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I’ve been waiting for this one to come. Last week the Attorney General for New York, Eric Schneiderman, finally sued Bank of America, J.P. Morgan Chase and Wells Fargo basically for fraud in the foreclosure mess from both 2010 and last year where many people were being foreclosed upon without the proper documentation or even [...]
Buying a house can be a fun but challenging and time-consuming task. There will be a lot of time spent in sight-seeing and visiting different prospect locations before landing to the perfect and ideal site. This process entails financial resources. Thus, it is something that you must take great precaution in. This article gives you [...]
If you’d asked a novice forex trader before the subprime meltdown in 2007, if there was an obvious correlation between volatility in the American mortgage market and currency rates, you may have received a puzzled look. Since then, people’s recognition of the words “Credit Default Swap” has expanded exponentially; even if they don’t necessary know [...]
I live in one of the more stable housing markets in the country. These days stable pretty much means that the value of housing in this area isn’t falling. The rate of foreclosures are higher than normal, but not close to the number other states are dealing with. by Roger Wollstadt via Flickr However, even [...]
Buying a home is one of the largest financial decisions a person can make. The process of looking for the perfect home, saving up for a down payment, and finding the right lender who can give you the best interest rate takes a huge amount of time and discipline to make sure that you are [...]
Last week a study came out saying that 61% of people asked still believe that they want to buy a home and that they see it as a great investment. I hate to bring people down, especially since I’d love to see the housing market recover, but that’s just not reality. by James Thompson via [...]
A new study came out recently that said many people are still interested in buying and owning a home, even with all the mess that’s been the housing market over the past few years. Of course, there are a lot of great deals in many states so it makes buying attractive. Still, one has to [...]