Housing News
Cook County Accuses Wells Fargo of Predatory Lending By Brena Swanson Cook County, Illinois accused Wells Fargo (WFC) of targeting black and Latino borrowers for more costly home loans than their white counterparts in the Chicago area. Per Bloomberg: The bank’s tactics start at home-loan origination and continue through refinancing and foreclosure, the country said, …
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Chinese Investors Snap Up Property in Bankrupt Detroit By Eric Baculinao The new 10-year visas for the Chinese announced by Obama was another selling point BEIJING — Bankrupt Detroit’s thousands of empty buildings are being flogged at rock-bottom prices — and Chinese investors are answering the siren call of unbeatable deals. With family homes regularly …
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How To Determine If Your Mortgage Is Compromised. The following Checklist is intended to assist you in making an initial determination as to whether or not your mortgage has been controlled, manipulated, compromised or destroyed.
For Sale: Renovated Luxury Condo; Can Survive Nuclear Attack By Liz Moyer Affluent buyers worried about doomsday are snapping up well-appointed bunkers built in a former missile silo. When Tyler Allen agreed to fork over $3 million in cash for a luxury condominium near Concordia, Kan., he wasn’t attracted by the indoor swimming pool, 17-seat …
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The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare By Matt Taibbi | Rolling Stone Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne …
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Dangerous Housing Market-Manipulated Ponzi Style Boom-Fabian Calvo By Greg Hunter Real Estate expert Fabian Calvo says boom bust housing crisis is on the way. Calvo explains, “There are a lot of outlier indicators that show the run-up to another big boom in housing prices. If you look back and consider my theory of the ‘pump …
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A Tale of Two Green Homes By Leigha Dickens If you spend enough time in the environmental movement, you’ll undoubtedly get wrapped up in the philosophical discussions of what is the most “green.” Paper, or plastic? Off-grid, or grid-tied? Such debates are naturally going to arise in a movement whose goal is to improve the …
Does This Look Like A Housing Recovery To You? By Michael Snyder We just learned that the home ownership rate in the United States has fallen to the lowest level in 19 years. But of course this is not a new trend. As you will see in this article, the home ownership rate in the …
21-count Complaint against MERSCORP Holdings, Inc. By Dave Krieger LOS ANGELES — In a timely counterpunch, the Robinson’s new counsel has launched a 21-count Complaint against MERSCORP Holdings, Inc. and MERS, accusing it of concealing its trademark name from Daniel and Darla Robinson in violation of the Lanham Act. The “Act” is supposed to allow …
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Is This a Triple-Dip for U.S. Home Prices? By Jay Jenkins Seven years ago, the real estate market in the U.S. collapsed from underneath itself. Seven years is a long time. For the average American today, that’s about 10% of your life. After all that time, though, the real estate market still hasn’t fully recovered. …
30-Year-Mortgage Rate Seen Hitting 17-month Low of 3.8% By RuthMantell WASHINGTON (MarketWatch) — Fresh worries over economic growth may lead to rates for the popular 30-year fixed-rate mortgage tumbling to a 17-month low, a drop that could spur additional refinancing, experts said Wednesday morning after data rattled investors. The National Association of Realtors, which tracks …
Judge gives Kalamazoo County Green Light to Sell Woman’s Home after Property Tax Mistake KALAMAZOO COUNTY, Mich. — A Kalamazoo County judge has sided with county officials in a dispute where a Richland woman says her home is being seized over a property tax mistake. FOX 17 first talked with Deborah Calley in mid-September, when …
