Swiss bank UBS closes deal to sell U.S. servicer

Executives at Swiss bank UBS said on Wednesday that they’ve struck a deal to sell Credit Suisse’s U.S. servicing business. They did not provide information related to the buyers’ names or the financial details. In the U.S., Credit Suisse owns Select Portfolio Servicing (SPS). According to Inside Mor

Signs point to an extended decline in mortgage rates

Mortgage rates continued to recede during the past week, with the market anticipating a Federal Reserve rate cut next month and the U.S. economy showing signs of weakening.At HousingWire‘s Mortgage Rates Center, the 30-year conforming loan rate averaged 6.66% on Wednesday. That was 11 basis points (

Brewers Owner Accused of Using Public Malibu Beach as ‘Personal Sandbox’ by Fellow Billionaire Neighbor: Lawsuit

Dylan Buell/Getty Images; Court DocumentsThey’re fighting for every last grain of sand.Two billionaires are duking it out in court after one accused the other of stealing piles of sand from a public California beach.Milwaukee Brewers owner Mark Attanasio has been gussying up his Malibu mansion with

The Carmel-by-the-Sea Home Where Clint Eastwood Lived While Mayor Lists for $21 Million

Murray Close/Sygma/Sygma via Getty Images; Courtesy of Sherman Chu for Tim Allen PropertiesIn the 1980s, the famed actor and director Clint Eastwood spent two years as mayor of Carmel-by-the-Sea, a small California vacation community. Now the century-old home where he lived during that stint is comi