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Single family homes on the market. Updated weekly.Powered by Altos Research
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Investments

Wells Fargo plans to scoop up $6B UK portfolio

Commerzbank AG is selling a portfolio of U.K. commercial real estate loans worth around $6.5 billion to Wells Fargo (WFC) and Lone Star Funds, the latest example of a European bank reducing its exposure to real estate in the wake of the financial meltdown, The Wall Street Journal reports.

"With this transaction, we are accepting a charge on earnings in 2013, to take out risks in the coming years," Chief Financial Officer Stephen Engels said.

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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