Yahoo! News: Business - Real Estate
 
Michael Jackson says ranch foreclosure averted (Reuters)
5/11/2008 3:55 PM

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California man losing nine homes in mortgage mess (Reuters)
5/11/2008 7:52 AM

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Citigroup to slash 400 bln dlrs in assets (AFP)
5/9/2008 4:34 PM

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White House leaves door open on housing rescue (Reuters)
5/9/2008 2:46 PM

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Countrywide falls on worry over B of A merger (Reuters)
5/9/2008 2:39 PM

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Mortgage credit losses could total $500 bln: Goldman (Reuters)
5/9/2008 2:25 PM

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AIG sees no signs of mortgage asset market rebound yet (Reuters)
5/9/2008 1:43 PM

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On Wall St: The elephant in the room (FT.com)
5/9/2008 12:20 PM
FT.com - Fannie Mae (NYSE:FNM), the biggest buyer of US mortgages, this week demonstrated why it is the elephant in the room when it comes to the ranks of financial institutions deemed too big to fail......
 
Foreclosure Bargains on the Block (BusinessWeek Online)
5/9/2008 7:08 AM
BusinessWeek Online - At the end of 2006 a new 4,000-square-foot home with a three-car garage in a small gated subdivision in Las Vegas sold for $1 million. On May 6 the bank that owns the now foreclosed property at 7604 Noche Oscura Circle agreed to sell it for $500,000 ($32,900 below the already discounted asking price)......
 
German insurer Allianz 1Q net profit falls 65 percent (AP)
5/9/2008 6:34 AM
AP - German insurer Allianz SE said Friday first-quarter net profit fell 65 percent due to difficult market conditions as it wrote down $1.3 billion tied to the U.S. subprime crisis......