_Economy and Finance

Roubini: Slowdown Brings Forward New Crisis By Scott Hamilton - Sep 06, 2011 08:28 AM Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC, said the current slowdown in the world economy has brought forward the timing of a new financial crisis.

CMBS market emerges from the shadows Date: 29 August 2011 Europe's CMBS market is emerging from the shadows after four years in the doldrums, sending a signal to the market that it is once again a credible source of debt capital. In August, Deutsche Bank underwrote £450 mln (EUR 513 mln) of new UK loans which are likely to form the basis of another CMBS deal. The new loans are reportedly secured on the Merry Hill regional shopping centre in the West Midlands, the Design Centre in Chelsea Harbour in London and Milton Park, a business park in Oxfordshire. http://www.propertyeu.info/index-newsletter/cmbs-market-emerges-from-the-shadows/

Home Short Sales Increase as Banks ‘More Realistic’ on Market By Dan Levy - Aug 24, 2011 08:01 PM U.S. homes nearing foreclosure accounted for 12 percent of total sales in the second quarter as banks agreed to more transactions at prices below the outstanding mortgage balance, RealtyTrac Inc. said.

U.S. May Back Refinance Plan for Mortgages By SHAILA DEWAN and LOUISE STORY Published: August 24, 2011 The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing.

Orders for Durable Goods in U.S. Increase 4%, Twice as Much as Estimated By Shobhana Chandra - Aug 24, 2011 01:12 PM Orders for U.S. durable goods climbed more than forecast in July as a surge in demand for aircraft and autos eclipsed a decrease in business equipment, including computers and machinery.

Foreclosure settlement: Spat among the states By Jennifer Liberto @CNNMoney August 24, 2011: 3:13 PM ET WASHINGTON (CNNMoney) -- A deal to help victims of improper foreclosures has been slow going, in large part because of infighting among state attorneys general over giving banks a free pass from future lawsuits.

Home Prices Decline 5.9% in Second Quarter By Kathleen M. Howley - Aug 24, 2011 07:21 AM Home prices in the U.S. fell 5.9 percent in the second quarter from a year earlier, the biggest decline since 2009, as foreclosures added to the inventory of properties for sale.