Today’s Real Estate News 2-7-2011

07 Feb

Today’s news that may be of interest to you:

REITs Seek to Lure U.S. Pension-Fund Money from Private Equity
Blomberg | February 6, 2011
U.S. real estate investment trusts are seeking a bigger piece of the more than $500 billion of property investments from pensions, aiming to attract money from the private-equity funds traditionally favored by managers.

BofA Exits Reverse Mortgage Lending
HousingWire | February 5, 2011
Bank of America said Friday it will no longer originate reverse mortgages as it continues to shake up its core business.

GOP Eyes Rules That Firms Say Hurt Jobs
The Washington Post | February 7, 2011
House Republicans are scrutinizing a wide array of existing and proposed Obama administration regulations in areas as diverse as the environment and Wall Street, and they are taking guidance from industry groups that say the rules threaten jobs.

Rush is On For Custom Domain Name Suffixes
The Washington Post | February 7, 2011
The pillar of the basic Web address – the trusty .com domain – is about to face vast new competition that will dramatically transform the Web as we know it.

Bank of America Establishes New Unit to Handle Defaulted Loans
DSNews | February 4, 2011
Bank of America announced Friday that it has set up a new operational division to deal with problem loans and resolve investors’ mortgage repurchase claims.

Commercial Real Estate Coming Back, but Unevenly
The Wall Street Journal | February 7, 2011
Commercial property took less of a drubbing than residential real estate in the recession but still faces a long and painful recovery.

From the National Association of Realtors®:

5 Unexpected Foreclosure Hotspots
Las Vegas always takes the foreclosure crown, but some surprising places have the fastest-growing rates of foreclosures in the country.

Top 8 Most Miserable Cities
Could it really be that bad? See which cities have the most miserable residents.

Anthony Carollo 2007 EMAIL  

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Anthony V. Carollo / President
Stewart Title of Spokane
606 W. 3rd Ave.
Spokane, WA  99201
Telephone: 509.328.7171
Direct Line: 509.321.3939
Direct Fax: 866.652.8834

Please remember to choose Stewart Title of Spokane on your next transaction!



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