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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.

Construction Bells Ringing for the Long Stalled Seward Park Lot

Construction plans for the vacant Seward park lot, lying at the foot of Williamsburg Bridge were stalled for a few decades. However, the Economic Deportment Corporation has finally released a Request for Proposal soliciting developers to bid for construction contracts at the site.

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.