Mortgage Debt

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Commercial Mortgage Debt Rallies as TALF Ending: Credit – BusinessWeek
March 15 (Bloomberg) — Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery. The securities

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Paying your taxes on forgiven debt – Herald Tribune
However, under legislation that took effect in 2007, certain home-mortgage debt cancellations — such as through loan modifications, short sales or foreclosures mortgage-principal reductions to keep underwater borrowers out of foreclosure.

UPDATE: MGM Mirage To Sell Up To $845 Million In Notes To Pay Debt – NASDAQ
The notes will be secured by a mortgage on the MGM Grand Las Vegas and essentially all current and future property of MGM Grand Hotel LLC. Proceeds will be used to pay down some of its $5.5 billion credit line. MGM got a group of lenders to give it

Mortgage Debt as a Percentage of Consumer Credit – Seekingalpha.com
See the green part of the graph below? That’s home mortgage debt up until 2008. See the blue part? That’s consumer credit. Call me mathematical, but what’s wrong with this picture? More importantly, what propaganda machine continues to succeed

Equity One to sell 4.2 million shares in public – Los Angeles Times
The company said it plans to use net proceeds to pay mortgage debt and for general corporate purposes. Underwriters have a 30-day option to buy an additional 630,000 shares if demand exceeds initial supply. The company currently has about 86.1

Mortgage debt forgiveness – Examiner
If your mortgage debt was partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt

Paying your taxes on forgiven debt – Herald Tribune
With the Obama administration and private lenders now actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive — or seek to

Filers need to know some rules before using debt write – Arizona Daily Star
With the Obama administration and private lenders now actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive – or seek to

Paying your taxes on forgiven debt – Herald Tribune
However, under legislation that took effect in 2007, certain home-mortgage debt cancellations — such as through loan modifications, short sales or foreclosures mortgage-principal reductions to keep underwater borrowers out of foreclosure.

UPDATE: MGM Mirage To Sell Up To $845 Million In Notes To Pay Debt – NASDAQ
The notes will be secured by a mortgage on the MGM Grand Las Vegas and essentially all current and future property of MGM Grand Hotel LLC. Proceeds will be used to pay down some of its $5.5 billion credit line. MGM got a group of lenders to give it

Mortgage Debt as a Percentage of Consumer Credit – Seekingalpha.com
See the green part of the graph below? That’s home mortgage debt up until 2008. See the blue part? That’s consumer credit. Call me mathematical, but what’s wrong with this picture? More importantly, what propaganda machine continues to succeed

Equity One to sell 4.2 million shares in public – Los Angeles Times
The company said it plans to use net proceeds to pay mortgage debt and for general corporate purposes. Underwriters have a 30-day option to buy an additional 630,000 shares if demand exceeds initial supply. The company currently has about 86.1

Mortgage debt forgiveness – Examiner
If your mortgage debt was partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt

Paying your taxes on forgiven debt – Herald Tribune
With the Obama administration and private lenders now actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive — or seek to

Filers need to know some rules before using debt write – Arizona Daily Star
With the Obama administration and private lenders now actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive – or seek to

Mortgage debt forgiveness – Examiner
If your mortgage debt was partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt

Mortgage Debt as a Percentage of Consumer Credit – Seekingalpha.com
See the green part of the graph below? That’s home mortgage debt up until 2008. See the blue part? That’s consumer credit. Call me mathematical, but what’s wrong with this picture? More importantly, what propaganda machine continues to succeed

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Paying your taxes on forgiven debt – Herald Tribune
With the Obama administration and private lenders now actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive — or seek to

Paying your taxes on forgiven debt – Herald Tribune
However, under legislation that took effect in 2007, certain home-mortgage debt cancellations — such as through loan modifications, short sales or foreclosures mortgage-principal reductions to keep underwater borrowers out of foreclosure.

