News

Mortgage Applications Picked up Last Week : MBA

Applications for U.S. home mortgages gained last week after seven straight weeks of declines, helped by a jump in purchase demand as interest rates retreated, an industry group said on Wednesday.

Deteriorating Conditions Force Housing Downgrade in Australia

The autumn Outlook confirms deteriorating conditions for the housing industry in the final quarter of 2011 and into 2012, with the evidence prompting a further downgrade in terms of forecasts for new home building levels.

Exclusive : Interest in Eurohypo Loan Sale Running High

A $740 million portfolio of performing loans held by failed German bank Eurohypo AG on U.S. properties has attracted more than 100 prospective buyers, several sources said on Tuesday.