It’s about time! WASHINGTON — The Treasury Department will temporarily withhold payments to the nation’s three largest mortgage companies for failing to comply with the Obama administration’s signature foreclosure-prevention effort, perhaps...
As the housing market started to weaken earlier this year, analysts feared that the seasonal bump would not materialize at all – a sure sign of deepening problems that could tip the economy back into recession. From January through to March, home prices fell so far...
Numerous recent reports claim renting is on the rise, but John Burns Real Estate Consulting believes demand in top markets is about to “explode,” with some cities seeing a 25% growth over the next three years. According to John Burns, there are about 3.4...
Prices of Key Staples to Rise by 120-180% by 2030: Oxfam The prices of staple crops will more than double in 20 years, unless fundamental changes are made to the international food system, warns the international charity Oxfam. The report forecasts that prices for key...
Here’s a lesson for the government and Ally Financial in particular: With bank investors fretting about the potential costs of soured-mortgage claims, it is best to get the details out in the open. That’s the opposite of how Ally and Freddie Mac handled a...