Equity One to sell 4.2 million shares in public – Los Angeles Times
The company said it plans to use net proceeds to pay mortgage debt and for general corporate purposes. Underwriters have a 30-day option to buy an additional 630,000 shares if demand exceeds initial supply. The company currently has about 86.1

UPDATE: MGM Mirage To Sell Up To $845 Million In Notes To Pay Debt – NASDAQ
The notes will be secured by a mortgage on the MGM Grand Las Vegas and essentially all current and future property of MGM Grand Hotel LLC. Proceeds will be used to pay down some of its $5.5 billion credit line. MGM got a group of lenders to give it

Mortgage debt forgiveness – Examiner
If your mortgage debt was partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt

Mortgage Debt as a Percentage of Consumer Credit – Seekingalpha.com
See the green part of the graph below? That’s home mortgage debt up until 2008. See the blue part? That’s consumer credit. Call me mathematical, but what’s wrong with this picture? More importantly, what propaganda machine continues to succeed

IRS tells homeowners how to get tax relief if a lender – Los Angeles Times
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Paying your taxes on forgiven debt – Herald Tribune
With the Obama administration and private lenders now actively considering mortgage principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive — or seek to

Paying your taxes on forgiven debt – Herald Tribune
However, under legislation that took effect in 2007, certain home-mortgage debt cancellations — such as through loan modifications, short sales or foreclosures mortgage-principal reductions to keep underwater borrowers out of foreclosure.

Equity One to sell 4.2 million shares in public – Los Angeles Times
The company said it plans to use net proceeds to pay mortgage debt and for general corporate purposes. Underwriters have a 30-day option to buy an additional 630,000 shares if demand exceeds initial supply. The company currently has about 86.1

UPDATE: MGM Mirage To Sell Up To $845 Million In Notes To Pay Debt – NASDAQ
The notes will be secured by a mortgage on the MGM Grand Las Vegas and essentially all current and future property of MGM Grand Hotel LLC. Proceeds will be used to pay down some of its $5.5 billion credit line. MGM got a group of lenders to give it

Filers need to know some rules before using debt write – Arizona Daily Star
With the Obama administration and private lenders now actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive – or seek to

Debt Settlement vs Mortgage Refinance – Pros And Cons – PRLog (free press release)
PR Log (Press Release) – Mar 11, 2010 – Yet it is important to know the good, the bad, and the ugly of refinancing while also comparing it to debt settlement. Most people look at the idea of refinancing their mortgage to pay off high interest

More consumers pay credit card, but not mortgage – Erie Times-News
U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of

Some tax issues to consider on mortgage write-downs – Washington Post
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

UPDATE: MGM Mirage To Sell Up To $845 Million In Notes To Pay Debt – NASDAQ
The notes will be secured by a mortgage on the MGM Grand Las Vegas and essentially all current and future property of MGM Grand Hotel LLC. Proceeds will be used to pay down some of its $5.5 billion credit line. MGM got a group of lenders to give it

Homeowners take ‘cash for keys’ to escape debt – MSNBC
NEW YORK – Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio, house. With the exchange, and a pay-off to a second-lien holder, Culver was

Harney: On write-downs, some tax issues – San Jose Mercury News
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Filers need to know some rules before using debt write – Arizona Daily Star
With the Obama administration and private lenders now actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued a new advisory to taxpayers who receive – or seek to

Debt Settlement vs Mortgage Refinance – Pros And Cons – PRLog (free press release)
PR Log (Press Release) – Mar 11, 2010 – Yet it is important to know the good, the bad, and the ugly of refinancing while also comparing it to debt settlement. Most people look at the idea of refinancing their mortgage to pay off high interest

More consumers pay credit card, but not mortgage – Erie Times-News
U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of

Some tax issues to consider on mortgage write-downs – Washington Post
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

UPDATE: MGM Mirage To Sell Up To $845 Million In Notes To Pay Debt – NASDAQ
The notes will be secured by a mortgage on the MGM Grand Las Vegas and essentially all current and future property of MGM Grand Hotel LLC. Proceeds will be used to pay down some of its $5.5 billion credit line. MGM got a group of lenders to give it

Homeowners take ‘cash for keys’ to escape debt – MSNBC
NEW YORK – Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio, house. With the exchange, and a pay-off to a second-lien holder, Culver was

Harney: On write-downs, some tax issues – San Jose Mercury News
The IRS gets involved in mortgage principal write-downs because the federal tax code generally treats any forgiveness of debt by a creditor in excess of $600 as ordinary taxable income to the recipient. However, under legislation that took effect in

Bank to sell loan for slopeside property at Aspen – Vail Daily News
Mission Capital Advisors LLC is a national boutique financial advisory firm that specializes in structuring the sale of commercial mortgage loans. The company collateral is nearly $4.5 million less than the debt owed. The promissory note is

Michael Lewis Casts Short-Sellers as Slump’s Heroes – Bloomberg
March 12 (Bloomberg) — Twenty years ago, when I worked at Salomon Brothers, every person on Wall Street had read two books: Frank J. Fabozzi ’s “Fixed Income Analysis” and Michael Lewis ’s “Liars’ Poker.” The latter was Lewis’s debut

