Tag Archives: Banks

Higher-End Homes Finally Selling Again

“While there’s still a risk that the fiscal cliff will derail the housing recovery, the balance between supply and demand suggests that, if anything, the risks around our forecast of a 5 percent increase in house prices next year are … Continue reading

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Housing Recovers, but the Repo Man Is Back

Foreclosures continue to ease in the formerly hard hit states, like California, Arizona and Nevada, as investor demand continues to prop up home prices and clear distress from those markets. Newly started foreclosures fell 63 percent from a year ago … Continue reading

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Bank of America Slashes $4.75 Billion Off Mortgages

As part of the sweeping national mortgage servicing settlement that went into effect in March, officials at Bank of America said they are halfway to fulfilling their mandate of providing $7.6 billion worth of consumer relief.  The bank [BAC  Loading…  … Continue reading

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Home Prices Rise, but Analysts See Pressure Ahead

While sales of existing homes are still on a bumpy road to recovery, home prices are seeing steady gains.  Nationally, prices rose 2.6 percent in August, according to a repeat sales index from Lender Processing Services. Prices are up an … Continue reading

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Refi Boom Benefits Borrowers and Big Banks

Article source: http://www.cnbc.com/id/47722580?__source=RSS*blog*&par=RSS

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