Rainbow City Real Estate News
Thursday | via Alabama Live
Sales: According to the Baldwin County Association of REALTORS MLS , Baldwin County condo sales, which include condos along the Gulf Coast, totaled 162 units in April. Sales improved 23.7 percent from the same period a year earlier. Comment?
Monday May 18 | via Alabama Live
Sales: According to the Greater Alabama MLS , the Birmingham metro area* residential sales totaled 1,222 units in April, an improvement of 7.8 percent or 88 units from the same period last year. This represents the best sales results for the month of April since 2008. Comment?
Tuesday May 12 | via Insurance Journal West
The head of the Senate Banking Committee unveiled his long-awaited bill to toughen oversight of the Federal Reserve and ease the regulatory burden on dozens of banks, setting off what could be intense negotiations with Democrats. In legislation that Senator Richard Shelby calls a "work in progress," he laid out ideas to make the Fed disclose more information to Congress about its monetary-policy decisions and free some lenders from stringent capital requirements. Comment?
Tuesday May 12 | via Reuters
A draft Republican bill in the U.S. Senate takes aim at bank rules and insurance regulations, also limiting restrictions on mortgage requirements and proposes restructuring the Federal Reserve and other financial regulators. The 216-page, eight section report released on Tuesday was crafted by the staff of Senator Richard Shelby of Alabama who chairs the Senate Committee on Banking and has made easing rules for small banks and imposing reforms on financial regulators a priority. Comment?
Monday Apr 27 | via Law.com
The last time a group of big banks asked the U.S. Court of Appeals for the Second Circuit to rule that a federal agency's mortgage-backed securities claims were barred by the statute of repose, the resulting loss helped trigger a string of settlements worth more than $20 billion to the Federal Housing Finance Agency. The banks fared no better in litigation brought by the National Credit Union Administration, losing a parallel ruling in the Tenth Circuit. Comment?
1 min ago | via World News Report
Realty411 magazine continues to raise awareness, supplies and donations for important charities across the nation with their live real estate investors, finance and technology expos. Realty411 reached more readers and industry professionals in the nation in 2014 than any other print publication in the country, serving the individual realty investor. Comment?
Yesterday | via New York Post
The land under the iconic Lipstick Building at 885 Third Ave. may be sold by SL Green Realty Corp. in its quest to shed assets and reinvest in 11 Madison Ave. The East Side tower is one of a half-dozen properties SL Green could sell to pay for its upcoming $2.6 billion purchase from Sapir and CIM Group, according to a report - a deal that includes $300 million in tenant improvement costs. In addition to the cash raised from the sales, SL Green expects to finance the mega-transaction with $1.2 billion to $1.4 billion of debt through collateralized mortgage-backed securities, according to the report, from Sandler O'Neill & Partners analysts Alexander Goldfarb and Ryan Peterson. Comment?
Sep 1, 2014 | via Construction Industry News & Articles
If you're jumping into the market as an end-user, the likelihood of finding deals out there has become scarce. So many dynamics that have affected to traditional idea of shopping for a home have pushed sales down. Comment?
1 hr ago | via Stroudnewsand Journal
WHEN borrowing money it's important for people to do so in the way that makes the best financial sense for them. Whether dipping into their overdraft, using a credit card, taking out a personal loan, or buying a home with a mortgage, it's essential that people only borrow an amount that they can afford to repay. Comment?
1 hr ago | via Journal Gazette
A $19 million deal between Target and MasterCard to settle lawsuits stemming from the retailer's massive pre-Christmas 2013 data breach has been scrapped, because it failed to get enough support from the affected banks and credit unions. Comment?
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