Mortgage Banking

Founded in 1939, Mortgage Banking Magazine is a professional trade magazine published by Mortgage Bankers Association of America. Its headquarters are located in Washington, D.C. The magazine is published monthly and serves the banking, real estate and financial markets. Janet Hewitt is the editor-in-chief.

Articles from Vol. 69, No. 1, October

ALL'S WELL AT Wells
Wells Fargo Home Mortgage, Des Moines, Iowa, has twice the brainpower leading the mortgage company with its two co-presidents sharing the executive duties. As a result, Wells is gaining market share while others are wilting.Are two heads better than...
All's Well at Wells: Wells Fargo Home Mortgage, Des Moines, Iowa, Has Twice the Brainpower Leading the Mortgage Company with Its Two Co-Presidents Sharing the Executive Duties. as a Result, Wells Is Gaining Market Share While Others Are Wilting
Are two heads better than one? At Wells Fargo Home Mortgage, apparently the answer is yes--because the Des Moines, Iowa-based subsidiary of Wells Fargo & Co., the San Francisco banking giant, is standing tall in the residential mortgage market...
A New Foundation
Americans were puzzled last month to hear their leaders say that something they could not even see could pose such a dire threat to their well-being. well-oiled credit markets are simply taken for granted in this country. People can't even envision...
Apartment Demand Weakened by Financial Crisis but Holding Up in Q2
The ongoing turmoil in the financial markets showed evidence of affecting the apartment sector during the second quarter of 2008 as the financial crisis has hurt capital availability, according to the National Multi Housing Council (NMHC), Washington,...
Apartment Demand Weakened by Financial Crisis but Holding Up in Q2
The ongoing turmoil in the financial markets showed evidence of affecting the apartment sector during the second quarter of 2008 as the financial crisis has hurt capital availability, according to the National Multi Housing Council (NMHC), Washington,...
A Strategy for Long-Term Growth
Envoy Mortgage is thriving right now in the midst of market mayhem. Part of this stems from adhering to a set of core principles that made the company get out of subprime lending way back in 2005.On Oct. 1, First Houston Mortgage changed its name to...
A Strategy for Long-Term Growth: Envoy Mortgage Is Thriving Right Now in the Midst of Market Mayhem. Part of This Stems from Adhering to a Set of Core Principles That Made the Company Get out of Subprime Lending Way Back in 2005
On Oct. 1, First Houston Mortgage changed its name to Envoy Mortgage as part of our company's effort to rebrand itself from a regional company to a national lending organization. Despite the worst downturn in the history of the mortgage business, this...
Banks, Thrifts Report Earnings Drain in 2Q
Commercial banks, savings institutions and thrifts regulated and insured by the government posted a significant decline in earnings during the second quarter of 2008, prompting regulators to consider options to bolster its financial backstop measures....
Best- and Worst-Performing Counties by 3-Month and 1-Year HPI Change
Best- and Worst-Performing Counties by 3-Month and 1-Year HPI Change Single-Family Detached (July 2008 Data) 10 Best-Performing Counties by 3-Month HPI Change County/State 3-Month HPI Change Repeat-Sales Median Home Price CUYAHOGA, OH ...
Brand Mortgage Selects Sollen to Provide Product and Pricing
Dallas-based Sollen Technologies announced it has been chosen by Duluth, Georgia-based Brand Mortgage to use its loan pricing and pipeline management tool, Lender Online, which allows the company's loan officers to sift through thousands of products...
Brand Mortgage Selects Sollen to Provide Product and Pricing
Dallas-based Sollen Technologies announced it has been chosen by Duluth, Georgia-based Brand Mortgage to use its loan pricing and pipeline management tool, Lender Online, which allows the company's loan officers to sift through thousands of products...
Collecting All the Interest Due on the Mortgage
The recoverable interest on a mortgage in default is at times likely to be more than, or different from, the face rate in the note. Because this will so often be true, servicers do themselves a favor by being aware of what might be available. Servicers...
Commercial/MF Delinquency Rates 'Up Slightly' in Q2
Delinquency rates ticked up slightly during the second quarter of 2008 for most commercial/multifamily mortgage investor groups, but remained at the lower end of their historical ranges, according to a new report from the Mortgage Bankers Association...
Commercial/MF Delinquency Rates 'Up Slightly' in Q2
Delinquency rates ticked up slightly during the second quarter of 2008 for most commercial/multifamily mortgage investor groups, but remained at the lower end of their historical ranges, according to a new report from the Mortgage Bankers Association...
