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Treasurys Gain, and Bonds Feel Pain
Credit markets were at crisis levels, as investors flocked to Treasurys while dumping bonds tied to commercial real estate and corporate debt.
Nov 21 2008
Shocks in Commercial Mortgage Trigger Selloff in REIT Stocks
These days, everything has a knock-on effect. Earlier in the week, an analyst report on the potential default of a couple of commercial-mortgage deals caused a big hit to the corresponding credit market. That, in turn, has caused a selloff in the stocks of REITs.
Nov 21 2008
Fannie, Freddie Halt Foreclosures
Fannie and Freddie suspend foreclosure sales and evictions on certain properties until January as it prepares for its loan-modification program. (Statements)
Nov 21 2008
Global Crisis Douses Hawaii Tourism
High fuel prices, the bankruptcy filings of Aloha and ATA, and the nationwide slump in consumer confidence have slammed Hawaii's tourism industry.
Nov 19 2008
