The FINANCIAL -- Liam Bailey, head of Knight Frank Residential Research, comments:

The FINANCIAL -- London-01 July 2011: Fitch ratings has affirmed Principality Building Society's (PBS; 'BBB+'/'F2') only series of UK residential mortgage covered bonds at 'AAA'.

The FINANCIAL -- Washington, DC, June 22, 2011 -- The National Association of Realtors® is urging regulators to go back to the drawing board on the proposed Qualified Residential Mortgage rule.

The FINANCIAL -- The Slovakian developer HB Reavis commenced the construction of an office building in Warsaw.

The FINANCIAL -- Overall confidence in housing values among homeowners has plummeted, with the number who say their home is worth more than what they owe on their mortgage lower than ever.