Finance & Mortgage
Mortgage servicer Ocwen reported 2011 revenue rising by 38%
Gross mortgage lending 10% stronger than a year ago
Home Loan Applicants Urge to Research on Bank Rates Well
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?
China - The Shanghai city government is offering lower taxation for the average homepurchase after revising the standards of "ordinary" houses on Thursday.However, experts are cautious about whether the new standards will help "wait-and-see"homebuyers make a faster decision. BANKING: States, banks reach foreclosure-abuse settlement
U.S. states have reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. New Automated Application from Churchill Mortgage Gives Borrowers Immediate Rate Quote and Pre-Approval
New Automated Application from Churchill Mortgage Gives Borrowers Immediate Rate Quote and Pre-Approval. San Francisco Consulting Firm Recommends Taking Advantage of Lower Lease Prices Now as Demand for Office Space Increases
While the recovery of the real estate sector remains sluggish nationally, San Francisco's commercial real estate market is heating up. According to a recent survey by the Urban Land Institute and PricewaterhouseCoopers, San Francisco is now the third-best city to invest in for commercial property. As the cost of leasing commercial space rises again, San Francisco business consultantKathy Scheiern, PhD, founder of PurposeWorks LLC, recommends small businesses find the right space and lock in a g... Rate on 30-year-mortgage remained 3.87% low record
The average 30-year fixed-rate mortgage has been at its all-time record-breaking low of 3.87 percent since the first week of February U.S. Mortgage Applications Decline 1%: MBA
U.S. mortgage applications decreased by one percent in the week ending Feb. 10, compared to the previous week, according to the Mortgage Bankers Association. Interest rate cuts boost new home lending in Australia
Housing finance figures for December 2011 reveal that the November and December official interest rate cuts had a positive impact on home buyer confidence and new home lending in Australia, according to the Housing Industry Association, the voice of Australia’s residential building industry. Empire State Building Owner Files for IPO
The new company, Empire State Realty Trust, is seeking up to $1 billion in funding for control of a dozen office buildings, including the Empire State Building, totaling 7.7 million square feet. It will trade under the symbol "ESB" and offer Class A common stock to the public. It will also have Class B stock with 50 votes per share. Anthony Malkin, scion of the real estate family, will be chairman and CEO of the new company. Fourth Quarter Metro Area Home Prices Boost Affordability, Sales Improving
Housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions, according to the latest quarterly report by the National Association of Realtors®. Mortgage Settlement: Details May Not Yet Be Finalized, Says American Banker
A source has told American Banker that the terms of this week's massive national mortgage servicing settlement have not been finalized, and that politics drove Thursday's announcement
