Entries in the '' Category

Health nominee Sebelius reveals tax errors (Reuters)

Posted on March 31st, 2009
Reuters - Kathleen Sebelius, named as U.S. health secretary by President Barack Obama, became his latest nominee to reveal income tax issues, saying on Tuesday she paid nearly $8,000 to settle errors over three years.

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Auditor: Bailed-out banks use aid differently (AP)

Posted on March 31st, 2009
AP - Banks that have received federal aid are using the money as they see fit, in some cases providing new loans to customers, retiring debt or buying mortgage-backed securities, a chief investigator told Congress on Tuesday.

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ECB refi rate to hit new record low, other steps eyed (Reuters)

Posted on March 30th, 2009
Reuters - The European Central Bank is expected to cut its main interest rate to a new record low of 1 percent on Thursday and step up efforts to boost the flow of funds from banks to euro-zone companies and households.

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Bargains in the REIT Wreckage (BusinessWeek Online)

Posted on March 30th, 2009
BusinessWeek Online - After a terrible 2008, real estate investment trusts are having an awful 2009. The SPDR Dow Jones Wilshire REIT (NYSEArca:RWR - News) exchange-traded fund, which tracks 82 REITs, has dropped 35% after plunging about 45% in 2008. On Mar. 19, Moody's downgraded General Growth Properties to "C," its lowest rating above default, prompting another wave of selling.

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Regulators see new role for Fannie, Freddie: report (Reuters)

Posted on March 29th, 2009
Reuters - The regulator of U.S. government-controlled Fannie Mae and Freddie Mac is looking at ways the two firms might help finance small mortgage banks hobbled by a dearth of credit, the Wall Street Journal reported.

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Fla. Realtor uses boat to display foreclosed homes (AP)

Posted on March 27th, 2009

Realtor Marc Joseph shows potential real estate buyers a map of the area as they ride by pontoon boat to view vacated properties Thursday, March 26, 2009 in Cape Coral, Fla. Joseph runs Foreclosure Tours R Us, a real estate company that shows foreclosed properties to potential buyers by bus and pontoon boats. (AP Photo/Chris O'Meara)AP - Here at the epicenter of the nation's housing crisis, an ebullient Marc Joseph bounces off a pontoon boat onto a dock behind a lovely waterfront home — it was recently vacated when its former inhabitants couldn't pay the mortgage.


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Bargains in the REIT Wreckage (BusinessWeek Online)

Posted on March 27th, 2009
BusinessWeek Online - After a terrible 2008, real estate investment trusts are having an awful 2009. The SPDR Dow Jones Wilshire REIT (NYSEArca:RWR - News) exchange-traded fund, which tracks 82 REITs, has dropped 35% after plunging about 45% in 2008. On Mar. 19, Moody's downgraded General Growth Properties to "C," its lowest rating above default, prompting another wave of selling.

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