Posts Tagged ‘Countrywide’
A Real Estate Ditty that isn’t so Pretty
February 9th, 2010 | 
Author: 
An analysis of the housing crisis by Karl Case:
For the last few years, we have shed many tears
Living through a recession.
The economy’s broke and it’s not a joke,
When we talk of another depression.
Fifteen million without a job,
Foreclosures and banks that fail,
401K’s became 201K’s,
And everything’s up for sale.
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Posted in Economy, Entertainment/Humor | 
Tags: borrow, buyers, Countrywide, credit crisis, default, default swaps, Fed, Fed Funds rate, Fico score, Foreclosures, Goldman Sachs, housing bubble, investors, Lehman, leverage, liquidity, loans, LTV, MBS, Merrill, option ARM's, origination, rate, risk, traunches | 
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Commercial Real Estate Week in Review
The Week of June 13-19
- Bank and CMBS defaults continued their record setting pace this week.
- The NY Fed reported that there were a whopping zero CMBS loan requests into the TALF program byt he June 16th deadline.
- Maguire Properties sold an office tower for a 35% discount from what it cost them to build it.
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Posted in Banking & Finance, Owners & Developers, Week in Review |
Tags: Capmark, Carl Icahn, CMBS, Colonial Bank, Costco, Countrywide, Dave Jacobs, Eddie Bauer, Lightstone, Macquarie, Maguire Properties, Nexity Bank, NY Fed, Sym's, TALF, Treasury Department, Tropicana Casino, Vornado |
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