(Source: The Wall Street Journal By Nick Timiraos) – A weak start to the spring housing season, which could be underscored later this week by reports on sales of new and previously owned homes, is raising the prospect that the [...]
(Source: Arizona Central by Emily Holden) – Homeowners considering renting out their homes during Major League Baseball’s All-Star Game week in Phoenix should be wary, according to the state Attorney General’s Office and the Department of Real Estate.
CHICAGO (Source: MarketWatch By Amy Hoak) — Some of the hardest-hit housing markets are beginning to show some signs of strength, though they’re not fully out of the woods yet, according to a new real-estate market forecast.
(Source: Business Insider Gus Lubin) – Last year a survey by the State Grid Corporation of China found that 65 million residences were empty. This number was circulated as evidence of a housing bubble — along with satellite pictures of [...]
(Source: Business Intelligence Middle East) – The global real estate investment market continues its path to recovery with both values and sales activity increasing in the first quarter of 2011, according to the latest research by leading global property adviser [...]
(Source: The Wall Street Journal By Nathan Koppel) – Supreme Court Justice Clarence Thomas’s life outside the court continues to be the subject of scrutiny.
(Source: Business Insider Gregory White) – If you still believe what’s holding back the U.S. recovery is an unwillingness of banks to lend, this chart from Citi’s Steven Weiting should finally prove to you that you’re wrong.
(Source: Business Indider Katya Wachtel) – “Memo to employees at big Wall Street banks and securities firms: Be careful what you say on the elevator. You might be surrounded by regulators.”
(Source: Wall Street Journal By Shira Ovide) – Another day, another earnings downgrade for some of America’s largest financial institutions.
(Source: Boston Globe By Todd Wallack) – Hundreds of small banks that received US aid after the financial crisis appear to have found a creative way to repay the funds: obtain money from a different government program.
June 20 (Bloomberg) – A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default.
(Source: Fins Finance) – Some of the country’s biggest lenders are planning to hire at least 7,000 additional people to modify mortgages in a bid to quell government criticism. Bank of America plans to add another 5,000 employees by the [...]
COLLEGE PARK, GA (Source: 11 Alive Written by Paul Crawley) – “Been in the real estate business for 23 years and I never thought I’d be sitting here,” says Michelle Volk of Douglas County.
(Source: 8 News Now by Natalie Cullen) – Las Vegas valley homeowners looking to modify their mortgages in an effort to keep their homes will have a chance over the next five days. Experts will be on hand at one [...]
(Source: the Californian by Broderick Perkins) – If you live in California and find yourself facing foreclosure, chances are greater than in any other state you’ll be the victim of foreclosure rescue fraud.
MINNEAPOLIS (Source SC Times) — A St. Cloud real estate agent and a Maple Grove real estate appraiser have been indicted in connection with a $1.8 million mortgage fraud scheme.
(Source: The Reporter) – A Fairfield real estate broker has been charged by a federal grand jury in a nine-count indictment alleging investment and mortgage fraud.
(Source: Phoenix New Times By Adele Hampton) – If a real estate company promises to rent your house to some out-of-towners for the upcoming MLB All-Star Game at a “too good to be true” price, we hate to be the [...]
(source: Bloomberg) – Michigan Attorney General Bill Schuette said Wednesday that he subpoenaed several mortgage processors as his office expands its investigation into questionable mortgage documentation practices.
NEW YORK -(By David Benoit and Al Yoon Of DOW JONES NEWSWIRES)- Wells Fargo & Co. (WFC) is the latest lender to exit a controversial product known as the reverse mortgage, saying it no longer felt comfortable lending to seniors [...]
PHOENIX (Source: ABC15 Brien McElhatten) – Law enforcement officials said they have “good leads” in a cold case involving the murder of a Valley real estate developer 4 years ago.
(Source: Bloomberg By James Sterngold) – Small banks applied for less than half of the $30 billion in capital available from a federal program to increase small-business lending, according to the U.S. Treasury Department.
(Source: Bloomberg By Abigail Moses) – European policy makers are on a collision course with the bond market as they seek to resolve the Greek debt crisis without triggering payouts under credit- default swap insurance contracts.
(Source: Bloomberg) – An executive with one of the major Puerto Rican banks was shot to death as he drove home along one of the busiest streets in the capital, police in the U.S. island territory said Thursday.
(Source: Time MoneyLand) – Please don’t change ING Direct. Customers stick with the online bank (and put up with the company’s blinding trademark bright orange colors) because setting up an account is easy, the interface and bill-paying features are sensible, [...]
(Source: Reuters By Martin de Sa’Pinto and Chris Vellacott) – Switzerland’s legions of small banks are struggling to arouse interest in their businesses from unenthusiastic buyers as they grapple with mounting costs and the pursuit of tax dodgers across borders.
(Source: Fox Business By Gina Pogol ) – Have you made your three mandatory trial loan modification payments but still have not been approved for a permanent loan mod? Do you believe your home was wrongfully foreclosed? Have you been [...]
(Source: Consumerist) – A woman says she lost her home to Bank of America by following its advice to her that she skip mortgage payments. The woman had lived in the house for 25 years and began struggling with payments [...]
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