GLG News by Self Storage Experts

Just as the housing market was over stimulated by institutional/Wall Street funding, so too the commercial real estate markets in the major urban centers have followed with speculative excess. There has been little attention paid to creating value with easy money, to the contrary, the usual investment...

On November 19,2005,the county treasurer for Montgomery County,Ohio auctioned nearly two thousand tax liens to one investor for $9.1 million dollars at a bid rate of 18%.  The following year on November 18,2006 another $6.8 million in tax liens was issued at  a 14% rate of return. This...

There are many proponents of the theory that the industrialized nations will face declining wealth through the coming century. The United Sates is not thought to be excluded from this effect by these thinkers. Those who believe otherwise as the article indicates feel there is no one else to assume the...

The upcoming introduction of Simply Vera is a major initiative by Kohl's to update and energize a slightly tired sportswear vendor/  brand structure. This is a big development in a month chock full of major launches among key retail players: in addition to Vera Wang at Kohl's, we have...

Wall Street has abandoned housing and the mortgage markets, the default ratios are up, consumer confidence is way down, wages are not keeping up with rising costs. The litany goes on through the press. Rarely do you see a positive note in the news as everybody is on the bandwagon now. The only recent...

It is wonderful that President Bush's plan to help the disenfranchised keep their homes, and in some (albeit, few) cases, this program will work. But like the cut in the commercial lending rates, this is more symbolic than helpful, and the true problems will persist after the assistance package is ...

So called "unscrupulous" lending practices,ignorant borrowers,and unrealistic market appraisals have all been identified as sources responsible for the increased residential foreclosure figures.  Speculation has also contributed to the saturated market and stiffer lending guidelines. ...

For years now, the Mortgage and Commercial Lending arena has been the subject of great debate as to whether sound credit decisions were being made. Now, finally, the proof of careless lending practices are coming to light: the question at hand is how will we deal with the fallout?

American Home Mortgage's entry into Chapter ll bankruptcy and the resulting workforce layoffs, reveal, again, just how severe the "gaping wound" to the subprime industry has become.  A total of three midsized servicing firms crumbled this August representing a combined total of $78 billion in residential...

Banks report increased delinquencies and overall lower earnings as the economy slows and housing drags. The reporting style here is yet corporate positive as CFO’s mirror the earlier performances of the major home builders, the Realtors and the Mortgage Bankers Association in denying housing issues....