China’s central bank says Evergrande is unique and most real estate developers are stable

An outside view of the Evergrande China Center in Hong Kong, China on March 26, 2018. Bobby Yip | Reuters BEIJING – The People’s Bank of China said Friday that debt developer China Evergrande is its own case, and that most of the country’s real estate companies are stable. Real estate giant Evergrande has $300 … Read more

United Wholesale Mortgage ditches its plan to accept bitcoin, ethereum

It seems that US home buyers are not interested in paying their mortgages with cryptocurrencies like Bitcoin. United Wholesale Mortgage, which debuted in January with a Special Purpose Acquisition (SPAC) merger, began experimenting with crypto payments in August for the first time in the industry. But CEO Matt Ishbea told CNBC that after his testing, … Read more