Five Lies About the American Economy – Reason.com
the market is masked by expensive government support, including but not limited to the unkillable First-Time Homebuyer Credit, an assault on loan underwriting identified “subprime” loans (mortgages that are made to borrowers with bad

Business Events Scheduled for the Coming Week – ABC News
WASHINGTON — Treasury releases international money flows data for January, 9 a.m.; Federal Reserve releases industrial production for February, 9:15 a.m.; National Association of Home Builders releases housing market index for March, 1 p.m

Is this the lull before the storm for US mortgages? – Financial Times
What exactly is happening in the bowels of the American mortgage market? That is a question that investors around the world have often asked in the past three years, with a mixture of bafflement and alarm. Now they need to pose it again. For this

Study: Kansas City consumers added the most credit card – MSN Money
Kansas City consumers racked up the largest credit card debt increase of any metro area in February, pushing debt up by 10 percent, a new study has found. For Missouri, consumers’ credit card debt rose 10 percent from January to an average of $7

What to do when your spouse admits to $68,000 in credit – Walletpop.com
I have been married for 12 years and have just been told by my husband that he has $68,000 in credit card debt. We have separate charge cards, and I have always had my charges under $10,000. He wants me to sign a contract for a 30-year loan to pay

Business events and economic reports scheduled for the – Los Angeles Times
releases Consumer Price Index for February, 8:30 a.m.; Commerce Department releases current account trade deficit for the fourth quarter, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates. NEW YORK — The Conference

Bank to sell loan for slopeside property at Aspen – Vail Daily News
Mission Capital Advisors LLC is a national boutique financial advisory firm that specializes in structuring the sale of commercial mortgage loans. The company collateral is nearly $4.5 million less than the debt owed. The promissory note is

Michael Lewis Casts Short-Sellers as Slump’s Heroes – Bloomberg
March 12 (Bloomberg) — Twenty years ago, when I worked at Salomon Brothers, every person on Wall Street had read two books: Frank J. Fabozzi ’s “Fixed Income Analysis” and Michael Lewis ’s “Liars’ Poker.” The latter was Lewis’s debut

Five Lies About the American Economy – Reason.com
the market is masked by expensive government support, including but not limited to the unkillable First-Time Homebuyer Credit, an assault on loan underwriting identified “subprime” loans (mortgages that are made to borrowers with bad

Business Events Scheduled for the Coming Week – ABC News
WASHINGTON — Treasury releases international money flows data for January, 9 a.m.; Federal Reserve releases industrial production for February, 9:15 a.m.; National Association of Home Builders releases housing market index for March, 1 p.m

Is this the lull before the storm for US mortgages? – Financial Times
What exactly is happening in the bowels of the American mortgage market? That is a question that investors around the world have often asked in the past three years, with a mixture of bafflement and alarm. Now they need to pose it again. For this

Study: Kansas City consumers added the most credit card – MSN Money
Kansas City consumers racked up the largest credit card debt increase of any metro area in February, pushing debt up by 10 percent, a new study has found. For Missouri, consumers’ credit card debt rose 10 percent from January to an average of $7

What to do when your spouse admits to $68,000 in credit – Walletpop.com
I have been married for 12 years and have just been told by my husband that he has $68,000 in credit card debt. We have separate charge cards, and I have always had my charges under $10,000. He wants me to sign a contract for a 30-year loan to pay

Business events and economic reports scheduled for the – Los Angeles Times
releases Consumer Price Index for February, 8:30 a.m.; Commerce Department releases current account trade deficit for the fourth quarter, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates. NEW YORK — The Conference

Report Details How Lehman Hid Its Woes as It Collapsed – New York Times
The report, compiled by an examiner for the bank, now bankrupt, hit Wall Street with a thud late Thursday. The 158-year-old company, it concluded, died from multiple causes. Among them were bad mortgage holdings and, less directly, demands by rivals

Report Details How Lehman Hid Its Woes as It Collapsed – New York Times
The report, compiled by an examiner for the bank, now bankrupt, hit Wall Street with a thud late Thursday. The 158-year-old company, it concluded, died from multiple causes. Among them were bad mortgage holdings and, less directly, demands by rivals

22. Greece Lifts a Page From Citigroup’s Playbook – Democratic Underground.com
March 11 (Bloomberg) — Is it too much to ask for the world’s titans of government and finance to speak credibly when they open their mouths? Some of them sure seem to think so, judging by the latest news from the financial-crisis front. To hear

