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• ResCap Announces Support for Streamlined Mortgage Modification Plan
The following statement is issued by Residential Capital, LLC Chairman and Chief Executive Officer Thomas Marano in response to the Streamlined Mortgage Modification Plan announced on Nov. 11, 2008.
Residential Capital, LLC,Jeannine Bruin,Fort Washington Pa 11/19/2008
• Real Estate CEOs Foresee Dark Clouds on Economic Horizon
Paralyzed Credit Markets, Property Value Expected to Drop Further
Real Estate Roundtable,Scott Sherwood,Washington Dc 11/19/2008
• PMI Launches Online Mortgage Options Assessment Tool
Helps Homeowners Organize and Calculate Finances before Meeting Lenders
PMI Mortgage Insurance Co,Tom Taggart,Walnut Creek Ca 11/19/2008
• RICS Global RE Weekly: Hong Kong Residential and Commercial Property Hits Buffers
Unemployment data in Hong Kong are due for release on Tuesday 18th. The September number showed a small increase in the jobless rate to take it back up to 3.4%. To put this figure in some context, the recent high in unemployment in the country was 8.5% back in 2003 while the low for the cycle was 3.2%.
RICS,Ms Kate Kwan, 11/19/2008
• Homeownership Incentives Won't Stimulate Economy, But May Lay Seeds for Another Housing Crisis
Congress Should Focus on Restructuring Mortgages, Not on Housing Oversupply
National Multi Housing Council,Michael Tucker,Washington Dc 11/19/2008
• Faith Leaders from Across U.S. Come to D.C. to Pray in Front of Treasury Department for a Real Solution to Foreclosure Crisis
Will meet with Treasury, FDIC, Obama Team, Chairman Frank, Congressional Offices and Deliver Letter Signed by Hundreds of Clergy Nationwide
PICO National Network,Margot Friedman,Washington Dc 11/19/2008
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