garage at 50 N. Franklin St., built primarily to serve the adjacent LandAmerica building, Millcraft Center and …

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