Finance & Mortgage
Commercial Real Estate Market Recovering Slowly
BBA Says UK Mortgage Approvals hit Record Lows in January
U.S. Federal Reserve's Monetary Policy Raising Concerns of Asset Bubble
EDITOR'S PICKS
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Top 1,000 Brokerages Reveal Which Real Estate Firms Are Surviving — And Growing — In The Current Recessionary Market
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Shohei Ohtani And His Agent Settle Hawaii Lawsuit Over Alleged Sabotage Of $240 Million Real Estate Project
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James Corden Locked In Bitter Fight With London Council Over Paving Changes At His $22 Million Heritage Home
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Mortgage Rates Jump Back Above 6% After Iran Strikes Push Oil Prices And Treasury Yields Higher
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. ING Group Selling $2 Billion in Mortgage Bonds from ING Australia Bank, Australia's Fifth Largest Mortgage Lender
ING Group, announced it may sell $2 billion in mortgage bonds from its Australian branch, reported Bloomberg. Bank of America, JP Morgan, Wells Fargo Hurrying Homeowner Aid After Mortgage Fraud Fiasco; Deadline Feb. 28
Five major banks involved in last year's mortgage fraud are generously completing their requirements in a government settlement and hastening to resolve aid to affected homeowners by the end of this month, reported Bloomberg. Fresno Seeing Commercial Real Estate Boost
The commercial real estate industry is looking better these days for Fresno, Calif., one of the state's largest cities. The first building since 2008 is being constructed and is expecting to bring dozens of well paying jobs with it, reported ABC30. Iron Chef, Michael Symon Lists SoHo Penthouse for $3.5 Million
Award winning American chef/restaurateur, Michael Symon has listed his Penthouse in the SoHo neighborhood of New York on the open market with an asking price of $3.5 million. He has also purchased another penthouse in the Gramercy Park area of New York for $2.7 million. Rise in Prices Leads Chinese Government to Curb Home Purchases
According to a survey conducted by the National Bureau of Statistics (NBS), average home prices in China rose the highest in January 2013, when compared to the figures of the same period in 2012. This is leading the Chinese regulators to tighten real estate speculations in the country. Otak Inc. Founder Othman launches New Real Estate Investment and Consulting Firm
Nawzad Othman, former CEO of global engineering firm, Otak Inc recently announced the launching of a new international real estate investment firm – The Othman Group on Wed, Feb 20, 2013 in Portland, Oregon in a press release. The new company will primarily aim at meeting needs of clients from the Middle East and the Pacific Northwest. Department of Justice Investigating JPMorgan on Bear Stearns' Mortgage Products
JPMorgan is in deep water. The United States Justice Department is investigating their role in misleading clients about mortgage products, Reuters reported.
