Finance & Mortgage
US Banks with the Highest Foreclosed Properties (SLIDESHOW)
Real Estate Market Bullish for Buyers
House Values to Increase 22 Percent Through 2017, Research Shows
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?
American Residential Properties Inc, a private real estate investment firm is all set to go public as it filed a registration for an IPO with the U.S. Securities and Exchange Commission on Friday, March 22. The company plans to raise around $300 million in its offer. Update: Empire State Building IPO Deadline Delayed
The much-talked about and controversial IPO voting of New York’s Empire State Building has been delayed beyond next week as a number of investors are still against the plan. Malkin Holdings agreed to move the final voting date to April 8 from the initially scheduled March 25. The extension was made in order to allow the Supreme Court to analyze on the prospective of buying out the opposing investors for $100. Home Equity is Back After 4-Year Leave
For the first time in 4 years, homeowners are withdrawing more cash from their home’s equity than they are depositing, Capital Economics reports. Freddie Mac Mishandling Homeowners Complaints, Audit Reveals
Freddie Mac is not handling homeowners mortgage complaints as good as they should, federal officials announced Thursday. U.S. Home Sales at Three Year High, Up 0.8 Pct in February
U.S. existing-home sales edged up in February from the previous month, evidence of a recovering property market, according to a report released Thursday. American Realty Offers to Buy Cole Credit Property Trust for $5.7 Billion
American Realty Capital Properties has reportedly offered to buy Cole Credit Property Trust Inc. for around $5.7 billion in an effort to create one of the largest public real estate investment trusts which will focus on leasing space to single tenants (net-lease sector). Farallon Capital Launches New Real Estate Fund Worth $400 Million
Farallon Capital Management LLC, a global investment firm is launching a new real estate fund seeking to raise up to $400 million. the company has set aside a separate fund exclusively for its asset class and hopes to pitch the fund to its existing investors to gain a 20 percent internal rate of return. China’s New Home Prices Continue to Rise, Posing Difficulties for Government
New Home prices in China have posted a large and continuous growth since December 2011. Prices increased by 2.1 percent in Feb, 2013 from a year earlier while posting a 1.1 percent increase from a month earlier. The continuing trend is posing a major challenge for the government to avoid an asset bubble. Empire State Building Gains Broad Support for IPO; Small Group of Investors Still Opposing
New York’s legendary Empire State Building is reportedly inching closer to its proposed IPO. Malkin Holdings LLC, the company that controls the building, declared that they have garnered three quarters of favorable votes from the building’s shareholders who have voted so far. However a small group of investors have been opposing the plan. U.S. Home Foreclosures Record Sharp Drop in February ; Foreclosure Starts Spike 10 percent
Home foreclosures in the U.S. witnessed a sharp drop in the month of February 2013, further pointing at the resurgent housing market. However, the number of foreclosure starts/initial filings were up 10 percent in February when compared to the rates of January.
