Finance & Mortgage

From Bankers to Cage-Dwellers, KH Feels Property Price Squeeze

In a cramped space on the fifth floor of an old industrial building in Hong Kong, Huang Shaochang and his wife live in some of the priciest real estate per square foot in the world - a 35-square feet room with a bunk bed and small TV.

MetLife to Sell Mortgage Servicing Portfolio to JP Morgan

MetLife Inc, the largest U.S. life insurer, said it will sell MetLife Bank's mortgage servicing portfolio to a unit of JPMorgan Chase & Co for an undisclosed amount, as it looks to exit its bank holding structure.

Mortage Applications Down, Refinancing Demand Slows

Applications for home mortgages fell last week as demand for refinancing tumbled for the fourth week in a row, an industry group said on Wednesday, although other recent data has indicated the housing market is improving.
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