Mortgage and Financial News From 2010-1-5 Page 01
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Retail centers mired in foreclosures - Contra Costa Times
Five retail centers in the Bay Area have belly-flopped into bankruptcy, listing at least $39 million in debts, an ominous sign that consumers may still be struggling and the credit squeeze isn't over. The retail developments that are mired in Chapter ...
2010-01-05 11:06:00 -
Some readers still flipping out about buyers who flip houses - Deseret News
I know it's a new year, and that means we should leave all of the trouble and discord from 2009 in the past. But I can't resist revisiting one of the most contentious issues I wrote about last year. Back in the fall, I shared an e-mail from a reader ...
2010-01-05 10:16:00 -
Lofty plans for former Bentley's - Windsor Star
WINDSOR, Ont. -- A downtown Windsor building that has sat vacant for two years is slated to be transformed into loft-style apartments. Formerly home to Bentley's Roadhouse, the building at 747-757 Ouellette Ave. will be renovated into 16 one-bedroom ...
2010-01-05 11:06:00 -
California mortgage rates among lowest in nation - Sacramento Bee
California and Colorado had the nation's lowest interest rates for 30-year fixed mortgages for the week ending Jan ... Nationally, rates for the 30-year benchmark loan last week averaged 5.05 percent. That was up from 4.93 percent a week earlier ...
2010-01-05 09:33:00 -
Distress Calls Begin to Go Out - Wall Street Journal
Big-name investors have swooped in on two high-profile commercial real-estate assets in a sign that activity is returning to the investment-property market. Private-equity firm CIM Group has teamed up with New York developer Harry Macklowe to help ...
2010-01-05 11:06:00 -
JFP Group projects in foreclosure - Cincinnati.com
A Dec. 8 filing by Bank of America against JFP Delhi Property LLC claiming it owed nearly $1.2 million on a $1.7 million loan executed in November 2006 for the acquisition and development of property to build a new retail center. The case is pending ...
2010-01-05 10:59:00 -
Business Digest - CharlotteObserver.com
In May, Mesa Air Group Inc. warned it would file for bankruptcy if Delta Air Lines Inc. succeeded in canceling a flying contract with the regional carrier. More than seven months later, despite blocking the move in court, Mesa has filed for Chapter ...
2010-01-05 10:52:00 -
Optimism Is Fresh Arrival in California Cul-de-Sac - New York Times
MORENO VALLEY, Calif. — Phil Winkler pays a neighborhood kid to mow his lawn, that small-bore transaction of the American suburb, where adults are generally busy and teenagers offer a price that’s right. But for Mr. Winkler, the relinquishing of ...
2010-01-05 11:20:00 -
Slowing Pace of Home Sales Raises Fears of New Retreat - New York Times
The number of houses placed under contract fell sharply in November in the first drop in nearly a year, figures released Tuesday show. It was the clearest sign yet that predictions of another downturn in real estate may become a reality. The National ...
2010-01-05 11:20:00 -
Nixon (again) touts bond package that could total $1 billion - Kansas City Star
Missouri Gov. Jay Nixon again today touted a plan that would have the state borrow up to $1 billion to deal with a slew of state needs. Fellow Democrat Chris Kelly, a state rep from Columbia, also is pushing the idea . In a visit with The Star's ...
2010-01-05 06:55:00 -
Heirs to Fortuyn? - City Journal
Muslim immigration and sclerotic welfare states push Europe right (sort of). Files/epa/Corbis Before he was assassinated, Dutch politician Pim Fortuyn rose to prominence with his outspoken opposition to Islamic extremism. W hen the New Left emerged ...
2010-01-05 06:27:00 -
U.K. Consumer Confidence Falls Most in a Year, Nationwide Says - Bloomberg
Jan. 6 (Bloomberg) -- U.K. consumer confidence fell in December by the most in more than a year as expectations for the economy deteriorated, Nationwide Building Society said. The index of consumer sentiment declined five points from the previous ...
2010-01-05 05:58:00 -
GMAC expects $5B 4Q loss, selling mortgage assets - Merced Sun-Star
WASHINGTON -- GMAC Financial Services, the auto lender now majority owned by the government, said Tuesday it expects to report a loss of about $5 billion in the fourth quarter thanks to its deeply discounted sales of underperforming mortgage loans ...
2010-01-05 06:12:00 -
Yen Falls Versus Higher-Yield Currencies as Risk Appetite Rises - Bloomberg
Jan. 6 (Bloomberg) -- The yen declined against higher- yielding currencies on speculation gains in Asian stocks will spur demand for riskier investments. Japan’s currency weakened versus 14 of its 16 major counterparts after the cost of protecting ...
2010-01-05 08:57:00 -
Japan Eyes New Finance Minister to Replace Tired Fujii - CNBC
Japan looks set to need a new finance minister, with ill health likely to force out Hirohisa Fujii, a choice Prime Minister Yukio Hatoyama ... reaction may be limited, said Makoto Yamashita, chief Japan interest rate strategist for Deutsche ...
2010-01-05 09:11:00