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: The Home Equity Theft ReporterInvestor Solicited To Help Restructure $500M In Sour Loans Buys Defaulted Debt Instead, Snatches Project Out From Under Hapless Developer By F'closure
By r morris
Full post as published by The Home Equity Theft Reporter on August 01, 2012 (boomark / email).
Tishman Gets $100M From Fed To Restructure Loans
``Crains New York reports that the FRBNY has finally relented and at what likely is a loss to taxpayers, has given Tishman $100 million to restructure its loans at preferential terms...
RBS Markets Mansions To Salvage $47 Billion Of Loans: Mortgages
Less than a mile from Buckingham Palace in London, among a row of 19th century luxury homes, Royal Bank of Scotland Group Plc is seeking to recover some of the 30 billion pounds ($47 billion) of commercial property loans it got stuck with when borrowers defaulted...
HIGHER EDUCATION BUBBLE UPDATE: Student Loan Debt Climbs. Americans have cut back on credit of al
HIGHER EDUCATION BUBBLE UPDATE: Student Loan Debt Climbs. “Americans have cut back on credit of all kinds, with one notable exception. . . . Mortgage debt, home equity loans, credit card debt and auto loans are all down sharply ? partly because people are being more careful, but also because many have defaulted...
The hindrance of global debt -- Spain accelerating to major bailouts and bond markets react. Eurozone stock markets in major decline.
It is always a sign of desperation to ban short selling. Trying to put an artificial bottom usually backfires and we are seeing this hit in Spain. The situation is unsustainable and has taken the headlines away from Greece...
Dubai Companies May Face More Debt Restructuring, Moodys Says
"Dubai?s state-owned companies may have to restructure more borrowings as the debt-laden Gulf business hub struggles to pay loans over the next 12 to 18 months, Moody?s Investors Service said...
Dubai World Says 99% of Lenders Agree to Restructure $24.9 Billion of Debt
"Dubai World received approval from creditors to alter the terms on $24.9 billion of debt, nine months after the state-owned holding company?s proposal to delay repaying loans sent emerging market stocks tumbling...
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