Real Estate News
Hampton Inn & Suites to Open Friday in Downtown Little Rock
McKibbon Hotel Management Inc. of Tampa, Fla., announced this week that it will open its second property in Little Rock on Friday: Hampton Inn & Suites in the River Market District. More »
Lender drops eviction suit vs. Cook County sheriff (AP)
AP - A mortgage lender that tried to force the Cook County sheriff to evict a suburban Chicago woman from her home announced Friday that it has withdrawn its lawsuit. More »
Meltdown 101: Bankruptcy won't help borrowers much (AP)
AP - Can filing for bankruptcy help homeowners facing foreclosure? More »
Greenspan sees 1st half 2009 U.S. housing recovery (Reuters)
Reuters - Former Federal Reserve chairman Alan Greenspan said the U.S. housing market will begin to recover in the first half of 2009, according to an article he wrote for Emerging Markets magazine published on Friday. More »
They Warned Us About the Mortgage Crisis (BusinessWeek Online)
BusinessWeek Online - More than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of the Currency, with its panoramic view of the capital, the AGs from North Carolina and Iowa said lenders were pushing increasingly risky mortgages. Their host, John D. Hawke Jr., expressed skepticism. More »
A Wild Time To Buy A Home, But Some Are Answering The Call (Investor's Business Daily)
Investor's Business Daily - Housing could be in for more bruising despite rescue efforts, as bank balance sheets teeter, and if world financial and economic fears are realized. The risks include further falls in home prices and the prospect of more Americans facing foreclosure. More »
Hardwood Flooring Retailer Nails Down Profits In A Tough Market (Investor's Business Daily)
Investor's Business Daily - The home mortgage business is in crisis. Residential building is down. Hardwood flooring sales fell 5% last year, and retail is in the tank. More »
Obama calls McCain mortgage plan ill-advised (AP)
AP - Democrat Barack Obama told Ohio voters Thursday that Republican John McCain's mortgage buyout plan would cost them billions of dollars and reward bad behavior by lenders. More »
Sheriff in Chicago halts foreclosure evictions (Reuters)
Reuters - The sheriff of the third-most populous U.S. county halted evictions on foreclosed properties on Thursday, saying innocent tenants were being put on the street. But bankers said he was breaking the law. More »
Obama slams 'risky' McCain mortgage plan (AFP)
AFP - Barack Obama slammed John McCain's plan to buy up 300 billion dollars in bad mortgages as "risky" on Thursday, and warned his White House rival was offering "erratic" leadership at a time of crisis. More »