Finance & Mortgage
Top 5 U.S. States with Most Homes in Foreclosure
Mortgage Brokers Unhappy with New CFPB Rules
30-year Fixed Mortgage Rates Surge Slightly This Week
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
U.S. home resales unexpectedly fell in December, but the drop was not large enough to suggest the recovery in the housing sector is running out of steam. Luxury Home Sellers Stick to Prices as High-End Listings Go Down in the U.S.
As the supply of Luxury Homes have declined, more number of sellers are reluctant to cut down home prices. Luxury homes remain listed on the market unclaimed for an average of 248 days throughout the country. Prices of these houses will not be lowered until supply meets the rising demand adequately. Home Prices Rise as New Sellers Join the Housing Market in UK
In a recent survey by real estate listing agency,Rightmove, it was revealed that home prices in the first weeks of January rose significantly with more number of new sellers joining the real estate trading league. The housing market is set to recover after year-long stagnancy. Mortgage Rates Unchanged This Week
Mortgage rates were unchanged this week, according to the latest data released by Freddie Mac. Mortgage rates were unchanged this week, according to the latest data released by Freddie Mac. Canada Home Sales Decline, but Market is Balanced Says CREA Report
Home sales in Canada have declined due to tightened Mortgage rules introduced earlier in 2012. However, the market is balanced as the boom is still cooling off and prices of properties are still riding the high tide in the market. Sandy Relief Bill Passed Despite Strong Opposition from Republicans
The Hurricane Sandy relief bill was the subject of constant heated discussion in the Parliament. Despite the strong opposition from the Republicans, the $51 billion relief bill was passed by the government on Tuesday,Jan. 15, 2013 garnering 241-180 votes. Bank Of England to Control UK Real Estate Boom
The Parliament of Britain has given the Bank of England new powers to regulate and control the prevalent housing sector boom. The bank's Financial Policy Comittee hopes that the new tools will help avoid financial crisis in the long run and trigger off a growth in the country's GDP. Jermaine Dupri Manages to Avoid Home Foreclosure A Second Time
The So So Def singer, Jermaine Dupri's Atlanta home was slated to be forfeited the second time in 4 months due to his failure to make mortgage payments. However, Dupri managed to ward off the auction by lodging a last minute petition. 29.3 Percent Americans Own Mortgage Free Homes
In a recent study conducted by Real estate listing Consultancy- Zillow, it was discovered that around 29.3 percent of the home owners were free of any mortgage debt and owned their homes outright. Various financial and demographic factors were taken into account for the study. New Mortgage Regulations of CFPB to Protect Buyer and Banker Interests
The Consumer Financial Protection Bureau, which was formed in 2011 to protect the financial interests of the consumers of U.S., announced a new mortgage regulation that all the banks need to comply with. The rule will not only safeguard the consumers from faulty loans but also help Banks insure themselves against law suits.
