News

HUD grants $42 million in housing counseling funds

The Department of Housing and Urban Development is awarding more than $42 million in housing counseling grant funding to support home buyers and to prevent future foreclosures, the department said on Friday.

Fed Revises Stress Test Losses

The Federal Reserve bank said on Friday it had made mistakes in calculating bank losses in stress test results released this week.

Egyptian Resorts Posts Narrower Full-year Loss

Real estate company Egyptian Resorts posted a narrower full-year loss, helped by new revenue from its Sawari project on the Red Sea.