News
SunTrust Mortgage settles racial lawsuit for $21 Mln
Low mortgage rates attract more short-term borrowers
Report: Blackstone, Morgan Stanley to acquire Lloyds Australia loans
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?
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. Dubai Nakheel reports $98.6 Mln profit in first quarter
Dubai Nakheel, the state-controlled builder of artificial islands off Dubai’s coast, reported a first-quarter profit after a year-earlier loss as it delivered more completed properties to buyers and cut costs. "Flip This": foreclosed homes attract investors
At the height of the housing bubble, the practice of "flipping" homes - buying them for cheap, fixing them up and reselling them for a quick profit - was popular enough to inspire its own TV show. TEXT-S&P Summary: Evergrande Real Estate Group Ltd.
The rating on Evergrande Real Estate Group Ltd. reflects the company's aggressive growth appetite, debt-funded expansion, short operating and financial management track record as a large-scale developer, and weak corporate governance history. Evergrande's high-volume and large-project-size business model could expose the company to execution risk in small markets. The company's large, low-cost, and geographically diversified land bank, competitively priced products, and good execution because... TEXT-S&P cuts Swedish Stena AB to 'BB'; outlook stable
The expected improvement predominantly reflects the last drilling ship that will begin operating in the second quarter, and the LNG vessels that will contribute through the full year. We anticipate some modest improvement in the group's ratio of adjusted FFO to debt in 2013.
