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Bank of America Reports Second-Quarter 2011 Financial Results Tuesday, July 19, 2011 @ 6:10AMCHARLOTTE--(BUSINESS WIRE)--Bank of America Corporation today reported a net loss of $8.8 billion, or $0.90 per diluted share, for the second quarter of 2011, compared with net income of $3.1 billion, or $0.27 per diluted share, in the year-ago period. Excluding certain mortgage-related items and other selected items, net income was $3.7 billion1, or $0.33 per diluted share, in the second ...
Trumped up: Kluge bankruptcy means all signs point to Donald Tuesday, July 19, 2011 @ 5:23AMPatricia Kluge has always had a knack for seizing opportunities, so why should her personal bankruptcy be any different? As lenders converged to seize her winery and her beloved 45-room Albemarle House, she found a way to seize an opportunity-- to get a longtime chum who also happens to be America's top dealmaker to deliver a new message: This land is now… The Donald's land. That's the point ...
Mercantile Bank Corporation Reports Second Quarter 2011 Results Tuesday, July 19, 2011 @ 5:00AMMercantile Bank Corporation reported net income attributable to common shares of $2.4 million, or $0.27 per diluted share, for the second quarter of 2011, compared with a net loss attributable to common shares of $0.7 million, or per diluted share, for the prior-year period. Â The second quarter was highlighted by:
AP Exclusive: Mortgage 'robo-signing' goes on Tuesday, July 19, 2011 @ 4:50AMMortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.
RealtyJoin.com Selects Foreclosure.com to Power its Foreclosure Listings Search Tuesday, July 19, 2011 @ 4:04AMAmerica’s number one source for the most up-to-date distressed real estate information to provide national foreclosure listings to the industry's leading interactive social and business networking site. (PRWeb July 19, 2011) Read the full story at http://www.prweb.com/releases/freeforeclosure/listingssearchrealtyjoin/prweb8643299.htm
New Resource for Houses for Sale in St. Charles MO & St. Louis MO Goes Online Tuesday, July 19, 2011 @ 4:03AMRoland and Linda Hauhe (Hoy), specialists in houses for sale in St. Charles, MO and St. Louis, MO, recently unveiled a new website targeted towards homebuyers and sellers in the area. (PRWeb July 19, 2011) Read the full story at http://www.prweb.com/releases/StLouisCounty/Real/prweb8640815.htm
Housing market gains momentum Tuesday, July 19, 2011 @ 1:36AMLow interest rates, low prices and some incentives drove home sales in Shasta County in June to their highest level in nearly four years.
Housing Starts in U.S. Probably Rose in June for Second Month Tuesday, July 19, 2011 @ 12:03AMHousing starts in the U.S. probably rose in June for a second month as the industry struggled to recover in the face of foreclosures and rising unemployment, economists said before a report today.
Housing agency is struggling to survive Monday, July 18, 2011 @ 10:31PMAn agency dedicated to helping low-income residents find affordable housing is on life support and no longer has a home of its own.
Known Florida robo-signing names turn up on mortgage documents elsewhere Monday, July 18, 2011 @ 10:27PMTimes staff and wires Monday, July 18, 2011 Florida names connected to last fall's mortgage "robo-signing'' scandal are turning up on documents again. County officials in at least three states say they have received thousands of mortgage documents with questionable signatures in the past eight months. Lenders say they are working with regulators to fix the problem but cannot explain why the ...
Roper St. Francis battles Trident center's expansion Sunday, July 17, 2011 @ 11:28PMRoper St. Francis Healthcare is fighting Trident Health System's proposed $26 million expansion of Summerville Medical Center.
Economic Time Machine: South Florida’s road to recovery Sunday, July 17, 2011 @ 9:34PMSome South Florida industries are racing ahead while others lag behind.
Historic brick storefronts to vacant rural land in county tax auction Sunday, July 17, 2011 @ 7:31PMPhotographs and maps of 79 properties on the July 21 auction list cover two walls outside the treasurer’s office in the basement of the courthouse. The images of houses ranging from dilapidated wrecks to several newer homes are also now available online at www.sri-taxsale.com/Lenawee .
Northern San Joaquin Valley home sales slump in peak season Sunday, July 17, 2011 @ 12:30AMDuring what's traditionally the peak time for home sales, the housing market in the Northern San Joaquin Valley continued to struggle to recover from its devastating collapse more than five years ago.
Departure from conservative origins doomed M&I Bank Saturday, July 16, 2011 @ 10:18PMThe Wisconsin bank went looking for growth in the Sun Belt and lost big when the housing market collapsed.
