Staff Reporter

  • Goldman Sachs Urges Supreme Court to End Mortgage Class-Action Lawsuit
    Goldman Sachs Group Inc has urged the U.S. Supreme Court to throw out a mortgage securities class-action lawsuit that it said could cost Wall Street tens of billions of dollars.
  • 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.
  • What happened to Smart Home Appliances?
    The reluctance of utilities and makers of appliances and intelligent meters to develop demand response systems undermines a core motive in a massive smart meter rollout in Europe.
  • Goldman Urges Supreme Court to End Mortgage Class-Action
    Goldman Sachs Group Inc has urged the U.S. Supreme Court to throw out a mortgage securities class-action lawsuit that it said could cost Wall Street tens of billions of dollars.
  • NY Governor Warns Insurers Note to Charge Hurricane Deductibles
    The governors of New York, New Jersey and other U.S. states said on Wednesday that insurance companies should not charge hurricane deductibles that cost tens of thousands of dollars to state homeowners who file claims for damage from Sandy because it was labeled a "post-tropical storm" by the time it hit land.
  • Homeowners Dodge Sandy Deductibles, Face Other Costs
    When the National Hurricane Center declared Sandy a "post-tropical storm" just before it made landfall, a lot of homeowners across New Jersey, New York, Connecticut and Maryland may have saved a lot of money. The governors of these states have told insurance companies that because the storm was not classified as a hurricane, the insurers can't enforce costly hurricane deductibles on storm-related claims.
  • How to Protect Your Hurricane Sandy Insurance Claims
    For some homeowners, the aftermath of Hurricane Sandy could bring a whole second round of troubles. After the storm passes, they may have to negotiate with their insurers to get the cash they need to repair wind and water damage.
  • UK Police Might Sell New Scotland Yard Headquarters
    London's cash-strapped police force may sell its New Scotland Yard headquarters as part of plans to save 500 million pounds ($800 million).
  • 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.
  • Home Prices Climb Further in August
    Home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday.
  • Home Vacancy Falls to Pre-Housing Bubble Levels
    The home vacancy rate, which measures empty properties and those for sale, fell to the lowest level in seven years in the third quarter as demand for housing picked up and economic pressures eased.
  • Monster Storm Sandy Leaves New York, Eastern U.S. Crippled
    Millions of people were left reeling in the aftermath of monster storm Sandy on Tuesday as New York City and a wide swathe of the eastern United States struggled with epic flooding and massive power outages.
  • Don't Like Your House? Consider 'Swapping' With Your Parents
    Ed Zwirner and his wife, Alison Loeppert, recently bought an historic house in the Chicago suburbs without brokers' fees, tight moving deadlines, undetected defects or other stresses that accompany one of life's biggest purchases. At the same time, Loeppert's parents made a similar move.
  • Cubans Start Cleanup of Hurricane Sandy Destruction
    A day after Hurricane Sandy shattered Santiago de Cuba, retiree Rosa Maria remembered the sound of the storm as it battered her home in the city center.
  • Insurers Must Set Aside More Capotal for Mortages
    Insurers must set aside more capital against their mortgage-related investments to protect against possible future downturns in the housing market, state regulators agreed on Friday.
  • Mitsubshi Targets Growth of Tiny Property Funding Business
    Japan's top trading house Mitsubishi Corp is expanding its small real estate financing business to benefit from rising property purchases by foreign investors in the country and an expected jump in refinancing of loans, a senior executive said.
  • Los Angeles Greenlights $1.2 Billion Football Stadium
    The Los Angeles City Council on Friday approved a $1.2 billion plan to build a downtown football stadium, moving America's second most populous city closer than it's been in nearly two decades to having a professional football team.
  • Disaster-Proofed Homeowners Aren't Sweating Sandy
    Hurricane Sandy is charging up the East Coast as a cold front is tearing across the U.S. from the west and an arctic blast is barreling down from the north.
  • Fannie Mae, Freddie Need Less Government Funding
    Fannie Mae and Freddie Mac are expected to require less taxpayer aid and may be able to stop tapping government coffers as early as next year, the U.S. housing regulator said on Friday, partly because the health of the bailed-out companies has improved.
  • Happy-ish Thoughts About Investing in Housing
    While most of the recent news on housing seems to indicate a modest turnaround - like yesterday's report that pending home sales rose but at a slower than expected rate - you still have to be selective in how you invest. A resurgence may not be a sustainable, nor will every area benefit.
  • Pending Home Sales Rise Modestly in September
    Contracts to buy previously owned homes rose far less than expected in September, an industry group said on Thursday, but the data continued to point to an improving tone in the housing market.
  • Microsoft Surface Tablet Release Date to Compete with Apple iPad Mini? (WATCH VIDEO AND SEE PICTURES)
    Microsoft revealed the features of its Surface Tablet on Tuesday, making available it's pricing, availability and specs.
  • ACLU Sues Morgan Stanley for Bias in Mortgage Business
    The American Civil Liberties Union sued Morgan Stanley on Monday, alleging racial discrimination over packaging subprime mortgage loans into securities.
  • Realogy Sets IPO Terms, Valued at up to $3.5 Billion
    Apollo-backed Realogy Holdings Corp plans to sell 40 million shares in its initial public offering at between $23 and $27 each, valuing the real estate services company at up to $3.51 billion.
  • Ed Sullivan's Connecticut Home Listed
    The Southbury country home of iconic television host Ed Sullivan is listed The Southbury country home of iconic television host Ed Sullivan is listed. The 4-bedroom, 3-bath house at 367 North George Hill Rd, Southbury, CT, situated on almost 2 acres, is for sale for $460,000.
  • Real Estate Wave Helps an IPO Avoid Tech Wipeout
    A real estate wave helped an initial public offering avoid a tech wipeout. Newly listed shares of Trulia, an online property listing service, popped by over 40 percent in their debut on Thursday.
  • London Luxury Market Poised for Growth Despite Cash Crunch
    There is growing demand for luxury projects in prime London locations London is a sought-after destination for international clients hoping to invest in residential properties.
  • Homes With Foreclosure Tag Left to Rot
    A majority of Foreclosure properties have been abandoned and left to rot for more than two years, thereby reducing property prices and investment potential in these areas.
  • Foreclosure Property Sales drop in Q2
    In the second quarter, foreclosure sales accounted for 23 percent of total sales in the U.S., but the drop in inventory of foreclosure homes has escalated the average foreclosure-related sales price.
  • Pending Home Sales Figures of July Pep Up Market
    Infusing additional energy into a market that’s on a rebound, the National Association of Realtors (NAR) released its July pending home sales data, which showed that more Americans have signed contracts to buy a house.
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