Economic outlook Known for being direct and often blunt, JPMorgan Chase CEO, Jamie Dimon told CNBC that he believes housing is now “at or near the...
Bank of America cuts credit lines In light of an upcoming stress test from the Federal Reserve and Bank of America CEO Brian Moynihan’s quest to...
Mortgage delinquency woes According to The November Mortgage Monitor report released by Lender Processing Services, Inc. (LPS) shows signs of temporary improvement, but a sharp worsening...
Bank error leads to near loss of a home Like millions of Americans, Tom Mudie was struggling to maintain his mortgage, so to avoid losing his...
Loan application demand falls In the last week of 2011, despite mortgage rates falling again, demand for refinance mortgages and purchase applications fell, according to the...
Federal Reserve Board writes to Congress In a letter to Congress, the Federal Reserve Board, led by Chairman Ben Bernanke recommended a variety of steps the...
“I just want to retire” After decades of transitioning from human brokers to online brokers, the people left on Wall Street are clamoring for the old...
Business is cozy with big government Conservative Washington Times blogger, Henry D’Andrea wrote today, “Barack Obama had many accomplishments in 2011. Like spending a nation into...
Pending home sales rising Pending home sales, or residential real estate contracts signed, rose 7.3 percent in November from October, rising 5.9 percent year over year,...
Highest level since April According to the Conference Board, the Consumer Confidence Index for December hit 64.5, up from 55.2 in November. December confidence levels beat...
Another month of sliding home prices As most economists predicted, home prices fell again for October, down 1.2 percent from September and down 3.4 percent from...
As 2012 approaches… As 2012 is about to enter the room, I’m beginning to get a whiff of major road forking up ahead. The good news...
Looking into the future Professionals Realty Group USA President, Glenn Melton reports that the recent Chinese government’s liberalization of restrictions on investing capital outside of the...
November home sales Resale home sales rose four percent in November and are up 12.2 percent from November 2010, according to the National Association of Realtors....
Historic data revised According to the National Association of Realtors, the housing market for the past four years has been weaker than originally reported, with the...
An economic consensus According to the December 2011 Zillow® Home Price Expectations Survey, home prices are expected to drop 1.57 percent in the fourth quarter of...
Spike in home building New home construction rose in November to its highest level in nearly two years, as multi-family starts and record-breaking low mortgage rates...
After a long wait, CoreLogic has put its massive database of consumer data to work, announcing the CoreScore, a new type of credit file that supplements...
Creating a better understanding Although some are pointing to tiny signs that the economy may be done bouncing at the bottom and ready for its slow...
iPads and iPhones going back to stores According to a recent report, 4.5 percent of all iPhones purchased are returned and 4.9 percent of all iPads...
The Men’s Underwear Index (MUI) Did you know that some economists look to the underwear drawers of American men to determine the health of the current...
Millionaire investors A recent PNC Wealth Management study reveals that only 10 percent of American millionaires are optimistic about the economy and 75 percent are pessimistic...
Home equity for Americans Nearly 11 million homes are underwater in America as of the end of the second quarter of 2011, according to CoreLogic data....
Lowes closing several locations Lowes has announced it will close 20 stores and lay off nearly 2,000 employees as a means to slow their growth, although...
Potential change of plans The Obama Administration has struggled with how to address the mortgage crisis and this month, we reported that leading House Democrats are...
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