A new bill passed in the New York State Senate could be the key to easing the burden for New York City taxpayers and could be a model for other states to follow in the future.
Read More »A Tick or a Trend: Will GDP and Employment Numbers Continue to Perform Well?
While it may be too early to declare a trend, what will it mean if these two central measures of the economy continue on the paths they’ve taken the last two years?
Read More »Mortgage Rates Decline for 5th Consecutive Week, Refis Anyone?
Just when the industry thought mortgage interest rates could not get any lower, they dropped further for the fifth consecutive week.
Read More »Homeowners on Fast Track to Break Even on Purchases
When deciding whether or not to buy or rent a home, purchasing a home is typically more favorable in many of today's housing markets, depending on how long a buyer plans to stay, but one generation still struggles with the buy vs. rent decision.
Read More »Is Bidding Back? More Homes Selling for List Price or Higher
Strong demand and thin inventory across housing markets is causing increased competition among buyers and homes to sell for the asking price or more.
Read More »Why Seniors are an Important Part of the Housing Economy
The 55 and older population is often overlooked—especially when the spotlight has been on millennials for so long—but they are a large part of the housing market
Read More »Mortgage Application Volume on the Decline
Although mortgage interest rates continue remain at historical lows, potential buyers are steering clear of the housing market.
Read More »Wells Fargo to Settle With FHA Over ‘Reckless’ Mortgage Claims
Since 2012, Wells Fargo has been battling the U.S. government regarding allegations that it was "reckless" in certifying the credit and underwriting quality of FHA loans it originated, but the legal issues could soon be over.
Read More »Is Getting a Mortgage Loan Becoming Easier?
Credit standards among mortgage lenders tend to change with overall economic conditions. A survey from the Federal Reserve shows that credit standards may be easing among lenders, but will this change be in the best interest of the housing market?
Read More »Morgan Stanley Settles Mortgage-Bond Suit With FDIC
Morgan Stanley is the latest institution to settle claims that the firm misrepresented residential mortgage-backed securities that were sold prior to the financial crisis in 2008.
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