Commercial Real Estate Credit Availability 'Much Worse'
Problems in U.S. financial markets and the broad economic downturn are having a negative effect on income-producing real estate, encompassing office buildings, shopping malls, warehouses, hotels and apartment buildings, according to a new survey by...
Commercial Real Estate Credit Availability 'Much Worse'
Problems in U.S. financial markets and the broad economic downturn are having a negative effect on income-producing real estate, encompassing office buildings, shopping malls, warehouses, hotels and apartment buildings, according to a new survey by the...
ComplianceEase Teams with Regulators to Automate Exams
ComplianceEase, Burlingame, California, announced in August the initial release of its RegulatorConnect [TM] and RegulatorDirect [TM] solutions. The solutions are designed to enable state-regulated mortgage lenders and banking institutions to plug...
ComplianceEase Teams with Regulators to Automate Exams
ComplianceEase, Burlingame, California, announced in August the initial release of its RegulatorConnect(TM) and RegulatorDirect(TM) solutions.The solutions are designed to enable state-regulated mortgage lenders and banking institutions to plug into...
Cornerstone's EDGE
Houston's Cornerstone Mortgage may just be the face of the new originator. A midsized independent, it invests in quality loan officers and top-flight technology.Let's stop for a minute and take a look at the mortgage industry landscape. What do we see-a...
Cornerstone's EDGE: Houston's Cornerstone Mortgage May Just Be the Face of the New Originator. A Midsized Independent, It Invests in Quality Loan Officers and Top-Flight Technology
Let's stop for a minute and take a look at the mortgage industry landscape. What do we see--a no-longer-independently-owned Countrywide Financial Corporation, an Indymac Bancorp run by regulators and nearly 300 other "imploded" home loan lenders. Ailing...
COVERED BONDS-A Timely Alternative
With the current stall in the securitization markets and the issue of liquidity gaining predominance, it may be a good time for banks to explore a different option for leveraging the mortgage collateral held on their balance sheets. Covered bonds offer...
Covered Bonds-A Timely Alternative: With the Mortgage-Backed Securities Market Still Pretty Frozen, Banks and Other Lenders Might Consider Issuance of Covered Bonds as an Alternative Financing Method
With the current stall in the securitization markets and the issue of liquidity gaining predominance, it may be a good time for banks to explore a different option for leveraging the mortgage collateral held on their balance sheets. Covered bonds offer...
eLynx Introduces Audit Trail for Mortgage Document Paper Delivery
Cincinnati-based eLynx--a portfolio company of American Capital Ltd., Bethesda, Maryland--announced the availability of a new watermarking capability for its paper delivery customers of the expedite [TM] platform. These new capabilities are intended...
eLynx Introduces Audit Trail for Mortgage Document Paper Delivery
Cincinnati-based eLynx-a portfolio company of American Capital Ltd., Bethesda, Maryland-announced the availability of a new watermarking capability for its paper delivery customers of the expedite(TM) platform.These new capabilities are intended to simplify...
FHA by the Book
Two years ago, the Federal Housing Administration (FHA) couldn't get a date. Now its phone is ringing off the hook. In the wake of the subprime meltdown, for the first time in a long time, mortgage lenders are showing interest in the FHA-a program Congress...
FHA by the Book: Lenders New to the FHA Program Need to Be Aware of the Main Missteps That Can Land Them in Trouble. Here Are Some Tips on the 10 Most Common Mistakes Made by FHA Lenders
Two years ago, the Federal Housing Administration (FHA) couldn't get a date. Now its phone is ringing off the hook. In the wake of the subprime meltdown, for the first time in a long time, mortgage lenders are showing interest in the FHA--a program...
FHFA Finds Q2 Home-Price Growth Posts Record-Setting Decline
The average price growth for a home in the United States during the second quarter of 2008 posted a record-setting decline, according to the Federal Housing Finance Agency (FHFA), formerly the Office of Federal Housing Enterprise Oversight (OFHEO)....
FHFA Finds Q2 Home-Price Growth Posts Record-Setting Decline
The average price growth for a home in the United States during the second quarter of 2008 posted a record-setting decline, according to the Federal Housing Finance Agency (FHFA), formerly the Office of Federal Housing Enterprise Oversight (OFHEO).FHFA's...
