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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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 CHARLES DUHIGG : As home prices decline and Washington struggles to end the economic malaise, Wall Street is starting to send a sobering message: The worst is yet to come.
One of the strongest warning signs came Monday, when shares of the nation’s most important mortgage companies, Fannie Mae and Freddie Mac, plummeted. After falling […]
Posted on July 8th, 2008 by admin
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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
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By DAVID STREITFELD : ELK GROVE VILLAGE, Ill. — The foreclosure crisis is hitting yet another American locale: the self-storage center.
As they lose their homes, people are turning to these humble cinderblock and sheet-metal boxes to store their stuff. But some people cannot keep up with their storage bills any better than they could handle […]
Posted on May 11th, 2008 by admin
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By VIKAS BAJAJ : As American homeowners fall behind on their mortgages in growing numbers, bankers and policy makers worry that while many of these people cannot pay, some simply will not.
Millions of Americans are “upside down” on their mortgages — they owe more on their homes than their homes are worth. So far, however, […]
Posted on May 10th, 2008 by admin
Filed under: Mortgage, Business | No Comments »
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