Property Mentor Group

Tag: mortgage

  • VIDEO: CreXus Investment (NYSE:CXS) to Acquire Commercial Real Estate Mortgage

    CreXus Investment (NYSE:CXS) announced that it has signed a definitive asset purchase agreement with Barclays Bank’s (NYSE:BCS) affiliate, Barclays Capital Real Estate, to purchase a portfolio of commercial real estate assets. The closing of the transaction is subject to the completion of certain conditions, including the successful completion of a common stock offering by CXS…

  • Scandal to Cost US Mortgage Agencies USD $3B

    Internal government documents have shed light on the manipulation of the global interest rate referred to as the Libor in a scandal ensnaring several large banks is now believed to have caused a USD $3 billion to mortgage finance giants Fannie Mae and Freddie Mac. US, UK and Swiss authorities have alleged a vast conspiracy…