Jun 8th 2010 8:30AM
Maybe you've considered refinancing your mortgage with a loan from a smaller bank. Well the next time you go to visit, the sign on the bank window may say "closed." That's because many small and regional banks are under serious pressure from the growing troubles in commercial real estate. Three more banks failed this week... Continue Reading »
Mar 22nd 2010 3:32PM
Where were you when the housing bubble was building to crisis proportions? Some government regulators were counting their bonuses, it appears. The Associated Press, which filed a Freedom of Information Act request to obtain government payroll data, found that during the boom years of 2003 - 2006, as the crisis was being... Continue Reading »
Mar 11th 2010 12:15PM
Desperate to get a principal reduction on your way-too-big mortgage? If only you were a real estate mogul. Just like homeowners, owners of commercial real estate like office and apartment buildings have been walking away from their mortgages. Dow Jones reveals the latest bombshell: Vornado Realty Trust, one of the biggest... Continue Reading »
