Solyndra Offered $535 Million Loan Guarantee by the U.S. Department of Energy

Solyndra, Inc. announced that it is the first company to receive an offer for a U.S. Department of Energy (DOE) loan guarantee under Title XVII of the Energy Policy Act of 2005. Solyndra, a Fremont, California-based manufacturer of innovative cylindrical photovoltaic systems, will use the proceeds of a $535 million loan from the U.S. Treasury’s Federal Financing Bank to expand its solar panel manufacturing capacity in California. “The leadership... 

Homex Announces 2009 Revenue Guidance Above the Industry’s Expected Average Growth Rate

Desarrolladora Homex, S.A.B. de C.V. announced its guidance for 2009. The Company expects to perform favorably in the year ahead with revenue growth in the range of 8 to 10 percent and EBITDA(1) margin in the range of 23.0 percent to 24.0 percent bolstered by continuing demand for affordable entry-level homes and the favorable mortgage conditions to finance them under federal housing programs. During 2009, Homex expects challenging macroeconomic conditions... 

Fannie Mae to Suspend Foreclosures Until January 2009 While Streamlined Modification Program is Implemented

In order to support the streamlined modification program announced on November 11, 2008, Fannie Mae (NYSE: FNM) issued a notice to its loan servicing organizations and retained foreclosure attorneys directing them to suspend foreclosure sales on occupied single-family properties as well as the completion of evictions from occupied single-family properties scheduled to occur from November 26, 2008 until January 9, 2009. The temporary suspension of... 

Home Prices Rise in Some Metros, Buyers More Active in Other Areas

Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the National Association of Realtors®. In the third quarter, 28 out of 152 metropolitan statistical areas(1) showed increases in median existing single-family home prices from the same quarter in 2007; four were unchanged and 120 metros... 

IndyMac Federal Bank, FDIC, Mayor Antonio Villaraigosa and Los Angeles Neighborhood Housing Services Announce First Home Preservation Day for IndyMac Customers

IndyMac Federal Bank (IMFB), the Federal Deposit Insurance Corporation (FDIC), the City of Los Angeles and the Los Angeles Neighborhood Housing Services (LA NHS) are proud to announce the first in a series of free Home Preservation Days for customers of IMFB. The first such event will occur on Saturday, November 22, 2008 from 10:00 a.m. to 3:00 p.m. at the Marvin Braude Constituent Services Center at 6262 Van Nuys Blvd. in Van Nuys, California. At... 

MAXXAM Reports Results for Third Quarter 2008 and First Nine Months of 2008

MAXXAM Inc. reported a net loss of $65.4 million, or $14.34 per share loss, for the third quarter of 2008, compared to a net loss of $10.5 million, or $2.00 per share loss for the same period a year ago. The Company’s results for the three and nine months ended September 30, 2008 were negatively impacted by a $52.3 million provision for federal income taxes, or $11.47 and $11.02 per share loss, respectively, reflecting the write-off of deferred... 

Glancy Binkow & Goldberg LLP, Representing Preferred Shareholders of Thornburg Mortgage, Inc., Announces Class Action Lawsuit and Seeks to Recover Losses

Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a Class Action lawsuit in the United States District Court for the District of New Mexico on behalf of a class (the “Class”) consisting of all those persons who tendered shares of Thornburg Series C, D, E or F Preferred Stock of Thornburg Mortgage, Inc. pursuant to the Tender Offer originally launched on July 23, 2008, and the definitive proxy statement filed with...