US housing market
Vampire Properties Haunt the Housing Recovery
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Halloween is over, but zombies and vampires continue to plague the housing market. Those are the names given to problematic foreclosures that can’t be turned into assets by the lending institutions that hold them. And because these properties can’t be sold, financial experts say, they hold true to...
Fannie Mae Sues Banks for Interest Rate Fraud
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The US Justice Department and numerous state attorneys general have been pressing lawsuits against the nation's big banks for a variety of crimes and misbehaviors since 2010. Now, housing giant Fannie Mae is joining the party, with a lawsuit of its own against nine major US and foreign banks for...
Older Home Sales Heat Up the Recovery
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Call them vintage. classic or just plain old, homes of a certain age are quietly driving housing sales in markets around the country, as investors and residential home buyers alike snap up these older properties at bargain – basement prices.
According to a new report front UPI Business News, the real...
Three Strikes Laws Force Landlords to Evict
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In a previous post we brought you news of the growing trend of nuisance ordinances and “landlord 911” laws being enact4ed by communities nationwide in an effort to curb neighborhood crime - and how those laws force landlords into taking on additional burdens - including the job of law enforcement...
Online Auctions: Buyer Beware?
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It’s one thing to buy vintage baseball cards or a new bicycle through an online auction, but – houses? Over half the real estate transactions conducted today involve the Internet in some way, from posting a listing to texting an agent. Now, online auctions can make it easy to close a deal on an investment...
Interest Rates are Rising: What Happens to Housing?
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As the government closed its doors for what would be a 16-day shutdown, housing experts worried about what would happen to the still-fragile housing recovery as a result. Now, with government services and agencies back in full force, a slow down in mortgages seems to bear out some of their concerns.
Even...
JP Morgan Chase Settles Another Fraud Case
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While Bank of America has been grabbing headlines lately as the poster child for problematic mortgage and securities transactions dating back to the housing crash of 2008 and before, JP Morgan Chase has been conducting it own legal battles on similar charges of misbehavior at home and abroad. A just-announced...
The Dollar Takes A Dive: What’s Next for Investors?
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When the government shutdown ended, the value of the US dollar stood at its lowest point in about eight months, with some experts predicting it could fall even lower in the coming weeks. As China calls for a “de-Americanization” of the global financial world, what does the decline of the dollar mean...
Shutdown Fallout and the Fed’s Stimulus Plan
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The government’s back up and running, and a newly struck deal on the debt crisis has headed off a default. Now, though, comes the fallout from the 16-day shutdown, as the dollar hovers near its lowest point in eight months and the Federal Reserve ponders what to do about tapering off its stimulus plan.
According...
The Debt Limit Crisis May Hit Housing
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As the government shutdown drags on amid accusations and counteraccusations from both sides, a new phrase is entering public awareness: raising (or not) the federal debt limit, or debt ceiling. And the fate of this metaphorical ceiling has housing industry professionals worried about a major blow to...
