Economics



Cleveland, demolition, settlement, lawsuits, vacant houses

Cleveland, demolition, settlement, lawsuits, vacant houses

News
February 20, 2012

A large portion of a multibillion-dollar settlement between the state of Ohio and several large mortgage lenders will go toward demolition of foreclosed, dilapidated houses in the Cleveland area instead of struggling families as intended.

student debt, housing recovery, rising, Bloomberg

student debt, housing recovery, rising, Bloomberg

News
February 20, 2012

A new report from Bloomberg indicates that first-time homebuyers are having difficulty securing loans thanks to student loan debt totals nearing $1 trillion.

Features
February 20, 2012

Restraints on credit for home buyers and home builders continue to impede the housing and economic recovery, Federal Reserve Chairman Ben Bernanke said at recent meeting of the National Association of Home Builders (NAHB) Board of Directors in Orlando.

builder confidence, housing index, housing market index, home builder

builder confidence, housing index, housing market index, home builder

News
February 07, 2012

Builder confidence in the 55+ housing market for single-family homes went up four points to 18 compared with the same period a year ago, according to NAHB's 55+ Housing Market Index. 

housing market, home market, home builders

housing market, home market, home builders

News
February 03, 2012

The CEOs of some of the nation’s biggest homebuilding companies said Thursday that they feel the housing market has stabilized, but they were careful not to be overly optimistic even with the spring home-selling season coming up.

standard and poor, credit ratings, investment, credit rating

standard and poor, credit ratings, investment, credit rating

News
January 31, 2012

The Illinois Attorney General has filed a lawsuit against Standard & Poor’s, claiming that the agency gave fraudulently high ratings to risky mortgage-backed investments in the years prior to the 2008 housing market crash

home prices, home price index, housing market

home prices, home price index, housing market

News
January 31, 2012

Home prices fell for the third consecutive month in November in almost all cities covered by the Standard & Poor’s/Case-Shiller home price index.

24/7 Wall Street, mortgage debt, top 10 states

24/7 Wall Street, mortgage debt, top 10 states

News
January 30, 2012

Investment blog 24/7 Wall Street compiled a list of the top 10 states with the highest average mortgage debt, using data from Credit Karma.

Obama, State of the Union, task force, Eric T. Schneiderman, financial fraud

Obama, State of the Union, task force, Eric T. Schneiderman, financial fraud

News
January 30, 2012

During his State of the Union address last week, President Obama announced the creation of a new unit that will investigate financial institutions suspected of improperly bundling home loans into securities for investors, according to a New York Times story.

foreclosure sales, third quarter, 2011, total home sales, CNNMoney, RealtyTrac

foreclosure sales, third quarter, 2011, total home sales, CNNMoney, RealtyTrac

News
January 27, 2012

The third quarter of 2011 saw more than 200,000 foreclosed homes purchased nationwide, which accounted for 20 percent of all sales in that period, according to a CNNMoney story based on RealtyTrac data.

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