Finance & Mortgage
Study Finds Real Estate Disparity Between White and African-Americans
Ace Frehley of KISS Faces Home Foreclosure, Owes More Than $700,000
JPMorgan Chase Cutting 19,000 Jobs from Mortgage and Community Banking Units
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?
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. Saudi Arabian Mortgage Law Regulations Almost Complete
The Government of Saudi Arabia has finished working on three of the five mortgage laws that it had finalized to ease the shortage of housing in the country. Outlines of the three new regulations were posted Sunday, Feb 24, on the website of Saudi Arabian Monetary Agency (SAMA).The three outlined legislations include- Regulations of the real estate financial law, Regulations of the financial lease law and the regulations of the law on supervision of finance companies. Bay Area Man Charged with Foreclosure Rescue Scheme
A Northern California man has been accused of operating a foreclosure rescue scheme in which he exploited bankruptcy laws in order to delay home seizures by lenders, according to reports. Hong Kong Increasing Stamp Duties To Prevent Real Estate Bubble
To avoid a real estate bubble, Hong Kong is pressing for higher stamp duties to restrict home loans, reported Reuters.