Costly Cash: Don’t Expect Federal Regulators to Protect – Daily Finance
Almost every month, the major consumer and financial regulators in the U.S. issue warnings about payday lenders . At the end of February, top government regulators at the Federal Reserve Bank of San Francisco and the Federal Deposit Insurance Corp

Why Hollywood May Start Complaining About Hedge Funds – NPR News
The markets will also let speculators who have no stake in the movies bet for or against their performance. And letting people bet against assets — a stock, a pool of mortgages, a country’s sovereign debt — often doesn’t sit well with the people

22. Greece Lifts a Page From Citigroup’s Playbook – Democratic Underground.com
March 11 (Bloomberg) — Is it too much to ask for the world’s titans of government and finance to speak credibly when they open their mouths? Some of them sure seem to think so, judging by the latest news from the financial-crisis front. To hear

Costly Cash: Don’t Expect Federal Regulators to Protect – Daily Finance
Almost every month, the major consumer and financial regulators in the U.S. issue warnings about payday lenders . At the end of February, top government regulators at the Federal Reserve Bank of San Francisco and the Federal Deposit Insurance Corp

Why Hollywood May Start Complaining About Hedge Funds – NPR News
The markets will also let speculators who have no stake in the movies bet for or against their performance. And letting people bet against assets — a stock, a pool of mortgages, a country’s sovereign debt — often doesn’t sit well with the people

New Securities Issues – Wall Street Journal
Terms: Maturity: March 15, 2010; coupon: 8%; price: par; spread: 567 basis points more than Treasurys; date: March 15, 2015; debt ratings: Ba1 (Moody covered bond backed by 100% prime Norwegian residential mortgages was priced via lead managers

Welcome to the United States of Iceland – CNN Money
interest rates mortgage securitization or ratings agencies, two of the institutions that most enabled the crisis to occur. We’ve been distracted from the task of preventing another crisis from happening by the task of minimizing the current

Gensler: It’s Time To Regulate The Speculative And Destructive CDS – The Business Insider
Good afternoon. It’s good to be with you today to discuss much-needed regulatory reform of the over-the-counter derivatives markets. In particular, I will focus on credit default swaps (CDS), products that directly contributed to the financial

U.S. herpes rates remain high – CDC – Reuters
real estate sector, which continues to suffer from excess leverage and approaching debt maturities, while facing falling rents and rising vacancies amid weak economies and high unemployment years down by a quarter in the United Kingdom and

A look at global economic developments – San Jose Mercury News
BEIJING—China’s exports surged in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise. Exports were up 45.7 percent over a year earlier, the Chinese customs agency reported Wednesday

Citi, AIG, Fannie and Freddie: The Not Fab 4 – CNN Money
Finally, the Treasury Department reiterated last week for the umpteenth time that it will support mortgage financing giants Fannie Freddie bonds shouldn’t necessarily be considered as safe as Treasury debt. So anyone wading into AIG, Fannie and

Blumenthal Sues Credit Rating Agencies – Hartford Courant
Attorney General Richard Blumenthal sued two of the nation’s most prominent credit rating agencies on Wednesday, alleging they misled investors about the soundness of certain types of investments, unfairly reaping hundreds of millions of dollars in

Consumer borrowing up in January after 11 declines – Long Beach Press-Telegram
strength in January came from a $6.62 billion increase in borrowing for auto loans and other types of nonrevolving debt. That represented a 5.01 percent gain and followed a 3.69 percent rise in the auto loan of credit secured by real estate

New Securities Issues – Wall Street Journal
Terms: Maturity: March 15, 2010; coupon: 8%; price: par; spread: 567 basis points more than Treasurys; date: March 15, 2015; debt ratings: Ba1 (Moody covered bond backed by 100% prime Norwegian residential mortgages was priced via lead managers

Welcome to the United States of Iceland – CNN Money
interest rates mortgage securitization or ratings agencies, two of the institutions that most enabled the crisis to occur. We’ve been distracted from the task of preventing another crisis from happening by the task of minimizing the current

Gensler: It’s Time To Regulate The Speculative And Destructive CDS – The Business Insider
Good afternoon. It’s good to be with you today to discuss much-needed regulatory reform of the over-the-counter derivatives markets. In particular, I will focus on credit default swaps (CDS), products that directly contributed to the financial

U.S. herpes rates remain high – CDC – Reuters
real estate sector, which continues to suffer from excess leverage and approaching debt maturities, while facing falling rents and rising vacancies amid weak economies and high unemployment years down by a quarter in the United Kingdom and

