Finance & Mortgage
Department of Justice Investigating JPMorgan on Bear Stearns' Mortgage Products
Rising Home Prices Rescue a Number of American Underwater Home Owners
China restates plan to extend property tax programme to new cities
EDITOR'S PICKS
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Developers Apologize After Accidentially Demolishing House Where AC/DC Got Together
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US Housing Affordability Unlikely To Improve Until Prices Fall 40%, Wages Increase 70%: Expert
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Meghan Markle And Prince Harry's Montecito Mansion Now Valued At $29M
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US Housing Supply Hit Four-Year High - But Only Because Homes Are Failing To Find Buyers
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. Investors’ Confidence in Private Real Estate Funds Rises, Preqin Report
In a survey conducted by alternative asset research company, Preqin, it was revealed that investment in private real estate fund was growing and investors’ confidence in the sector was returning. Gleacher & Co Inc. Sells Its Mortgage Branch
Gleacher & Co. Inc. said it is selling ClearPoint Funding Inc., its mortgage branch, to Ocwen Financial Corp., Reuters reported. Swiss Banks to Hold Extra Capital to Cover Mortgage Risks
The Government of Switzerland has made it mandatory for all the banks of the country to hold extra capital to cover the risk of mortgage loan default. The decision comes in the wake of fears of an emerging housing bubble in the country. Obama State Of The Union Addresses Housing Plans, But New Bill Remains Stalled
At the State Of The Union, President Obama brought up the bill in Congress that would give homeowners a $3,000 savings per year if they refinance at current low rates. It was pushed early last year, but keeps getting stalled over partisanship.
