Reuters - U.S. President-elect Barack Obama said on Wednesday he planned to unveil a plan to stem the mounting tide of home foreclosures in the next month or two...Read More
AP - With lawmakers angling to pass an economic recovery package by the middle of next month, desperate homebuilders from around the country flew to Washington to spend Wednesday pushing a $150 billion plan to revive the housing market...Read More
AP - A group of private investors including former executives of Countrywide Financial Corp. has purchased $558 million in home mortgages from the government in a deal involving assets of the failed First National Bank of Nevada, the investors announced Wednesday...Read More
AP - Subprime lender Cattles PLC said Wednesday it plans to cut 20 percent of its work force and reduce costs to preserve capital as uncertainty over its funding situation continues...Read More
Bloomberg - Jan. 7 (Bloomberg) -- Commercial real estate companies, the
U.S. Chamber of Commerce and companies partly owned by private-
equity firms are pushing Congress for a temporary tax break on
forgiven debt similar to relief given in 2007 to homeowners
facing foreclosure...Read More
Investor's Business Daily - 1 ISM's Dec. service-sector index rose to 40.6 from the series low of 37.3 in Nov. That's well below the neutral 50 level, but it is among a few recent reports suggesting a slightly slower rate of decline. But Nov.'s Pending Home Sales Index fell to its lowest level in the report's 7-year history. Factory orders fell 4.6...Read More
J H LANIER APPRAISAL SERVICES, INC. 335 Grand Ave Suwanee, GA 30024
