The latest Real Estate News – a la mode, inc. Co Name

9/3/2010 6:28 AM

In an appearance before the Financial Crisis Inquiry Commission, regulators testified about the why there was disparate treatment in the resolution of Washington Mutual Inc. and Wachovia Corp. ....The Federal Deposit Insurance Corp.'s chairman said the FDIC had known for months that WaMu was in trouble. ....But with Wachovia it didn't k...Read More

Surprise Increase in Mortgage Jobs

9/3/2010 6:28 AM

The number of mortgage jobs was up by 2,300 positions in July, according to data released Friday by the U.S. Department of Labor. ....Headcount in "real estate credit" was up by nearly 3,000 jobs. ....But "mortgage and nonmortgage loan brokers" saw their numbers decline by around 500 positions, the government data in...Read More

$1 Bil Lawsuit Filed against Credit Union Execs

9/3/2010 6:28 AM

Western Corporate Credit Union failed in 2009. ....The National Credit Union Association said in a federal lawsuit that former executives of the company committed fraud in the years that led up to its failure. ....The complaint names 16 former WesCorp executives and directors...Read More

CMBS Delinquency Leaps

9/3/2010 6:28 AM

Second-quarter performance on commercial real estate loans was up 139 basis points from the first quarter, the Mortgage Bankers Association reported. ....Among all investor types, performance on CMBS loans was worst. ....Compared to a year earlier, CMBS delinquency was up more than 400 BPS...Read More

Delinquency Improves, Though Foreclosures Worse

9/3/2010 6:28 AM

Home-loan delinquency of at least 90 days, including foreclosures, fell 12 basis points in July, Lender Processing Services Inc. reported. ....Excluding foreclosures in process, the delinquency rate was 22 BPS better. ....But the foreclosure inventory rose 0.12 percent...Read More

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