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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?
Standard & Poor's Ratings Services today assigned its 'A-' rating to the $1 billion of 3.85% senior notes due Feb. 1, 2023, issued by Boston Properties L.P. (Boston Properties), a subsidiary of Boston Properties Inc. The company plans to use proceeds from the offering for general corporate purposes, which could include the repayment of debt maturities (which total $759 million in 2013) and investment opportunities such as property acquisitions and development. SunTrust Mortgage settles racial lawsuit for $21 Mln
SunTrust Mortgage has agreed to pay $21 million to settle a federal lawsuit alleging racial discrimination in its lending practices against Hispanics and African Americans. Low mortgage rates attract more short-term borrowers
As mortgage rates drop to record lows, more homeowners are refinancing into 15-year loans in a bid to pay off their debt in time for retirement. Report: Blackstone, Morgan Stanley to acquire Lloyds Australia loans
Morgan Stanley and private equity giant Blackstone are close to buying AUS$2 billion worth of distressed commercial property debt being offered for sale by Lloyds Banking Group for about AUS $640 million ($621 million), according to reports. Norway's housing prices rise 0.1 Pct in May
Norway’s seasonally adjusted housing prices increased by 0.1 percent in May compared to April, according to a report released by real estate industry associations on Friday. TEXT - Fitch rates Jebel Ali Free Zone FZE 'B'/RWP pending proposed refinancing
Fitch Ratings has assigned the Jebel Ali Free Zone FZE (JAFZ) a Long-term Issuer Default Rating (IDR) of 'B'. The IDR is initiated on Rating Watch Positive (RWP), pending conclusion of the current refinancing. A successful conclusion of the refinancing as discussed below would result in an upgrade to 'B+' with a Stable Outlook. A harsh lesson on charitable contributions
A California entrepreneur got a harsh lesson on the rules of charitable contributions this week when the U.S. Tax Court denied his $18.5 million deduction for real estate donations -not because he inflated their values, but because he didn't follow the rules. Jennifer Aniston’s Sleek New $21 Million House in Bel Air
Gotta say I was kind of disappointed to see the new house Jennifer Aniston just bought in Bel Air, California. It’s a little “chilly” for me, and if I had $21 million to spend, this is probably not what I’d spend it on. European commercial landlords unable to pay loans: Moody
Landlords of commercial properties in Europe are under pressure to repay mortgages as banks withdraw from refinancing the loans, according to Moody’s Investors Service. Mortgage rates fall to record lows: 15-Year Below 3 Pct
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.
