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Yahoo! News: Business - Real Estate
Great Wolf to offer $225M of mortgage notes (AP) 3/19/2010 3:15 PM
AP - Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017.
House GOP calls for Fannie, Freddie phase out (Reuters) 3/19/2010 2:42 PM
Reuters - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market.
Mom of octuplets may lose home to foreclosure (AP) 3/19/2010 1:20 PM

FILE - This Jan. 26, 2010 file phot shows an unidentified woman carrying eight balloons towards the home of Nadya Suleman on the day of the octuplets first birthday, in La Habra, Calif. Octuplets mom Nadya Suleman could be kicked out of her Southern California home. The mortgage holder Amer Haddadin says he is starting foreclosure proceedings on this $565,000 La Habra residence, according to a report Friday March 19, 2010. (AP Photo/Nick Ut, File)AP - Octuplets mom Nadya Suleman could be kicked out of her Southern California home.


Anti-Flippers Buy And Hold Cheap Homes (Investor's Business Daily) 3/18/2010 3:45 PM
Investor's Business Daily - When Paul Gabrail and two partners snag a foreclosed home on the cheap, neighbors have good reason to cheer.
America's Most Underwater Housing Markets (U.S. News & World Report) 3/18/2010 3:09 PM
U.S. News & World Report - Negative equity--what you have when you owe more on your home loan than the property is worth--is one of the defining features of the still-unfolding mortgage crisis. It's a particularly nasty problem because it can lead to all sorts of unpleasant outcomes for the real estate market and the economy as a whole. Having negative equity, which is also known as being "underwater" on a mortgage, makes homeowners more likely to end up in foreclosure. It restricts a borrower's ability to refinance or buy another home, which in turn stifles demand for housing. ...
Greenspan says Fed did not fuel the housing bubble (Reuters) 3/18/2010 11:01 AM
Reuters - Former Federal Reserve Chairman Alan Greenspan, whose legacy has been tarnished by the global financial crisis, on Thursday laid out a scholarly defense of why Fed policy did not fuel the housing bubble.
Mortgage rates still below 5 percent (AP) 3/18/2010 9:16 AM
AP - Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows.
Fed's Bernanke sees U.S. backing Fannie, Freddie debt (Reuters) 3/17/2010 4:07 PM
Reuters - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.
CIBC wins dismissal of suit over subprime holdings (Reuters) 3/17/2010 1:57 PM
Reuters - A U.S. federal judge dismissed a shareholder lawsuit accusing Canadian Imperial Bank of Commerce and four executives, including Chief Executive Gerald McCaughey, of misleading investors about the bank's exposure to subprime mortgages.
Moving target: Goal for foreclosure aid in dispute (AP) 3/17/2010 1:52 PM
AP - Last year, the message was clear. Now it is murky.

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Yahoo! News: Top Stories
Volcano erupts in Iceland; US flights diverted (AP) 3/21/2010 12:51 AM

This frame grab from APTN shows the volcano near the Eyjafjallajoekull glacier, the fifth largest glacier in Iceland, as it begins erupting early Sunday morning March 21, 2010. Fearing flooding from the glacier melt, authorities evacuated some 400 people in the area 160 kilometers (100 miles) southeast of the capital, Reykjavik, as a precaution but no damage or injuries have been reported according to authorities. The last time the volcano erupted was in the 1820s. (AP Photo/APTN)AP - Authorities evacuated hundreds of people after a volcano erupted beneath a glacier in southern Iceland, Iceland's civil protection agency said Sunday.


Obama urges Dems to come together for health care (AP) 3/20/2010 11:44 PM

Rep. Paul Ryan, R-Wisc., seated left, has a verbal exchange with Chair Rep. Louise Slaughter, D-N.Y., center,  as Ranking Member David Dreier, R-Calif., left, and James McGovern,D-Mass, right,  listen as the House Rules committee meets to discuss the health care legislation on Capitol Hill in Washington, Saturday, March 20, 2010.(AP Photo/Harry Hamburg)AP - Victory within reach, President Barack Obama exhorted House Democrats on Saturday to stay true to their party's legacy and make history by bringing health insurance to millions of struggling families now left out. Leaders exuded confidence as they defused thorny problems in the countdown to a landmark vote.


Israel to delay new east Jerusalem construction (AP) 3/21/2010 1:14 AM

Israeli border police detain a Palestinian protester during clashes in the Shuafat refugee camp in east Jerusalem, Saturday, March 20, 2010. Violent protests have erupted several times in the past week in east Jerusalem, where residents are angry over both the new Jewish housing plans and unsubstantiated rumors that Jewish extremists are plotting to take over an Old City shrine, holy to both Muslims and Jews. The city was largely calm Saturday, although in a minor incident Palestinian youths lobbed some rocks at Israeli troops, who responded with tear gas and rubber bullet fire. (AP Photo/Muammar Awad)AP - Cabinet ministers say Israel's Prime Minister Benjamin Netanyahu has promised the U.S. his government will delay new building plans in east Jerusalem and free Palestinian prisoners in an effort to defuse Israel's worst feud with Washington in decades.


