News

Mortgage Restrictions to be Levied on Foreign Investors in Dubai

The Central Bank of U.A.E has limited the percentage of mortgage amount borrowing to 50 percent for foreign investors. Reasons attributed for the cap was to control aggressive lending that was causing bad debts for the banking sector.

Major Borrowers to Reduce Bank Deposits

Wall Street dealers expect hedge funds, insurance companies and other borrowers to pull some cash from commercial banks when a financial crisis-era deposit insurance program expires at the end of the year, the Federal Reserve said on Thursday.

Home Prices Rose For Ninth Straight Month

U.S. single-family home prices rose in October for nine months in a row, reinforcing the view the domestic real estate market is improving and should bolster the economy in 2013, a closely watched survey showed on Wednesday.