Posts Tagged “Lenders”

webmaster@technorati.com wrote an interesting post today on
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By Mary Ellen Podmolik | A title company, seven mortgage companies, six loan originators and two appraisers were cited by the state Monday for allegedly defrauding lenders of $7.7 million on a 27-unit condo building, all the units of which are in foreclosure.

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webmaster@technorati.com wrote an interesting post today on
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NEW YORK, March 8 (Reuters) - Harrah’s Entertainment Inc has won approval from lenders to extend the maturity date on a $5.5 billion real estate loan, giving it until 2015 to pay off the debt, the company said on Monday. Harrah’s, the world’s largest operator of casinos, will also have the ability to buy back the commercial mortgage-backed securities loan at a steep discount, helping it reduce …

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webmaster@technorati.com wrote an interesting post today on
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March 8 (Bloomberg) — A Federal Deposit Insurance Corp. plan to auction more than $1 billion in assets seized from failed banks next month, including a loan to build a W Hotel in Atlanta, may trigger writedowns that weaken lenders nationwide.

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webmaster@technorati.com wrote an interesting post today on
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Lenders have indicated that 2010 could see homebuyers struggle to secure a loan. But you can improve your chances of a successful application, says Hilary Osborne The easy availability of mortgages was a key factor behind the credit crunch, and once the global banking system started to implode it was one of the first things to give. Lenders cracked down on loan-to-values and tightened up …

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News Sources wrote an interesting post today on
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While foreclosures and loan modifications have made it tough for overwhelmed banks to go after walkaway borrowers, there’s evidence they are starting to crack down.

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