California Distressed Sales Decline, Realtors Push for Streamlined Shorts

California’s pending home sales dipped in July, as did the share of distressed property sales. The California Association of Realtors says 44.5 percent of home

August 28, 2011 Banking

S&P/Experian: Default Rates Decline Monthly and Annually

Default rates on both first and second mortgages declined in July, according to the S&P/Experian Consumer Credit Default Indices. Second mortgage defaults decreased from 1.4

August 28, 2011 Banking

Sweet Deals on Condos, Learn From Steve Jobs about Money, and More

If you’re seriously in the market for a condominium and you’d like a $ 1,500 cash incentive, check out Freddie Mac’s limited-time offer […] Mortgage

August 28, 2011 Real Estate News

Learn More About Mortgage Purchase Apps

The Aug. 17 news on mortgage purchase applications from the Mortgage Bankers Association was disappointing—they fell 8% from the prior week. Research Commentary from

August 27, 2011 Real Estate News

Bernanke Offers No Indication of New Economic Stimulus

The marketplace was zeroed in on Ben Bernanke and Jackson Hole, Wyoming, in hopes of a signal from the Federal Reserve’s chief that new stimulus

August 27, 2011 Banking

Airlines scrap thousands of flights as Irene hits

NEW YORK (AP) — Travelers across the country are facing days of grief ahead as thousands of flights get canceled because of Hurricane Irene. Business

August 27, 2011 Banking

New York Attorney General Removed from Bank Foreclosure Settlement Panel

By Kelly Isaacs New York Attorney General Eric Schneiderman has been booted from a panel that is attempting to negotiate a settlement with […] Mortgage

August 27, 2011 Real Estate News

Argentina hikes minimum wage by 25 percent

BUENOS AIRES, Argentina (AP) — Argentina will raise its minimum wage by 25 percent to keep pace with inflation. Business Headlines

August 27, 2011 Banking
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