22January2012
Posted by John under: News.
The numbers are grim: China's property bubble is heading for a spectacular burst, and its effect on the country's economy will be widespread.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/yIMjDVDEaCY" height="1" width="1"/20January2012
Posted by John under: News.
A three-bedroom home for $15,000? These foreclosed homes may be in some of the U.S.'s hardest hit neighborhoods, but the deals may be too good for some buyers to pass up.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/F9U5l8Cncyo" height="1" width="1"/20January2012
Posted by John under: News.
You don't have to be underwater on your mortgage to feel trapped in your home.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/UfULzUMoCXc" height="1" width="1"/20January2012
Posted by John under: News.
Home sales ended a difficult year on a high note, resulting in a gain in full-year sales volume.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/abGK1b7CvXw" height="1" width="1"/19January2012
Posted by John under: News.
New home construction slowed slightly in December after a strong November showing, but was still much more active than a year earlier.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/JNcjpzQWW1Y" height="1" width="1"/18January2012
Posted by John under: News.
As if being in prison wasn't bad enough. O.J. Simpson's life has taken another sour turn: He's now facing foreclosure on his Kendall, Fla. home.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/_kp2y2VBLug" height="1" width="1"/18January2012
Posted by John under: News.
With more than 200,000 households receiving foreclosure notices each month, there are bound to be a few mistakes. But for some unlucky homeowners, these blunders carry some serious consequences.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/b66JCrbOxIU" height="1" width="1"/16January2012
Posted by John under: News.
Laurie Goodman is an apolitical number cruncher who has spent most of her 28-year career out of the public view, studying the minutiae of mortgage-backed securities (MBS) for big investment banks. She's long been a star among Wall Street insiders, however. She holds the record for the most top rankings for fixed-in-come research from the trade bible Institutional Investor.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/QSwbfXPTHhg" height="1" width="1"/13January2012
Posted by John under: News.
It may not be 1600 Pennsylvania Ave., but the presidential candidates reside in some pretty nice digs. Here's a look at where they live -- at least, for now.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/0B6nB2zb_Cw" height="1" width="1"/10January2012
Posted by John under: News.
Fannie Mae CEO Michael Williams plans to resign, the government-controlled mortgage giant said Tuesday. Williams, who took over as president and CEO of the troubled company in 2009, will continue as CEO until Fannie Mae's board names a successor. The firm did not provide a specific reason for Williams' departure; in a statement, Williams said only that he had decided that "the time is right to turn over the reins to a new leader." Williams will leave behind a firm still struggling to get its finances in order. In November, Fannie Mae reported a net third-quarter loss of $5.1 billion. The loss forced the firm to ask for another $7.8 billion in funding from the Treasury Department, a request that took its bailout total to $112.6 billion. Federal regulators put Fannie Mae and fellow government-sponsored enterprise Freddie Mac into conservatorship during the financial meltdown in September 2008. The sister companies now depend on government help to cover losses on the mortgages they own or guarantee. In October, Freddie Mac CEO Ed Haldeman also announced plans to step down at some point this year. Williams and Haldeman have faced scrutiny in recent months for their hefty paychecks, granted even as their firms rely on taxpayer support. The targets for their 2011 pay, which will include deferred compensation, are set at about $6 million a piece. In December, the Securities and Exchange Commission charged six former executives of Fannie Mae and Freddie Mac, including former Fannie CEO Daniel Mudd and former Freddie chief Richard Syron with securities fraud. The SEC alleges that the executives misrepresented the firms' holdings of high-risk mortgage loans ahead of the financial crisis.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/KHSuwNWQ8DE" height="1" width="1"/