Finance & Mortgage
New Casino Files for Bankruptcy, Struggling with Debt in just One Year
JPMorgan Chase To Sell Melbourne Mortgage Banking Program
Mortgage Refinance Bill Set Before Strongly Divided Congress
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 Spanish real estate group filed for bankruptcy on Tuesday. It's expected to be second largest bankruptcy with 3.6 billion euros in debt, reported Marketwatch. Home Prices Hit Record 5 Year High in UK as Sellers Increase Prices in Sight of Housing Boom
With the U.K. economy in recovery, a housing boom might be around the corner. According to a report by Rightmove PLC, an online real estate agency, house prices hit five-year-highs in February 2013. Home sellers have raised prices of properties in sight of the approaching boom. New Development Projects Drive Lend Lease Profits Up 39 percent
Lend Lease, the largest property building firm in Australia has recorded a high profit of 39 percent at the end of December 2012. The notable profit seems to source from two prominent development projects that the company has taken on - The Barangaroo South Development Project in Sydney and a redevelopment project in London. Investors’ Confidence in Private Real Estate Funds Rises, Preqin Report
In a survey conducted by alternative asset research company, Preqin, it was revealed that investment in private real estate fund was growing and investors’ confidence in the sector was returning. Gleacher & Co Inc. Sells Its Mortgage Branch
Gleacher & Co. Inc. said it is selling ClearPoint Funding Inc., its mortgage branch, to Ocwen Financial Corp., Reuters reported. Swiss Banks to Hold Extra Capital to Cover Mortgage Risks
The Government of Switzerland has made it mandatory for all the banks of the country to hold extra capital to cover the risk of mortgage loan default. The decision comes in the wake of fears of an emerging housing bubble in the country. Obama State Of The Union Addresses Housing Plans, But New Bill Remains Stalled
At the State Of The Union, President Obama brought up the bill in Congress that would give homeowners a $3,000 savings per year if they refinance at current low rates. It was pushed early last year, but keeps getting stalled over partisanship. Santander UK Investigated for Fixing Interest Rates and Falsely Advising Clients
Santander UK, is being probed in an investigation for falsely advising investors and fixing interest rates, Reuters reported. Housing Market Beats Expectations, Says KC Fed President
In spite of the shaky steps the economy has given in its way to recovery, improvements in employment and the real estate market surpassed expectations, said Federal Reserve Bank of Kansas City President, Esther George. Mortgage Rates Remain Steady and Low
Rising mortgage rates are slumping after a pike in December, which was the strongest since the 2008 financial crisis hit. Mortgage buyers credit the fall to more mortgage choices for first-time buyers and a boost in lender confidence.
