Monthly Archives: December 2009

(RTTNews) – San Diego, California-based real estate firm Excel Trust, Inc. filed a preliminary prospectus with the U.S. Securities and Exchange Commission regarding its initial public offering of up to $300 million of its common stock .Excel Trust is a … Continue reading →

Before it failed, Pasadena-based IndyMac Bank’s aggressive loan strategy didn’t just include residential loans. Commercial mortgages were also packaged and sold. Now the Federal Deposit Insurance Corp. is poised to sell off those troubled loans at a discount in an … Continue reading →

By Kevin Smith, Staff Writer Posted: 12/22/2009 11:51:07 PM PST   Home prices rose in Los Angeles County and California last month but sales were off from October, the California Association of Realtors reported Tuesday. The county’s median home price hit … Continue reading →

By Globe Staff A grand jury announced the indictment today of six real estate investors and mortgage brokers in what the state attorney general’s office described as an “elaborate mortgage fraud scheme.” The Suffolk County grand jury returned indictments accusing … Continue reading →

By Al Yoon Reuters Monday, December 21, 2009; 7:24 PM    NEW YORK (Reuters) – The biggest changes to home loan disclosures since the 1970s are around the corner and many in the industry are warning that misunderstandings will create a … Continue reading →