A look at global economic developments – San Jose Mercury News
BEIJING—China’s exports surged in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise. Exports were up 45.7 percent over a year earlier, the Chinese customs agency reported Wednesday

Citi, AIG, Fannie and Freddie: The Not Fab 4 – CNN Money
Finally, the Treasury Department reiterated last week for the umpteenth time that it will support mortgage financing giants Fannie Freddie bonds shouldn’t necessarily be considered as safe as Treasury debt. So anyone wading into AIG, Fannie and

Blumenthal Sues Credit Rating Agencies – Hartford Courant
Attorney General Richard Blumenthal sued two of the nation’s most prominent credit rating agencies on Wednesday, alleging they misled investors about the soundness of certain types of investments, unfairly reaping hundreds of millions of dollars in

Consumer borrowing up in January after 11 declines – Long Beach Press-Telegram
strength in January came from a $6.62 billion increase in borrowing for auto loans and other types of nonrevolving debt. That represented a 5.01 percent gain and followed a 3.69 percent rise in the auto loan of credit secured by real estate

Entertainment Properties Trust Completes Acquisition of the Toronto – Forbes
acquisition of the Toronto Dundas Square project, previously in receivership, by paying off senior debt of approximately $120 million Canadian. As a result of the closing of this acquisition, the Company’s second mortgage note on the project has

AIG sells Alico to MetLife for $15.5B in ongoing bid to payback – Stockhouse
American International Group (NYSE:AIG) will sell a second overseas life and health insurance unit for US$15.5 billion to MetLife Inc. (NYSE:MET) in an ongoing bid to repay billions in government aid. It was the second major deal AIG completed this

UPDATE 1-Global watchdog tries to kick start securitisation – Reuters
BASEL, Switzerland, March 8 (Reuters) – Global regulators are coordinating efforts to kick start the moribund debt securitisation market under tighter rules to aid recovery, the Financial Stability Board said on Monday. The credit crunch turned

Was Obama Economic Advisor’s Exit a Preemptive Strike? – ABC News
When the White House announced last week it would be losing the services of Lewis A. Sachs, one of the president’s top economic advisers, the reason given for Sachs’s departure was that his work was largely complete. Lewis A. Sachs, one of the

Vineyard defaults surge as lost land values undermine Napa wine – Daily Business Review
n California’s Napa Valley, producer of the most expensive U.S. wines, 2010 may be a vintage year for foreclosures as the industry is squeezed by falling land values and a consumer shift to cheaper brands. As many as 10 wineries and vineyards in

Washington Must Ban U.S. Credit Derivatives as Traders Demand Gold – Huffingtonpost.com
Congress should act immediately to abolish credit default swaps on the United States, because these derivatives will foment distortions in global currencies and gold. Failure to act now will only mean the U.S. will be forced to act after these

AIG agrees to sell Alico to MetLife for $15.5 billion – Daily Business Review
merican International Group Inc. agreed to sell a division to MetLife Inc. for $15.5 billion in the bailed-out company’s second divestiture of a non-U.S. life insurance unit this month. MetLife will pay $6.8 billion in cash and $8.7 billion in

Can they repossess the dog? What to know if the repo man comes calling – WTVF
In the past several years, one type of repossession has been in the headlines — home foreclosures. The term “foreclosure” actually refers to the process a bank undertakes to repossess a home when the owner has stopped making mortgage payments

‘Jet’-setting mobile home residents set to burn mortgage – Bradenton Herald
PALMETTO – Ask just about anyone what their favorite thing is about living in Jet Mobile Home Park, and they’ll probably tell you it’s their neighbors. “It’s the people, they’re so friendly,” said Kortne Lampman, who with her husband, Lee

Why I’m Now Less Optimistic About Credit Crisis – Seekingalpha.com
I have taken a less optimistic view of the credit crisis’ workout phase as evidenced by recent posts like Wood: “The endgame will be a systemic government debt crisis in the western world” and The mindset will not change; a depressionary

Entertainment Properties Trust Completes Acquisition of the Toronto – Forbes
acquisition of the Toronto Dundas Square project, previously in receivership, by paying off senior debt of approximately $120 million Canadian. As a result of the closing of this acquisition, the Company’s second mortgage note on the project has

AIG sells Alico to MetLife for $15.5B in ongoing bid to payback – Stockhouse
American International Group (NYSE:AIG) will sell a second overseas life and health insurance unit for US$15.5 billion to MetLife Inc. (NYSE:MET) in an ongoing bid to repay billions in government aid. It was the second major deal AIG completed this

