Tag Archives: Mortgages

Whale Aside, JPMorgan Makes Big Money off Mortgages; RBS Collects on IPO …

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Whale Aside, JPMorgan Makes Huge Money off Mortgages; RBS Collects on IPO …
The boost in profit is related largely to a spike in mortgage loan originations that counterbalanced an additional $ 449 million in derivative losses courtesy of the London Whale and caused CEO Jamie Dimon to declare "we believe the housing market has …
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10 Reasons Your College Major Matters
But now we can attach dollar signs to hard data, with the caveat that estimates are “not intended to be a prediction but an illustrative example of the magnitude of differences in earnings,” according to one Census report. Here are 10 things you should …
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ELECTION 2012 – Romney clearly is the superior money manager
Biden has numerous savings and checking accounts paying very low interest as well as numerous loans that charge much higher rates. So, in effect, the Bidens are just throwing money away. Even more disturbing is the Bidens' relatively low net worth …
Read more on Syracuse.com (blog)

Boldface: It's still Angello's, but it's no longer Jim's
“We used money from our wedding and a loan from his parents to buy the property,” Diane recalled. As the business grew, so did the facility and staff. Diane did the payroll even after their two sons were born. And Steve, his widow said, “really worked …
Read more on Canton Repository

Sternlicht Hedges Bets as Buying Tops Renting: Mortgages

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Sternlicht Hedges Bets as Buying Tops Renting: Mortgages
Barry Sternlicht, the Starwood Capital Group LLC founder who got his start buying distressed apartments in the early 1990s during the savings-and-loan crisis, is hedging his bets on apartments as a recovering homebuying market limits rent and occupancy …
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China Bankrolling Chavez's Re-Election Bid With Oil Loans
In a sign of how China wins twice from lending to Venezuela, much of the construction is being done by Chinese companies. Flores's apartment is one of 5,360 units being built on a plot of land two miles outside the state capital in Barinas by Citic …
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Mesa forgives interest on loan for senior apartment complex
21, 2012 09:08 AM The Republic | azcentral.com. Mesa is forgiving nearly half a million dollars worth of interest on an ancient loan that helped establish one of Arizona's premier senior apartment complexes. The City Council made that unanimous choice …
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Ugly No Barrier for Apartment Sales in German Boom: Mortgages

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Hideous No Barrier for Apartment Sales in German Boom: Mortgages
Buyers of large residential holdings should have plenty of choice as investors including private-equity firms sell nearly 100,000 apartments this year to repay debt taken on before the market peaked in 2008. Loans for the deals were typically packaged …
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Commercial and Multifamily Mortgage Delinquency Rates Continue to Decline
During the second quarter of 2012, the 60-plus day delinquency rate for commercial and multifamily mortgages held in life company portfolios increased 0.01 percentage points to 0.15 percent. The 60-plus day delinquency rate for multifamily loans held …
Read more on National Mortgage Professional Magazine

Slowing Job Creation, Tight Lending Hampers US Commercial Market Recovery …
"The difficulty small businesses have in getting commercial real estate loans for leasing or buy is keeping a lid on demand," Yun clarified. "Multifamily is the only commercial sector with a notable growth in new space, with some lending provided …
Read more on World Property Channel