Finance & Mortgage
Barclays Joins UK Mortgage Rate Reduction Stream
BOFA to Sell Rights to Service $300 Billion Loans
HSBC Reveals New Mortgage Rates for Prospective Investors
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?
In a recent Nationwide study, it was observed that the total housing prices in the U.K. has witnessed a 1 percent slump over the year 2012. Price fluctuations displayed a regional divide. London was observed to be the strongest performing area in the depressed market condition. U.S. Construction Spending Analyzed, Markets to Gain Momentum in Latter Half of 2013
Construction spending in the country went down in November 2012. However, the rates witnessed a growth when compared to the percentage of the previous year at the same time period. Experts believe that with the conclusions of the tax decision, the housing and construction markets will accelerate by the second half of 2013. Nationwide Broadens Mortgage Borrowings Rate to UK Home Buyers
Nationwide Building Society announced it will provide a 95 percent mortgage loan to new home buyers on a condition that they would contribute a sum of money at regular intervals to their savings account for the mortgage. Fannie, Freddie May Have Lost $3 Billion in Libor
Mortgage finance giants Fannie Mae and Freddie Mac may have suffered more than $3 billion in losses due to manipulation of the benchmark interest rate known as Libor, according to an internal memo by a federal watchdog. U.S. Agency Sues JPMorgan Over Mortgage Securities
The U.S. credit union regulator sued JPMorgan Securities and Bear Stearns & Co on Monday over $3.6 billion in mortgage securities the bank allegedly sold to credit unions that collapsed because of losses from the securities. SEC Has Examined Bank of America Mortgage Repurches
Securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp's Countrywide unit, according to a transcript filed in a lawsuit against the bank by insurer MBIA Inc. Bank of America CEO Moynihan: Don't be Quick to Ditch Fannie and Freddie
Bank of America Chief Executive Brian Moynihan on Friday said the taxpayer-supported mortgage giants, Fannie Mae and Freddie Mac, should not be eliminated as policymakers calibrate the right balance of government support for home buying. California Lumberyards Against 1 Percent Tax Hike
A recent hike of 1 percent tax hike proposed by the governor of California has upset lumber sellers as they are afraid it will affect business Federal Clampdown Looming on Reverse Mortgages
The federal government is proposing to make big changes to its reverse mortgage program early next year that should make the loans safer for seniors who use them to tap home equity. Toll Brothers Results Indicate Steady Housing Recovery
Toll Brothers Inc, the largest luxury homebuilder in the United States, reported a higher quarterly profit and said new orders rose sharply, indicating that the U.S. housing market is well on its way to recovery.
