Finance & Mortgage

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.

US Mortgage Rates Up for 2nd Consecutive Week

Spring is when most sellers put their homes for sales and buyers shop for new properties as the weather looks better. But with the buying season already on, mortgage rates picked up for the second straight week.

Illinois Ranks First Among U.S. States With Highest Property Taxes

If you're living in Illinois, you are probably paying the highest property taxes than those who reside in other parts of the nation.