http://www.naglelawgroup.com/blog Residential and Commercial Real Estate, Bankruptcy and Estate Planning Lawyers Tue, 18 May 2010 23:13:40 +0000 http://backend.userland.com/rss092 en The government's mortgage-modification program has left some struggling homeowners worse off than they were before. The Treasury reported Monday that nearly one in four homeowners who were offered lower payments under the Obama administration's 15-month-old effort have been weeded out of the program. Many ... http://www.naglelawgroup.com/blog/?p=115 The New York Times reported today that despite efforts of the Executive Branch, banks would remain reluctant participants in assisting homeowners avoid foreclosure through mortgage balance reductions. http://www.naglelawgroup.com/blog/?p=78 This article summarizes the very recent discussions on what is now a viable alternative for many homeowners http://www.naglelawgroup.com/blog/?p=74 The U.S. government has pulled off a lot of bailouts recently, but in the deepening problems of commercial real estate, it might have met its match. It increasingly looks as if the government might have to just stand by and let bondholders and banks take huge ... http://www.naglelawgroup.com/blog/?p=70 The word among the panelists on CNBC's "Word on the Street" program was regional banks are gaining because the picture is brightening in the commercial real estate sector. Commercial property has a disproportionate impact on regional banks because they have significant exposure to commercial mortgages. The ... http://www.naglelawgroup.com/blog/?p=68 Shopping center REITs reported an increase in leasing activity in the third quarter. "I think we saw signs of stabilization. Sequential occupancy increases were somewhat encouraging," said Robert McMillan, an analyst with Standard & Poor's Equity Research Services. "Some of the big-box space that has been ... http://www.naglelawgroup.com/blog/?p=65 Last week, the nonpartisan Rockefeller Institute issued their latest report on the economic health of the fifty states and the news wasn’t good. Over the past year, Arizona has seen its personal income tax collections drop by 45% -- a record that indicates how much poorer Arizonans have become. ... http://www.naglelawgroup.com/blog/?p=47 The economy is recovering nicely, says James Altucher, managing director at Formula Capital, and 2010 is going to be a huge year. Read More.... http://www.naglelawgroup.com/blog/?p=44 Weak or deteriorating commercial real estate markets were reported by all of the Federal Reserve's 12 district banks, according to the central bank's latest Beige Book. The Fed's regular anecdotal report found that the overall economy is still plagued by weakness in banking and increasing unemployment. Among the few bright ... http://www.naglelawgroup.com/blog/?p=40 Robert Bach, chief economist at Grubb & Ellis, is one of many industry experts who reject the contention commercial real estate's problems could bring down the entire financial system of the U.S. "These problems are focused in regional banks and the Federal Deposit Insurance Corp. has a tested method of ... http://www.naglelawgroup.com/blog/?p=37