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Trouble With Vatican Bank Mirrors Woes in U.S.
Tweet Share on Facebook March 15, 2013 CommentNow that the smoke has cleared—figuratively and literally—in Vatican City, one of the many issues facing the new head of the Catholic Church is pressure to clean up the Vatican's finances.
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RealtyTrac: Home Repossessions Fall to 65-Month Low in February
Tweet Share on Facebook March 14, 2013 CommentThough experts caution that the nation's crippling foreclosure epidemic is far from cured, new data reveal the carnage of the housing bust is easing thanks to rising home prices and efforts by banks and servicers to pursue alternatives to foreclosure.
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Why Homeownership Still Matters
Tweet Share on Facebook March 12, 2013 Comment
While the Great Recession raised questions about the concept of homeownership, challenging its role as a fundamental piece of the nation's social fabric, it continues to be synonymous with the American Dream and a gateway to the middle class, according to public opinion and academic research.
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Financial Innovation Key to Future of Homeownership
Tweet Share on Facebook March 11, 2013 CommentThe housing bubble and ensuing financial crisis not only wreaked havoc on the U.S. economy, but it also shook public confidence in financial markets and robbed Americans of their faith in homeownership as a stable iconic pillar of middle class security.
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Looming Sequestration Cuts Will Hit D.C. the Hardest
Tweet Share on Facebook March 1, 2013 CommentThe dreaded sequestration deadline has arrived, and with it $85 billion in automatic spending cuts that could plunge the nation's strengthening economy back into the depths of recession.
(For some light reading on the topic, check out the 394-page Office of Management and Budget report.)
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January Pending Home Sales Rise Again
Tweet Share on Facebook February 27, 2013 CommentPending home sales continued to climb in January, marking 21 months of consecutive year-over-year gains, according to an industry report released Wednesday.
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Thanks to Gen Y Townhome Construction Headed Up
Tweet Share on Facebook February 26, 2013 Comment -
Home Prices Close Out 2012 With a Bang
Tweet Share on Facebook February 26, 2013 CommentHome prices closed out 2012 with solid gains, according to a prominent industry report released Tuesday, cementing the notion that a once-feeble housing recovery continues to gain momentum.
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Latest Robo-Signing Settlement Bittersweet for Consumers
Tweet Share on Facebook February 25, 2013 CommentRemember that whole robo-signing debacle where the mortgage lending industry got caught falsifying records in thousands of foreclosure cases? Company employees admitted signing affidavits attesting to the veracity of documents required to push foreclosures through the courts, while knowing full well they had never even checked them out, let alone read through them.
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California's Foreclosure Drop--Too Good to Be True?
Tweet Share on Facebook February 22, 2013 CommentAs an epicenter of the nation’s worst housing bust in recent history, California remains an important bellwether for the housing market recovery. So when news that foreclosure starts in the beleaguered state plummeted to an 87-month low in January, industry watchers took notice.
