6 Articles match "New York","News","Sales"

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• Rate Cut, Real GDP Are Some Positive News
  
  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. economy — no matter how slight it is — the New York Times is reporting that the current situation does not fit into the classic definition of a recession, which is a "significant decline in economic activity spread acorss the economy, lasting more than a few months." 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
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Avoid and Stop Foreclosure - Help at RealtyTrac
  
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  www.realtytrac.com - Tuesday, February 3, 2009
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• $15.75 million pre-foreclosure purchase of Don Johnson's home
  
  A last-minute pre-foreclosure sale last week allowed actor Don Johnsonof televisions "Miami Vice," to avoid foreclosure on his Aspen, Colo.,estate, estate, according to an article in the Aspen Daily News . "Don Johnson may have saved his Woody Creek ranch frombeing sold Wednesday at a foreclosure auction, but it was because thecelebrity unloaded his 17-acre property Monday for $15.75 million,according to records at the Pitkin Shaw Laminar Lending Inc., which lent Johnson $10.6
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Subprime Market Sinking Further Into the Abyss
  
  The latest victim of its own success is New Century Financial Inc. As a result, the lender’s stock on the New York Stock Exchange (Symbol = NEW) plummeted almost 70 percent. which was being courted for a buyout by Credit Suisse Group, is now being sold to Citadel Investment Group LLC, which won the right to purchase the lending institution for $180 million in a last minute auction, according to Bloomberg News . The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• High-End Foreclosures Rising Among Top Tier Homes
  
  High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years
  www.realtytrac.com - Tuesday, February 3, 2009
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• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  Clinton also wants the government to impose new disclosure requirements on mortgage brokers and curb their ability to dictate lending terms. “We need to act now with smart, practical solutions to strengthen our housing and mortgage markets,” Clinton told The Associated Press. “We That does not require statutory language or new laws.” Dodd also pointed out that many brokers give clients the false impression they’re working on their behalf. “Brokers 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
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