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business / Real Estate-US

No shame in walking away from mortgage
Borrowers who "strategically default" and walk away from mortgages with the thinking  they're better off taking the risk aren't abusing system. They're using it the way it's designed to be used.
Msn Wednesday, October 14, 2009

Hong Kong apartment sells for $57 million
It's a price tag that would make even New Yorkers and Londoners gasp - an outsized luxury apartment sold for nearly $57 million in Hong Kong.
Msn Wednesday, October 14, 2009

Dow cracks 10,000 with help from Intel earnings
The steady increase in the stock market since the crash of October 2008 is buoying hopes that a recovery is far enough along for consumers to begin spending again, just in time for the holidays, and that banks will start lending again.
Mercury News Wednesday, October 14, 2009

Foreclosures rise 5 percent from summer to fall
WASHINGTON — The number of households caught up in the foreclosure crisis rose more than 5 percent from summer to fall as a federal effort to assist struggling borrowers was overwhelmed by a flood of defaults among people who lost their jobs.
Mercury News Wednesday, October 14, 2009

FDIC: Commercial real estate a challenge
Rising losses on commercial real estate loans will continue to hurt U.S. banks in coming months and pose the biggest challenge for many financial institutions and their overseers.
Msn Wednesday, October 14, 2009


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