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Latest Real Estate News and Information
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Citigroup to slash $400 bln in assets (AFP)
Foreclosure Bargains on the Block (BusinessWeek Online)BusinessWeek Online - At the end of 2006 a new 4,000-square-foot home with a three-car garage in a small gated subdivision in Las Vegas sold for $1 million. On May 6 the bank that owns the now foreclosed property at 7604 Noche Oscura Circle agreed to sell it for $500,000 ($32,900 below the already discounted asking price).German insurer Allianz 1Q net profit falls 65 percent (AP)AP - German insurer Allianz SE said Friday first-quarter net profit fell 65 percent due to difficult market conditions as it wrote down $1.3 billion tied to the U.S. subprime crisis.Housing aid bill faces veto by President Bush (AP)
U.S. House Passes Anti-Foreclosure Bill Facing Bush Veto Threat (Bloomberg)Bloomberg - May 9 (Bloomberg) -- The U.S. House of Representatives passed legislation to let a federal agency insure up to $300 billion in mortgages to help homeowners avert foreclosure, a day after the White House threatened to veto the measure.US House-approved mortgage crisis bill faces veto (AFP)
Insurer AIG has $7.8 bln Q1 loss, to raise capital (Reuters)
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Away: The Dream House at LastJim Abdo has transformed a 1907 bungalow from its humble past into its current double life: period vernacular outside, completely modern inside.Havens | Three Oaks, Mich.: An ?Our Town? Stage for the Creative SetPioneering Chicagoans with a creative bent have transformed Three Oaks into a hot spot for second-home buyers smitten with the arts.Questions of Rent Tactics by Private EquityPrivate firms are buying up rent-regulated buildings and harassing tenants to increase vacancies, advocates say.Your Second Home | Pests: Your House, Their NestMany second-home owners in the next few weeks will encounter evidence that their houses did not sit empty last winter.High & Low | Northern Catskills Farmhouses: Dreams of FieldsFor an urban second-home buyer, the allure of a farmhouse in the northern Catskills has much to do with the setting.Habitats | Greenpoint, Brooklyn: A More Permanent Crash PadTwo models with globe-trotting résumés have made themselves at home in a a row house near the waterfront.Streetscapes | 2 East 63rd Street: A $31 Million Wallflower, Languishing Amid...A house purchased by a billionaire in 2005 remains uninhabited and is beginning to show signs of neglect.Your Home: Parceling Out Power to the PeopleEnergy prices are rising, and many co-op and condo buildings are looking for ways to cut costs. Basically, there are two options.Mortgages: Looser Rules for Federal HelpThe Federal Housing Administration will relax the requirements for a government program to assist borrowers coping with adjustable-rate mortgages.Q & A: An Official-Looking Co-op DocumentIs a notice seeking a list of co-op officers legitimate?Q & A: Taxing the Gas in Them Thar HillsHow would income from natural gas drilling be taxed?Breaking Ground: El Banco and Ballyhack Golf ClubAn oceanfront residential resort near Puerto Vallarta, Mexico, and a residential golf development in southwest Virginia. |
AFP - US banking giant Citigroup said Friday it plans to shed about 400 billion dollars in assets over the next two to three years as it tries to recover from the subprime mortgage crisis.
AP - Democrats' plans to help hundreds of thousands of homeowners struggling with rising subprime mortgage rates and plummeting house values could be sidetracked by President Bush's threatened veto and the backing of many congressional Republicans.
AFP - The US House of Representatives has approved a bill that lawmakers hope could stem the tide of home foreclosures due to the subprime mortgage crisis, but it faces a presidential veto.
Reuters - American International Group Inc
, the world's largest insurer, posted its largest ever
quarterly loss on Thursday after writing down assets linked to
subprime mortgages, and said it would raise $12.5 billion to
strengthen its balance sheet.High Class Blogs Bookmarks - Real Estate
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Real Estate @ Realtor.com - Search for a new home or find mortgage rates, real estate agents, and relocation services throughout . . . Real Estate @ Yahoo - Find Real Estate including homes for sale, new houses, rentals, foreclosure properties as well as mortgage calculators and rates on Yahoo! Real Estate. Real Estate @ Century 21 - Century 21 has real estate agents and brokers who can handle all of your real estate needs. Use our website to find and office or agent in your area. |
Real Estate @ Coldwell Banker - Real Estate from Coldwell Banker ®. Buying a home, selling a home, or finding a real estate agent is easy with Coldwell Banker. Real Estate @ Washington Post - Washington, DC, Virginia and Maryland homes, real estate news and headlines. Real Estate @ Re/Max - Search for homes; find a RE/MAX agent or office; and learn all about real estate, mortgages and moving assistance. |
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