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Fed Extends Three Emergency Loan Programs to April (Update2) (Bloomberg) Dec. 2 (Bloomberg) -- The Federal Reserve extended the term of three emergency-loan programs to April 30 from January 30, aligning their expiration dates with other central bank efforts to mitigate the credit crisis. us.rd.yahoo.com
(AFX UK Focus) 2008-12-01 17:05 Commercial loan "nightmare" projected for 2009-JPMorgan (Interactive Investor) By Al Yoon us.rd.yahoo.com
Market Slows, but Kennedy Funding's $3.614 Million Loan Keeps Residential Project Moving for California Developer (PR Newswire via Yahoo! Finance) Kennedy Funding, a leading direct private lender based in Hackensack, NJ, has closed a loan for $3,614,000 to Rancho Portola Investments, LLC. The loan is to help the developer continue work on a much-talked-about residential project in the City of Lake Forest in Orange County, California. us.rd.yahoo.com
Fed Commercial Paper Holdings Rise to $295.1 Billion (Correct) (Bloomberg) (Corrects borrowing by bond dealers in second paragraph. The story was originally published on Nov. 28.) Nov. 28 (Bloomberg) -- The Federal Reserve expanded its purchases of commercial paper to $295.1 billion and its loans to securities firms increased as the central bank uses its balance sheet to combat the worst financial crisis in seven decades. us.rd.yahoo.com
Fitch Places 9 Classes of JP Morgan Chase 2006-CIBC15 on Watch Negative; Revises Outlooks (Business Wire via Yahoo! Finance) NEW YORK----Fitch Ratings places the following classes of JP Morgan Chase Commercial Mortgage Securities Corp, pass-through certificates, series 2006-CIBC15 on Rating Watch Negative: us.rd.yahoo.com
Jim Randel: Will Commercial Real Estate be Next? (HuffingtonPost) There's been a lot of talk in the media these days that the next shoe to drop in the credit crisis/financial meltdown will be commercial... us.rd.yahoo.com
General Growth wins extension on $900M loan (Providence Business News) AFTER REACHING an “interim agreement” to extend the $900M mortgage on two Las Vegas malls, which had been set to expire Nov. 28, General Growth and its syndicate of lenders now “are continuing their discussions on a longer-term extension,” the company said. us.rd.yahoo.com
Paid promissory notes in jeopardy (Rockford Register Star) Some investors who received money from promissory notes at Commercial Mortgage & Finance in the past three months are being told to return the funds, even though the company owes more than $60 million to its investors. us.rd.yahoo.com
RBS throws struggling homeowners a lifeline on mortgage repayments (Daily Mail) Homeowners struggling to cope with the financial downturn have been thrown a lifeline as one of Britain's leading banks promises to give six months' respite to those who fall behind with mortgage repayments. us.rd.yahoo.com
Loan crisis goes commercial (The Myrtle Beach Sun News) Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market. Hotels in Tucson, Ariz., and Hilton Head Island also are about to default on their mortgages. That pace is expected to quicken. The ... us.rd.yahoo.com
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