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Good news for house flippers and anyone looking to get in on the action, as there are huge profits to be had from the undertaking. According to CNBC, only four percent of home sales in the first quarter of this

The city of Los Angeles is suing Wells Fargo for allegedly committing fraud and taking advantage of its customers, CNBC is reporting. According to the news site, the court papers filed by the LA city attorney suggest that the bank

On Saturday, Warren Buffett defended Clayton Homes – Berkshire Hathaway’s lending unit – from a series of negative declarations, including the accusation that it had partaken in some predatory lending. “We are not forcing loans on anybody. If they had

More than one in four renters has to spend at least 50 percent of their total household income to pay for housing and utilities, according a new analysis of Census data. That number is up 26 percent from 2007, shooting

According to a new report released on Tuesday by the National Association of Realtors (NAR), the number of pending home sales in March was the highest it’s been since June 2013. The data released by the NAR showed the Pending

The cost of newly constructed homes in the U.S. has risen drastically over the last several years, and it’s no wonder; because as the Wall Street Journal points out, the driver is simple: houses are getting bigger. According to CoreLogic,

Quicken Loans is being charged with mortgage fraud by the U.S. Justice Department for approving hundreds of mortgage loans that didn’t meet federal standards. On Thursday, April 23, the Department of Justice reported that between September 2007 and December 2011,

Forget gold and stocks – real estate in Manhattan, Vancouver and London is where the wealthiest citizens of the world are now choosing to invest their riches. “The two greatest stores of wealth internationally today is contemporary art….. and I

Reuters reported on Monday that General Electric Co. is in early, confidential talks with Wells Fargo & Co. about potentially selling its entire U.S. commercial lending and leasing portfolio to the bank. According to a source familiar with the situation,

The Labor Department announced on Thursday that jobless claims are up 12,000 this week, bringing the total number to 294,000. “Continuing claims dropped just a bit from 2.31 to 2.268, where they currently stand,” CNBC’s Rick Santelli added. Although these