Mortgages
CIT Calls Bailout Unlikely, Fueling Speculation of Bankruptcy (Bloomberg)
July 16 (Bloomberg) — CIT Group Inc. , the 101-year-old commercial lender running short of cash, said it probably won’t receive a federal bailout, fueling speculation the company is on the verge of bankruptcy.
Mortgages Making Money Again for Life Insurers, At Least for Now (CoStar Group)
Returns on private commercial mortgages held by life insurance companies rebounded into positive territory in first quarter 2009 after two consecutive quarters of negative returns, according to the LifeComps Commercial Mortgage Index. First quarter’s…
CIT Says U.S. Support Unlikely, Studies Options With Advisers (Bloomberg)
July 15 (Bloomberg) — CIT Group Inc. , the commercial lender running short of cash, said it probably won’t receive a federal bailout and is studying alternatives with advisers.
CIT Trading Halted as Lender Awaits Word on U.S. Aid (Update1) (Bloomberg)
July 15 (Bloomberg) — CIT Group Inc. , the commercial lender pleading for a federal bailout, had trading halted amid speculation that regulators are close to a plan that would rescue the New York-based lender.
Mortgages Are Now a Bank’s Best Friend (New York Times)
Mortgages have switched from a bane to a boon for banks in the second quarter because of a refinancing wave.
Categories
