Finance & Mortgage
- Teresa Giudice, “Real Housewives” star, Faces Prison for Mortgage Fraud
- "Real Housewives" star Teresa Giudice and husband Giuseppe Giudince face prison terms for mortgage fraud, failing to file income tax returns.
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- Will Warren Buffett's investment advice work for you?
- In his most recent Berkshire Hathaway shareholder letter, the ever-folksy Warren Buffett sounds more like a personal finance guru than a financial mastermind, focusing on buy-and-hold investing and advocating indexing strategies.
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- U.S. home prices witness 0.9 percent rise in January
- Home prices in the United States increased January after a three-month lull, perhaps owing to a shortage of homes, according to report by CoreLogic, a consumer, financial and property information data provider.
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- Irregular U.S. real estate market recovery to continue for next five years: study
- A new study conducted by The Demand Institute, a think tank operated by the Conference Board and Nielsen, found that the uneven housing market recovery in the United States will continue for the next five years.
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- 65 percent of Americans now own a home, Census Bureau reports
- According to the latest data from the U.S. Census Bureau, about 65 percent of the people in the country now own a home.
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- Cold weather and limited supply drove down existing home sales in January: NAR
- Sales of existing homes in the United States fell 5.1 percent in January, hitting an 18-month-low due to cold weather and limited supply, according to The National Association of Realtors (NAR).
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- Freddie Mac offering cash incentives to home buyers and real estate agents in 23 States
- Freddie Mac, the government-backed lending giant, will reportedly pay cash incentives to home buyers and real estate agents in 23 target states, who sell or list a foreclosed home owned by the firm. The incentive will be given once the home sells, according to several news reports.
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- CFPB’s updated mortgage tool will help users explore HMDA more easily
- The Consumer Financial Protection Bureau (CFPB) has reportedly launched a new, updated version of its online mortgage tool to help home hunters explore the Home Mortgage Disclosure Act (HMDA) with ease and give them information about credit availability and resources in their area.
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- Mortgage applications for new homes increase significantly in January
- January witnessed a 35 percent increase in applications for purchasing new homes when compared to December - news that came as a surprise to Mortgage Bankers Association (MBA) Chief Executive Mike Fratoantoni.
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- Comcast takeover of Time Warner Cable to reshape U.S. pay TV
- Comcast Corp's proposed $45.2 billion takeover of Time Warner Cable Inc would combine the country's top two cable providers into a colossus that could reshape the U.S. pay TV and broadband industry if it clears regulatory hurdles.
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- Foreclosures for 2013 lowest in six years
- Foreclosure filings hit their lowest since 2007 last year, as did the number of completed foreclosures, according to the CoreLogic Market National Foreclosure Report.
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- IRS Says Michael Jackson Estate Owes $505 Million in Taxes and $107 Million in Penalties
- The Michael Jackson Estate has been hit with tax fraud allegations by the U.S. Internal Revenue Service (IRS), which accuses the late king of Pop’s executors of undervaluing assets after the legendary singer’s death in 2009, according to several reports.
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- US economy added disappointing 113,000 jobs in January
- The economy added a disappointing 113,000 jobs last month, marking the second straight month of weak gains for the labor market.
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- Japan's unions ask for wage hikes on back of Abenomics stimulus
- A trade union has demanded Japan's largest steelmaker, Nippon Steel & Sumitomo Metal Corp (5401.T), hike basic wages for the first time in 14 years and share the profits generated by the government's "Abenomics" stimulus policies.
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- Jobs data improves, but weak exports may hurt growth
- The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy.
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