Finance & Mortgage
ING Group Selling $2 Billion in Mortgage Bonds from ING Australia Bank, Australia's Fifth Largest Mortgage Lender
Bank of America, JP Morgan, Wells Fargo Hurrying Homeowner Aid After Mortgage Fraud Fiasco; Deadline Feb. 28
Fresno Seeing Commercial Real Estate Boost
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?
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. Rise in Prices Leads Chinese Government to Curb Home Purchases
According to a survey conducted by the National Bureau of Statistics (NBS), average home prices in China rose the highest in January 2013, when compared to the figures of the same period in 2012. This is leading the Chinese regulators to tighten real estate speculations in the country. Otak Inc. Founder Othman launches New Real Estate Investment and Consulting Firm
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.
