Articles About Financing

Author:
James I. Clark III
Posted:
03.21.2012

Fannie Mae Asks Uncle Sam For More Money

In an attempt to dig itself out of a deepening hole, Fannie Mae has requested $4.6 billion in additional federal aid. “We think that we have reserved for and recognized substantially all of the credit losses associated with the legacy book,” Chief Financial Officer Susan McFarland said.  “We’re very focused on returning to profitability so […]

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Author:
James I. Clark III
Posted:
03.14.2012

A New Chapter for Iconic Empire State Building

The landmark 102-story Empire State Building in midtown Manhattan could raise as much as $1 billion in a share sale and become a real estate investment trust (REIT), if the company that controls that iconic structure if its plans pan out.  According to a Securities and Exchange Commission filing, Empire State Realty Trust, Inc., intends […]

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Author:
Mike Ochs
Posted:
03.12.2012

Pending Home Sales Rose Two Percent in January

The Pending Home Sales Index grew by two percent during January from the previous month to 97.0 — considerably above the 1.1 percent growth forecast by economists.  The index has risen eight percent when compared with one year ago.  Relaxed mortgage lending criteria, historically low interest rates and an improving labor market contributed to this […]

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Author:
Tom Silva
Posted:
03.06.2012

Gordon Gekko Changes His Mind, Says Greed Is Bad

Actor Michael Douglas is playing a new and rather surprising role as spokesman for the FBI to fight corruption on Wall Street.  The actor – famous for his line “greed is good” in the 1987 film “Wall Street” – is sending a new message in a public service announcement, explaining that insider trading is a […]

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Author:
Tom Silva
Posted:

Jafer Hasnain: The Housing Crisis: Where Do We Stand?

With home sales increasing in six of the last nine months and prices still 30 percent below the peak, the housing market is quite confounding.  That’s the opinion of Jafer Hasnain, Principal and co-founder of Lifeline Assets, a private equity firm that invests in single-family homes. In a recent interview for the Alter NOW Podcasts, […]

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Author:
James I. Clark III
Posted:
02.29.2012

Consumer Watchdog to Keep Eye on Debt Collectors, Credit Reporting Agencies

Debt collectors and credit reporting agencies — businesses that impact thousands of consumers — would face federal supervision for the first time under a rule a new federal watchdog proposal, which would allow the Consumer Financial Protection Bureau (CFPB) to examine approximately 200 firms, including large debt collectors. According to the proposal, these two segments […]

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Author:
Mike Ochs
Posted:
02.21.2012

As Foreclosures Decline, Federal Government Makes Deal With 49 States

In good news for beleaguered homeowners, the Obama administration announced a $26 billion mortgage settlement, which 49 out of 50 state attorneys general signed on to.  The deal won praise from such groups as the Mortgage Bankers Association, the industry trade group for lenders, and the Center for Responsible Lending, a public interest group advocating […]

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Author:
Tom Silva
Posted:
02.14.2012

Is Sears Really In Trouble?

Sears is trading at its lowest level levels since John Kerry won the Iowa Caucus and New Hampshire Primary in 2004 — and that’s not good news for one of America’s oldest retailers. The retailer, which owns Kmart as well as the Kenmore, Craftsman and Lands’ End brands, announced  after Christmas that it would close […]

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Author:
Tom Silva
Posted:
02.13.2012

What’s Wrong With Homeowners Defaulting? Companies Do It all the Time

When we say that a company “went bankrupt,” we imply that it had no other choice. But American Airlines deliberately filed for bankruptcy. The airline had four billion dollars in the bank and was in a position to pay its bills. American has been losing money for some time and its board decided that it […]

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Author:
James I. Clark III
Posted:
02.08.2012

Is Hard-Hit Ireland Resolving It’s Economic Crisis?

Ireland was one of the nations that was hardest hit by the Eurozone crisis, but now it’s being seen as leading stricken nations in their efforts to turn their economies around.  International Monetary Fund (IMF) and European Union (EU) officials are impressed by its austerity measures, imposed after the massive 2010 bailout.  For the average […]

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