Pay up! Delinquent tax bills past due Saturday, July 16, 2011 @ 10:17PMAs Friday’s deadline looms for paying second-half real-estate taxes in Tuscarawas County, most property owners will pay on time. However, those with longstanding delinquent tax bills are seeing increased efforts to collect those bills.
New home market down but not out Saturday, July 16, 2011 @ 4:54AMWorkers frame new homes on Friday at Escena in Palm Springs. After a lull in construction, the development is bustling with construction activity. / Michael Snyder The desert sun
South Lebanon OKs property code Saturday, July 16, 2011 @ 2:20AMIONA - The South Lebanon supervisors this week approved a resolution to adhere to the International Property Maintenance Code, a move that board members said augments a recently passed ordinance.
Officials purchase foreclosed property near fairgrounds Saturday, July 16, 2011 @ 2:15AMCounty officials agreed Tuesday to purchase a piece of property that was foreclosed upon earlier this year.
Neighbor says Michael O’Donnell’s Tremont Street property in Taunton is a theft hot spot Thursday, July 14, 2011 @ 11:17PMJamie Soares said he isn’t surprised real estate owner Michael O’Donnell this week reported to police that someone had trespassed on O’Donnell’s 115 Tremont St. property and ripped apart one of his vehicles parked there.
Freddie Mac offering incentives to buy foreclosed homes Thursday, July 14, 2011 @ 11:15PMFreddie Mac is offering up to 3.5 percent of closing costs for people who place an offer on a foreclosed home in the agency's HomeSteps program. The program features foreclosed homes from across the country.
TOXIC ASSETS Thursday, July 14, 2011 @ 5:30PMMany Foreclosed Houses Are Infested by MoldNEW YORK-The next time someone tells you that capitalism is efficient, remember the mold houses.I used to be a banker. Some of my customers had trouble making their loan payments. We usually had recourse to some sort of collateral-often real estate. But my bank really didn't want to foreclose."We're bankers," my boss told me the first time this issue ...
Washington Federal's 3Q profit more than doubles Thursday, July 14, 2011 @ 5:25PMWashington Federal said Thursday that its third-quarter profit more than doubled from a year ago as its net interest income rose nearly...
VA Loans Make Many Foreclosed Homes Off-Limits Thursday, July 14, 2011 @ 5:18PMVeterans Affairs loans offer good deals to vets, but they come with strings attached: strict provisions that can make it hard to buy foreclosed properties. Now many vets complain that the rules prevent them from bidding on the best deals. read more
Distressed Homes Dominate California Sales Thursday, July 14, 2011 @ 4:18PMSAN DIEGO (DQNews) -- An estimated 38,975 new and resale houses and condos were sold across California last month, with distressed property sales making up more than half of resales. The overall sales volume was up 9.7% from 35,536 sales in May, and down 11.3% from 43,964 sales in June 2010, according to San Diego-based DataQuick. California sales for the month of June have varied from a low of ...
County Bankruptcy Filings Fall Slightly Thursday, July 14, 2011 @ 4:16PMThe total number of bankruptcies filed in Shelby County has slowly declined over the last two years.All chapters combined – Chapters 7, 11 and 13 – am...
Real Estate Matters: Have we hit bottom in Twin Cities housing market? Thursday, July 14, 2011 @ 3:39PMAccording to the Case-Shiller housing index, the Twin Cities housing market has been one of the worst performers in the nation for several months. Is this really true? What happened to our traditionally stable housing market? More important, what are our prospects for recovery?
Foreclosures Down in State Thursday, July 14, 2011 @ 2:13PMThe number of Mississippi residents threatened by the loss of their homes dropped during the second quarter, a national tracking firm said Thursday. Irvine, Calif.-based RealtyTrac said that for the three months ending June 30, 840 properties were targeted by some foreclosure-related action.
SCVBank Reports Continued Profitability in Second Quarter Wednesday, July 13, 2011 @ 9:55PMSanta Clara Valley Bank (SCVBank) (OTCBB:SCVE) today announced its 2011 second quarter and year-to-date financial results. SCVBank recorded a net profit of $113,000 for the second quarter of 2011, compared to a profit of $33,000 experienced a year earlier.
Are renting's bargains at small complexes? Wednesday, July 13, 2011 @ 7:59PMA
Fannie Offers Incentives to Buyers Wednesday, July 13, 2011 @ 7:27PMInterested in taking advantage of the current low mortgage rates and housing prices, but aren't sure you can handle the down payment and other upfront costs? You might take a look at buying a
Rental boom bad for sellers Wednesday, July 13, 2011 @ 6:08PMThe rental business is booming in Hampton Roads, and the new trend isn't leaving a lot of options for sellers in the market.
Fort Myers considering prime real estate buy Wednesday, July 13, 2011 @ 4:45PMFort Myers city leaders want to buy a chunk of land along the riverfront to bring more boats and restaurants to downtown.
