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Entries from December 2009

E-mails reflect growing doubts about AIG

December 31st, 2009 · No Comments

From the Denver Post: E-mails reflect growing doubts about AIG
The probing e-mails came from every direction inside insurance giant American International Group during the summer and fall of 2007, all with the same underlying question: Could Joe Cassano back up his assurances — to auditors, rating companies, colleagues and shareholders — that his Financial Products […]

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E-mails reflect growing doubts about AIG

December 30th, 2009 · No Comments

From the Denver Post: E-mails reflect growing doubts about AIG
The probing e-mails came from every direction inside insurance giant American International Group during the summer and fall of 2007, all with the same underlying question: Could Joe Cassano back up his assurances — to auditors, rating companies, colleagues and shareholders — that his Financial Products […]

[Read more →]

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Prospects for homebuilders improving

December 29th, 2009 · No Comments

From the Denver Post: Prospects for homebuilders improving
The outlook for U.S. homebuilders improved to “stable” for the first time in almost four years, Moody’s Investors Service said recently, citing rising sales and the most affordable property market in years.

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Prospects for homebuilders improving

December 28th, 2009 · No Comments

From the Denver Post: Prospects for homebuilders improving
The outlook for U.S. homebuilders improved to “stable” for the first time in almost four years, Moody’s Investors Service said recently, citing rising sales and the most affordable property market in years.

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Lease-to-own home deals have a rocky past, but new company sees opportunity

December 27th, 2009 · No Comments

From the Denver Post: Lease-to-own home deals have a rocky past, but new company sees opportunity
Construction industry veteran Tim Walsh sees a stagnant housing market combined with strict lending standards as a new business opportunity.

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Feds to disclose mortgage execs’ pay

December 26th, 2009 · No Comments

From the Denver Post: Feds to disclose mortgage execs’ pay
Federal regulators plan to disclose this morning that the top executives of government- controlled mortgage-finance companies Fannie Mae and Freddie Mac each earned between $4 million and $6 million this year, two people briefed on the matter told The Associated Press.

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Colo. Dems aim to speed sale of abandoned houses

December 25th, 2009 · No Comments

From the Denver Post: Colo. Dems aim to speed sale of abandoned houses
LAKEWOOD, Colo.—Colorado Democrats are proposing a new law to speed up sales of abandoned houses.

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Colorado foreclosures rise

December 24th, 2009 · No Comments

From the Denver Post: Colorado foreclosures rise
The number of foreclosures filed in Colorado in November rose 11.8 percent compared with the same month last year, and foreclosure sales fell by 0.5 percent, according to data released Monday.

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Colorado foreclosures rise

December 23rd, 2009 · No Comments

From the Denver Post: Colorado foreclosures rise
The number of foreclosures filed in Colorado in November rose 11.8 percent compared with the same month last year, and foreclosure sales fell by 0.5 percent, according to data released Monday.

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Real estate investors unite to improve process

December 22nd, 2009 · No Comments

From the Denver Post: Real estate investors unite to improve process
Rodd Phillips of southwest Denver quit a part-time job loading trucks for UPS to be a full-time real estate investor.

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Denver developer Erik Osborn convicted of felony theft

December 21st, 2009 · No Comments

From the Denver Post: Denver developer Erik Osborn convicted of felony theft
Developer Erik Osborn was led away in handcuffs Friday after a jury found him guilty of two counts of felony theft.

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Miller Frishman to oversee Centerra foreclosure in Loveland

December 20th, 2009 · No Comments

From the Denver Post: Miller Frishman to oversee Centerra foreclosure in Loveland
Andy Miller of Miller Frishman Group is overseeing the foreclosure of The Promenade Shops at Centerra in Loveland.

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Miller Frishman to oversee Centerra foreclosure in Loveland

December 19th, 2009 · No Comments

From the Denver Post: Miller Frishman to oversee Centerra foreclosure in Loveland
Andy Miller of Miller Frishman Group is overseeing the foreclosure of The Promenade Shops at Centerra in Loveland.

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Developer claims no benefit from controversial project

December 18th, 2009 · No Comments

From the Denver Post: Developer claims no benefit from controversial project
Developer Erik Osborn testified at his felony trial Tuesday that he spent five years and several hundred thousand dollars working on a downtown luxury condominium project but has not seen even $1 for his efforts.

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Markets hit 2009 highs after Dubai, Exxon deals

December 17th, 2009 · No Comments

From the Denver Post: Markets hit 2009 highs after Dubai, Exxon deals
Easing concerns about debt problems overseas and a $31 billion takeover deal by Exxon Mobil nudged major stock indexes to highs for the year Monday.

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Markets hit 2009 highs after Dubai, Exxon deals

December 16th, 2009 · No Comments

From the Denver Post: Markets hit 2009 highs after Dubai, Exxon deals
Easing concerns about debt problems overseas and a $31 billion takeover deal by Exxon Mobil nudged major stock indexes to highs for the year Monday.

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Short sales rise as banks start approving them in lieu of foreclosures

December 15th, 2009 · No Comments

From the Denver Post: Short sales rise as banks start approving them in lieu of foreclosures
Drew Schlosser tried for two years to sell his three-bedroom Punta Gorda, Fla., waterfront condominium for less than he owed on its two mortgages. The deal only went through last month when Wells Fargo & Co. agreed to take a […]

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Retail sales, consumer confidence climb, bolstering 4th-quarter outlook

December 14th, 2009 · No Comments

From the Denver Post: Retail sales, consumer confidence climb, bolstering 4th-quarter outlook
U.S. retail sales surged in November and, for the first time in three months, consumer confidence rose, leading analysts to upgrade their economic-growth forecasts Friday.

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Federal mortgage relief provides little aid

December 13th, 2009 · No Comments

From the Denver Post: Federal mortgage relief provides little aid
The Obama administration’s embattled mortgage-relief plan has provided permanent help to only 4 percent of borrowers who have signed up, weak results that could threaten the housing market’s recovery.

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Homebuyers favoring features over size

December 12th, 2009 · No Comments

From the Denver Post: Homebuyers favoring features over size
As homebuyers adjust to new market realities, builders are reporting that, across all price ranges, buyers are gravitating toward the features of new homes, rather than the size.

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