Gateway Cities
Immigration and the global economy are driving economic growth in gateway cities around the globe. Some U.S. cities caught up in the wave: Atlanta; Austin, Texas; Charlotte, North Carolina; Dallas; Minneapolis; Phoenix; Portland, Oregon; Sacramento,...
Gateway Cities: Immigration and the Global Economy Are Driving Economic Growth in Gateway Cities around the Globe. Some U.S. Cities Caught Up in the Wave: Atlanta; Austin, Texas; Charlotte, North Carolina; Dallas; Minneapolis; Phoenix; Portland, Oregon; Sacramento, California; and Washington, D.C
The nation's gateway cities are defined by urban experts as those deriving added economic muscle from their strong links to the expanding global network of commerce and finance. These cities serve as the key entry points for both pools of foreign workers...
Generation Gap
Looking back over the past three decades, just about everything has changed in the world of mortgage lending. It's not your father's mortgage business anymore.Thirty years was a lifetime ago. Some people reading this article weren't even born, and others...
Generation Gap: Looking Back over the Past Three Decades, Just about Everything Has Changed in the World of Mortgage Lending. It's Not Your Father's Mortgage Business Anymore
Thirty years was a lifetime ago. Some people reading this article weren't even born, and others were still living at home--their parents' home. Ronald Reagan was just a former governor of California, the Cold War still had us facing off against the...
GE Real Estate Funds $63 Million Loan for Three-State Portfolio
GE Real Estate, Norwalk, Connecticut, announced it has provided a $63 million, three-year loan to Koll/PER--a partnership between The Koll Company, Newport Beach, California, and the Public Employee Retirement System of Idaho, Boise--to refinance a...
GE Real Estate Funds $63 Million Loan for Three-State Portfolio
GE Real Estate, Norwalk, Connecticut, announced it has provided a $63 million, three-year loan to Koll/PERa partnership between The Koll Company, Newport Beach, California, and the Public Employee Retirement System of Idaho, Boise-to refinance a nine-property,...
Harnessing the Current of Change
The past year in Washington, D.C., brought tremendous change to our industry at a pace and with an intensity that is likely to continue in 2009. Thanks to the efforts of our dedicated and skilled leadership, members and staff, the Mortgage Bankers...
HMDA Data Show Decline in Overall Loans in 2007
The number of reported mortgage applications and purchased loans declined overall in 2007 compared with 2006 as both primary and secondary mortgage markets experienced "considerable stress" in 2007--a condition that's continued into 2008, according...
HMDA Data Show Decline in Overall Loans in 2007
The number of reported mortgage applications and purchased loans declined overall in 2007 compared with 2006 as both primary and secondary mortgage markets experienced "considerable stress" in 2007-a condition that's continued into 2008, according to...
Housing Activity
Housing Activity Residential Structures (Thousands of Units, SAAR) BY TYPE OF UNIT HOUSING STARTS BUILDING PERMITS Total Single- Multi- Total Single- Multi- Family Family ...
How Did We Get Here?
How did the American mortgage finance system get from the Great Depression to where it is today? It's starting to feel like we're back where we started.The United States has a unique mortgage product, and its design was almost an accident. The United...
How Did We Get Here? How Did the American Mortgage Finance System Get from the Great Depression to Where It Is Today? It's Starting to Feel like We're Back Where We Started
The United States has a unique mortgage product, and its design was almost an accident. The United States is the only country in the world where consumers have easy access to a long-term, fixed-rate, low-down-payment mortgage with no prepayment penalties....
HUD Says Multifamily Sector 'Somewhat Mixed' in Second Quarter
The multifamily housing market was "somewhat mixed" in the second quarter of 2008 even as multifamily performed better than the single-family sector, according to U.S. Housing Market Conditions, an analysis by the Department of Housing and Urban Development...
Industrial Market Continues to Weaken during First Half of 2008
The U.S. industrial and warehouse market contracted considerably during the second quarter of 2008, posting a drop in absorption and a sizable increase in vacancy, according to Boston-based Colliers International Property Consultants Inc. A combination...
Industrial Market Continues to Weaken during First Half of 2008
The U.S. industrial and warehouse market contracted considerably during the second quarter of 2008, posting a drop in absorption and a sizable increase in vacancy, according to Boston-based Colliers International Property Consultants Inc.A combination...
Interview: Rep. Paul E. Kanjorski
First elected to the House of Representatives in 1984, Rep. Paul E. Kanjorski (D-Pennsylvania) ranks 43rd in seniority out of 435 House members. As chairman of the House Financial Services Subcommittee on Capital Markets--with jurisdiction over securities,...