Thousands rally to pull troops from 2 war zones (AP) 3/20/2010 11:02 PM

Henry Shoiket, 92, of Rutherford, N.J., joins other anti-war protesters in Lafayette Park across from the White House in Washington, Saturday, March 20, 2010.   (AP Photo/J. Scott Applewhite)AP - Thousands of protesters — many directing their anger squarely at President Barack Obama — marched through the nation's capital Saturday to urge immediate withdrawal of troops from Iraq and Afghanistan.


Papal letter fails to calm anger over Irish abuses (AP) 3/21/2010 12:42 AM

Primate of All Ireland Cardinal Sean Brady, blesses himself during mass before reading out a letter from the Pope to worshippers at St Patrick's Cathedral Armagh, Northern Ireland, Saturday, March, 20, 2010. Pope Benedict XVI has rebuked Irish bishops for 'grave errors of judgment' in handling clerical sex abuse and ordered a Vatican investigation into the Irish church to wipe out the scourge. The letter released Saturday directly addressed only Ireland but the Vatican said it could be read as applying to other countries. Hundreds of new abuse allegations recently came to light across Europe, including in the pope's native Germany. (AP Photo/Peter Morrison)AP - Pope Benedict XVI's unprecedented letter to Ireland apologizing for chronic child abuse within the Catholic Church failed Saturday to calm the anger of many victims, who accused the Vatican of ducking its own responsibility in promoting a worldwide culture of cover-up.


Thousands of BA flights canceled as crew on strike (AP) 3/21/2010 12:42 AM

A member of the Unite union, supporter of the British Airways strike, chants slogans at a picket line at Heathrow Airport in London, Saturday March 20, 2010. British Airways canceled more than 1,000 flights after its cabin crew launched a three-day strike Saturday, wreaking havoc on the plans of tens of thousands of passengers just before the busy spring holiday season. Chief Executive Willie Walsh issued a direct apology via YouTube for the walkout, the airline's first in almost 15 years, saying it was a 'terrible day for BA.' The strike — backed by some unions in the United States, Germany and Spain — also risked harm to Britain's Labour government before a tough general election expected before June.   (AP Photo/Lefteris Pitarakis)AP - Retiree Richard Moore arrived at Heathrow with a suitcase of summer clothes for a Miami cruise only to be sent to Denver. Susan Danby wondered if plans for a joint 50th birthday celebration in Las Vegas would be a losing bet.


Mexico's drug war takes growing toll on Americans (AP) 3/21/2010 12:45 AM

Police, Army and paramedics stand next to a pick-up truck with the bodies of two men dead in the cabin on the Mazatlan-Culiacan highway near the town of Elota, Mexico, Saturday March 20, 2010. According to authorities at least 8 men were killed during the incident in what appears to be an ambush of a crime gang by a rival group. (AP Photo/Christiann Davis)AP - More Americans in Mexico are falling victim to a wave of drug violence sweeping the country, a change driven home by the recent killing of a U.S. Consulate employee and her husband who were gunned down after leaving a children's birthday party.


Fargo's fight against flooding nears its climax (AP) 3/21/2010 1:00 AM

Jon Forknell and his daughter Jenna look out onto the swollen Red River on Saturday, March 20, 2010 from the backyard of their south Fargo, N.D. home along River Drive. (AP Photo/Jay Pickthorn)AP - A weeklong fight against flooding is nearing its climax in Fargo, N.D., with miles of sandbags and clay dikes in place to fight back the bloated Red River.


Police: Boy, 16, made racial comment at NJ Walmart (AP) 3/21/2010 12:46 AM

Gloucester County, New Jersey prosecutor Sean Dalton, right, listens as Washington Township Police chief Rafael Muniz, left, answers a question Saturday, March 20, 2010, in Washington Township, N.J., as they announce police have arrested a 16-year-old Atlantic County boy on charges of harassment and bias intimidation in the case of a racial comment that was made over the public-address system at a Wal-Mart store in southern New Jersey. (AP Photo/Mel Evans)AP - A 16-year-old boy who police said made an announcement at Walmart ordering all black people in a southern New Jersey store to leave was charged with harassment and bias intimidation, authorities said Saturday.


Bracket buster: Northern Iowa stuns No. 1 Kansas (AP) 3/21/2010 12:47 AM

Kansas guard Tyshawn Taylor, right, consoles Kansas forward Marcus Morris (22) after their 69-67 loss to Northern Iowa in an NCAA second-round college basketball game, Saturday, March 20, 2010, in Oklahoma City. Northern Iowa upset top overall seed Kansas. (AP Photo/Tony Gutierrez)AP - Leading by one against the colossus of the bracket, Ali Farokhmanesh stood at the 3-point line, no one around. The prudent play? Pull it out, burn some clock.


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