Home

Multi-million dollar resort on Dubai’s World island project cancelled

A five star villa resort located on one of the man made islands on Nakheel's The World development in Dubai is set to be cancelled by the emirate's real estate regulator, it is reported.

Fannie Mae and Bank of America's Bad Romance; Mortgage Meltdown Killed Relationship

Like scorned lovers, Bank of America (NYSE:BAC) and Fannie Mae, the government-controlled mortgage giant, are having a very public falling out.

Buffett: House ‘Attractive Investment’

What does Warren Buffett, one of the richest men on earth and one of the greatest investors ever say about buying homes? Yesterday on CNBC's program "Squawk Box" Mr. Buffet said that if it were practical he would buy a "couple hundred thousand of them." When asked about whether buyers should get into the market Buffett said, "If I knew where I wanted to live the next 5-10 years I would get a 30 year fixed mortgage and buy a home."