Finance & Mortgage
30-year Fixed Mortgage Rates Surge Slightly This Week
US home resales fall, housing recovery still on track
Luxury Home Sellers Stick to Prices as High-End Listings Go Down in the U.S.
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
In a recent survey by real estate listing agency,Rightmove, it was revealed that home prices in the first weeks of January rose significantly with more number of new sellers joining the real estate trading league. The housing market is set to recover after year-long stagnancy. Mortgage Rates Unchanged This Week
Mortgage rates were unchanged this week, according to the latest data released by Freddie Mac. Mortgage rates were unchanged this week, according to the latest data released by Freddie Mac. Canada Home Sales Decline, but Market is Balanced Says CREA Report
Home sales in Canada have declined due to tightened Mortgage rules introduced earlier in 2012. However, the market is balanced as the boom is still cooling off and prices of properties are still riding the high tide in the market. Sandy Relief Bill Passed Despite Strong Opposition from Republicans
The Hurricane Sandy relief bill was the subject of constant heated discussion in the Parliament. Despite the strong opposition from the Republicans, the $51 billion relief bill was passed by the government on Tuesday,Jan. 15, 2013 garnering 241-180 votes. Bank Of England to Control UK Real Estate Boom
The Parliament of Britain has given the Bank of England new powers to regulate and control the prevalent housing sector boom. The bank's Financial Policy Comittee hopes that the new tools will help avoid financial crisis in the long run and trigger off a growth in the country's GDP. Jermaine Dupri Manages to Avoid Home Foreclosure A Second Time
The So So Def singer, Jermaine Dupri's Atlanta home was slated to be forfeited the second time in 4 months due to his failure to make mortgage payments. However, Dupri managed to ward off the auction by lodging a last minute petition. 29.3 Percent Americans Own Mortgage Free Homes
In a recent study conducted by Real estate listing Consultancy- Zillow, it was discovered that around 29.3 percent of the home owners were free of any mortgage debt and owned their homes outright. Various financial and demographic factors were taken into account for the study. New Mortgage Regulations of CFPB to Protect Buyer and Banker Interests
The Consumer Financial Protection Bureau, which was formed in 2011 to protect the financial interests of the consumers of U.S., announced a new mortgage regulation that all the banks need to comply with. The rule will not only safeguard the consumers from faulty loans but also help Banks insure themselves against law suits. Barclays Joins UK Mortgage Rate Reduction Stream
Banking Giant Barclays announced that it will slash down mortgage rates up to 1 percent for new home investors. A new scheme, "The family Springboard Mortgage" was announced by the bank that is expected to help customers in financing their investments. BOFA to Sell Rights to Service $300 Billion Loans
Bank of America Corp is in talks to sell collection rights on $300 billion of mortgages, two sources familiar with the situation said, in an effort to offload problem exposure after huge losses from its Countrywide Financial acquisition.
