Just under 23 percent of all home mortgages across the United States are currently “under water,” according to a report by CoreLogic, the information, analytics and business services firm.
Goldman Sachs Group, Inc. is marshaling evidence to parry a Senate report that led the Manhattan District Attorney's office to subpoena the bank, the Wall Street Journal reported.
Silver Prices handed back most of Wednesday's gains, dropping 6% inside three hours before hovering around $37 per ounce.
Goldman Sachs' mortgage-servicing division, Litton Loan, was accused of denying loans without proper review.
Rental real estate can generate non-cash losses through depreciation of its building and improvements as well as accruing interest on mortgages it may have. If the property is owned by a limited partnership these losses are passed through to the individual partners in the partnership on their K-1.
Protests have erupted in Spain in response to the country’s devastatingly poor economy, high unemployment and the government’s draconian austerity measures that affect mostly the middle class.
The following are the remarks by President Barack Obama for his weekly address addressing the need to increase U.S. oil production on Saturday, May 14, 2011.
The top after-market NASDAQ Stock Market gainers are: Tree.Com, Vermillion, Velti, Star Bulk Carriers, and Penson Worldwide. The top after-market NASDAQ Stock Market losers are: Imris, Andatee China Marine Fuel Services, Celldex Therapeutics, Universal Display, Winn-Dixie Stores, Yahoo!, and Nvidia.
The top after-market NYSE gainers on Tuesday are: Federal Agricultural Mortgage, ExamWorks Group, Capital Trust, Rosetta Stone and Hovnanian Enterprises. The top after-market NYSE losers are: Molycorp, Diana Shipping, Aircastle, AMB Property and F.N.B. Corp.
Almost five years ago, in A New Book on Taxation of Residence Sales: Don't Leave Home Without It, I reviewed Julian Block’s HOME SELLER’S GUIDE TO TAX SAVINGS.”
Though the unemployment rate did tick up to 9%, the U.S. economy had a net increase of 244,000 jobs in April.
World renowned musician Prince has reportedly fallen behind $368,382 on the mortgage to his former home in Chanhassen, Minnesota, which now faces a foreclosure auction.
Futures on major U.S. indices point to a lower opening on Wednesday, ahead of economic data including ADP national employment report and ISM non-manufacturing index.
FBR Capital Markets upgraded its rating on shares of Flagstar Bancorp, Inc. (NYSE: FBC) to "outperform" from "market perform" and raised its price target to $2 from $1.75, after its reassessment of the company's burn-down book value.
The International Monetary Fund (IMF) that robust economic growth in the Asia-Pacific region may lead to overheating and rising inflationary pressures.
The United States Attorney for the District of Connecticut announced that John Bryk, 61, of Trumbull, has waived his right to indictment and pleaded guilty before United States District Judge Janet C. Hall in Bridgeport to one count of conspiracy to make a false statement in a Department of Housing and Urban Development transaction.
Faced with its worst financial situation in over 30 years, Portugal avoided default on Friday by paying off maturing 2005 bonds.
The president's reforms may have a major impact on the U.S. economy and the housing market in particular.
Mortgage applications in the U.S. fell for a second straight week ended April 1., despite mortgage interest rates remaining flat.
Mortgage applications in the U.S. fell in the week ended March. 25, following an sharp increase in mortgage interest rates.
Pending home sales in the US rebounded sharply in February, after showing a decline in the previous two months.
Sales of single-family houses in the US fell unexpectedly in February, showing continued weakness in the housing industry recovery.