Key Economic Indicators and Interest Rates
Key Economic Indicators and Interest Rates CONSUMER PRICES, MBA MORTGAGE YEAR-OVER-YEAR INTEREST CHANGE (%) RATES (%) ...
Long Road to Recovery
Today's financial market turmoil "will last longer than many have imagined," forecasts Richard Berner, chief U.S. economist at Wall Street firm Morgan Stanley. Overlapping factors contribute to this weakness. Economist Robert Samuelson notes in The...
MBA: CA, FL Drive Increase in Record 2q National Foreclosure Rate
The share of homeowners in the foreclosure process set a new record, while the share of homeowners paying their mortgages late posted a significant increase during the second quarter of 2008, according to the Mortgage Bankers Association (MBA). ...
MBA: CA, FL Drive Increase in Record 2Q National Foreclosure Rate
The share of homeowners in the foreclosure process set a new record, while the share of homeowners paying their mortgages late posted a significant increase during the second quarter of 2008, according to the Mortgage Bankers Association (MBA).MBA's...
MBA: Q2 Commercial/multifamily Originations Fall
Commercial and multifamily mortgage loan originations continued to fall on a year-over-year basis in the second quarter of 2008, according to the Mortgage Bankers Association. MBA's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations...
MBA: Q2 Commercial/multifamily Originations Fall
Commercial and multifamily mortgage loan originations continued to fall on a year-over-year basis in the second quarter of 2008, according to the Mortgage Bankers Association.MBA's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations...
Mortgage Applications Indexes
Mortgage Applications Indexes Mortgage Bankers Association (MBA) MARKET COMPOSITES (Unadjusted) Market Purchase Refinance FRM ARM Index Index Index Index Index AUG-07 664.2 465.1...
Mortgage Fraud Up by 42 Percent in Q1
Florida continues to lead all the states in the union in incidence of mortgage fraud, accounting for nearly one-quarter of fraud against lenders during the first quarter of 2008, according to a report by the Mortgage Asset Research Institute (MARI),...
Mortgage Fraud Up by 42 Percent in Q1
Florida continues to lead all the states in the union in incidence of mortgage fraud, accounting for nearly one-quarter of fraud against lenders during the first quarter of 2008, according to a report by the Mortgage Asset Research Institute (MARI),...
Mortgage Performance
2007 Prime Book Vintage Report * MSA 2007 National (seriously Index Delinquent %) 1 Fort Myers--Cape Coral,...
Mortgage Performance
Top 25 Prime Prepaying Metros * MSA 3-Month CPR National Index 1 Grand Junction, CO 23.63 164 2 Casper, WY 22.07 153 3 Wausau, WI 21.96...
My Old Kentucky Home
David Kittle, incoming chairman of the Mortgage Bankers Association, is on home turf at Churchill Downs. This Kentucky native will be a hard-charging voice for the mortgage business in its bid to restore the industry's reputation.Barreling down the back...
My Old Kentucky Home: David Kittle, Incoming Chairman of the Mortgage Bankers Association, Is on Home Turf at Churchill Downs. This Kentucky Native Will Be a Hard-Charging Voice for the Mortgage Business in Its Bid to Restore the Industry's Reputation
Barreling down the back roads of Kentucky's fabled horse country, you pass picture-postcard farms home to thoroughbred racing's four-legged elite. The landscape reeks of tradition. Perfectly painted fence posts and barn roofs echo the colors of racing...
New Century Financial: Lessons Learned
The examiner's final report to the bankruptcy court on the demise of New Century Financial Corporation documents some important lessons in corporate governance for mortgage lenders and financial services institutions.New Century Financial Corporation,...
New Century Financial: Lessons Learned: The Examiner's Final Report to the Bankruptcy Court on the Demise of New Century Financial Corporation Documents Some Important Lessons in Corporate Governance for Mortgage Lenders and Financial Services Institutions
New Century Financial Corporation, Irvine, California, then the nation's second largest originator of subprime mortgage loans, announced on Feb. 7, 2007, that it would have to restate its financials for the first three quarters of 2006. Following this...
OTS, OCC Report Notes Increase in Loss Mitigation
Despite an overall decline in mortgage credit quality and an increase in foreclosures, actions by national banks and thrifts to prevent home mortgage foreclosures increased faster than their new foreclosures during the second quarter of 2008, according...
