Real Estate

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Wells Fargo Asked to Remove 2,300 Mortgage Jobs

Wells Fargo Asked to Remove 2,300 Mortgage Jobs

Recent updates from Wells Fargo & Co. (WFC), the biggest U. S. home lender, unveil that the company has been asked to remove 2,300 jobs in mortgage production.

The reason attributed for the same is that the refinancing has turned flaccid and this is speculated to reduce even more as interest rates rise.

Report Questions Fannie Mae & Freddie Mac

Report Questions Fannie Mae & Freddie Mac

The today's letter raises questions upon the intentions of Fannie Mae and Freddie Mac, the two-government sponsored enterprises, whom the report says are ignoring write-offs.

Mortgages at Reasonable Prices for 14 years: Report

Mortgages at Reasonable Prices for 14 years: Report

A report has sent ripples into the mortgage industry as it has unveiled that these mortgages have been placed at reasonable prices for 14 years. The rates have been reduced to a level that would make it approachable for the customers.

New Home Construction Activity Picks up in United States

New Home Construction Activity Picks up in United States

New Home construction across United States registered an increase in July with multifamily projects noticing much better numbers compared to single-family properties. Home builders have increased the building activity and the figures are higher by 5.9% as per seasonally adjusted annual rates.

Homebuilder Confidence Continues to Rise in United States

Homebuilder Confidence Continues to Rise in United States

Homebuilder confidence has improved to reach the highest level in eight years. The NAHB/ Wells Fargo Housing Market Index has touched 59 in August from a low of 56 in July. The continued improvement in the sentiment has been helped by the rising house prices in many states across the country.

Chinese Authorities to Blow up Rooftop Villa

Chinese Authorities to Blow up Rooftop Villa

Chinese authorities have been planning to bulldoze a strange rooftop villa entrenched in rocks, bushes and trees. Since, the same was developed illegally in the capital Beijing atop an apartment block with 26 storeys.

Obama’s Proposal to Overhaul Fannie Mae and Freddie Mac

Obama’s Proposal to Overhaul Fannie Mae and Freddie Mac

President Obama has said it is time for both this city's and the country's comeback from the housing chaos. He highlighted the importance of reducing the federal role and risk in the mortgage market on Tuesday. He said to take measures to not let the country go through the same kind of crisis ever again in the future.

Obama to Propose Improvements in US Mortgage Finance System

Obama to Propose Improvements in US Mortgage Finance System

According to reports from White House, President Barack Obama will give a speech on Tuesday to propose improvements in the U. S. mortgage finance system. The proposal is likely to target tangled and polarizing problem that led to devastating financial crisis in 2007-2009.

Estate Sector Stabilizing

Estate Sector Stabilizing

Timid recovery in the estate sector has brought steadiness in the house trade. The house-builders Taylor Wimpey, Redrow and Bovis Homes are of the view that the market is stable but challenging. Recently, the government issued schemes for boosting the construction sector so that the troubled economy of Britain could be supported.

Verspring Properties Puts In Highest Bid for Executive Condominium at Sengkang

Verspring Properties Puts In Highest Bid for Executive Condominium at Sengkang

A City Developments (CDL) Subsidiary, Verspring properties is reported to be the highest bidder for a site to develop executive condominium (EC) at Sengkang.

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