Suthers cracks down on mortgage fraud (Rocky Mountain News)
18 Nov 2008 at 11:37am
Colorado Attorney General John Suthers today said he has reached settlements with three mortgage companies as part of a crackdown on false advertising that he launched about two years ago.
Retail REITs Feeling Impact of Financial Market Turmoil (CoStar Group)
19 Nov 2008 at 5:11pm
In the midst of addressing the most difficult financial environment in decades and ongoing retailer casualties and pullbacks, retail REITs reported difficulty with loans and refinancing, limited success in asset sales, and a pullback in new development...
Ex-mortgage broker sentenced to prison (East Valley Tribune)
17 Nov 2008 at 12:54pm
A former Phoenix mortgage broker was sentenced to 42 months in federal prison for bilking four senior citizens out of more than $400,000 in a residential mortgage loan operation scam.
(AFX UK Focus) 2008-11-18 17:10 Two CMBS loans headed for default -Credit Sui...
18 Nov 2008 at 9:19am
NEW YORK, Nov 18 (Reuters) - Two of the largest loans in recent commercial mortgage-backed securities, including one financing two Westin hotels, are close to default, according to Credit Suisse analysts. A $209 million loan for Westin hotels in Tucson, Arizona, and Hilton Head, South Carolina, in October was transferred to a special servicer in October "due to imminent default," the analysts ...
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