Over $3 trillion and counting. That’s the total so far of the Federal Reserve’s buyup of mortgage security bonds – a number that, as we discussed in a recent post, is raising alarms among senior representatives of regional Federal Reserve banks. Now, in another twist...
After the housing crash of a few years ago exposed the shifty underbelly of lending practices at the nation’s major banks, those institutions have been – albeit reluctantly – cleaning up their act with greater accountability and tighter lending standards aimed at...
Owning a home has long been a part of the cherished “American Dream” – a place to raise a family and grow old in comfort and security. But a controversial new study by a couple of economists is challenging that notion with some surprising findings about the...
The comedy of errors continues as payouts trickle out to victims of wrongful foreclosures in the robosigning settlement case. A month after the first wave of checks began bouncing at banks around the country, another group of recipients are being told that they’ll get...
Everybody needs a place to live, says Jason Hartman, and that’s why real estate remains a solid investment that can weather many of the ups and downs of the economy in general. And now, continued low interest rates and a housing market on the rebound combine to create...
