Finance & Mortgage
SunTrust Mortgage settles racial lawsuit for $21 Mln
Low mortgage rates attract more short-term borrowers
European commercial landlords unable to pay loans: Moody
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?
Average U.S. rates on 30-year and 15-year fixed mortgages dropped to record lows again this week, with the 15-year loan dipping below 3 percent for the first time ever. Dubai Nakheel reports $98.6 Mln profit in first quarter
Dubai Nakheel, the state-controlled builder of artificial islands off Dubai’s coast, reported a first-quarter profit after a year-earlier loss as it delivered more completed properties to buyers and cut costs. TEXT-S&P Summary: Evergrande Real Estate Group Ltd.
The rating on Evergrande Real Estate Group Ltd. reflects the company's aggressive growth appetite, debt-funded expansion, short operating and financial management track record as a large-scale developer, and weak corporate governance history. Evergrande's high-volume and large-project-size business model could expose the company to execution risk in small markets. The company's large, low-cost, and geographically diversified land bank, competitively priced products, and good execution because... TEXT-S&P cuts Swedish Stena AB to 'BB'; outlook stable
The expected improvement predominantly reflects the last drilling ship that will begin operating in the second quarter, and the LNG vessels that will contribute through the full year. We anticipate some modest improvement in the group's ratio of adjusted FFO to debt in 2013. Real estate firm Africa Israel reports dip in profit
Israeli real estate developer Africa Israel Investments reported a drop in first-quarter net profit as a result of a drop in financing income and higher tax expenses. Real estate tax bills not accepted at all banks: report
Franklin County Treasurer John Gulley has announced that due to reasons beyond his control, Bank of America in Benton and West Frankfort will be unable to accept real estate tax payments this year. New home sales rise 3.3 PCT in April
Purchases of brand new, single-family homes rose by 3.3 percent in April, according to data released Wednesday from HUD and the U.S. Census Bureau. Pending home sales unexpectedly dip in April
The number of Americans signing contracts to purchase previously owned homes fell in April to a four-month low, indicating the U.S. housing recovery remains uneven, according to a report released Wednesday. Pending home sales post surprise fall in April
Contracts to purchase previously owned U.S. homes unexpectedly fell in April to a four-month low, undermining some of the recent optimism that the housing sector was touching bottom. EU calls for banking union, direct recapitalization of banks
The euro zone should move to a banking union and consider directly recapitalizing banks from its permanent bailout fund, the European Commission said on Wednesday in annual economic recommendations that shone a critical light on Spain.
