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Shares close slightly higher, extending gains for third day

Published December 5, 2008, 3:15 am, China Daily

Chinese stocks closed slightly higher on Friday, extending gains to three consecutive days. Shares in the agricultural and real estate sectors led the advance.

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Mortgage rates drop to lowest level since January

Published December 5, 2008, 3:13 am, The Oakland Press

WASHINGTON (AP) — Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market.

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Washingtons New Tack: Helping Homeowners

Published December 5, 2008, 3:13 am, The Gainesville Sun

The Treasury Department is working on a plan to boost the housing market by subsidizing 30-year home mortgages with rates as low as 4.5 percent.

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QUICK POLL

Published December 5, 2008, 3:12 am, GlobeSt.com

LOS ANGELES-New owners have taken title to two apartment complexes in Koreatown and Van Nuys in two separate deals totaling nearly $15 million.

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Chicago's budget director quits

Published December 5, 2008, 3:12 am, KWQC-TV 6 Davenport

CHICAGO (AP) - Chicago's budget director has resigned in the midst of the city's worst financial crisis in recent history. Bennett Johnson III on Thursday called the job tough and demanding, adding he'd done a lot to try and help the city, but it was time for him to move on.

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QUICK POLL

Published December 5, 2008, 3:11 am, GlobeSt.com

ANDERSON, IN-On the slow road to recovery, the city has sold one of its eight vacant General Motors plant facilities to a company, though for a lower price than expected.

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QUICK POLL

Published December 5, 2008, 3:11 am, GlobeSt.com

AUSTIN-M&K Metals Inc.'s recently signed lease for 7,500 square feet has pushed occupancy at the two-building Cameron Creek Business Park to 91%. The two-building, 86,000-square foot industrial asset began life as speculative space when it was completed in December 2007.

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NHB revises risk weight for home finance firms

Published December 5, 2008, 3:11 am, Business Standard India

In a move to boost capital adequacy of housing finance companies (HFCs), National Housing Bank (NHB) has revised their risk weightage and based it on their loan-to-value (LTV) ratio.

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The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online

Published December 5, 2008, 3:11 am, GlobeSt.com

NEW YORK CITY-A state judge has refused to lift a default judgment of $265 million against a group of individual and corporate investors in a 16-year dispute over repayment of a loan used to develop Manhattan’s Flatotel hotel.

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We chose Milpitas' public safety compensation

Published December 5, 2008, 3:10 am, The Milpitas Post

During the recent election one of our candidates alluded to our public safety salaries and current budget conditions and raised concerns about our city becoming another Vallejo.

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