UPDATE 1-Global watchdog tries to kick start securitisation – Reuters
BASEL, Switzerland, March 8 (Reuters) – Global regulators are coordinating efforts to kick start the moribund debt securitisation market under tighter rules to aid recovery, the Financial Stability Board said on Monday. The credit crunch turned

Was Obama Economic Advisor’s Exit a Preemptive Strike? – ABC News
When the White House announced last week it would be losing the services of Lewis A. Sachs, one of the president’s top economic advisers, the reason given for Sachs’s departure was that his work was largely complete. Lewis A. Sachs, one of the

Vineyard defaults surge as lost land values undermine Napa wine – Daily Business Review
n California’s Napa Valley, producer of the most expensive U.S. wines, 2010 may be a vintage year for foreclosures as the industry is squeezed by falling land values and a consumer shift to cheaper brands. As many as 10 wineries and vineyards in

Washington Must Ban U.S. Credit Derivatives as Traders Demand Gold – Huffingtonpost.com
Congress should act immediately to abolish credit default swaps on the United States, because these derivatives will foment distortions in global currencies and gold. Failure to act now will only mean the U.S. will be forced to act after these

AIG agrees to sell Alico to MetLife for $15.5 billion – Daily Business Review
merican International Group Inc. agreed to sell a division to MetLife Inc. for $15.5 billion in the bailed-out company’s second divestiture of a non-U.S. life insurance unit this month. MetLife will pay $6.8 billion in cash and $8.7 billion in

Can they repossess the dog? What to know if the repo man comes calling – WTVF
In the past several years, one type of repossession has been in the headlines — home foreclosures. The term “foreclosure” actually refers to the process a bank undertakes to repossess a home when the owner has stopped making mortgage payments

‘Jet’-setting mobile home residents set to burn mortgage – Bradenton Herald
PALMETTO – Ask just about anyone what their favorite thing is about living in Jet Mobile Home Park, and they’ll probably tell you it’s their neighbors. “It’s the people, they’re so friendly,” said Kortne Lampman, who with her husband, Lee

Why I’m Now Less Optimistic About Credit Crisis – Seekingalpha.com
I have taken a less optimistic view of the credit crisis’ workout phase as evidenced by recent posts like Wood: “The endgame will be a systemic government debt crisis in the western world” and The mindset will not change; a depressionary

The Willies – American Reporter
BRADENTON, Fla., Dec. 24, 2009 — Yesterday, without warning, my right leg suddenly became paralyzed five times for about two minutes each time. It’s already happened twice today. So don’t holiday me. I’m falling apart. About six months ago, I was in

The Malaysian Insider – The Malaysian Insider
Premier League per se, who in their drive to become the best football league in the world, have transformed what is essentially a working class game into a quagmire of debt and dodgy dealings So the clubs mortgage every bolt in every seat in

Greece’s debt crisis may be felt on U.S. soil – Austin American-Statesman
The fear among some analysts is that just as subprime mortgage loans — representing a minuscule portion of the global financial landscape — triggered an epochal crisis back in 2007, so could Greece cause problems for much bigger, and apparently

The Biggest Financial Bailout of Them All – Huffingtonpost.com
Management estimates that the cumulative effect of adopting FAS 166/167 will Now, thanks to Congress, junk bond investors will be able to pawn off their bad debt to Fannie and Freddie, instead of suing the big investment houses for ripping them

The Willies – American Reporter
BRADENTON, Fla., Dec. 24, 2009 — Yesterday, without warning, my right leg suddenly became paralyzed five times for about two minutes each time. It’s already happened twice today. So don’t holiday me. I’m falling apart. About six months ago, I was in

The Malaysian Insider – The Malaysian Insider
Premier League per se, who in their drive to become the best football league in the world, have transformed what is essentially a working class game into a quagmire of debt and dodgy dealings So the clubs mortgage every bolt in every seat in

Greece’s debt crisis may be felt on U.S. soil – Austin American-Statesman
The fear among some analysts is that just as subprime mortgage loans — representing a minuscule portion of the global financial landscape — triggered an epochal crisis back in 2007, so could Greece cause problems for much bigger, and apparently

The Biggest Financial Bailout of Them All – Huffingtonpost.com
Management estimates that the cumulative effect of adopting FAS 166/167 will Now, thanks to Congress, junk bond investors will be able to pawn off their bad debt to Fannie and Freddie, instead of suing the big investment houses for ripping them