Finance & Mortgage
'JPMorgan Chase Cutting 19,000 Jobs from Mortgage and Community Banking Units
'Spain's Century-Old Mortgage Law Calls For Change From Evicted Homeowners
'Sequestration Could Severely Impact Recovering Housing Market
EDITOR'S PICKS
-
Residents of a Chicago Mobile Home Park To Lose Water Access Days Before Thanksgiving
-
Dozens Left Homeless After Apartment Fire Sparks In Durham
-
Homebuying 101: 5 Red Flags To Watch Out For
-
US Home Prices on the Rise: Here's Where Houses Are the Priciest
-
Real Estate: 3 Things To Know Before You Start Investing
-
The Finance minister of Singapore, Tharman Shanmugaratnam announced on Monday, Feb 25 that the government will be increasing the tax rates for wealthy homeowners in the country. The tax hikes are a part of the 2013 budget announcement. The step comes as an effort to make the tax system more effective. -
' Dismal Outlook on British House Prices Only Adds to Gloomy Economy
A poll released today by Reuters concludes dismal predictions for British house prices. The prices are expected to stagnate by the end of this year. -
'Commercial Real Estate Market Recovering Slowly
The National Association of Realtors' Commercial Real Estate Outlook, NAR, reported today that the commercial real estate market is recovering slowly, according to AGBeat. -
'BBA Says UK Mortgage Approvals hit Record Lows in January
U.K. mortgage approvals and personal loan levels have been highly affected due to the bad weather in January 2013. The British Bankers’ Association (BBA) said on Monday, Feb 25, said that mortgage approval rates had declined unexpectedly in the country. They also added that overdraft and loan repayments exceeded fresh loan applications and borrowings. -
'U.S. Federal Reserve's Monetary Policy Raising Concerns of Asset Bubble
The U.S. Federal reserve’s monetary policy has kicked off speculation among experts in the industry about an emerging asset and economic bubble in the country. However, Ben S. Bernanke, Chairman of the reserve has waved away all the concerns claiming that the policy has spurred construction jobs throughout the country and it would not be taking the policy down anytime soon. -
'Saudi Arabian Mortgage Law Regulations Almost Complete
The Government of Saudi Arabia has finished working on three of the five mortgage laws that it had finalized to ease the shortage of housing in the country. Outlines of the three new regulations were posted Sunday, Feb 24, on the website of Saudi Arabian Monetary Agency (SAMA).The three outlined legislations include- Regulations of the real estate financial law, Regulations of the financial lease law and the regulations of the law on supervision of finance companies. -
'Bay Area Man Charged with Foreclosure Rescue Scheme
A Northern California man has been accused of operating a foreclosure rescue scheme in which he exploited bankruptcy laws in order to delay home seizures by lenders, according to reports. -
'Hong Kong Increasing Stamp Duties To Prevent Real Estate Bubble
To avoid a real estate bubble, Hong Kong is pressing for higher stamp duties to restrict home loans, reported Reuters. -
'ING Group Selling $2 Billion in Mortgage Bonds from ING Australia Bank, Australia's Fifth Largest Mortgage Lender
ING Group, announced it may sell $2 billion in mortgage bonds from its Australian branch, reported Bloomberg. -
'Bank of America, JP Morgan, Wells Fargo Hurrying Homeowner Aid After Mortgage Fraud Fiasco; Deadline Feb. 28
Five major banks involved in last year's mortgage fraud are generously completing their requirements in a government settlement and hastening to resolve aid to affected homeowners by the end of this month, reported Bloomberg. -
'Fresno Seeing Commercial Real Estate Boost
The commercial real estate industry is looking better these days for Fresno, Calif., one of the state's largest cities. The first building since 2008 is being constructed and is expecting to bring dozens of well paying jobs with it, reported ABC30. -
'Iron Chef, Michael Symon Lists SoHo Penthouse for $3.5 Million
Award winning American chef/restaurateur, Michael Symon has listed his Penthouse in the SoHo neighborhood of New York on the open market with an asking price of $3.5 million. He has also purchased another penthouse in the Gramercy Park area of New York for $2.7 million.
