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South America Mortgage Crisis News is an EIN News Service for real estate professionals. Constantly updated news and information about South America Real Estate.
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  • Global Leveraged Speculation Upsurge, Financial Crisis Not Over 7 Nov 2009 22:18 GMT
    ... Almost all the excessive hedge fund de-leveraging is over. Banks have ... doing. They are still leveraged and the credit crisis is not over. We may get a ... all broke. It’s like real estate, both residential and commercial, an act of planned destruction ...

  • Decline in International Tourism Easing in Recent Months 7 Nov 2009 21:18 GMT
    ... International tourist arrivals worldwide are estimated to have ... led by the global economic crisis, the credit crunch and rising unemployment, not to mention the ... tend to trade down, stay closer to home and travel for shorter periods of time. ...

  • AIG turns a US$455-million profit in 2009 Q3 7 Nov 2009 05:18 GMT
    ... AIG turns a US$455-million profit in 2009 Q3 American International Group, ... H. Benmosche said. "Pricing in our commercial property casualty business has been stable. "Management continues ... 2009 underwriting losses were primarily driven by credit crisis related claims and continued adverse development of ...

  • The only way is up for Chile 6 Nov 2009 04:40 GMT
    ... Santiago: centre of one of the most dynamic economies ... A1 from A2 by Moody's since the credit crunch started. Chile is the longest country in ... best in the world. The district is home to a new W, the iconic five-star ...

  • Fund raises $210m as cross-border investors go nuts about Brazil 6 Nov 2009 08:55 GMT
    ... Fund raises $210m as cross-border investors go nuts about Brazil ... Vision Brazil’s first vehicle to exclusively target property. Three-quarters of the capital has already been ... nations, has been sheltered from the global credit crisis because of the isolation of its domestic ...

  • Gran Tierra Energy Announces Third Quarter 2009 Results 6 Nov 2009 12:31 GMT
    ... Gran Tierra Energy is one of the largest exploration landholders ... risk that the current global economic and credit crisis may impact oil prices and oil consumption ... Other capital assets 2,852 2,502 ------------------------- Total Property, Plant and Equipment 727,933 767,552 ------------------------- Other ...

  • AIG Reports Third Quarter 2009 Results (BIZ) 6 Nov 2009 12:30 GMT
    ... THIRD QUARTER (in millions, except per share data) Per Diluted ... higher current accident year losses related to credit crisis exposures and prior accident year losses in ... to subprime mortgages, monoline insurers and the residential and commercial real estate markets, the separation ...

  • AIG Reports Third Quarter 2009 Results 6 Nov 2009 12:31 GMT
    ... NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (AIG) today ... higher current accident year losses related to credit crisis exposures and prior accident year losses in ... to subprime mortgages, monoline insurers and the residential and commercial real estate markets, the separation ...

  • American Casino 6 Nov 2009 14:32 GMT
    ... holistic and disturbing take on the sub-prime mortgage crisis. Cockburn—a longtime investigative journalist and former Princeton ... the brunt of the downturn, losing their homes to foreclosure and repossession and being asked ... having to deal with squatters on foreclosed property, and the membership of the St. Ambrose ...

  • UPDATE 2-Gafisa Q3 net income, revenue rise 6 Nov 2009 13:00 GMT
    ... * Net profit rises in Q3 over year-ago period * Revenue ... SAO PAULO, Nov 6 (Reuters) - Brazilian real estate developer Gafisa ( ) said on Thursday ... among the hardest hit by the global credit crisis that pushed Brazil into recession late last ...

  • AIG Posts $455 Million Profit as Catastrophe Claims Decline 6 Nov 2009 14:36 GMT
    ... "For the third quarter ended September 30, 2009, of $455 million, ... higher current accident year losses related to credit crisis exposures and prior accident year losses in ... million as well as impairments on proprietary real estate investments offset by improved partnership income. The ...

  • UPDATE 3-Gafisa profit, revenue more than double, shrs jump 6 Nov 2009 15:26 GMT
    ... * Net profit rises in Q3 over year-ago period * Company ... SAO PAULO, Nov 6 (Reuters) - Brazilian real estate developer Gafisa ( ) said on Thursday ... among the hardest hit by the global credit crisis that pushed Brazil into recession late last ...

  • AIG Posts Second Straight Profit In Q3 - Update 6 Nov 2009 15:56 GMT
    ... AIG Posts Second Straight Profit In Q3 - Update Fri. ... the third quarter were primarily driven by credit crisis related claims and continued adverse development of ... of $697 million and impairments on proprietary real estate investments. AIG said that the results for ...

  • UPDATE 1-Gafisa Q3 net up, sees strong 2010 growth 6 Nov 2009 03:43 GMT
    ... * Q3 net income 85.8 mln reais vs year-ago 30.9 mln ... SAO PAULO, Nov 5 (Reuters) - Brazilian real estate developer Gafisa ( ) said on Thursday ... among the hardest hit by the global credit crisis that pushed Brazil into recession late last ...

  • A gem of an asset class? 6 Nov 2009 12:22 GMT
    ... We are at the end of an exceptionally long and strong global ... and strong global economic, equities, credit and property... We are at the end of an ... Furthermore, the medium-term macroeconomic implications of the credit crisis are as yet unknown, and we would ...


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