Finance & Mortgage
Morgan Stanley Hoping to Raise $3 Billion for Global Property Fund
American Realty Buying CapLease for $2.2 Billion
Judge Dismisses Candy Spelling Eviction Lawsuit
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
The controversial move of taking the historic Empire State Building public is almost on the verge of gaining majority approval from shareholders, as 79.6 percent of unit-holders have voted for the plan. US Mortgage Rates Rise in May but Still Remain at Historic Lows
The average U.S. borrowing rate for housing loans rose to reach new highs in May. However, rates remain at historical lows when compared on a year on year basis since 1971. US Housing Affordability Remains Steady for the First Quarter of 2013, NAHB report
Housing affordability among the public of the U.S. remained steady for the first quarter of 2013 when compared to the first quarter figures of 2012, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Fannie Mae to Pay Back $59.4 Billion to US Treasury Department after Record Quarterly Profits
The Federal National Mortgage Association, popularly known as Fannie Mae will be paying back $59.4 billion to the U.S. Treasury as it reports record quarterly profits and hopes to capitalize on the loans it had received from the department during the housing crisis. Builder Confidence in 55+ Single Family Housing Market Rises in First Quarter of 2013: NAHB
The 55+ single family Housing Market Index (HMI) analyzed by the National Association of Home Builders (NAHB), rose to reach 46 points in the first quarter of 2013, making it the highest first quarter point recorded since the introduction of the measure in 2008. Number of Improving Property Markets in US Dips Slightly in May, NAHB Report
A recent report released by the National Association of Home Builders (NAHB) revealed that the number of improving property markets in the U.S. has dropped to 258 from the 273 recorded in April. Update: Judge Clears Empire State Building IPO Obstacle
The controversial move of taking the historic Empire State Building, public has just crossed another hurdle after Justice O. Peter Sherwood; the New York State Supreme Court judge declared that a potential buy-out plan was completely legit on Wednesday, May 1. US Mortgage Rates Reach Record Lows
Mortgage rates declined across the board with the average rate on a 15-year fixed mortgage dropping to a new low last week, and the rate on the 30-year fixed loan declined. Cheaper mortgages have encouraged more home-buying and refinancing. U.S. Home Prices in 20 cities Rise at Fastest Rate Since 2006
U.S. home prices in the country's 20 largest metropolitan areas rose 9.3 percent over the last 12 months ending in February, the most substantial year-over-year growth rate since May 2006, according to the S&P/Case-Shiller Home Price Index, 'Piggyback' Mortgages Return on Record Low Home Loan Rates
As mortgage rates in the U.S. remain at their record lows, buyers can now turn towards “Piggyback” mortgage loans. However, a piggyback loan has its pros and cons. It is important that the buyer evaluate the feasibility of a piggyback loan.
