When 50 states settled with the banks for a historic $26 billion, many felt resolutions, but as the settlement details are dug into, many economists rebut...
The builders’ challenge Despite builder sentiment rising for the last five months, new home construction remains one of the hardest hit sectors in the housing industry...
The intent of others Decisions we make in life have consequences one way or the other. We exercise and eat right and our bodies reflect it....
Mortgage foreclosure settlement In a historic deal after repeated delays and over a year of negotiations, the Justice Department, U.S. Department of Housing and Urban Development,...
The housing crash Now that some of the causes and effects of the housing crash are becoming universally agreed upon and banks are ordered to pay...
The deadline has passed – no deal At the end of business today, the deadline came and went for the $25 billion civil settlement between the...
The concept of Unions Take a look at how states who’ve gladly embraced unions to the point of forcing either membership and/or dues on employees. See...
Home prices dip November home prices drop lower than expectations, falling 1.3 percent in November, according to the latest S&P/Case-Shiller 20-city report. Of the 20 cities...
Hardworking Americans left holding the bag During President Obama’s State of the Union address, he noted that leading up to the housing collapse in 2008, regulators...
Drop in number of contracts signed Pending sales of existing homes dropped in December, according to the National Association of Realtors (NAR) who released a report...
Obama’s State of the Union address During President Obama’s State of the Union address tonight, the President exerted the most efforts on jobs and the economy...
Australia, UK, America According to a new study by Demographia, the least affordable housing markets in the world are in Hong Kong, Australia, New Zealand, UK,...
The FHFA stands firm The Federal Housing Finance Agency (FHFA), the conservator of Fannie Mae and Freddie Mac told lawmakers in a letter today that forcing...
Tight lending in 2012 The housing market continues to struggle as Realtors report one in three contracts now fail, up nearly 10 percent from the year...
Worst hit neighborhoods According to a new report by CNN Money, using RealtyTrac data, it is clear that some areas were harder hit by foreclosures in...
Greed vs. greed For the umpteenth millionth time, I read someone scolding business owners and investors in general about their innate greed. Seems the only reason...
Fraud charges sound familiar Whistleblowers from JPMorgan Chase subsidiary EMC Mortgage Corp. are now coming forward with a tale quite familiar to American history buffs, and...
Existing home sales Resale home sales for December rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December after jumping 4.0 percent...
The controversy surrounding subprime loans Because we are still to close to the situation as a nation, there is not a consensus among economists as to...
Changing credit scoring system In December, we reported on a move that will soon change credit scoring as we know it. With their partnership with FICO,...
Recovering real estate market There is no agreement between economists and bankers as to the health of the real estate market, with some saying the real...
Letter to Bernanke Senator Orrin hatch (R-UT), ranking member of the Senate Finance Committee, harshly criticized a lengthy white paper Federal Reserve Board Chairman Ben Bernanke...
Applications rise a bit Mortgage application volume ended the final week of 2011 with a thud, dropping 4.1 percent overall, with refinance applications falling 2.5 percent...
Home prices drop 0.8 percent Lender Processing Services’ Home Price Index out today reports that home prices drop 0.8 percent in October from September and down...
Fannie Mae CEO on his way out Today, after 20 years with the organization, Fannie Mae said in a statement that CEO Michael Williams is resigning...
Subscribe to get business and tech updates, breaking stories, and more!