By Al Yoon NEW YORK (Reuters) - Freddie Mac FRE, one of the major players in the U.S. mortgage market, on Wednesday posted its fourth straight quarterly loss as it braced for a prolonged housing market slump by setting aside twice as much...
By Steve Slater and Clara Ferreira-Marques LONDON (Reuters UK) - The government has been forced to provide up to 3 billion pounds of extra capital for state-owned Northern Rock as the housing market worsens and the bank reported a 585 million pound loss and soaring bad...
By Al Yoon - Analysis NEW YORK (Reuters) - U.S. mortgage market giants, Fannie Mae FNM and Freddie Mac FRE, may report further downgrades to their forecasts for credit losses in their upcoming second-quarter results, starting next week. The government-sponsored enterprises have already...
The housing market may be taking a hit, but the digital real estate market is taking off. Digital Realty Trust Inc. DLR, a landlord of data centers, can hardly keep up with demand.
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VANCOUVER, BRITISH COLUMBIA, Sep 19, 2007 CCNMatthews via COMTEX -- On top of the shaky economic climate and the oscillating credit markets, the US housing market foreclosure forecasted for 2007 is expected to be more than double the amount in 2006 VANCOUVER, BRITISH COLUMBIA, Sep 19,...
One little remarked upon reality of this summer's housing meltdown: it alters the landscape for employment related relocations. With the real estate market in a slump, don't be surprised if your employees are reluctant to sell their homes and move. A survey out from Worldwide ERC found that: More...
While the sub-prime mortgage fallout has impacted some retailers such as Home Depot, Lowe's and Sears, overall, the Houston retail real estate market continues to grow and expand. Area-wide, occupancy in the Houston area is down, and as a result, rental rates for retail space is also down. But with...
The housing market's recent slowdown has had a ripple effect that can be felt across all markets, and retail is no exception. Many retailers such as Lowe's, Home Depot, and Sears have especially been hit. The nation's number one home improvement retailer, Home Depot, recently reported that it expects earnings...
In the Houston area, the apartment market saw impressive growth in occupancy due to the increase in foreclosures as a result of the sub-prime lending fallout. The foreclosures forced many homeowners to relocate back to multifamily housing. In particular, Classes A and C properties saw the greatest increase in occupancy...
While homeowners lose their homes to foreclosure at the highest rate in recent history, the multifamily housing market is reaping the benefits. In particular, Class B and C properties are seeing higher occupancy levels in the past two quarters in the Dallas/Ft. Worth metroplex. Dallas/Fort Worth area apartment second-quarter occupancy...
Navigating the housing market can be challenging, but buyers and sellers relocating into or out of the Twin Cities sometimes have a not-so-secret weapon: their employers. Employee relocation services have been a long-standing benefit at many companies, particularly for the upper ranks of executives, but in nowadays' housing market, it's...
This month truly exemplified the unpredictable nature of the stock market. Just as investors seemed to embrace a renewed faith in steady interest rates and unrelenting mergers and acquisitions, questions surrounding the housing market and federal int This month truly exemplified the unpredictable nature of the...
Being a professional mortgage lender and broker, the author likes to believe that most people in the business are honest, reliable and knowledgeable. While this is true to a large extent, the relatively few bad guys in this business make everyone look bad. The housing market has cooled and interest...
The strength of the housing market and the rapid rise in house prices have led many to conclude that housing is a bubble now ready to burst. But the housing market is lifted by numerous factors that suggest that the cycle could last longer than many think. Despite record mortgage...
Byline: Brooke Southall Conflicting financial indicators have advisers on edge in trying to get a grip on securities markets as a hot summer wears on. Tamer inflation, a weaker housing market and a Federal Reserve Board...
Oakwood Worldwide is a leader in the corporate housing market. With $1.6 billion in properties representing more than 30,000 residential units, the company handles 75,000 move-ins annually. Working with an outdated legacy customer contact system, Oakwood was having trouble staying ahead of changes in its marketplace. The company selected a...
Any review of prospects for the Irish economy and its consumers should take into account the country's housing market. In its March 2, 2006 sketch of Ireland's economy, the Organization for Economic Cooperation and Development OECD said in classic Any review of prospects for the...