Finance & Mortgage
Saudi Arabian Mortgage Law Regulations Almost Complete
Bay Area Man Charged with Foreclosure Rescue Scheme
Hong Kong Increasing Stamp Duties To Prevent Real Estate Bubble
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?
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. Rising Home Prices Rescue a Number of American Underwater Home Owners
The rising prices of homes in America are rescuing more number of underwater homeowners from their debts. The rebounding market, low mortgage rates and increasing prices have dragged a number of underwater homeowners to rise above their debt. New home buyers are now able to sell off their old homes at a greater price to fund their mortgage loans, enabling them to cover the loan more effectively. China restates plan to extend property tax programme to new cities
China's cabinet on Wednesday restated its intention to extend a pilot property tax programme to more cities and urged local authorities again to put price control targets on new homes, in the latest effort to calm frothy real estate markets. New Casino Files for Bankruptcy, Struggling with Debt in just One Year
New Jersey Casino, Revel, said it will file for bankruptcy after being open for just one year. The $2.4 billion Atlantic City casino accumulated $1.5 billion in debt and was failing to turn a profit.
