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2008/11/01

Real Estate Update

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The Wall Street Journal Real Estate

November 1, 2008 -- 9:30 a.m. EDT

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J.P. Morgan launched an ambitious plan to modify the terms of $70 billion in mortgages for borrowers who are behind on their payments or soon could be. The move will cover as many as 400,000 borrowers.

http://online.wsj.com/article/SB122549543952589677.html?mod=djemRealEstate

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IndyMac Federal Bank has become a laboratory test of whether the FDIC's aid program can keep people in their homes. - Photos: Focus on Troubled Loans

http://online.wsj.com/article/SB122548504641688959.html?mod=djemRealEstate

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As the luxury real-estate market slows to a snail's pace, real-estate brokers find themselves struggling to sell a growing number of "trophy homes." - Photos: Homes Too Over-the-Top to Sell?

http://online.wsj.com/article/SB122541894252786951.html?mod=djemRealEstate

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A reader is tempted to enter a model lease-back deal, but wonders about the builders' financial volatility.

http://online.wsj.com/article/SB122547818413088611.html?mod=djemRealEstate

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Nevada leads the U.S. in the proportion of households whose mortgage debt exceeds the current estimated value of their homes. - Data: The share of mortgages under water in all 50 states

http://online.wsj.com/article/SB122541431498786575.html?mod=djemRealEstate

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Now is a good time for older homeowners to give property to their kids but still remain in the home with a qualified personal residence trust.

http://online.wsj.com/article/SB122531955605681949.html?mod=djemRealEstate

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Borrowing costs for Fannie and Freddie are rising, instead of falling like the government had envisioned. - Q&A: Ex-Fannie Mae Chief Mudd

http://online.wsj.com/article/SB122531026792281313.html?mod=djemRealEstate

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Wynn Resorts is moving ahead on a $2.3 billion Las Vegas resort at a time when rival casino companies are pulling back on projects.

http://online.wsj.com/article/SB122532358533882169.html?mod=djemRealEstate

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The U.S.'s latest plan to aid homeowners could move up to three million people into more-affordable mortgages.

http://online.wsj.com/article/SB122531677860781723.html?mod=djemRealEstate

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Westfield Mall, the largest mall in a European city, opens Thursday, but its timing couldn't be worse. Britain's economy is sliding into a recession.

http://online.wsj.com/article/SB122532222242982013.html?mod=djemRealEstate

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