Wall Street

The Role of Mortgage Lenders in the Homebuying Process

US Lawmakers Mull Banning Wall Street From Buying up Single-Family Homes Amid Housing Crisis

A bill sponsored by Democrats in the House and Senate would require Wall Street hedge funds to sell all single-family homes they own over a 10-year period.

Bank's Losses Increase in Commercial Real Estate

The fourth quarter CRE loss rates, which is the annualized charges as a percentage of average loan balances, is now being reviewed by regulators recently. This is part of the oversight on financial institutions' activities that are related to commercial real estate loans. The oversight was instituted to prevent the market crash recently experienced by the real estate market.

Mortgage Applications: 3.3% Drop Following Volatile Interest Rates

Markets finally settled last week after several months of volatile interest rates. However, that did not help the mortgage business. Overall mortgage application volume dropped 3.3 percent on seasonally adjusted data last week compared to previous weeks.

FDIC Says Morgan Stanley Will Pay $63 Million for Mortgage Bond Settlement

The settlement settles lawsuits that the U.S. regulator submitted as recipient for the three failed banks against Morgan Stanley and different defendants over what the FDIC said were distortions in the offering documents for the mortgage-backed securities.

New York Real Estate: 1 Wall Street Gets Approval For Residential Conversion

A Lower Manhattan landmark is about to undergo a big change. It was on Tuesday, January 19, when New York City's Landmarks Preservation Commission granted approval to modification intended to be done on 1 Wall Street. The update will convert the bank headquarters into a residential condo with retail spaces on the lower floors.

Port Authority Announces World Trade Center Transportation Hub Oculus To Open in March

The Port Authority of New York & New Jersey has just confirmed the news we've all been hearing about: the World Trade Center Transportation Hub - highlighted by Spanish architect Santiago Calatrava's Oculus - will be opening on the first week of March.

Goldman Sachs Will Pay $5 Billion in Mortgage Settlement, Reduces 4Q Earnings By $1.5 Billion

NEW YORK, NEW YORK - Goldman Sachs will be paying approximately $5 billion to settle federal and state investigations regarding the company's involvement in substandard mortgages in the years that led to the housing bubble and financial crisis.

Whole Foods Allegedly Looking To Expand In New York City's Wall Street

New reports claim that a Whole Foods store might just open on New York City's Wall Street. As it turns out, Harry Macklowe is allegedly in talks to put up a store front at One Wall Street, which used to be the Bank of New York tower that Macklowe bought back in 2014 for $585 million.

'Billions' 2016: Premiere Date Set; New Series Pilot Episode Released

Showtime has a new Wall Street Drama, Billions. Showtime has a new Wall Street Drama, "Billions". As to what this is all about, reporters decided to let the show do the talking towards their audience.

Real Estate Market: How The Stock Market Affects the Real Estate Industry

The stock markets affect every type of business in one way or another. The stock markets affect every type of business in one way or another. The real estate industry is not exempted to this fact.

10 Celebrities who were Victims of Bernie Madoff's $50B Ponzi Scheme

Thousands of people and organizatons who were scammed by this scheme includes celebrities. Here are ten of the biggest and hardest hit by the investment scandal.

Wall Street's Latest Hysteria: Trump Could Win

Tension grows in Wall Street as Donald Trump could actually win the Republican nomination for president as reported on Democraticunderground.com.

After the Bell: Google & Shake Shack Rose in Stock While Others Slipped

Following Google's announcement of restructuring and establishment of new company, "Alphabet," it resulted in some increase on their stock right after the bell or close of the stock market. Wall Street also reported some increase on the stock of Shake Shack while other companies slipped a bit.

Wall Street Agog Over Housing Market 2015 Trends

Wall Street is looking forward to housing market growth. As the U. S. economy continues on its road towards full recovery, one of the major areas of growth has been the housing market.

Wall Street dips after rally, biotechs drag Nasdaq

U.S. stocks dipped on Thursday, with the Nasdaq underperforming other major indexes, as investors once again rotated into defensive names and sold momentum-driven stocks.