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From: "DSNews.com Editor"
Date: Tue, 8 Sep 2009 08:16:39 -0400 (EDT)
To: <roballeyrealtor@gmail.com>
Subject: Your Daily Dose from DS News
| | | | Private Equity Group Launches Fund to Drive Residential Real Estate Sales The administration has repeatedly emphasized the importance of pulling private capital into the housing sector to hasten a recovery. One Chicago-based equity group has jumped on that bandwagon with the unveiling of the new Buyers Equity Fund, created to drive residential purchases by offering homebuyers a cash subsidy, in exchange for a share in the home's future equity. < Read More > Homeowners Forced into Role of Landlord for Houses They Can't SellWhen Timothy Geithner moved to Washington earlier this year to become Treasury secretary, he put his home in Larchmont, New York on the market for $1.6 million. It didn't sell, and Geithner rented it out while he and his family looked for a new home in the nation's Capitol. It turns out that the Treasury secretary is not alone in becoming an involuntary landlord. < Read More > Lehman's London Unit Sees Claims of $100 Billion Against Bankrupt ParentAdministrators at Lehman Brothers' London office, the largest operation of the failed investment bank outside the United States, will be making claims of as much as $100 billion in the bankruptcy proceedings of the parent bank in New York. < Read More > LPS Report: Foreclosure Pipeline Remains CloggedLender Processing Services, Inc. (LPS), recently announced the release of its August 2009 LPS Mortgage Monitor, and the company says while loan performance is improving, the mortgage market's problems will remain until the nation's sizable foreclosure pipeline is cleared. < Read More >
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