The Consumer Financial Protection Bureau has proposed a standardized mortgage statement that sets out to make it easier to understand the information about your loan on one page.
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One of the nation’s largest commercial real estate brokerages filed for bankruptcy this week. Grubb & Ellis says the financial crisis and the sluggish commercial property market are to blame.
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Vacant foreclosed homes are still wreaking havoc in some neighborhoods across the country, creating eyesores and pulling down overall home prices.
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Median list prices nationwide are up 3.69 percent year over year, according to Realtor.com data, which tracks 146 metro areas. More housing markets are showing signs of stabilizing, as inventories of for-sale homes are dropping.
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A study by the National Low Income Housing Coalition has found that for every 100 families considered “extremely low income,” there are only 30 affordable units available to rent nationwide. “Extremely low income” renters are considered those who earn less than 30 percent of the median income in the metro area which they live.
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Wealthy home owners with huge loans worth more than the value of their mansions are walking away from luxury homes in some of California’s toniest neighborhoods, even if they still can afford the monthly payments.
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