http://psfsbo.com rss description en Copyright 2009, psfsbo.com Wed, 19 Mar 2008 19:48:43 +0000 Wed, 19 Mar 2008 19:48:43 +0000 Category RSS generator http://blogs.law.harvard.edu/tech/rss 60 http://psfsbo.com/img/ http://psfsbo.com http://psfsbo.com/news/real-estate/real-rstate-Industry/Thornburg-Mortgage-creditors-agree-to-one-year-breather/ Thornburg Mortgage Inc.'s five largest creditors have agreed to give the "super jumbo" lender a one-year reprieve from margin calls if it can raise nearly $1 billion in seven business days. Thornburg is offering 12 percent interest to anybody willing to buy notes that will mature on April 1, 2015. The notes would be convertible into common stock at 75 percents per share, the lender said in a regulatory filing.  more...read more Real Estate: Real Estate Industry http://psfsbo.com/news/real-estate/real-rstate-Industry/Thornburg-Mortgage-creditors-agree-to-one-year-breather/ Wed, 19 Mar 2008 19:48:43 +0000 http://psfsbo.com/news/real-estate/real-rstate-Industry/Connecticut-statewide-MLS-launches-public-site/ A statewide multiple listing service in Connecticut this week launched a public property-search site that features about 31,000 property listings. CTreal.com features interactive mapping for home searches including a drawing tool called "Sherpa" that allows users to define a specific home-search area on its Google-based mapping platform.  more... read more Real Estate: Real Estate Industry http://psfsbo.com/news/real-estate/real-rstate-Industry/Connecticut-statewide-MLS-launches-public-site/ Wed, 19 Mar 2008 19:48:41 +0000 http://psfsbo.com/news/real-estate/real-rstate-Industry/Zillow-lands-first-MLS-deal/ Seattle-based Zillow.com scored its first partnership with a multiple listing service to feed for-sale property information to the national real estate site. MLS Property Information Network, a privately owned MLS serving the New England area, will begin feeding listings to Zillow on a daily basis, the companies announced today. MLS PIN has about 30,000 participants, and the organization manages a database of approximately 60,000 homes for sale.  more...read more Real Estate: Real Estate Industry http://psfsbo.com/news/real-estate/real-rstate-Industry/Zillow-lands-first-MLS-deal/ Wed, 19 Mar 2008 19:48:38 +0000 http://psfsbo.com/news/real-estate/real-rstate-Industry/Regulators-relax-capital-requirements-for-Fannie-Freddie/ Federal regulators say they're giving Fannie Mae and Freddie Mac additional leeway to buy up to $200 billion in mortgages and mortgage-backed securities by relaxing stringent capital requirements put in place in 2004 in the wake of management and accounting scandals.  more...read more Real Estate: Real Estate Industry http://psfsbo.com/news/real-estate/real-rstate-Industry/Regulators-relax-capital-requirements-for-Fannie-Freddie/ Wed, 19 Mar 2008 19:48:37 +0000 http://psfsbo.com/news/real-estate/real-rstate-Industry/California-sees-dwindling-home-sales-prices/ Although February home sales across Southern California and the San Francisco Bay Area picked up from January, they posted huge declines from a year ago and median prices tumbled. According to real estate information service DataQuick, home sales last month in the six-county Southern California region limped along at the slowest pace ever for a February -- with just 10,777 new and resale houses and condos changing hands. That's a 39 percent decrease from the 17,680 sales reported in February 2007, but an 8 percent jump from 9,983 sales in January 2008.  