Less than 100 left at JBR
Dubai Properties has revealed that less than 100 Jumeirah Beach Residence apartments now remain on sale. The developer offered 350 units on June 24 to launch a three month promotion with the Dubai Bank, which is offering 99% finance to purchasers until September 24. The shariah compliant package provides a repayment period of up to 20 years and requires a flat Dhs10,000 processing fee. More »
Mortgage stress to spur more stock volatility (Reuters)
Reuters - More signs of weakness in the mortgage market, another surge in oil prices and a Federal Reserve rate decision could create more turbulence for Wall Street this week. More »
Mixed-use Facility Planned For Downtown Conway
Satterfield Station LLC unveils the latest development to revitalize downtown Conway. More »
New Lodging Options in Northwest Arkansas Offer Suite Stays
Northwest Arkansas can expect 1,200-1,500 more hotel rooms in the next year. More »
NWA Able to Absorb More Hotel Rooms (Tom Reed Commentary)
Current hotel occupancy rates are high enough to allow northwest Arkansas to absorb a coming influx of new rooms. More »
CCIMs Master the Skills of the Commercial Deal
Rapid growth of the northwest Arkansas market has added to the ranks of Certified Commercial Investment Members, people specializing in crafting commercial and investment deals. More »
Jonesboro's Indian Mall Marked for Sale
The sale of Jonesboro's Indian Mall, a shadow of its former self, is expected during the next few weeks, along with redevelopment. More »
Asian stocks hit by U.S. economic worries (Reuters)
Reuters - Asian stock markets tumbled on Monday with financial shares such as Macquarie Bank hit by global credit jitters, while fresh concerns about the health of the U.S. economy knocked the dollar lower. More »
Top Bear Stearns broker Spector resigns (AFP)
AFP - Senior executive Warren Spector announced his resignation from the investment banker Bear Stearns, shaken by troubles linked to the fraught US subprime mortgage market, the firm said Sunday. More »
InmanTV: NAR and Zillow envision the future
Dale Stinton and Rich Barton discuss current real estate issues More »
InmanTV: Trulia and Prudential on participatory Web
How valuable are new 2.0 applications for real estate? More »
Leading US mortgage firm files for bankruptcy protection (AFP)
AFP - American Home Mortgage Investment Corp., a leading US mortgage company struggling with a persistent slump in the housing market, said Monday it has sought bankruptcy protection. More »
Countrywide, broker debt-protection costs rise (Reuters)
Reuters - The cost to insure the debt of mortgage lender Countrywide Financial Corp. and U.S. brokers with exposure to mortgages, including Bear Stearns Cos. , surged on Monday. More »
American Home files for bankruptcy as talks fail (Reuters)
Reuters - American Home Mortgage Investment Corp. filed for Chapter 11 bankruptcy protection after rising customer defaults and unfriendly credit markets brought the once-thriving lender to its knees. More »
Watch out for another wobble (FT.com)
FT.com - The $2,400bn US municipal bond market could be the next sector to be hit by the fallout from the collapse in subprime mortgages, one fund of hedge fund manager has claimed. More »
S&P says market reaction to Bear outlook overdone (Reuters)
Reuters - The market's response to a recent change in Bear Stearns' credit rating outlook has been a "vast overreaction," an analyst at Standard & Poor's said on Monday. More »
European financials begin to claw back losses (FT.com)
FT.com - European stock markets struggled on Monday in spite of attempts by some of the region's banks to ease concerns over US subprime and debt market issues. More »
Countrywide tries to reassure investors (AP)
AP - Countrywide Financial Corp. said Monday it has access to $46.2 billion in cash, credit lines and other investments, a move aimed at reassuring nervous investors the nation's biggest mortgage lender can weather a market downturn. More »
US stocks rebound on credit hopes (FT.com)
FT.com - US stocks rebounded on Monday as financial shares gained ground on hopes that Fannie Mae (NYSE:FNM) and Freddie Mac, the giant government-sponsored mortgage companies, would help stabilise credit markets. After falling 2.7 per cent on Friday, the S&P 500 Index rose 2.4 per cent before Tuesday's meeting of Federal Reserve policymakers, the first since the current round of market turbulence began. More »
National City unit suspends home equity loan offers (Reuters)
Reuters - National City Corp , a large U.S. midwest regional bank, said on Monday its National City Home Equity unit has temporarily suspended offering new home equity loans and lines of credit, citing tighter mortgage market conditions. More »
Countrywide says had $187 bln liquidity at June 30 (Reuters)
Reuters - Countrywide Financial Corp said on Monday it had access to $186.5 billion of cash as of June 30, as the largest U.S. mortgage lender attempts to assure nervous investors it expects to survive a credit crunch that has claimed dozens of smaller rivals. More »
Slovenia bank chief in subprime warning (FT.com)
FT.com - Marko Kranjec, Slovenia's central bank governor, caught other European central banks off guard on Monday when he warned that shockwaves from the US subprime mortgage crisis could threaten consumer demand across the eurozone. More »