Latest baseball scores, trades, talk, ideas, opinions, and standings

Archive for the ‘Freedie Mac’ Category

>Latest Housing News From Wall Street Journal

>Construction is proceeding on the Charlotte tower that was to have become Wachovia’s new headquarters, shown in a rendering. The bank’s sale raises many questions.

October 16, 2008 — 9:14 a.m. EDT

Fan-Fred Targeted in Mortgage Mess

Fannie Mae and Freddie Mac have become prime suspects in the political debate over who caused the mortgage meltdown.

* * *

Living the High Life

Perched on high, penthouses offer breathtaking skyline views and often provide more privacy and space than units on lower levels. See three on the market today — in Boston, New York and Miami.

* * *

Mall Shares Slide on Retail Fears

Stocks of mall owners slid by 14% as the sharp drop in retail sales stoked fears of higher vacancy rates and declining rental rates for landlords.

* * *

Jersey City’s Boom Is Set Back

After years of speculative building, public-relations campaigns and plenty of dreams, Jersey City, N.J., is starting to resemble New York City’s sixth borough.

* * *

No Quick Fix for Housing Prices

The rescue plan for the U.S. financial industry doesn’t directly address the root cause of the crisis: falling home prices.

* * *

Housing Bubble Bursts in London

The financial crisis is taking a heavy toll on London’s once-thriving property market.

* * *

With Wachovia’s Fall, BofA Stands Alone

Charlotte office-building owners may need to brace for demand to soften and office rents to decline as this banking center’s property market feels the impact of the financial crisis.

* * *

Corus’s Condo Crater

Corus Bankshares has taken ownership of a 765-unit development in Panama City Beach, Fla., for which it lent $146 million.

* * *

U.K. Property Firms Retrench

Commercial-property companies in the U.K. are selling assets and putting developments on hold.

* * *

Merrill Targets Asian Real Estate

Merrill Lynch raised $2.65 billion for an Asian real-estate fund in a sign that investors see opportunities in the region’s weakened property markets.