Boyne Resorts in it for long haul with CNL
Kennebec Journal, ME
Borrowers fear foreclosure. When it comes to the ski industry, that fear is especially pointed here in Maine, given American Skiing Co.'s debt-laden debacle. But fear not. The Boyne-CNL arrangement is nothing similar, and Boyne is in this for the long ...

Kathy Beacham Joins Coldwell Banker Howard Perry And Walston
The Open Press (press release)
Today the company has more than 800 real estate professionals, 13 sales offices, the area’s premier new homes division, a mortgage company, insurance services division, title company, an award-winning relocation division, a growing concierge home ...

A Wild Ride
Vertical Magazine (press release), Canada
As far back as February, the flight training industry was seeing the first indications of the looming credit crunch (see p.32, Vertical, Dec'08-Jan'09). Tourism began to slump over the summer. And when an increasing number of large corporations found ...

Cell Tower Battle Ensues At Elementary In Valrico
Tampa Tribune, FL
We have parents who are in foreclosure and can't put food on the table. How can we expect them to donate to a PTA fundraiser?" Chiarenza said. She said the Cimino PTA funds recess at the school, as well as mini-grants for teachers and art programs. ...

Real estate market sags
Brantford Expositor, Canada
“Increasingly, cautious home buyers and mortgage lenders mean that active listings will take longer to sell in 2009 compared to previous years.” There was a 25 per cent drop in year-to-year sales, with 128 sales recorded in February compared to 171 ...

British PM set for key White House talks
Manila Bulletin, Philippines
The United States and Britain have launched massive economic stimulus packages since the collapse of US subprime home loans sparked a credit crunch that developed into the worst economic slowdown since the Great Depression. Brown has said he wants to ...

UBS official to face Senate questioning
The Associated Press
The Swiss government — which is providing financial support to UBS as it struggles with massive losses stemming from the US subprime mortgage crisis — has refused to send a representative to Wednesday's Senate subcommittee hearing, in protest of the ...

Investment performance tops insurance risks
CNW Telbec (Communiqué de presse), Canada
Although concern about too much regulation has slipped down the rankings, it remains a key issue in all major markets; respondents are concerned that there will be a regulatory crackdown in the wake of the credit crunch. Insurance executives are also ...

Citigroup to allow jobless to cut mortgage payments
Daily Journal, SC
US President Barack Obama last month outlined a rescue plan that aims to lower monthly mortgage payments for some 9 million borrowers to help restore the housing market's health. Tuesday's move is Citigroup's latest attempt to ease conditions for ...

If You Play Ball With the Government, Expect to Strike Out
Town Hall, DC
Starting in January 2008, Bank of America, which had zero subprime exposure, decided to step in and buy Countrywide, a company quickly spiraling out of control due to its heavy emphasis on risky mortgage lending. Bank of America saw an opportunity to ...

Alliance & Leicester improves fixed rate mortgages
Easier (press release), UK
Commenting on the new portfolio, Nici Audhlam-Gardiner, Director of Alliance & Leicester Mortgages said: "Our mortgage portfolio is expanding and demonstrates that Alliance & Leicester is committed to offering a comprehensive range of mortgage products ...

Footnoted.org - Marlboro still smoking…
WallStNation.com, WA
Sure, the economy may be pretty dismal these days between thousands of job losses, stories about speed foreclosure hearings, and people setting their own broken bones. But all that gloom and doom doesn’t appear to have dampened consumers’ appetite for ...

Broker Sal Calabrese Takes Reins Of Brooklyn Board of Realtors
Brooklyn Daily Eagle, NY
... are more charity events and blood drives, more partnerships with community groups, stronger support of state and local legislators and the scheduling of a wide range of educational and outreach programs on foreclosure prevention and short sales. ...

Statement by Jonathan Drapkin about MTA mobility tax
Times Herald-Record, NY
We resent the implication that we are unwilling to contribute to the well being of the transit system when we today contribute: a portion of our sales tax, mortgage recording tax, petroleum tax, a match for the 18-b, fees paid by counties for the ...

How to Buy Satellites Cheaply -- As Shown by Liberty Media
Briefing.com, CA
They are much worse than any of the subprime mortgage loans that are now viewed as the cause of our financial crisis. In short, the Sirius credit agreement amounts to a three year (actually only 33 months) loan with 15% interest, no payments for the ...

Responding to Predatory Lending Complaints
WHSV, VA
His report to the committee says mortgage-related complaints from that region have risen from 257 in 2005 to 583 last year. Lawmakers were told that the request was submitted to Gov. Joe Manchin, but that it was not included in the governor's proposed ...

Stanislaus leads state in home affordability
Modesto Bee, CA
Prices of new and existing homes sold are collected from actual court records. Mortgage financing conditions incorporate interest rates on fixed- and adjustable-rate loans reported by the Federal Housing Finance Board.

Foreclosure crisis plan rolled out
Delaware Business Ledger, DE
President Obama has proposed a $75 billion plan that aims to stem the wave of foreclosures and provide more options for those who owe more on their mortgage than their home is worth. He introduced "Homeowner Affordability and Stabiliyt Plan" in the ...

Kiwibank loan rate at historic low
The Dominion Post, New Zealand
It is also cutting its six-month fixed mortgage rate to 5.79 per cent from 5.99. "The market is starting to price in further downward official cash rate moves by the Reserve Bank," Westpac NZ acting chief executive Bruce McLachlan said. ...

Homeowner Bailout Does Reflect Some Market Realities
Housing Wire
They focus on the first big element of the Plan, expanding refinancing for responsible homeowners: Anyone with mortgages owned or guaranteed by Fannie Mae and Freddie Mac will be able to refinance to lower rates if his mortgage is between 80% or 105% ...