Archive for December, 2009

Mortgage rates end the year above 5 percent

Thursday, December 31st, 2009

Mortgage rates rose for the second consecutive week but the number of homeowners who applied for refinancing remained strong. Read more

Freddie Mac: 30-yr Mortgage Rate Rises To 5.14%

Thursday, December 31st, 2009

Freddie Mac: 30-yr Mortgage Rate Rises To 5.14% Read more

Tribeca Cos. Snags S.F. Apartments

Thursday, December 31st, 2009

Private-equity firm buys defaulted mortgage debt at half-price and then seizes the Lembi apartments, in the latest distressed-commercial-property maneuvering. Read more

Pilgrim’s Pride Settles Illegal Worker Probe

Wednesday, December 30th, 2009

Pilgrim’s Pride Settles Illegal Worker Probe Read more

Aetna to Take 4Q Charge for Layoffs, Real Estate Consolidation

Wednesday, December 30th, 2009

Health insurer Aetna Inc said Wednesday it expects to take a charge of $60 million to $65 million in the fourth quarter to cover previously announced job cut costs and real estate consolidation. Read more

Segro Sells Joint Venture Stake To British Land

Wednesday, December 30th, 2009

Segro Sells Joint Venture Stake To British Land Read more

Takeover Panel Extends Cadbury Disclosure Deadline

Wednesday, December 30th, 2009

Takeover Panel Extends Cadbury Disclosure Deadline Read more

GMAC Set to Receive $3.5 in Additional U.S. Aid: Report

Wednesday, December 30th, 2009

GMAC Financial Services is close to getting about $3.5 billion in added aid from the U.S. government, on top of the $12.5 billion already received since December 2008, the Wall Street Journal reported. Read more

Retail Stocks Start Mixed; Sears, Liz Claiborne Up

Wednesday, December 30th, 2009

Retail Stocks Start Mixed; Sears, Liz Claiborne Up Read more

Questions Surround Fannie, Freddie

Wednesday, December 30th, 2009

The government’s move to ease the limits on the securities holdings of Fannie Mae and Freddie Mac has ignited a debate among analysts about what the companies will do with their longer leash. Read more