Investing

Home Builders Announce Housing Finance System Reform Plan

The National Association of Home Builders (NAHB) today announced a new comprehensive framework for housing finance system reform that would transition Fannie Mae and Freddie Mac to a new mortgage securitization system for single-family and multifamily conventional mortgages.

Moody's Downgrades Wells Fargo Servicer Rating on Loan Performance

The deteriorating performance of certain prime and subprime loans serviced by Wells Fargo ($31.54 0.25%) prompted Moody's Investors Service to downgrade the bank's servicer ratings.

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.