Commercial mortgages loans

Commercial mortgages loans

NEW YORK, Aug 27 (Reuters) - A New York City commercial property that may signal growing problems in the sector could avoid foreclosure, but Standard & Poor's doubts that the $225 million loan on the building is out of the woods, the rating agency ...

Riverton Apt in New York may avoid foreclosure - Reuters

Three months ago, Eric Gray saw an opportunity to scoop up a vacant retail property in New York City's borough of Brooklyn. But he had a problem, one that has been plaguing many real-estate investors and owners: The nation's banks, burned by years of ...

Hedge funds help fill gap for lending property - AZCentral.com

Wall Street revved up Wednesday afternoon, extending modest early gains despite higher oil prices. Fickle investors embraced news that durable goods orders climbed in June and July, and the sunnier outlook on the economy had stocks comfortably in the ...

Energy Fuels The Market - Forbes

(Reuters) - Pacific Investment Management Co, the manager of the world's biggest bond fund, is seeking as much as $5 billion to buy mortgage-backed debt that has plunged in value due to the subprime crisis, Bloomberg reported, citing two investors ...

Pimco seeks $5 billion to buy distressed debt: Bloomberg - Reuters

WASHINGTON (Reuters) - The U.S. savings and loan industry set aside a record $14 billion for bad debt provisions in the second quarter, amid predictions from its regulator that thrifts are only halfway through the credit crisis. Industrywide, the ...

U.S. thrifts only half through down credit cycle-OTS - Forbes

Norway's massive pension fund built on oil revenues isn't immune to the troubles that have stemmed from rotten American home loans. Troubled housing markets in the US may affect Norway's oil fund. PHOTO: ELAINE THOMPSON/AP Fund managers have placed ...

Oil fund exposed to troubled US mortgage market - Aftenposten

The list of "problem banks" kept by federal regulators rose to a 15-year high in the second quarter. But bank watchdogs who spoke in Bloomington on Wednesday warned that the list already is growing longer -- thanks to loans going bad in a hurry. And ...

Commercial loans straining Minnesota banks - Minneapolis Star Tribune

DENVER , Aug. 27 /PRNewswire-USNewswire/ -- Henry Cisneros , former secretary of the US Department of Housing and Urban Development (HUD), declared today that the housing industry is in a "truly dangerous place" and that significant steps must be ...

Former HUD Secretary Cisneros Cites Housing Decline as Unprecedented ... - MSN MoneyCentral

WASHINGTON -- Federal regulators Tuesday boosted to $8.9 billion the estimated cost of IndyMac Bank's failure and prepared the public for more collapses, reporting that the number of troubled U.S. banks shot up 30% in just three months. The Federal ...

More bank failures may be on the way, FDIC warns - Los Angeles Times

Aug. 27 (Bloomberg) -- Pacific Investment Management Co., the biggest manager of bond funds, is seeking as much as $5 billion to buy mortgage-backed debt that plunged in value after the subprime market collapsed, according to two investors with ...