Real Estate
  • Bernanke: even worthy borrowers can't get mortgages

    Bernanke: even worthy borrowers can't get mortgages

    By Glenn Somerville, Reuters

    (Reuters) - Banks have become so restrictive in making mortgages that many worthy home buyers are being frozen out of the U.S. housing market, and lending practices are not likely to loosen any time...

  • Spain takes over Bankia to fight crisis

    Spain takes over Bankia to fight crisis

    By Carlos Ruano and Jesús Aguado, Reuters

    MADRID (Reuters) - Spain took over Bankia, the country's fourth biggest lender, on Wednesday, trying to dispel concerns over the government's ability to clean up the financial sector four years after...

  • Cisco outlook underwhelms, economy fears persist

    Cisco outlook underwhelms, economy fears persist

    By Nicola Leske, Reuters

    (Reuters) - Cisco Systems Inc forecast quarterly earnings below Wall Street's expectations, accentuating concerns about global technology spending and the network equipment maker's ability to weather...

  • Banks Accused of Racial Bias on Foreclosed Homes

    By Steve Yoder, The Fiscal Times

    A new report charges that once banks take possession of a foreclosed property, they do a far better job of maintaining and marketing homes in white neighborhoods than they do in minority...

  • Analysis: Public pension fixes face stout legal challenges

    By Jim Christie and Lisa Lambert, Reuters

    SAN FRANCISCO/WASHINGTON (Reuters) - Public employees in San Jose, California's third-largest city, are gearing up for a marathon court battle if local voters approve a measure in June to overhaul...