AP – Spanish banks must raise an additional euro50 billion ($65.5 billion) to cover their exposure to toxic real estate loans and assets accumulated during a construction boom that went bust with the financial crisis, according to... 

Reuters – In a rare criminal prosecution to emerge from the financial crisis, two former Credit Suisse traders admitted on Wednesday to conspiring to manipulate the value of about $3 billion in subprime mortgage-backed securities in order to... 

Appolicious – One of my favorite benefits to having an Android phone is the ability to use apps that pull up suggestions based on your location. Real estate apps offer one of the best uses of this function.... 

Reuters – The Obama administration, in an election-year bid to help distressed homeowners, on Friday expanded its main foreclosure prevention curriculum, and pushed for Fannie Mae and Freddie Mac to forgive mortgage debt.  Read More →

Reuters – Blackstone Group LP has raised more than $6 billion for a real estate opportunity fund, which ultimately could match its current $11 billion fund, a source familiar with the matter said on Tuesday.  Read More →