Eurozone crisis will mean higher mortgages in the UK, Bank of England warns
Millions of home owners in the UK are facing sharp rises in mortgage rates as a result of the chaos in the Eurozone, according to the Bank of England. The ...
BofA offering up to $30K for short sales
NEW YORK (CNNMoney) — Bank of America is offering some struggling home owners payments of up to $30,000 if they sell their homes in a short sale and avoid ending ...
$87 Million California Mansion Up For Bankruptcy Auction [PHOTOS]
An extravagant Los Angeles mansion, once valued at a staggering $87 million, will hit the market Thursday for a fraction of that price. Perched on a hilltop of Newport coast ...
Underwater owners get promise of help
(MONEY Magazine) — If falling prices have left you with a mortgage larger than your home’s value, you may soon be able to refinance at a lower rate. To settle ...
Fed to banks: Rent out more foreclosures
The Federal Reserve took steps to encourage banks to turn more of their foreclosed homes into rental properties in new policy guidelines issued on Thursday that could help lessen ...
10 fastest growing U.S. cities
Charlotte initially made its mark as a transportation hub, but these days the banking industry reigns. Charlotte is the “second largest financial center in the nation, after New York,” stated ...
The $26 billion crapshoot
Homeowners hoping the $26 billion foreclosure abuse settlement would mean huge savings on their mortgages were mostly disappointed. Even though a million borrowers will have their principals slashed by as ...
China Will Have a Soft Landing Says IMF Official
The Chinese housing market and wider economy will descend into a soft landing according to a senior official with the International Monetary Fund with in-depth knowledge of the Chinese economy. ...
Berkeley Group on Track to Double Profits
The Berkeley Group Holdings, a residential-led property developer, is well placed to double its profits before tax around £220 million by 30 April 2013, two years earlier than originally planned ...
Will the $26 Billion Mortgage Settlement Help You?
The big $26 billion mortgage settlement between says and banks is designed to help millions of American home owners — but not everyone is eligible. Here’s a guide to how ...
Atlanta’s Bank of America Plaza Set for Foreclosure Auction
Bank of America Plaza, the tallest building in Atlanta, will be sold in a foreclosure auction Tuesday, reflecting continued turmoil in the local real estate market, Bloomberg reported. Owner BentleyForbes ...
Anger Understood, But Banks Not Cavalier: ABA
Five days out from the RBA’s next cash rate decision, Australian banks are again flagging that they may stay put on rates. The Australian Bankers’ Association has sought to defend ...
JPMorgan CEO states foreclosure deal threatened
JPMorgan Chase & Co Chief Executive Jamie Dimon stated President Barack Obama’s decision to expand investigations into home lending and sales of mortgage securities could stop settlement speaks with ...
PETA Seeks O.J. Simpson’s Foreclosed Home for "Meat is Murder" Museum
PETA, the animal rights group, is seeking O.J. Simpson’s Florida home from JPMorgan Chase for a “Meat is Murder” museum. Virginia-based PETA sent a letter to Jamie Dimon, JPMorgan Chase’s CEO, ...
PETA asks Jamie Dimon for O.J.’s house
O.J. Simpson’s Kendall, Fla. home. NEW YORK (CNNMoney) — PETA wants O.J. Simpson’s house. To set up a “Meat Is Murder” museum, of course. In a letter addressed to Jaime ...
Australian REITs likely to be strongest in Asia Pacific in 2012
Australian property trusts are likely to deliver a total return of 12 to 15% this year, outperforming local equities and other Asia-Pacific property markets, analysts said. Australian REITs have proved ...
Government ready to intervene on housing, but not now: Flaherty
The Canadian government is watching the housing market closely and is ready to intervene if necessary, but is not about to do so now, Finance Minister Jim Flaherty stated on ...
Scotland has the UK’s most inexpensive housing, survey shows
Mortgage payments for a new borrower in Scotland during the second half of 2011 were at their lowest as a proportion of disposable earnings for nine years, according to new ...
US IRS revives off-shore tax dodger forgiveness
The U.S. Internal Revenue Service on Monday stated it was reopening an off-shore voluntary disclosure program for U.S. taxpayers who have evaded taxes by hiding money in secret bank ...
Lehman Battles Bank of America, Barclays Over Archstone Sale
The estate of Lehman Brothers is battling Bank of America and Barclays in court over their pending sale of a huge stake in Archstone, the massive multi-family housing landlord that ...
Westpac Reclassifies $28.8 Billion Mortgages
Westpac Bank (ASX: WBC), in a filing with the Australian Stock Exchange, stated that it reclassified the allocation of loan purpose between owner-occupied and investment housing to better reflect the ...
Georgia Couple Uses Music Video to Shame Bank of America into Closing on Mortgage Loan [VIDEO]
One Georgia couple has proved there is one medium huge enough to tackle the likes of Bank of America: the Internet. After being strung along for months as Bank of ...
Bank of Melbourne Moves Fixed Rate Peg
Bank of Melbourne has reduced fixed rates, only a week after offering to price match any other major. The new Victorian Westpac brand’s 3-year fixed rate now sits at 6.09% ...
Don’t Expect Banks to Follow RBA: Kelly
Westpac chief Gail Kelly has joined the chorus of bankers warning borrowers may not be so lucky after the next RBA cut. After several days of stalling, the huge banks ...
Household debt swells to record high
The debt burden on Canadian households rose to a record high in the third quarter as mortgage and consumer credit increased but the net worth of households fell, Statistics Canada ...
Morgan Stanley Returns $700 Million to Real Estate Fund Investors
Morgan Stanley has returned $700 million to investors after its main real estate fund performed weaker than expected, reported The Wall Street Journal. The Morgan Stanley Real Estate Fund (MSREF) ...
Sheila Bair Said to be Lead Candidate to Monitor Foreclosure Settlement
Sheila Bair, former chairwoman of the Federal Deposit Insurance Corp. (FDIC), is the leading candidate to monitor banks during a nation-wide foreclosure settlement, according to Bloomberg News. The position would have ...
Bank of America Agrees to $315 Million Merrill Lynch Mortgage Settlement
Investors, including the Public Employees’ Retirement System of Mississippi pension fund, said Merrill Lynch misled them about $16.5 billion in securities, which went bad during the financial crisis. Bernstein Litowitz ...
Aussie Mortgage Applicants Rise 18.4% in November
Mortgage applications filed and processed in Australia shot up dramatically in November, according to a mortgage broker, the Australian Finance Group (AFG) . AFG has registered an 18.4 per cent increase in ...
IRS may owe you money
Mpi / Hulton Archive via Getty Images Uncle Sam may have some money for you About 100,000 Americans have a reason to look forward to contacting the Internal Revenue Service: ...