OTS, OCC Report Notes Increase in Loss Mitigation
Despite an overall decline in mortgage credit quality and an increase in foreclosures, actions by national banks and thrifts to prevent home mortgage foreclosures increased faster than their new foreclosures during the second quarter of 2008, according...
People
Herbert M. Allison Jr. has been named president and chief executive officer, and Philip A. Laskawy has been appointed the non-executive chairman of Fannie Mae. Peter Niculescu has been named executive vice president and chief business officer, David...
'Pockets of Resilience' despite National Home-Price Decline
Despite the housing market's problems (home prices across the United States have fallen 14 percent on a national basis), Nashville, Tennessee, was the lead metropolitan area among a number of "pockets of resilience" bucking the national trend during...
'Pockets of Resilience' despite National Home-Price Decline
Despite the housing market's problems (home prices across the United States have fallen 14 percent on a national basis), Nashville, Tennessee, was the lead metropolitan area among a number of "pockets of resilience" bucking the national trend during...
Presidential Profiles-Obama
On Sept. 7, 2008, U.S. Secretary of the Treasury Henry Paulson looked into the television camera and said: "I support the director's [James B. Lockhart, director of the newly created Federal Housing Finance Agency (FHFA)] decision as necessary and appropriate,...
Presidential Profiles-Obama: This Is the Second of Two Articles on the 2008 Presidential Candidates and Their Housing Policy Platforms. the First, on John McCain, Ran in the September Issue
On Sept 7,2008, U.S. Secretary of the Treasury Henry Paulson looked into the television camera and said: "I support the director's [James B. Lockhart, director of the newly created Federal Housing Finance Agency (FHFA)] decision as necessary and appropriate,...
Q&A with HUD Secretary Steve Preston
Steve Preston was sworn in as secretary of the Department of Housing and Urban Development (HUD) on June 5, filling the vacancy left by the resignation of former HUD Secretary Alphonse Jackson last March. Prior to coming to HUD, Preston served as administrator...
Q&A with HUD Secretary Steve Preston: A Brand-New HUD Secretary Has Stepped into the Job When Much Remains to Be Done to Shore Up the Housing Market, Implement a Massive New Housing Law and Oversee a Revived FHA Program
Steve Preston was sworn in as secretary of the Department of Housing and Urban Development (HUD) on June 5, filling the vacancy left by the resignation of former HUD Secretary Alphonso Jackson last March. Prior to coming to HUD, Preston served as administrator...
Rating Agencies Down-Grade AIG; Fed Extends $85 Billion Loan
New York-based Moody's Investors Service announced in mid-September that it had downgraded the senior unsecured debt rating of American International Group Inc. (AIG), New York, even as the rating agency reviews AIG's long-term and prime-1 short-term...
Rental Apartment Market Conditions Weaken Slightly
A mid concerns of a slowing overall economy and continuing trouble in other sectors of the housing market, builder confidence in the rental apartment market dipped in the second quarter of 2008, according to the National Association of Home Builders...
Rental Apartment Market Conditions Weaken Slightly
Amid concerns of a slowing overall economy and continuing trouble in other sectors of the housing market, builder confidence in the rental apartment market dipped in the second quarter of 2008, according to the National Association of Home Builders (NAHB),...
Servicer-Led Solutions Provide Blueprint in Rebuilding U.S. Mortgage Market
Any massive storm provides the opportunity to rebuild in a manner that is stronger. While the mortgage storm has yet to subside, the good news is the overhaul that ultimately will bolster the housing industry and reinstate trust from the global secondary...
Striking the RIGHT BALANCE
Are the Federal Reserve Board's newly issued Home Ownership and Equity Protection Act (HOEPA) regulations strong enough to cause Congress to abandon its efforts in the coming year to reform the business of originating residential mortgage loans? * The...
Striking the Right Balance: New Regulations Issued by the Federal Reserve Seek to Carve out Protections for Borrowers in a New Category of "Higher-Priced Loans." but Will These Protections Be Enough to Satisfy Congress as It Seeks to Enact Tough Restrictions on Originators in the Wake of the Foreclosure Crisis?
Are the Federal Reserve Board's newly issued Home Ownership and Equity Protection Act (HOEPA) regulations strong enough to cause Congress to abandon its efforts in the coming year to reform the business of originating residential mortgage loans? The...
