The most expensive homes in the United States experienced the highest rate of depreciation in 2007, according to Zillow’s Q4 Home Value report released today.… Read More »Zillow: Expensive Homes Experienced Largest Value Decline
Treasury Secretary Henry Paulson today unveiled a 218-page plan aimed at revamping the financial framework of the U.S. economy to promote economic growth and stability.… Read More »Paulson Unveils Financial Regulation Overhaul Plan
U.S. Housing and Urban Development Secretary Alphonso Jackson announced this morning that he would be stepping down on April 18th, according to a statement posted… Read More »HUD Secretary Alphonso Jackson to Resign
The sale of second homes, including vacation and investment properties fell to 33 percent of all transactions in 2007, down from 36 percent a year… Read More »Second Homes Sales Down in 2007
Defunct subprime mortgage lender New Century and its accounting firm KPMG were slammed in a saga of a report written by court examiner Michael J.… Read More »New Century and KPMG Accused of Improper Accounting Practices
Yesterday I saw a television ad from Wachovia touting their “Fixed Rate Pick-a-Payment Mortgage” as a sensible choice for homeowners. It struck me as a… Read More »Wachovia Pitching Pick-a-Pay Mortgage Amid Crisis
MGIC Investment Corp. announced today it has agreed to sell 37.3 million shares of common stock at a price of $11.25 per share, generating gross… Read More »MGIC Ups Stock Offering, Sells Debt to Raise Capital
The price of existing single-family homes across the United States continued to fall in January, with 16 of 20 metro areas posting record low annual… Read More »Home Prices Continue Downward March
The Independent Budget Office of New York City released its preliminary budget analysis for 2009 today, revealing that last year was one of the worst… Read More »Independent Budget Office: Wall Street Profits Lowest Since 1994
Presidential hopeful Hillary Clinton today revealed a four-pronged plan of attack to address the mortgage crisis, calling for the restructuring of more mortgages, the creation… Read More »Clinton Unveils Plan to Tackle Housing Crisis
