7 Articles match "Funds","Houses","New York"

• The Best from RealtyTrac

  MORE

• The $3 Billion Foreclosure Payday
  
  That puts the Wall Street hedge-fund manager among the top 150 richest Americans. During the last housing slump, Paulson was a foreclosure investor, buying two distressed properties; a New York apartment and a large home in the Hampton on Long Island. By 1994, he started his own hedge fund with $2 million and built it into a $500 million nest egg by 2002. You may not know who John Paulson is, but you soon will. Last year, Paulson made $3 billion betting on foreclosures .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Fed's Latest Moves No Real Surprise
  
  Following what is now a familiar and conservative wait-and-see strategy towards the nation’s economy, and reactionary as usual, Bernanke and the Federal Open Market Committee left their short-term federal funds rate at 2 percent. Tight credit conditions, the ongoing housing contraction, and some slowing in export growth are likely to weigh on economic growth over the next few quarters.” Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Celebrity Foreclosures
  
  Rich people, it turns out, are just as vulnerable as poor folks to foreclosure. New York Post celebrity real estate columnist Braden Keil today reported that Veronica Hearst, the widow and third wife of Randolph “Randy” A. in 2000 from shopping-mall magnate and Indiana Pacer co-owner Melvin Simon, and his wife, Democratic Party fund-raiser Bren, who had paid $6 million for it in 1986. Hearst, is fighting foreclosure proceedings on her 5.1 acre oceanfront estate in Manalapan, just south of Palm Beach, Fla.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Back to Wait and See for the Fed
  
  The Federal Open Market Committee took the advice Wednesday of all the financial analysts and market watchers and did absolutely nothing with the short term Federal Funds Rate (FFR). After whittling away at the rate over time from a high of 5.25 This move by the Fed is recognition of the fact that further increases in oil prices threaten the economy by pushing up prices in goods and services, according to the New York Times . percent back in August 2007 down to 2 percent last month, the Fed has decided to go back to the wait-and-see stance Chairman Ben Bernanke established when he first took over the reins of the agency back in August 2006.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Rate Cut, Real GDP Are Some Positive News
  
  In the first, and the more closely watched of the two, the Federal Reserve took a much anticipated move to lessen the pressure on the nation’s economy by lowering the federal funds rate another 25 basis points to 2 percent (that’s a long way down from the 5.25 More specifically, however, the Fed announcement highlighted a number of factors for its decision such as subdued household and business spending, soft labor markets, stressed out financial markets, tight credit conditions and the continuation of the housing contraction. One day after President Bush pointed the finger at Congress and told the American public to blame lawmakers for all of their recent financial woes, an inkling of actual positive news came out of Washington Wednesday with two announcements from government agencies.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Fed, World's Banks Pull Off Global Rate Reduction
  
  Ben Bernanke and his team at the Federal Open Market Committee took the federal funds rate down another 50 basis points (one-half a percent) to 1.5 rdquo; The New York Times reported Wednesday that in a speech delivered the day before to members of the National Association for Business Economics, Bernanke said the economic turmoil has caused the Fed to downgrade its “already-gloomy economic outlook.” rdquo; In an unprecedented move aimed at quelling the mounting tidal wave of unrest affecting the world’s economies and investors, the Federal Reserve, in partnership with other central banks around the world, pulled off a coordinated reduction of short-term interest rates Wednesday.
  www.foreclosurepulse.com - Thursday, December 18, 2008
  READ MORE
• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  Sensing an opportunity to win votes, the major presidential candidates have come out swinging; proposing a variety of prescriptions to ease the worsening housing slump.Both the White House and Democrat leaders in Congress agree that something must be done to stop the foreclosures. Yearning to retake the GOP-controlled White House next year, the Democrats are clamoring for the federal government to do something, anything, to contain the crisis. With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE