News
UK House Prices Rise on Scarcity and London Effect: Hometrack
Ambac sues JPMorgan over mortgage losses
Goldman Sachs Eyes $3 BIL Property Debt Fund : Report
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?
Insight : Bank Stampede Keeps Spanish Real Estate on the Ropes When Jose Morales travelled up from Granada in southern Spain in February to look at a new apartment in the Madrid satellite town of Sesena, he was greeted by long queues of mostly young people outside the sales office. Landlords Resist Temptation of Short-term Olympic Lets
There is little evidence that landlords are hoping to cash in on Olympic demand, with the vast majority focusing on keeping good tenants in place amid uncertainty over the job market and the wider economy, reports property consultants Cluttons. Marylebone Leads House Price Growth in Central London
Prime property prices in central London increased a further 1.1% in March taking the annual increase to 11.3%, according to the latest index from Knight Frank. Residential Property Market in Dubai Sees Stability And Growth in Some Locations
Residential sales transactions saw a natural increase in January and February 2012 as mortgage lenders compete to offer the most attractivepackages, according to the latest real estate report from Cluttons. Teachers Credit Union Now A Bank; Lenders Jack Up Fixed Mortgage Rate
Due to the rising dissatisfaction level among Australians with large banks, more people are bringing their business to credit unions. As a result of this change, a number of Aussie credit unions are becoming banks. AIG Looking at Buying Home Loans: FT
Bailed-out insurer American International Group (AIG.N) is looking at the possibility of purchasing whole loans as another investment vehicle, leveraging the growing market share of its mortgage insurance business, the company's chief executive said in an interview with the Financial Times. Brazil's PDG Realty to Sell $77 Mln in Debt
PDG Realty, Brazil's biggest homebuilder, said on Friday it will sell 140 million reais ($77 million) in debentures non-convertible for shares to financeinvestment and boost the company's cash position. Former Goldman Sachs Executive Lands Lucrative Book Deal-report
Greg Smith, the former Goldman Sachs executive who condemned the powerful investment bank in a scathing New York Times opinion column, has landed a deal to write a book about his 12 years at the firm, according to media reports on Friday. Bad Assets Overshadow Banks' Huge Profits
When asked by reporters on March 15 about how he perceived the huge profits of China's banking industry last year while the private sector was foundering on a shortage of bank loans, Zhou Xiaochuan, governor of People's Bank of China, said he thought banks' staggering profits were a natural result of readjustment of economic cycles. Low-income Housing Surge Will Ease Market Slump
The outlook for China's real estate market remains sluggish this year, after Premier Wen Jiabaopresented the government's resolution on the issue at the National People's Congress in March. Current restrictions on house-buying will not be eased in the short term, the resolution said.