more...read more Real Estate: Real Estate Industry http://psfsbo.com/news/real-estate/real-rstate-Industry/California-sees-dwindling-home-sales-prices/ Wed, 19 Mar 2008 19:48:30 +0000 http://psfsbo.com/news/real-estate/real-rstate-Industry/Home-loan-apps-fall-in-weekly-survey/ Despite a considerable drop in long-term mortgage rates, borrowers last week were not breaking down the doors of lenders trying to get a piece of the action, the Mortgage Bankers Association reported today. According to MBA, home loan application volume fell 2.9 percent last week on a seasonally adjusted basis from the previous week, led by a 4.6 percent decline in the refinance index and a 1 percent drop in the index that tracks purchase loans.  more...read more Real Estate: Real Estate Industry http://psfsbo.com/news/real-estate/real-rstate-Industry/Home-loan-apps-fall-in-weekly-survey/ Wed, 19 Mar 2008 19:48:28 +0000 http://psfsbo.com/news/real-estate/real-rstate-Industry/Overnight-real-estate-rates-sink-further/ Long-term mortgage interest rates continued to fall Tuesday, and the benchmark 10-year Treasury bond yield climbed to 3.49 percent. The 30-year fixed-rate average dropped to 5.66 percent, and the 15-year fixed rate fell to 5.04 percent. The 1-year adjustable rate, however, rose to 5.34 percent. The 30-year Treasury bond yield increased to 4.35 percent. Rates and bonds are current as of 7:15 p.m. Eastern Standard Time.  more...read more Real Estate: Real Estate Industry http://psfsbo.com/news/real-estate/real-rstate-Industry/Overnight-real-estate-rates-sink-further/ Wed, 19 Mar 2008 19:48:26 +0000 http://psfsbo.com/news/real-estate/M-T-Bank-Q4-profit-sinks-Reuters/ Reuters - M&T Bank Corp , the first large U.S. bank to report fourth-quarter results, said on Monday that profit tumbled 70 percent, hurt by debt write-downs and turmoil in residential real estate markets. Real Estate http://psfsbo.com/news/real-estate/M-T-Bank-Q4-profit-sinks-Reuters/ Mon, 14 Jan 2008 15:00:14 +0000 http://psfsbo.com/news/real-estate/Luxury-Shoppers-Shut-Their-Purses-BusinessWeek-Online/ BusinessWeek Online - For months, high-end retailers posted healthy sales increases, thumbing their noses at dismal reports of slumping home sales, risky mortgages, and rising energy prices. But now it looks as though even well-heeled consumers are pulling back. On Jan. 10, the upscale department store Nordstrom said that December sales at stores open at least a year fell 4% from last year, compared with an 8.7% increase in November. Saks , New York's Fifth Avenue luxury mainstay, also reported that its same-store sales were up a mere 0.8%, compared with a 25. ... Real Estate http://psfsbo.com/news/real-estate/Luxury-Shoppers-Shut-Their-Purses-BusinessWeek-Online/ Mon, 14 Jan 2008 15:00:12 +0000 http://psfsbo.com/news/real-estate/UBS-allows-staff-share-bonus-sale-after-1-year-report-Reuters/ Reuters - UBS , struck with billions of dollars of writedowns on subprime exposures, is trying to persuade investment bankers to stay with the company by allowing them to sell some of their share-based bonuses after just one year, the Financial Times reported. Real Estate http://psfsbo.com/news/real-estate/UBS-allows-staff-share-bonus-sale-after-1-year-report-Reuters/ Mon, 14 Jan 2008 10:00:15 +0000 http://psfsbo.com/news/real-estate/Mayors-face-test-of-spreading-foreclosures-Reuters/ Reuters - Mayor Douglas Palmer, meeting with visitors at City Hall, points to a large map peppered with dark dots. Each one represents a home or group of homes on the verge of foreclosure, and there are dozens all over the city. Real Estate http://psfsbo.com/news/real-estate/Mayors-face-test-of-spreading-foreclosures-Reuters/ Mon, 14 Jan 2008 10:00:12 +0000 http://psfsbo.com/news/real-estate/GM-No-spike-in-car-loan-defaults-AP/ AP - General Motors Corp.'s top finance executive said Sunday he doesn't see the subprime mortgage mess spreading into auto loans at the company's former credit arm, GMAC financial