Feb 16th 2012 12:00PM
Borrowers who think banks improperly foreclosed on them between 2009 and 2010 now have more time to request an independent review that could compensate them. The Office of the Comptroller of the Currency and the Federal Reserve announced Wednesday that they are extending the deadline for qualified borrowers to ask for an... Continue Reading »
Feb 13th 2012 9:30AM
WASHINGTON -- Ben Bernanke says declines in home prices have forced many Americans to cut back sharply on spending and warns that the trend could continue to weigh on the economy for years. The Federal Reserve chairman drew the connection between home values and consumer spending, which fuels 70 percent of economic... Continue Reading »
Jan 5th 2012 1:30PM
Most of Washington's initiatives to staunch the flow of foreclosures glutting the housing market have been woefully inadequate. (We're looking at you, HAMP, HAFA and HARP). But a new idea put forth by Federal Reserve Chairman Ben Bernanke might actually make a dent in the bank-owned backlog: Allow renters to move into... Continue Reading »
Mar 3rd 2011 11:59AM
Federal banking regulators are pushing for 20 percent down payments, according the Wall Street Journal. You see, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 -- the name which draws guffaws of cynical amazement among those who know what Chris "Friend of Angelo" Dodd, pictured left, and Barney "My... Continue Reading »
Mar 1st 2011 4:45PM
California has hit a record for buyers striking all cash deals for houses, particularly on the ultra-high end. Apparently, some 31 percent of all buyers in California paid cash -- and the higher up you go in the price category, the greater that percentage. For example, 62.2 percent of people buying homes worth at least $5... Continue Reading »
