Articles Tagged with ''Stock market''

Connecticut Housing Endures Worst Year Since 1996

Connecticut's housing market faltered in 2006, as the double-digit increases in median price that had characterized the previous four years came to a halt. The year-end median price for single-family homes rose just 0.7 percent over 2005's prices, while sales volume suffered as well, with 37,227 single family homes sold. The sales number represented the first time fewer than 40,000 were sold in a year since 1996, according to Boston-based The Warren Group, a provider of real estate data for the New England region of the US.
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Fitch Introduces First Statistically Valid U.S. Multiborrower CMBS Model

Fitch Ratings said late Friday that it has introduced the first statistically valid U.S. CMBS multiborrower rating model for evaluating the credit risk of commercial mortgage pools. According to the company, the development of the new model follows an extensive study of over 32,000 CMBS fixed-rate conduit loans originated between 1994 and 2001, totaling $173 billion, and how they performed through the end of last year.
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CWCapital Asset Management Grows CMBS Special Servicing Portfolio

CWCapital Asset Management LLC said today that it has recently been appointed special servicer on 23 separate commercial mortgage backed securities (CMBS) transactions totaling over $36.6 billion. The appointment brings CWCAM's total Special Servicing portfolio to approximately $108 billion, representing approximately 11,100 loans, which would position the company as the second largest servicer in the commercial real estate industry.
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Wells: Housing Won't Slow US Economy in 2007

Most U.S. households on average have never been better off in the wealth department, Wells Fargo's senior economists said during the company's annual economic forecast teleconference earlier this week. The economists also forecast U.S. economic growth in 2007 despite home price declines, Federal Reserve interest-rate increases and other economic factors.
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