Mortgage and Financial News From 2008-8-21 Page 10
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Condos no longer fuel hotels (The Business Press)
The Ritz Carlton in Rancho Mirage may be behind schedule by a year and over budget by 10%, but the $600 million resort had better timing than most. It achieved its financing during the best of times, not the recent worst of times, says the developer.
2008-08-21 11:01:53 -
Gasoline prices fuel inflation in July (Investment Executive)
Consumer prices rose 3.4% in July 2008 compared with July 2007, an increase from the 3.1% rise recorded in the 12 months to June 2008, Statistics Canada reported today.
2008-08-21 11:04:52 -
Fitch Ratings Affirms Gramercy Real Estate CDO 2005-1 (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has affirmed all classes of Gramercy Real Estate CDO 2005-1, Ltd./LLC , as follows:
2008-08-21 11:05:00 -
Brazil unemployment rises to 8.1 percent in July (Seattle Times)
Brazil says unemployment rose to 8.1 percent in July, reversing a five-month decline.
2008-08-21 11:06:29 -
IndyMac to Restructure Loans - Street.Com
Shuttered IndyMac Bancorp will implement a program to help delinquent borrowers modify their mortgages under the watchful eyes of the Federal Deposit Insurance Corp. The program will help the Pasadena, Calif.-based mortgage lender and thrift, seized ...
2008-08-20 02:02:00 -
FDIC Will Modify Mortgages for Some IndyMac Borrowers (Update2) - Bloomberg
Aug. 20 (Bloomberg) -- The Federal Deposit Insurance Corp. may lower mortgage interest rates for delinquent IndyMac Federal Bank FSB borrowers after suspending foreclosures on $15 billion in loans it's managing as successor to the failed lender. The ...
2008-08-20 04:39:00 -
If I rent my primary home can I deduct the home mortgage interest as a ... - Oregonian
If I refinance or take a home equity loan out of my primary home now and later rent it out, will I be able to deduct that interest as a rental expense? Thanks, Answer: Tom - Generally if you change your home or other property (or a part of it) to ...
2008-08-20 02:02:00 -
QBE on track despite profit dip - News.com.au
AUSTRALIA'S largest insurer, QBE Insurance Group, is confident of meeting its full year 20 per cent profit margin target despite booking a 7 per cent dip in its interim profit. The insurance giant recorded a net profit of $859 million for the half to ...
2008-08-20 05:51:00 -
FDIC has rescue plan for distressed IndyMac mortgages - MSN MoneyCentral
The Federal Deposit Insurance Corp. reported a plan on Aug. 20 to help homeowners with distressed loans through the former IndyMac Bank avoid foreclosure. IndyMac Federal Bank will send some 4,000 modification proposals to borrowers this week and ...
2008-08-20 12:00:00 -
5-Star Stocks Poised to Pop: Copart (The Motley Fool)
Market-trouncing returns could be written in the stars.
2008-08-21 08:52:41 -
U.S. Economy: Leading Index Signals Deeper Slowdown (Update1) (Bloomberg.com)
Aug. 21 (Bloomberg) -- The U.S. slowdown will deepen in the second half of the year as housing continues to slump and unemployment rises, according to a measure designed to predict the economy's direction.
2008-08-21 09:16:50 -
Southeast Minnesota communities continue flood recovery (Post-Bulletin)
RUSHFORD -- Jane Thompson stands with her hands on her hips, looking up at a lilac-colored house. It's the house where Thompson and her family were living at the time of the flood. She's on Rushford's main drag
2008-08-21 09:19:08 -
Public Notices (Columbia Star)
NOTICE TO: CAROLINE SUSAN HALL, last known address in Richland County, South Carolina. Previously Elginwood Dr., Elgin, SC 29045. Please Contact: Marshall Hall, 1567 Brazell Rd.
2008-08-21 09:24:55 -
UPI NewsTrack Business (UPI)
U.S. markets turn lower Thursday ... Canadian CPI rose 3.4 percent in July ... U.S. airlines seen as down but not out ... FDIC re-writes loan terms at IndyMac ... News from United Press International.
2008-08-21 09:27:45 -
FDIC re-writes loan terms at IndyMac (UPI)
WASHINGTON, Aug. 21 (UPI) -- U.S. regulators plan to rewrite terms on about 25,000 troubled Indymac Bancorp, mortgages that could set a trend for other lenders, an official said.
2008-08-21 09:41:54