Archive for June, 2009

8 June

BRT Consumates Joint Venture Relating to Newark, New Jersey Properties (Business Wire)

GREAT NECK, N.Y.—-BRT Realty Trust announced that its wholly-owned subsidiaries have entered into a joint venture arrangement with respect to a grouping of properties in the downtown area of Newark, New Jersey .

8 June

Fannie Mae Redemption (PR Newswire)

Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:

8 June

Freddie Mac Announces Results of Tender Offers (PR Newswire)

Freddie Mac today announced the results of the fixed price cash tender offers , which expired at 5:00 p.m., New York City time, on Friday, June 5, 2009 and its acceptance of $18,043,720,000 of tendered debt securities.

8 June

More CRE Mortgages Going Bad (at Seeking Alpha)

8 June

The Future Of Securitization in the Age of Frustration (at Seeking Alpha)

8 June

ALL BUSINESS: Bond-market rout lifts mortgage cost (AP)

The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.

8 June

No Bottom in Housing (at Barron’s Online)

8 June

Freddie Mac Modifies Relief Refinance Mortgage(SM) (PR Newswire)

8 June

Cascade, United PanAm Financial: Biggest Price Decliners (CAE, UPFC) (at The Wall Street Journal Online)

8 June

Business events scheduled for the coming week (AP)

MONDAY, June 8 WASHINGTON — Treasury auction. BOSTON — Boston Newspaper Guild to vote on management proposal to cut pay, end job guarantees.