County sees highest recorded year for foreclosures
County sees highest recorded year for foreclosures
By BEN FORNELL Staff Writer Jan Stout had just closed the 93rd foreclosure file she’s worked on this year when the FedEx man showed up.
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Categories: mortgage meld Tags: COUNTY, foreclosures, Highest, recorded, sees, year
U.K. Fourth Quarter Repossession Orders Drop 42% on Year
U.K. Fourth Quarter Repossession Orders Drop 42% on Year
Feb. 11 (Bloomberg) — U.K. orders to repossess homes dropped 42 percent from a year earlier in the fourth quarter, the Ministry of Justice said today on its Web site.
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Categories: mortgage meld Tags: Drop, fourth, Orders, quarter, Repossession, U.K., year
Lincoln Financial Group Reports Fourth Quarter and Full Year 2009 Results
Lincoln Financial Group Reports Fourth Quarter and Full Year 2009 Results
Lincoln Financial Group today reported net income of $102 million, or $0.27 per diluted share available to common stockholders, for the fourth quarter of 2009 and a net loss of $485 million, or $1.85 per share available to common stockholders, for the full year of 2009.
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Categories: mortgage meld Tags: 2009, financial, fourth, full, group, Lincoln, quarter, reports, Results, year
Fitch: New Year, No Improvement as U.S. Prime Jumbo RMBS Delinquencies Approach 10%
Fitch: New Year, No Improvement as U.S. Prime Jumbo RMBS Delinquencies Approach 10%
NEW YORK—-U.S. prime jumbo loan performance continued to weaken in January as serious delinquencies rose for the 32nd consecutive month, according to Fitch Ratings in the latest edition of Performance Metrics.
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Categories: mortgage meld Tags: Approach, Delinquencies, Fitch, Improvement, Jumbo, Prime, RMBS, U.S., year
Real Estate Weekly: Home prices likely to fall another 10% this year
Real Estate Weekly: Home prices likely to fall another 10% this year
A recent research report predicts that home prices will fall another 10% this year. And after the housing downturn the country has been through, Americans could remain disillusioned about homeownership as a way to build wealth for years to come.
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Categories: mortgage meld Tags: another, Estate, Fall, Home, likely, prices, Real, This, Weekly, year
L&G launches 2 year fixed rates with Accord
L&G launches 2 year fixed rates with Accord
Martyn Smith, head of mortgage products at Legal & General, said: “The mortgage market is hotting up and competition is increasing. These are really competitive fixed rate deals and will be very attractive to anyone worried by the recent news on inflation.”
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A tough year on display at home-builders’ show
A tough year on display at home-builders’ show
The International Builders’ Show will go on here this week without its signature exhibit, The New American Home, which for years has served as a showcase for some of the latest trends in building, design and home products.
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Categories: mortgage meld Tags: display, homebuilders', show, tough, year
Silicon Valley office vacancies to remain high this year
Silicon Valley office vacancies to remain high this year
Average monthly rents for Silicon Valley office space are expected to drop to $1.87 per square foot in the second half of this year, down 28 percent from $2.58 at the end of 2009.
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Fed posts record profit of $46.1B for last year
Fed posts record profit of $46.1B for last year
The Federal Reserve made a record profit of $46.1 billion last year, reflecting money made off its extraordinary efforts to rescue the country from the worst economic and financial crisis since the 1930s, the central bank announced Tuesday.
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Mortgage rates end the year above 5 percent
Mortgage rates end the year above 5 percent
Mortgage rates rose for the fourth straight week, ending the year above 5 percent.
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