Finance & Mortgage
Canada Mortgage and Housing Corp. Hiding From Buyers The Homes Were Foreclosures
Debra Messing Sells Bel-Air Home for $11.4 Million In Less Than a Month
FBI and HUD Raid Elias Realty Livonia and Brighton Offices
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?
A recent study by the Brandeis University found that a widening wealth gap between African Americans and white Americans is creating a real estate disparity, reported The Washington Post. Ace Frehley of KISS Faces Home Foreclosure, Owes More Than $700,000
Ace Frehley, also formerly known as "Space Ace" for KISS is facing home foreclosure, reported New York Daily News. JPMorgan Chase Cutting 19,000 Jobs from Mortgage and Community Banking Units
At the first sign of sequestration, JPMorgan Chase & Co. announced they will dismiss 19,000 people from its mortgage and community banking units, reported Bloomberg Businessweek. Spain's Century-Old Mortgage Law Calls For Change From Evicted Homeowners
Spain's weak economy and worsening housing crisis had forced many families into the streets and even drawn people to suicide. Last week, thousands of Spaniards from 50 cities protested to the streets to battle forced evictions as a result of a 100-year-old eviction law, reported Reuters. Sequestration Could Severely Impact Recovering Housing Market
With talks of sequestration resuming, we can expect to see cuts that can wound the recovering real estate market. Singapore Raising Taxes for Luxury Homeowners
The Finance minister of Singapore, Tharman Shanmugaratnam announced on Monday, Feb 25 that the government will be increasing the tax rates for wealthy homeowners in the country. The tax hikes are a part of the 2013 budget announcement. The step comes as an effort to make the tax system more effective. Dismal Outlook on British House Prices Only Adds to Gloomy Economy
A poll released today by Reuters concludes dismal predictions for British house prices. The prices are expected to stagnate by the end of this year. Commercial Real Estate Market Recovering Slowly
The National Association of Realtors' Commercial Real Estate Outlook, NAR, reported today that the commercial real estate market is recovering slowly, according to AGBeat. BBA Says UK Mortgage Approvals hit Record Lows in January
U.K. mortgage approvals and personal loan levels have been highly affected due to the bad weather in January 2013. The British Bankers’ Association (BBA) said on Monday, Feb 25, said that mortgage approval rates had declined unexpectedly in the country. They also added that overdraft and loan repayments exceeded fresh loan applications and borrowings. U.S. Federal Reserve's Monetary Policy Raising Concerns of Asset Bubble
The U.S. Federal reserve’s monetary policy has kicked off speculation among experts in the industry about an emerging asset and economic bubble in the country. However, Ben S. Bernanke, Chairman of the reserve has waved away all the concerns claiming that the policy has spurred construction jobs throughout the country and it would not be taking the policy down anytime soon.
