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Mortgage, US Real Estate

QE3 - Is The FED Using Unemployment As A Cover For Another Bank Bailout?

By Donna S. Robinson | September 18, 2012
Happy days are here again on Wall Street, which saw stocks, commodities and gold going higher immediately after the big news that the Federal Reserve will begin an open-ended program of new Quantitative Easing, known affectionately as "QE3". But this time the Fed is going all-in with it's biggest QE yet
US Real Estate

The $26 Billion Foreclosure Settlement: Who Won? Who Lost?

By Guest Author | February 19, 2012
A consortium of the Department of Justice and the Attorneys General of every state other than Oklahoma recently announced a $26 billion settlement with the five largest new mortgage and home mortgage refinance lenders to settle claims related to improper foreclosures. Although it has been hailed as a significant victory for consumers and has been compared to the landmark $206 billion 1998 tobacco settlement, the details of the agreement paint a different picture.
Brokerage, US Real Estate

Scotland Commercial Market Slowing Further

By Phil Butler | February 5, 2012
A sagging real estate market has not just affected the business world in the US. News from Scotland tells of commercial real estate deals there having plummeted as confidence in lending continues to drop.
Featured News, Mortgage, US Real Estate

Banks Are Lending Money Again, But Not To Everyone Of Course...

By Mike Wheatley | October 19, 2011
What with the economy continuing to flounder, you might be surprised to learn that a rather unusual thing has happened. Banks have started lending more money again. According to the New York Times, banks have once again increased the flow of the borrowing tap, and loan growth, despite the fact it is still at a […]
Residential, US Real Estate

Reality Hits Home as Peggy Tanous Faces Foreclosure

By Allison Halliday | May 16, 2011
Reality star Peggy Tanous seems to have it all, but the truth is she’s already following in the footsteps of other Real Housewives in facing foreclosure, and is currently in dispute with three banks in an effort to try and keep her home in Irvine, California. PNC Mortgage, US Bank National and the BAC Home Loans Servicing are trying to get a foreclosure, but Tanous is fighting back with her own lawsuit as she believes the banks haven't honored a loan modification agreement.
Real Estate, US Real Estate

Protests at Bank of America Shareholder Meeting

By Allison Halliday | May 13, 2011
Angry protesters set the scene for the Bank of America’s annual meeting at their headquarters in Charlotte, N.C. Shareholders were eager to tell CEO, Brian Moynihan, about the disastrous effect foreclosure has had on their communities.
US Real Estate

Banks Ordered to Reimbursh Wrongly Foreclosed Homeowners

By Tavis J. Hampton | April 15, 2011
The U.S. federal government has ordered 16 of the largest lending institutions to pay back those customers who did not get proper foreclosures.  Among those on the list are Citibank, JPMorgan Chase, Bank of America, and Wells Fargo, the four largest banks in America. This is the governments latest jab at mortgage lenders designed to […]
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