Freddie Mac plans to stay on NYSE
BizJournals - Tue Dec 2, 5:09 pm ESTA day after Fannie Mae told the New York Stock Exchange that it intends to meet the continued listing standard, Freddie Mac did the same. (FRE)
Real Estate and Housing
145219 Stories, most recent news story added 1 hour, 43 minutes ago
News Stories
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Mortgage application, refinance volume surge
San Francisco Chronicle - 2 hours, 54 minutes agoMortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey. The trade group's application index surged to 857.7 in the week ended Nov. 28, up from 404.4 a...
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Russia to buy out mortgages from banks
AP via Yahoo! News - 1 hour, 43 minutes agoRussia's government pledged a mortgage buyout Wednesday and announced more aid for major airlines and other companies beyond an existing $200 billion financial rescue package, Russian news agencies reported.
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Service sector shrinks as new orders fall in Nov.
AP via Yahoo! News - 1 hour, 46 minutes agoThe U.S. service sector contracted far more than expected in November, as employment, new orders and prices fell precipitously, hurting retailers, hotels and airlines.
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Towering fraud: newspaper steals Empire State Building
AFP via Yahoo! News - 1 hour, 52 minutes agoCity crime is one thing, but a New York tabloid upped the ante Wednesday -- stealing the entire Empire State Building.
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Cairo to sport its first Ritz Carlton
AP via Yahoo! News - 1 hour, 57 minutes agoThe Nile Hilton — a Cairo landmark that for half-a-century hosted leaders and stars like Frank Sinatra — will undergo a 350 million Egyptian pound ($63 million) renovation before debuting as the capital's first Ritz Carlton.
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Dubai retreats on just-announced $95B development
AP via Yahoo! News - 2 hours, 13 minutes agoThe new Dubai developer that unveiled a $95 billion real estate project just two months ago said Wednesday it is reviewing its plans — the latest sign that the souring economy is dampening this brash boomtown's ambitions.
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Religion today
AP via Yahoo! News - 2 hours, 15 minutes agoEarly in the morning two Sundays ago, hundreds of Christian Egyptians quietly slipped into a former underwear factory where they had discreetly set up a church and held their first service. Bells rang and hymns were sung.
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SEC adopts new rules for credit-rating agencies
AP via Yahoo! News - 2 hours, 17 minutes agoFederal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.
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Jordanian duped into paying $1.2 mln in 'magic' gold trick
AFP via Yahoo! News - 2 hours, 15 minutes agoThree Jordanians duped a man into paying them more than one million dollars to extract gold from his Amman farm by "using magic", police said on Wednesday.
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Government recommends Kansas for biodefense lab
AP via Yahoo! News - 2 hours, 47 minutes agoThe federal government has recommended a site in Kansas for a new $450 million laboratory to study biological threats like anthrax and foot-and-mouth disease, congressional lawmakers and staff said Wednesday.
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Miami's must see sights
CNN - 2 hours, 57 minutes agoWhen most people think of Miami, they think of South Beach, with its glorious sands, glamorous people and gorgeous Art Deco buildings. In the 1920s and 30s Art Deco was the style of choice for the developers intent on turning Miami into a tourist hot spot and the Art Deco Historic District includes hundreds of examples of the style.
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CNN Student News Transcript: December 3, 2008
CNN - Wed Dec 3, 10:50 am ESTDecember 3, 2008
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Realogy’s Creditor Wars
New York Times - Wed Dec 3, 10:34 am ESTFor those who believe in corporate karma, there was a cosmic chuckle Tuesday when the suit filed by Carl Icahn’s High River against Realogy , the company owned and controlled by Apollo Management Group , was made public . In classic litigator form, the lawsuit was filed in Delaware Chancery Court the Wednesday evening before Thanksgiving; this no doubt ruined someone’s holiday.
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Fannie Mae, Fed Reserve ax holiday parties
The Hill - Tue Dec 2, 8:57 pm ESTThe country may be in a recession, but in Washington the holiday parties will go on — except for the industry...
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Goldman, Morgan Stanley face tough fourth quarter: analysts
Reuters via Yahoo! News - Wed Dec 3, 10:17 am ESTWall Street analysts expect a tough fourth quarter for Goldman Sachs Group Inc and Morgan Stanley , laden with significant write-downs amid challenging global markets.
Video
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Roseville Real Estate Company Files For Bankruptcy
CBS 13 / CW 31 Sacramento - Tue Dec 2, 1:39 am EST -
Shuffle for Capitol office space begins
KVUE-TV Austin - Mon Dec 1, 7:36 pm EST -
Developer and bank join forces to sell homes
KING5 Seattle - Tue Dec 2, 8:54 pm EST -
Gov't rejected tougher mortgage rules in 2005
AP - Mon Dec 1, 5:12 am EST
Y! Answers: Renting and Real Estate
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Open Question: If I give someone a gift of equity, how does that affect my taxes? I would like to give a gift of roughly 20%?
Wed Dec 3, 1:42 pm EST -
Open Question: Is it OK for me to keep frozen water on the basketball court at my apartment complex to keep people off of it?
Wed Dec 3, 1:41 pm EST -
Open Question: Prior to selling our building, can we do anything to reduce the taxable amount on the profit of the sale?
Wed Dec 3, 1:41 pm EST -
Open Question: Question Regarding Rights as a Condo Owner During a Building's Rehab?
Wed Dec 3, 1:38 pm EST
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