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10/23/2008 News For:

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Mortgage Real Estate

Sorouh Real Estate Nine-Month Profit More Than Doubles on Sales  Oct. 22 -- Sorouh Real Estate Co. , Abu Dhabi's second-largest property developer by market value, said nine- month profit more than doubled as revenue soared.

National City has big loss, to cut 4,000 jobs   National City Corp, the U.S. Midwest regional bank, posted its fifth straight quarterly loss on Tuesday, hurt by increased reserves for mortgage and real estate construction loan losses.

Bank of Blue Valley parent blames quarterly loss on real estate market  The parent of Bank of Blue Valley attributed a third-quarter loss to Johnson County?s depressed real estate market.

National City to cut 4,000 jobs, posts loss  NEW YORK ? National City Corp., a Midwest regional bank hard hit by the credit crisis, on Tuesday announced plans to slash 4,000 jobs and said rising reserves for soured mortgage and real estate construction loans led to its fifth straight quarterly loss.

The number of real estate deals in the Square Mile has plummeted this year, following a collapse in commercial ...  The number of real estate deals in the Square Mile has plummeted this year, following a collapse in commercial property values.

Thompson joins Heritage NW  Gail Thompson joins Heritage NW Real Estate as a licensed Real Estate Broker. She specializes in residential listings and sales.

Indian property developers woo Gulf expats amid financial crisis  By Aroonim Bhuyan, Dubai, Oct 22 : With property prices and rents spiralling in the Gulf and the rupee depreciating, Indian real estate developers are actively promoting their products among expatriate Indians in the Gulf.

Protests and Hecklers Have Mortgage Bankers Longing for Good Old Days  Although no arrests were made at the mortgage bankers convention on Tuesday, stage-storming was just one of the latest outbursts to plague the event.

Phony Realtor Rents Home to Unsuspecting Family  Police reportedly arrest a man for posing as a real estate agent.

Thai developer Preuksa sees 2008 revenue below target  BANGKOK, Oct 22 Reuters - Thai developer Preuksa Real Estate said on Wednesday it expected 2008 revenue to fall short of its target due to a weak domestic economy and political unrest.

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