News

Spanish banks' higher real estate cover: A big but necessary step forward

Fitch Ratings says in a newly-published report that the new coverage levels for real estate (RE) assets required by the Spanish government is a big but necessary step forward and there are significant challenges ahead.

30-Year Fixed Mortgage Rate Clears 4%: Freddie Mac

Interest rates on the 30-year, fixed-rate mortgage rose above 4 percent for the first time since October 2011, following increases in bond yields, Freddie Mac reported.

World Water Day 2012: A Reality Check [PHOTOS]

World Water Day is celebrated every year on 22 March. World Water Day is celebrated across the globe on 22 March and a variety of events are organised in several countries to create awareness about preserving the fast depleting sources of drinking water.