Tag Archives: TARP

Mortgage Interest Rates Test Definite Strong Level of Support

Written by: - May 19, 2009

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19 May 2009 – We are recommending that you cautiously float as mortgage interest rates test a definite strong level of support. Today, housing starts were reported significantly lower than expected, down 12.8% to 458,000 units from the expected level of 520,000! This is the lowest number of housing starts since January 1959, over 50 […]

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Challenging 2009 Ahead for Commercial Real Estate

Written by: - January 3, 2009

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Challenging 2009 Ahead for Commercial Real Estate

Commercial real estate is going to have a challenging 2009. High vacancy rates, lower rents, and tight credit are all a recipe for a very difficult time for commercial landlords. This is evident in nearly any retail street in Chicago with more and more soaped up windows.

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Three Chicago Banking Institutions Receive TARP Funds

Written by: - December 26, 2008

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Three Chicago Banking Institutions Receive TARP Funds

The Treasury Department released the details of a $2.8 billion investment in 49 local banks. On the list were three Illinois banks, all of which are headquartered in Chicago suburbs, but do much of their business in Chicago. They are the first Chicago banks to receive federal funds under the Troubled Asset Relief Program (TARP).

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