Foreclosure Surge Expected After 15 Percent Jump from Year Ago
Feb 11, 2010 Object
New data from research firm RealtyTrac shows that U.S. foreclosures reached 315,716 in January — a 10% decline from December but a 15% increase from the same time last year. And the pain is expected to continue. “If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu of foreclosure alternatives works,” said RealtyTrac CEO James J. Saccacio.
Also: 3,000 Banks Face Commercial Real Estate Risk
Continue reading Foreclosure Surge Expected After 15 Percent Jump from Year Ago
Foreclosure Surge Expected After 15 Percent Jump from Year Ago originally appeared on DailyFinance on Thu, 11 Feb 2010 06:27:00.
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Foreclosure Surge Expected After 15 Percent Jump from Year Ago
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Hyundai rides recession-conscious consumers to record earnings
Filed under: Technology, Economy, Investing, Earnings, One Year Later
On Thursday, South Korea’s Hyundai Motor Company posted Q3 profits of $826.2 million, more than three times its 2008 profits in the same quarter and an all-time quarterly high for the automaker. Given that the previous record of $680 million was set in Q2 of this year, it is clear that Hyundai, the world’s fifth-largest automaker, is riding a wave of massively increasing profits.
A large part of this leap lies in a 34 percent jump in sales, attributable to many factors, including the cash-for-clunkers program and deep discounts from Hyundai. In the third quarter, the automaker claims to have taken 5.5 percent of global market share, up from 4.4 percent the previous year.
Continue reading Hyundai rides recession-conscious consumers to record earnings
Hyundai rides recession-conscious consumers to record earnings originally appeared on DailyFinance on Thu, 22 Oct 2009 13:00:00 EST. Please see our terms for use of feeds.
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Hyundai rides recession-conscious consumers to record earnings
Tags: 826-2-million, automakers, autos, for-technology, investing, new york times, newspapers, outlook, percent-jump, previous-record, south korea
