Staff Reporter

  • Lean skyscrapers are Trending
    Developers are now attracting their clients with tooth pick skyscrapers with some astonishing views.
  • FHA to Shore Up Cash in Bid to Stave Off Bailout
    The Federal Housing Administration, facing a $16.3 billion deficit, will increase mortgage fees next year and take other steps in an effort to avoid a taxpayer bailout, the Obama administration said on Friday.
  • New York Warns Wells Fargo About Sandy Mortgage Delays
    New York Attorney General Eric Schneiderman on Friday warned Wells Fargo & Co that the U.S. bank's policy to delay mortgage modification decisions in states affected by Hurricane Sandy likely violates a national mortgage settlement.
  • JP Morgan, Credit Suisse Settle SEC Cases for $417 Million
    JPMorgan Chase & Co and Credit Suisse Group will pay a combined $416.9 million to settle U.S. civil charges that they fraudulently misled investors in residential mortgage-backed securities offerings.
  • Mortgage Delinquency Rate Falls in Third Quarter
    Fewer homeowners were behind on mortgage payments in the third quarter as the housing market recovery made progress, data from an industry group showed on Thursday.
  • Bernanke: Housing Not Yet Out of the Woods
    The improving housing market is "far from being out of the woods," Federal Reserve Chairman Ben Bernanke said on Thursday, arguing that overly tight lending standards are part of the problem.
  • Spain Suspends Home Evictions for Most Needy
    Spain approved measures on Thursday to help the most needy families facing eviction, a growing problem in the recession-bound nation highlighted last week by the suicide of a woman whose home bailiffs came to seize.
  • BOFA Tallies $15.8 Billion in Mortgage Aid to Struggling Borrowers
    About $15.8 billion in mortgage relief is making its way to 164,000 Bank of America Corp customers under a landmark settlement with state and federal officials, the bank said on Wednesday.
  • COLUMN: After Sandy Do You Still Want a Beach House?
    The scenes rolling in from the New Jersey shore are devastating, and not just to the people whose homes were destroyed. Also damaged are the "retire with a water view" dreams of others who had aspired to vacation property and may have been thinking about beach real estate - until they saw what a storm like Sandy can do.
  • Bank of Ireland Raises 1 Billion EUR in 'Milestone' Issue
    Bank of Ireland on Tuesday raised 1 billion euros ($1.27 billion) in its most significant bond issue in over three years, a move the country's finance minister described as a milestone for Ireland's battered banking sector.
  • Home Depot View Up as Housing Heals, Sandy Lift Looms
    Home Depot Inc raised its full-year outlook on Tuesday, even before considering any future sales lift from superstorm Sandy, as the retailer benefited from a recent uptick in the U.S. housing market.
  • Deutsche Bank Loses Bid to End U.S. Mortgage Lawsuit
    A U.S. judge on Monday rejected Deutsche Bank AG's bid to dismiss a federal regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.
  • AIG Keen to Sell Bank, Expand Mortgages
    American International Group Inc is planning to sell its savings and loan business as soon as a federal panel labels the insurance giant "too big to fail," its chief executive said on Monday.
  • Spain's Promises to Spare Needy From Eviction After Suicides
    Spanish Economy Minister Luis de Guindos promised on Monday that no needy family will go homeless over mortgage arrears, responding to public fury at a homeowner's suicide as she was being evicted.
  • PIMCO Flagship Fund Raises Treasury Holdings, Trims Mortgages
    PIMCO Total Return Fund, which is run by Bill Gross and ranks as the world's largest mutual fund, increased its exposure to U.S. government debt while continuing to trim mortgage holdings in October, data from the company's website showed on Friday.
  • Homeowners Return to Storm Devastation on NJ Island
    Homeowners return to an 18-mile (30-km) barrier island off New Jersey's Atlantic coast on Saturday, giving some of them their first view of the devastation wrought by Superstorm Sandy.
  • BOFA's Merrill Loses Bid to End FHFA Mortgage Lawsuit
    Merrill Lynch, part of Bank of America Corp, on Thursday lost its bid to dismiss a federal regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.
  • Breaking Groumd on Housing for LGBT Seniors
    Gay rights took a big stride forward in this week's elections, with voters in four states affirming the right of same-sex couples to marry. But here's an issue in the LGBT community that continues to fly under the radar: what happens to LGBT Americans when they get old?
  • JP Morgan Reaches Deal with SEC Staff on Two Mortgage Probes
    JPMorgan Chase & Co has reached an agreement in principle with the staff of the U.S. Securities and Exchange Commission to resolve two previously disclosed investigations related to mortgage-backed securities, the company disclosed in a quarterly filing on Thursday.
  • Ford Builds Plug-ins, 'Wild Focus' at Flexible Michigan Plant
    Ford Motor Co marked on Thursday the production launch of its latest plug-in hybrid at a former SUV factory that now serves as a model for the second-largest U.S. automaker's global manufacturing strategy.
  • Mortgage Applications Down as Sandy Hit Northeast
    Applications for home mortgages fell last week as Superstorm Sandy battered the East Coast and disrupted normal business activity for millions of people, an industry group said on Wednesday.
  • HSBC Eyes Sale of U.S. Loans to Speed Reshaping
    HSBC is nearing the sale of more than $6 billion of U.S. mortgages and other personal lending as part of its accelerated run-down of its troubled U.S. loans book.
  • China's Leadership Challenge in New Era Centers Around Housing
    In the mountain village of Yangchang in the backwater province of Guizhou in southwestern China, the roof of the Yang family home is cracked and about to cave in, held upright only by a few rickety tree trunks.
  • FEMA Still Provides Free Housing in Joplin, 18 Months After Tornado
    An affordable place to live in the wake of disasters such as superstorm Sandy can become a long-term benefit, as some survivors of the massive 2011 tornado in Joplin, Missouri, can attest.
  • 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.
  • Sandy Shutdowns Could Slam New York Office Market
    The breakdown in services that lingers in lower Manhattan a week after super-storm Sandy may make tenants think twice before moving to or re-leasing office space in the area whose rebirth since September 11, has been painfully slow, some brokers said.
  • Waiting for Housing to Drive the U.S. Economy
    The U.S. housing market is on the mend, but the so-called "missing piston" of the world's biggest economy doesn't have enough power to get the broader recovery firing on all cylinders any time soon.
  • Former FEMA Official to Head NYC Housing Recovery Effort
    New York Mayor Michael Bloomberg on Monday named a former Federal Emergency Management Agency official to lead the city's housing recovery effort after superstorm Sandy left tens of thousands of local residents homeless from flood damage or placed in shelters due to lack of power, water and heat.
  • Sandy Still Causing Nightmare Commute, Housing Crisis
    Most New York City schools reopened and millions of commuters fought huge crowds on public transportation on Monday, a week after superstorm Sandy devastated the U.S. Northeast and created lingering hardship for disaster victims as winter sets in.
  • Spanish Bad Bank Faces Struggle to Lure Property Investors
    Spain's "bad bank" will struggle to find buyers for swathes of empty land, unfinished housing projects and doubtful loans left over from a property crash, hindering Madrid's attempts to overcome the wider economic crisis.
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