By TERRY PRISTIN : One of the last huge transactions involving a leveraged buyout of a public real estate company was last year’s $22.2 billion acquisition by Tishman Speyer and Lehman Brothers of Archstone-Smith, an apartment landlord with a national portfolio of nearly 88,000 luxury rental units.
But not long after the deal was announced, the […]
Posted on August 13th, 2008 by admin
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The Debt Trap : By MARK LANDLER : ISTANBUL — In Turkey, where borrowing money was until very recently a family affair, being in debt carried a fearful stigma. Some here even likened it to the disgrace that drives people to commit the honor killings that still occur in parts of this society.
Business, credit […]
Posted on August 10th, 2008 by admin
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By TARA SIEGEL BERNARD : If you are a prospective home buyer waiting for the bottom of the housing market, there is another fact you need to take into account: mortgage rates are rising.
Rates on a 30-year fixed-rate loan, which were as low as 5.89 percent in mid-April, have been climbing and now remain near […]
Posted on August 9th, 2008 by admin
Filed under: Loan, Finance, Business | No Comments »
By VIKAS BAJAJ : Mortgage rates are rising because of the troubles at the loan finance giants Fannie Mae and Freddie Mac, threatening to deal another blow to the faltering housing market.
Even as policy makers rushed to support the two companies, home loan rates approached their highest levels in five years.
The average interest rate for […]
Posted on July 23rd, 2008 by admin
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By GRETCHEN MORGENSON : The collection agencies call at least 20 times a day. For a little quiet, Diane McLeod stashes her phone in the dishwasher.
But right up until she hit the wall financially, Ms. McLeod was a dream customer for lenders. She juggled not one but two mortgages, both with interest rates that rose […]
Posted on July 20th, 2008 by admin
Filed under: Finance, Debt and Mortgage, Business | No Comments »
By CHRISTINE HAUGHNEY
Barbara Sanz has never missed a mortgage payment, but the plunge in real estate is punishing condominium owners like her anyway.
Four years ago, she bought her first condo in a glassy new Miami tower when the building was filling up. Now nearly one in six residents in the 43-story building is battling foreclosure […]
Posted on May 15th, 2008 by admin
Filed under: Mortgage, Finance, Business | No Comments »
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