July 31st, 2009
Mercantil Commercebank filed three foreclosure lawsuits, seeking a combined $31 million against planned development projects in southern Miami-Dade County.
Read more about “Mercantil Commercebank seeks $31M in foreclosures”
July 31st, 2009
A Singapore capital group will provide $62 million in financing for the first phase of a 1,000-acre master-planned subdivision on the Big Island.
Read more about “Big Island housing gets $62M financing”
July 31st, 2009
Clint Haycraft Custom Homes is planning to roll out a new subdivision that will seek to address the anticipated new housing demand created by the new Caterpillar Inc. plant in Seguin.
Read more about “Caterpillar plant spurs new residential community”
July 31st, 2009
Prices have been cut on new luxury condos in downtown Glens Falls, N.Y., and special incentives are being offered to lure buyers in the midst of the recession.
Read more about “Developer cuts prices for G. Falls condos”
July 31st, 2009
Foreclosure rates in the Houston area are higher for June 2009 than they were in June 2008, but remain lower than the national average. (FAF)
Read more about “Local foreclosure rate rises in June”
July 31st, 2009
Long-term mortgage rates edged higher again this week, with 30-year fixed-rate mortgages averaging 5.25 percent. Long-term rates fell below 5 percent earlier this year.
Read more about “Long-term mortgage rates, home sales increase”
July 31st, 2009
Harleysville National Corp. Friday reported a $222.5 million second-quarter net loss, most of which was driven by a noncash goodwill impairment charge of $214.5 million that the bank said it had to take because of its pending sale to First Niagara Financial Group. (HNBC)
Read more about “Harleysville National takes big loss in preparation for sale to First Niagara”
July 31st, 2009
Interline Brands Inc. reported that sales dropped 13.3 percent in the second quarter compared to the same period last year. Earnings per diluted share were down 41 percent to 20 cents for the second quarter. Earnings per diluted share for the second quarter included a 4 cent per diluted share charge associated with the previously announced consolidation of certain distribution centers and closing of certain under performing professional contractor showrooms. (IBI)
Read more about “Interline 2Q earnings dip 41%”
July 31st, 2009
Corus Bankshares suffered a preliminary net loss of $487.3 million in the second quarter that made it “critically undercapitalized,” the bank reported. (CORS)
Read more about “Loss makes Corus Bank “critically undercapitalized””
July 31st, 2009
The Board of Commissioners of the Unified Government of Wyandotte County/Kansas City, Kan., approved a $250.1 million 2010 budget late Thursday that includes employee furloughs, hiring and pay freezes, public works project suspensions, and service and program cuts of at least 10 percent, all aimed at meeting a nearly $12 million revenue shortfall.
Read more about “Wyandotte County government OKs lower 2010 budget”
Mercantil Commercebank seeks $31M in foreclosures
