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10/23/2008 News For:

Commercial Mortgages Luton

Dodd says mortgages subject of ethics panel  Connecticut Sen. Christopher Dodd said Wednesday that he's awaiting the conclusion of a Senate ethics inquiry before releasing information to two mortgages he received from Countrywide Financial Corp.

Commercial Real Estate: Ready to Tank   Commercial real estate has been strangely impervious to the housing crash, but its luck is about to run out. Economists and industry analysts say the recession and credit crunch pretty much ensure a bad year for commercial real estate in 2009, and at best a tepid recovery in 2010.

Wachovia has $23.9 billion loss on writeoff, mortgages   Wachovia Corp reported a third-quarter loss of $23.9 billion on Wednesday, a record quarterly deficit for a banking company in the global credit crisis, underscoring the challenges Wells Fargo & Co faces when it acquires the big lender.

'Under Water' Mortgages are Growing Threat to US  As the financial crisis continues to spread, nearly one in six U.S. homeowners are finding themselves owing more on their mortgages than her house was worth.

Outlook for commercial real estate in Danbury area remains upbeat despite economic woes  By Ethan FryDANBURY -- Though headlines documenting the woes in the market for single-family homes have long been prevalent, a report released this month suggests commercial real estate activity in the region, while not showing marked improvement, isn't facing catastrophe, either.

Variable mortgages cheaper after rate cut  Variable mortgages have become a bit cheaper after the Bank of Canada cut its key lending rate by a quarter of a percentage point on Tuesday. The big winners are people who already hold variable products at a fixed discount to prime, the rate the banks offer their best customers.

Commercial Vehicle Group Reports Third Quarter 2008 Results   Commercial Vehicle Group, Inc. today reported revenues of $192.9 million for the third quarter ended September 30, 2008, compared to revenues of $160.9 million for the third quarter of 2007.

Denver commercial real estate market healthy  Denver's revitalized downtown and focus on transit-oriented development have helped to keep its commercial real-estate market healthy, relative to the rest of the country, according to a new report.

Spotting Aspects of Miami Commercial Real Estate  Miami, is known to be a good spot for any business concerning real estate, and in commercial real estate, Miami can always be a your top choice.

Celebrities among those bilked by Houston lawyer's scam  Ted Russell Schwartz Murray was found guilty of conspiracy, fraud and filing false tax returns Tuesday. He and his coconspirators duped investors into investing in failing subprime mortgages and commercial loans.