JP Morgan Admits More Bad Loans

More dirty laundry continues to air in the mortgage lending industry as US Department of Justice investigations keep leading to more charges of bad loan practices against the nation’s biggest banks. The latest round has JP Morgan Chase paying $614 million for...

Delinquent Mortgage Decline Signals an Upturn

By many benchmarks, the housing market’s recovery continues, with rising home prices, more new construction and even a safer lending environment for mortgage applicants. But casting a long shadow over all these rosier indicators is the vast and stagnant foreclosure...

The Fed Tapers Down Another Notch

What a difference $10 billion makes. After announcing in December 2013 that it would taper off its stimulus plan from $85 billion in securities purchases a month to $75 billion, the Federal Reserve has just released plans to cut back by another $10 billion a month...

Shadow Banking: The Other Financial World

It sounds like something from a science fiction movie: a shadow world that exists alongside the one we know. But “shadow banking” – an unregulated, opaque world of financial dealings that functions alongside usual commercial banking practices – is very real. And the...

US Tops the Markets for Foreign Investors

Last year foreign investment in US real estate topped $7 billion in single family home purchases alone. As a new report by CNBC reveals, four of the top five cities for global real state investment were in the United States, investors from countries around the world...