Real Estate: Real Estate Industry
Massive Motown foreclosure auction
Nearly 700 homes in the Detroit area will be auctioned on Sept. 21 through the Sept. 23, one of the biggest home auctions ever. Read more…
FTC criticizes misleading mortgage ads
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Luminent shores up mortgage assets
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A mortgage meltdown of ill repute?
A New York couple was accused of turning their home into a brothel, according to a report published Tuesday, in what could be one of the strangest outcomes of the troubled housing market. Read more…
KBW to expand REIT ratings
KBW, a leading investment bank specializing in banks and other financial institutions, has expanded its research into real estate investment trusts. Read more…
Countrywide plans to slash up to 12,000 jobs
Troubled subprime mortgage lender Countrywide Financial Corp. plans to slash as many as 12,000 jobs over the next three months, according to company statement released late Friday. Read more…
A big payoff from the tiniest room
Adding a new bathroom will enhance your quality of life - and the value of your property - like few other home improvement projects will. Put in a master bath, and you won't have to take turns with the kids every morning. Install a powder room, and dinner guests won't have to traipse through your private terrain. Read more…
Homes entering foreclosure at record
The delinquency rate for mortgage borrowers continued to climb in the second quater, to 5.12 percent of all outstanding mortgages, up from 4.39 percent a year ago. Read more…
Treasury official: Subprime upheaval not over
The full impact of the upheaval in financial markets "has yet to play out," a top administration official said Wednesday, while stressing that the effect will be dampened somewhat by solid economic growth. Read more…
Mortgage applications climb
Mortgage application volume increased 1.3 percent in the past week, according to a report Wednesday. Read more…
