The Inn at the Falls, long a success story in the Dutchess County lodging industry, has come to the end of its road. Closed since Oct. 23, the 36-bed boutique hotel in Red Oaks Mill, Town of LaGrange, is in bankruptcy for the second time this year …
Bank of America canceled its foreclosure sales for both the Arcade and One City Centre buildings in downtown St. Louis. The auctions were supposed to take place at noon Thursday at the St. Louis courthouse but Joseph Trad, a lawyer with the Lewis …
One of Buckhead’s most prominent new developments – the Mansion on Peachtree – could be heading back to the lender. Barring a last-minute deal, the high-end Mansion on Peachtree is facing imminent foreclosure, according to the project’s developer. A …
The Goldfinger strip club in Riviera Beach could be stripped of its property. North Miami Beach-based JC Investment Funding filed a foreclosure action against MCJC Development, IGF Entertainment and managing members Michael Del Percio and Leonard Del …
FLINT — Officials say two mid-Michigan ice arenas will remain open despite their foreclosure sale. Standard Insurance Co. on Wednesday purchased the Perani Arena & Event Center in Flint for $4 million and Iceland arena in Clayton Township for $3.5 …
Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary
Good Morning on this last day of the decade. 10 years sure did go by fast didnt it? Remember the whole y2k computer crisis? People thought the world was going to end when 1999 rolled over to 2000. We dodged a bullet on that one huh? (note sarcasm) Just out of curiosity…how are you planning on referring to 2010? Two thousand and ten? Twenty-Ten? O-ten? Ten? I'm leaning towards "Twenty-Ten"…it sounds like something George Jetson might say. Jobless Claims data has been released…it was not bond market friendly. Initial Jobless Claims were WAY better than expected, falling to 432,000 from 454,000 last week. Consensus forecasts were calling for a read of 460,000 new claims. This is the lowest number of initial jobless claims since July 19, 2008. Continuing Claims also beat expectations…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/126681.aspx”>read more)
Posted To: <a href="http://www.mortgagenewsdaily.com/news/”>MND NewsWire
It’s the final day of the decade and the S&P 500 and Dow each are likely to close the year with their biggest annual percentage gains in five years, two of the many signs that the worst of the financial crisis is over. Year to date the S&P 500 is up 24.7% while the Dow is 20.2%. The economy may not be in shambles anymore but it’s still far from good, and for anyone who needs a reminder the one data entry today, jobless claims, should helpfully provide a dose of reality. Two hours before the trading session begins, The Dow looks to open 13 points higher at 10,503 while the benchmark S&P 500 looks to open 2.75 points higher at 1,124.75. Commodities are also on the rise with WTI Crude oil trading 36 cents higher at $79.64 per barrel and Spot Gold up $12.48 to $1,105.38…(<a href="http://www.mortgagenewsdaily.com/12312009_day_ahead_jobless_claims.asp”>read more)
Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary
MBS opened and traded the AM at their best levels of the day with Par on the 4.5 even couched in a supportive guise. But as the noon hour approached, it was back to yesterday's closing levels for MBS as profit taking came, saw, and kicked a moderate amount of posterior right up until the auction. During the same time, Tsy's opened with similar strength, and backed up even more than MBS relative to yesterday's close of 3.81, but at just over 3.82, not by much. The pre-auction selling was not such an unfamiliar circumstance, but the lack of volatility thereafter was. Bonds rallied immediately followed the auction and never again came close to those weak points of the day. In fact, they put in level after miniature level of support as MBS pushed back to close at 99-30 with tsy's…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/126599.aspx”>read more)
Posted To: <a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/”>MBS Commentary
The Treasury has successfully auctioned $32 billion 7 year notes YIELDS High 3.345 pct Median 3.290 pct Low 3.200 pct PRICE/ACCEPTANCES Price 99.411474 Accepted at high 55.69 pct Bid-to-cover ratio 2.72 AMOUNTS TENDERED AND ACCEPTED (dollars) Total accepted 32,000,037,100 Total public bids tendered 86,912,515,100 Competitive bids accepted 31,947,974,000 Noncompetitive bids accepted 52,063,100 Fed add-ons 948,398,600 Primary Dealer Tendered 63,093,000,000 Primary Dealer Accepted 15,563,767,500 Primary Dealer Hit Rate 24.7% of what they bid on Primary Dealer Total Award 48.6% of total auction Direct Bidder Tendered 3,901,000,000 Direct Bidder Accepted 2,113,784,500 Direct Bidder Hit Rate 54.2% of what they bid on Direct Bidder Total Award 6.6% of total auction Indirect Bidder Tendered 19,866…(<a href="http://www.mortgagenewsdaily.com/mortgage_rates/blog/126538.aspx”>read more)
More financial trouble appears to be on the way for US Fidelis, a seller of extended auto-service contracts. The company’s large complex in Wentzville is facing a foreclosure sale next month. Legal notices in the St. Charles County Business Record …
