Business: Real Estate

  • A property for sale in east London in early April. Britain's once-booming housing market is slumping and faces the prospect of an even sharper downturn owing to the global credit crunch, according to economists(AFP/File/Shaun Curry)
    Gloom descends on British property sector after boom years AFP - Sat Jul 12, 11:24 PM ET

    LONDON (AFP) - Britain's once-booming housing market is slumping and faces the prospect of an even sharper downturn owing to the global credit crunch, according to economists.

  • A customer who did not want to give his name talks to a security officer (R) at a closed branch of IndyMac Bank in Burbank, California, July 11, 2008. Mortgage lender IndyMac Bancorp Inc was taken over by the Federal Deposit Insurance Corp on Friday, which will run the bank while it looks for a buyer. IndyMac is the second-largest financial institution in U.S. history to close. The customer and security officer were involved in a brief altercation when the customer was refused to enter into the bank, which resulted in police being called to the scene. No charges were filed. Customer Gloria Carter (C) leaves after dropping off a loan payment at the bank which was accepted. (Fred Prouser/Reuters)
    IndyMac seized as financial troubles spread Reuters - Sat Jul 12, 8:20 PM ET

    WASHINGTON (Reuters) - U.S. banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in U.S. history.

  • The headquarters of mortgage lender Fannie Mae is shown in Washington in this file photo from October 3, 2006. (Jason Reed/Files/Reuters)
    Fannie, Freddie central to U.S. housing market Reuters - Sat Jul 12, 6:45 PM ET

    WASHINGTON (Reuters) - You can't get a mortgage from Fannie Mae and Freddie Mac, the huge U.S. housing finance companies whose financial health has rattled markets and raised the specter of a government bailout this week.

  • Treasury Secretary Henry Paulson testifies during a hearing of the House Financial Services Committee on Capitol Hill in Washington, July 10, 2008. (Jonathan Ernst/Reuters)
    Paulson cool to shield Fannie/Freddie investors: report Reuters - Sat Jul 12, 5:15 PM ET

    WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson is insisting that if Fannie Mae and Freddie Mac need rescuing, the plan should not benefit shareholders of the giant mortgage finance firms, the Wall Street Journal said on Saturday.

  • Patricia Ortega, an IndyMac Bank customer, reacts to a notice that the branch is temporarily closed, Friday, July 11, 2008, in Pasadena, Calif. IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures. The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said. (AP Photo/Damian Dovarganes)
    Government shuts down mortgage lender IndyMac AP - Sat Jul 12, 7:21 AM ET

    LOS ANGELES - IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.

Previous    1  2  3  4  5  6