Dubai house prices should double - 2004-02-18
It is interesting to make a parallel between the new Dubai freehold property market and Singapore. In Singapore rental prices are similar to Dubai but property prices are double.

But the Dubai market has yet to adjust to this phenomenon, perhaps because the mortgage market is very underdeveloped as yet, and most property is bought with cash.
Read the full story at AME Info

Fannie Mae critical of Fed study on its market role - 2004-02-18
The nation's No. 1 mortgage finance company, Fannie Mae, on Wednesday was critical of a recent Federal Reserve economic analysis of its role in U.S. mortgage markets.

Fannie Mae's response to the Fed study -- which contended that Fannie Mae and rival government-sponsored mortgage finance enterprise Freddie Mac only lower home loan costs slightly -- comes a week before Fed Chairman Alan Greenspan is scheduled to testify before a Senate panel on the companies.
Read the full story at Reuters via iWon