ProPublica: FDIC Chair: Mortgage Industry 'Didn't Think Borrowers Were Worth Helping' Wednesday, July 13, 2011 @ 4:43PMBy Lois Beckett, ProPublica Outgoing Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair's revealing exit interview by the New York Times' Joe Nocera [1] has...
Marshall County feeling effects of foreclosures Wednesday, July 13, 2011 @ 4:31PMMarshall County has not been immune to the effects of the housing bubble burst of August 2008.
FDIC Chair: Lenders And Gov't At Fault In Mortgage Mess Wednesday, July 13, 2011 @ 12:30PMWhile Bair said that President Barack Obama's "heart is in the right place," she criticized his economic team for taking controversial steps to aid banks while, in Nocera's words, being "utterly unwilling to take any political heat to help homeowners."
'Trickle' of foreclosures continues Wednesday, July 13, 2011 @ 11:45AMBanks foreclosed on fewer homeowners in the South Bay in June while the number of people served notices they were falling behind on their payments rose slightly, according to a report by ForeclosureRadar Tuesday.
Supply of home listings shrinks Wednesday, July 13, 2011 @ 11:06AMOrlando's inventory of houses listed for sale is the smallest its been December 2005, according to a report released today by Orlando Regional Realtors Association.
Historic tollhouse could become educational trailhead Wednesday, July 13, 2011 @ 10:09AMThe Broad Run tollhouse property in Ashburn once served as a stopping point for weary travelers. More than a century later, the historic site may once again function as a center for trekkers to cool their heels.
E-mail letters, July 12, 2011 Wednesday, July 13, 2011 @ 9:59AMThe Grand Junction Airport Authority claims the TSA is requiring a new security fence at the airport that will severely impact business on the airport. How is that possible when the same is not required at other airports, such as Montrose?
FDIC chairwoman Sheila Bair: Mortgage industry 'didn't think borrowers were worth helping' Wednesday, July 13, 2011 @ 9:57AMThe government has only recently started to penalize banks for mistakes in mortgage modifications.
China's galloping growth settles global unease but default looms large in Europe Wednesday, July 13, 2011 @ 9:16AMChina demonstrated again yesterday how central it has become to the world's attempt to leave behind the global crisis of 2008-09.
Real Estate Agent, Loan Officer Among Five Defendants to Plead Guilty to $11 Million Mortgage Fraud Wednesday, July 13, 2011 @ 8:00AMMortgage fraud scheme that involved upscale homes in Lee’s Summit, Blue Springs, Liberty, Parkville
Sheila C. Bair: Stop selling the long term short Wednesday, July 13, 2011 @ 6:33AMThe nation is still struggling with the effects of the most serious financial crisis and economic downturn since the Great Depression. But Wall Street seems all too ready to return to the same untenable business practices that brought it to its knees less than three years ago. And some in government who claim to be representing Main Street seem all too ready to help.
Southfield cleared of wrongdoing in mayor's daughter's renovations Wednesday, July 13, 2011 @ 6:24AMFederal officials have cleared the city of Southfield of any error in funding renovations at the home of Southfield Mayor Brenda Lawrence's daughter.
Adams LaSalle Acquires Troubled Office Complex Wednesday, July 13, 2011 @ 5:37AMST. CHARLES, IL-Adams LaSalle Realty has purchased the 80,000-square-foot St. Charles Executive Center office complex here. The move by the Chicago-based firm was an all-cash deal with the lender after the property was foreclosed, with ALR paying less than half of the $8 million due on the debt.
Florida Foreclosure Homes Offer Great Savings for Homebuyers Wednesday, July 13, 2011 @ 3:54AMThe best deal in the Florida real estate will not be found on the open market.
Investing a Home in Miami Real Estate Wednesday, July 13, 2011 @ 3:54AMMany believe that investing a residential property in Miami real estate is a good idea, while there are others tend to have second thoughts in the matter of thinking that it might be a waste of time and money.
A Twist in the Sales Game Wednesday, July 13, 2011 @ 2:30AMDOWNTOWN LOS ANGELES - The final touches of an extensive renovation are being placed on the Mercantile Lofts. This is interesting for two reasons: 1) The exact same thing happened just four years ago, and 2) The upgrades are taking place because the tenants have been moved out and the Historic Core building is being turned from apartments to condominiums, a rarity in a market where mortgages can ...
Copper-theft epidemic grows Tuesday, July 12, 2011 @ 12:20AMJason Conley, an employee with ATM Recycling in Palm Bay, sorts through copper wiring and tubing. ATM, which has locations in Cocoa and Titusville, cooperates with law enforcement in preventing stolen copper and other metals from being brought in.