Finance & Mortgage
Fresno Seeing Commercial Real Estate Boost
Iron Chef, Michael Symon Lists SoHo Penthouse for $3.5 Million
Rise in Prices Leads Chinese Government to Curb Home Purchases
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?
Nawzad Othman, former CEO of global engineering firm, Otak Inc recently announced the launching of a new international real estate investment firm – The Othman Group on Wed, Feb 20, 2013 in Portland, Oregon in a press release. The new company will primarily aim at meeting needs of clients from the Middle East and the Pacific Northwest. Department of Justice Investigating JPMorgan on Bear Stearns' Mortgage Products
JPMorgan is in deep water. The United States Justice Department is investigating their role in misleading clients about mortgage products, Reuters reported. Rising Home Prices Rescue a Number of American Underwater Home Owners
The rising prices of homes in America are rescuing more number of underwater homeowners from their debts. The rebounding market, low mortgage rates and increasing prices have dragged a number of underwater homeowners to rise above their debt. New home buyers are now able to sell off their old homes at a greater price to fund their mortgage loans, enabling them to cover the loan more effectively. China restates plan to extend property tax programme to new cities
China's cabinet on Wednesday restated its intention to extend a pilot property tax programme to more cities and urged local authorities again to put price control targets on new homes, in the latest effort to calm frothy real estate markets. New Casino Files for Bankruptcy, Struggling with Debt in just One Year
New Jersey Casino, Revel, said it will file for bankruptcy after being open for just one year. The $2.4 billion Atlantic City casino accumulated $1.5 billion in debt and was failing to turn a profit. JPMorgan Chase To Sell Melbourne Mortgage Banking Program
JPMorgan Chase announced it will sell Melbourne mortgage banking, reported Florida Today. JPMorgan Chase announced it will sell Melbourne mortgage banking, reported Florida Today. Mortgage Refinance Bill Set Before Strongly Divided Congress
The mortgage refinance bill that could give relief to millions of homeowners each year , according to supporters, is set before a strongly divided Congress, The Associated Press reported. Spanish Real Estate Group, Reyal Urbis SA's Bankruptcy Could Be Second-Largest in Country
A Spanish real estate group filed for bankruptcy on Tuesday. It's expected to be second largest bankruptcy with 3.6 billion euros in debt, reported Marketwatch. Home Prices Hit Record 5 Year High in UK as Sellers Increase Prices in Sight of Housing Boom
With the U.K. economy in recovery, a housing boom might be around the corner. According to a report by Rightmove PLC, an online real estate agency, house prices hit five-year-highs in February 2013. Home sellers have raised prices of properties in sight of the approaching boom. New Development Projects Drive Lend Lease Profits Up 39 percent
Lend Lease, the largest property building firm in Australia has recorded a high profit of 39 percent at the end of December 2012. The notable profit seems to source from two prominent development projects that the company has taken on - The Barangaroo South Development Project in Sydney and a redevelopment project in London.
