News & Headlines
A directory of real estate links, outlining the most popular news and other articles as voted on by the BiggerPockets community.
Links from: abcnews.go.com
Feds Announce $25B Foreclosure Deal
Government officials announced a record $25 billion settlement with the five biggest banks related to foreclosure abuses including "robo-signing" of documents.
Durbin to B of A Customers: Get the Heck Out of That Bank
Holding up a plastic debit card on the Senate floor this afternoon, Sen. Dick Durbin, D-Ill., had some advice for Bank of America customers angry about the new $5 monthly fee: leave. “Bank of America customers, vote with your feet, get the heck ou...
Google Chairman: Govt Strategy on Spending Cuts 'Ludicrous'
Google Chairman Eric Schmidt called the current economic strategy of cutting spending during a slow economy "ludicrous," pushing for greater government stimulus to generate demand. He also called for more certainty on economic policy through "pred...
7 House Hunting Tips From NYCs Hottest Real Estate Trio
When it comes to selling New York City’s most exclusive properties, Michele Kleier and her daughters Sabrina and Samantha, have taken high-end to the next level.
Commercial Mortgage Default Rates up, Pace Slows
U.S. commercial real estate loan delinquencies and default rates continued to march toward new records in the third quarter, but the pace of growth slowed, in yet another sign of a nascent industry recovery
FDIC Conducting 50 Investigations at Failed Banks
FDIC Conducting 50 Investigations at Failed Banks: Report
Fed Says Loan Standards Eased
The Federal Reserve said on Monday bank lending standards eased somewhat over the last three months while demand for business and consumer loans was largely unchanged.
Chicago Couple Charged in HUD Race Complaint
The U.S. Department of Housing and Urban Development has slapped a suburban Chicago couple with a housing discrimination complaint for allegedly agreeing to sell their home to a black family and then reneging on the offer.
Jobless Rate to Stay High: Former Fed No. 2
The United States will suffer high unemployment for some time as it slowly recovers from the deep recession that ended in 2009, a former second in command at the Federal Reserve said on Wednesday.
U.S. Bank Failures Reach 101 So Far This Year
U.S. bank failures reached 101 so far in 2010 on Friday as regulators seized five small banks, a faster pace of closures than last year when the century mark was not reached until October.
Lindsay Lohan Sentenced to 90 Days in Jail, 90 Days of Rehab
Lindsay Lohan's racked up another stint in jail. Today, Beverly Hills judge Marsha Revel declared her in violation of probation for her 2007 DUI conviction for failing to attend court-ordered alcohol education classes. Revel sentenced the starlet ...
Claustrophobics Beware of Beijing's Capsule Apartments
A claustrophobic's worst nightmare may help relieve China's housing crisis. As real estate prices continue to skyrocket in China's major cities, the dearth of affordable housing options has pushed low-income earners toward increasingly cramped ...
BofA Apologized for Accidental Repossessing Home, Taking Pet
Angela Iannelli returned home one day in October to find her house ransacked, doors padlocked and pet parrot Luke gone. But it wasn't the work of a burglar. It was Bank of America. The bank had repossessed her home even though the mortgage was cu...
Economists Warn Another Financial on Way
Even as many Americans are still struggling to recover from the country's worst economic downturn since World War II, another crisis ? one that will be even worse than the current one ?
Obama Mortgage Relief Program Fails to Deliver
It appears only about 750,000 homeowners — a fraction of the 3 million to 4 million originally projected — might complete the application process, predicts Mark Zandi, chief economist at Moody's Economy.com.
Foreclosures Weigh on Home Appraisals
Foreclosures crimp home value estimates & sabotage sales, appraisers are left on the defensive
Home Foreclosures Spell Bargains Investors
A surging home foreclosure rate across the U.S. means only one thing to Jeremy Burgess: financial opportunity
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