services. Real Estate http://psfsbo.com/news/real-estate/GM-No-spike-in-car-loan-defaults-AP/ Mon, 14 Jan 2008 05:00:13 +0000 http://psfsbo.com/news/real-estate/Obama-unveils-120-billion-stimulus-plan-AP/ AP - Democrat Barack Obama on Sunday unveiled an economic stimulus package costing up to $120 billion that his campaign said would put money in the hands of workers and seniors, stem the foreclosure crisis and cover state budget shortfalls. Real Estate http://psfsbo.com/news/real-estate/Obama-unveils-120-billion-stimulus-plan-AP/ Mon, 14 Jan 2008 00:00:19 +0000 http://psfsbo.com/news/real-estate/Cautious-chief-with-an-impulse-for-innovation-FT-com/ FT.com - Bill Weldon remembers talking to his wife about problems in the US housing market long before the credit squeeze set in. The chief executive of Johnson & Johnson had been perplexed for some time by the number of people who were over-extending themselves by taking on large mortgages - a trend distinctly at odds with his self-confessed prudence. Real Estate http://psfsbo.com/news/real-estate/Cautious-chief-with-an-impulse-for-innovation-FT-com/ Mon, 14 Jan 2008 00:00:16 +0000 http://psfsbo.com/news/real-estate/Barack-Obama-proposes-75-billion-stimulus-plan-Reuters/ Reuters - Amid growing worries about a worsening of the U.S. economy, Democratic presidential candidate Barack Obama proposed a $75 billion economic stimulus plan on Sunday that includes worker tax credits, a one-time pension supplement and help to homeowners facing foreclosure. Real Estate http://psfsbo.com/news/real-estate/Barack-Obama-proposes-75-billion-stimulus-plan-Reuters/ Sun, 13 Jan 2008 20:00:11 +0000 http://psfsbo.com/news/real-estate/BofA-to-pay-4-1B-to-buy-Countrywide-AP/ AP - Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country's biggest mortgage lender and expands the financial services empire of the nation's largest consumer bank. Real Estate http://psfsbo.com/news/real-estate/BofA-to-pay-4-1B-to-buy-Countrywide-AP/ Sat, 12 Jan 2008 15:00:17 +0000 http://psfsbo.com/news/real-estate/Rightmove-expects-to-show-record-year-FT-com/ FT.com - Rightmove, the UK's largest property sales website, has shrugged off concerns about the housing market with expectations of a record 2007. Real Estate http://psfsbo.com/news/real-estate/Rightmove-expects-to-show-record-year-FT-com/ Sat, 12 Jan 2008 15:00:15 +0000 http://psfsbo.com/news/real-estate/Many-new-mortgages-dubbed-subprime-FT-com/ FT.com - Almost one in five new mortgages written in 2007 was either dubbed "subprime" by the bank that loaned the funds or was made to a homebuyer who offered no proof of income, according to an industry trade association. Real Estate http://psfsbo.com/news/real-estate/Many-new-mortgages-dubbed-subprime-FT-com/ Sat, 12 Jan 2008 15:00:13 +0000 http://psfsbo.com/news/real-estate/Bank-M-A-heats-up-amid-subprime-fallout-AP/ AP - The bank branch on the corner might be changing names — again. Get set for the next wave of consolidation that could sweep through the nation's banking industry this year. Chief executives at some of the top regional players might be mulling deals to salvage businesses pummeled by the subprime mortgage market's collapse. Real Estate http://psfsbo.com/news/real-estate/Bank-M-A-heats-up-amid-subprime-fallout-AP/ Sat, 12 Jan 2008 10:00:15 +0000 http://psfsbo.com/news/real-estate/New-York-probes-Wall-St-banks-over-suprime-data-report-Reuters/ Reuters - New York prosecutors are investigating whether Wall Street banks withheld information about the risks stemming from subprime loan-linked investments, The New York Times reported on Saturday. Real Estate http://psfsbo.com/news/real-estate/New-York-probes-Wall-St-banks-over-suprime-data-report-Reuters/ Sat, 12 Jan 2008 10:00:13 +0000