Subprime Mortgage Lawsuits Surpass S&L Crisis
The number of subprime-related lawsuits filed in federal courts through the second quarter of 2008 has now topped the savings-and-loan (S&L) litigation of the early 1990s, according to a study by Chicago-based Navigant Consulting Inc. Released...
Subprime Mortgage Lawsuits Surpass S&L Crisis
The number of subprime-related lawsuits filed in federal courts through the second quarter of 2008 has now topped the savings-and-loan (S&L) litigation of the early 19903, according to a study by Chicago-based Navigant Consulting Inc.Released on...
The Best Advice: Get It Right
You know a topic has gone mainstream when it shows up in a national advice column. That was the case recently for reverse mortgages when a writer to the "Annie's Mailbox" (formerly "Dear Ann Landers") syndicated column presented some old misconceptions...
The Federal Rescue of Fannie and Freddie
In a historic move, the newly created Federal Housing Finance Agency (FHFA), after what it called "a painstaking review," took control of mortgage giants Fannie Mae and Freddie Mac on Sunday, Sept. 7, by placing them into conservatorship. The boards...
The Federal Rescue of Fannie and Freddie: In a Startling Weekend Turn of Events, the Federal Government Took the Two Giant Government-Sponsored Enterprises into Conservatorship. the Bold Move Seems to Be a Sign of the Times
In a historic move, the newly created Federal Housing Finance Agency (FHFA), after what it called "a painstaking review," took control of mortgage giants Fannie Mae and Freddie Mac on Sunday, Sept. 7, by placing them into conservatorship. The boards...
The FUTURE of Wholesale Lending
The mortgage industry is a financial intermediary that exists to connect individual borrowers to sources of capital. Though the way capital is intermediated on its way to borrowers has changed dramatically throughout the decades, this has continued to...
The Future of Wholesale Lending: The Wholesale Lending Channel Is under Stress from a Variety of Forces Today. but Broker Lending Is Far from Dead; Instead, the Business Model It Just Evolving
The mortgage industry is a financial intermediary that exists to connect individual borrowers to sources of capital. Though the way capital is intermediated on its way to borrowers has changed dramatically throughout the decades, this has continued...
The Ticker
Company Ticker Price Price 52-Week 52-Week Symbol Close Close High Low 8/29/08 7/31/08 Fannie Mae FNM 6.84 11.50 70.57 6.68 Freddie Mac ...
Three-Month vs. 12-Month HPI Change June 2008 Data
Core-Based Statistical Areas 3-Mo. % 12-Mo. % 1 Atlanta-Sandy Springs-Marietta, GA 4.66 -6.15 2 Austin-Round Rock, TX 0.14 4.02 3 Boston-Quincy, MA ...
Top 25 Counties-Government Lending Markets
Top 25 Counties--Government Lending Markets First-Half 2008, Nationwide/Sort Order: Number of Loans Rank County Count Dollar Amount Market Avg. Share Amount 1 MARICOPA,...
Top 25 Counties-High-Priced Lending Markets
Top-25 Counties--High-Priced Lending Markets First-Half 2008, Nationwide / Sort Order: Highest Average Loan Amount Rank County Count Dollar Amount Market Avg. Share Amount ...
Tracking Changes in Commercial/multifamily Property Prices
The U.S. commercial/multifamily real estate market includes such diverse properties as the Conde Nast building in Manhattan; the original Dunkin' Donuts store in Quincy, Massachusetts; the Mall of America in Bloomington, Minnesota; a 20-unit apartment...
Treasury, FHFA Take over Fannie and Freddie
Mere weeks after securing the authority from Congress that Bush administration officials said they had no immediate plans to use, the federal government in early September took over the two government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
Treasury, FHFA Take over Fannie and Freddie
Briefing BookMere weeks after securing the authority from Congress that Bush administration officials said they had no immediate plans to use, the federal government in early September took over the two government-sponsored enterprises (GSEs) Fannie...
U.S. Hotel Deals Fall 81 Percent during First Half of 2008
Chicago-based Jones Lang LaSalle Hotels announced that the volume of U.S. hotel transactions for the first six months of 2008 declined 81 percent from the same period in 2007, reaching $6 billion. According to Jones Lang LaSalle Hotels' proprietary...
U.S. Hotel Deals Fall 81 Percent during First Half of 2008
Chicago-based Jones Lang LaSalle hotels announced that the volume of U.S. hotel transactions for the first six months of 2008 declined 81 percent from the same period in 2007, reaching $6 billion.According to Jones Lang LaSalle hotels' proprietary database,...