A New Jersey town plans to consider a proposal to settle a U.S. Supreme Court case that has threatened to undercut the Obama administration’s crackdown on lending discrimination.
Read More »Banks ease standards on business loans, survey shows
Domestic banks are making loans more readily available, easing lending policies to businesses as competition stiffens and relaxing standards on mortgages as demand for home loans cools.
Read More »Bank of America warns of more legal disputes ahead as potential costs surge
Bank of America Corp. raised its estimate of possible added losses from legal and regulatory matters by 82 percent to $5.1 billion.
Read More »Housing prices in U.S. cities rise by most since early 2006
Home prices in 20 U.S. cities rose in August from a year ago by the most since February 2006 as stronger demand boosted values.
Read More »Commentary: Big landlords aren’t always a bad thing
There are two basic complaints that people level against the changing housing landscape: buying a house is a good investment; and, the quality of rental housing just isn’t as good as what you can buy for yourself.
Read More »Tight mortgage lending may cause worse crisis
“Fear and not fact is making credit tighter than it should be.”
Read More »Potential new SEC rules would change real estate financing
The proposed rules would allow companies to sell shares of their properties or development projects, via crowdfunding, to anyone. Currently, such opportunities are generally available only for affluent individuals.
Read More »Bank of America’s Countrywide found liable for defrauding Fannie Mae
The case was the first brought by the U.S. against a bank over defective mortgages to go to trial.
Tagged with: Bank of America Corp. Countrywide Fannie Mae Freddie Mac
Read More »U.S. home prices rose 8.5% in year through August, FHFA says
U.S. house prices rose 8.5 percent in the year through August, extending gains even as higher mortgage rates cut into demand for real estate.
Read More »Families blocked by investors from buying U.S. homes
Home purchases by institutional buyers reached a record high in September and all-cash buyers accounted for almost half of sales as investors responded to rising demand from renters.
Read More »JPMorgan settlement to include $3 billion for investors
JPMorgan Chase & Co.’s tentative $13 billion settlement will include about $3 billion for states and federal regulators, much of which may be passed on to investors who bought faulty mortgage-backed securities.
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