Housing crash slows in 6 major cities, including Las Vegas

Housing crash slows in 6 major cities, including Las Vegas
The U.S. housing market looks like a scorched landscape.
Read more on Reno Gazette-Journal

A look at economic developments and activity in major stock markets around the world

A look at economic developments and activity in major stock markets around the world
JOHANNESBURG — Europe and the United States have failed to strengthen the institutions responsible for the global economic crisis, the IMF said in a report suggesting the U.S. privatize mortgage giants Freddie Mac and Fannie Mae.
Read more on Minneapolis-St. Paul Star Tribune

Kennedy Wilson Refinances Major Northern California Apartment Building

Kennedy Wilson Refinances Major Northern California Apartment Building
BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Kennedy Wilson (NYSE: KW) today announced that the company has replaced the existing financing on Summer House Apartments.
Read more on Business Wire

New Changes in the Reverse Mortgage Has Been a Major Improvement for Seniors

The first major change that took place is the amount charge on the origination fees, prior to the change the fee was 2% of the appraised value with no cap. Now it has been change to a maximum of $5,950 which relates to 2% of the first $200,000 and 1% of each hundred to maximum [...]

British banking faces major makeover

British banking faces major makeover
Britain’s retail banking sector is in the midst of a major makeover as lenders post sharply-improved earnings, bosses relinquish bonuses and new players prepare to join a recovering market.
Read more on AFP via Yahoo! News