Archive for July, 2011
July 27th, 2011
The company needed to boost reserves for its mortgage insurance business by an additional $300 million in the quarter. That segment actually lost $253 million, more than six times the $40 million in losses reported last year. The MI segment offset the $256 million of income from Genworth’s international, retirement and protection businesses.
Indeed, earnings were up for nearly all segments except real estate, including retirement income, wealth management, long-term care, and life insurance.
The $300 million reserve boost went to cover declining cure rates and the continued aging of delinquent loans, Genworth said. The “slow-moving pipelines” in mortgage servicing departments across the country have greatly affected recovery, the company added.
“In U.S.
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July 27th, 2011
If you want to reside in a Dallas location that is undoubtedly cool, then Uptown Dallas is calling you home. Uptown Dallas is a hip place to call home, and the Tower Residences located here make this area of Dallas even sweeter.
A Superior Location
The Tower Residences at the Ritz-Carlton enjoy a fantastic, Uptown Dallas location and homeowners here are afforded fantastic – often panoramic – views of both the Uptown and Downtown areas of Dallas. Oth
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July 27th, 2011
The sale of the unfinished Waterview Tower marks the end of an era for a building that had become an eyesore in the Chicago skyline after construction halted in 2008.
Related Cos., a privately held real estate firm based in New York, said Wednesday that it had entered into a joint venture agreement with Clark Wacker LLC to develop the site at 111 W. Read more…
July 26th, 2011
WASHINGTON — Fixed mortgage rates were mostly unchanged this week as credit markets showed little reaction to Washington’s impasse over raising the federal government’s borrowing limit.
Freddie Mac reported Thursday that the average rate on the 30-year fixed loan ticked up to 4.55 percent from 4.52 percent a week ago. That’s slightly above this year’s low of 4.49 percent.
The average rate on the 15-year fixed loan was unchanged at 3.66 percent, just above the yearly low of 3.65 percent.
Mortgage rates typically track the yield on the 10-year Treasury note. Yields ha
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July 26th, 2011
It’s been a long time coming, but the second winner of the Summer Launch Pad Giveaway has been selected. Congratulations to Liz Lopez of Blue Skies Real Estate Photography! Liz has won a $50 iTunes gift card just for subscribing to our daily email. So why is she a loyal subscriber to the site?
“Atlanta Real Estate Forum provides me with information about the current real estate trends in Atlanta,” Liz said. “Whether it’s about the industry’s financial state, design, new housing development, etc., this is all good information for anyone in real estate.”
Liz does photography for real estate listings and marketing materials. If you’re a b
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