Banks Slowly Recover After Failures Hit New Record

Third-quarter loan originations were 32% higher than in the third quarter of 2009, says Jamie Woodwell, vice president in the research and economics group at the Mortgage Bankers Association (MBA). ... Brack Capital Real Estate USA has sold the retail portion of its residential development at 15 Union Square West in New York City to the State Teachers Retirement System of Ohio (STRS) for $57.88 million, according to Issac Hera, chief executive officer at Brack. ...

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