News

Fed Urges Big Banks to Set Aside More Capital

The Federal Reserve unveiled a proposal on Tuesday that would require several of the nation’s largest banks to set aside even more capital than they already have. According to CNN Money, the new requirement is called “capital surcharges,” and the

Experts Weigh in on Investing in Housing Versus Stock Market

Although the government has once again been pushing for home ownership as the best way for individuals to build wealth, financial experts are quick to caution against it. “It would perhaps be smarter, if wealth accumulation is your goal, to

FHA Loan Limits to Remain Untouched into 2015

The Federal Housing Authority (FHA) announced on Friday that federal limits on conforming loans will remain mostly unchanged from 2014 to 2015. In high-cost areas like San Francisco and New York, the loan limits – or the maximum amount the

Realtor.com Releases List of Top Housing Markets for 2015

As the job market continues to improve and first-time homebuyers make their way back into the house hunt, 2015 is expected to see a significant improvement in home sales nationwide. Taking several data points into consideration, including population growth, affordability

Housing Supply on the Rise in Suburban D.C.

According to a new report by CNBC, there has been a recent surge in the number of the houses listed for sale in the Washington, D.C., suburb of Northern Virginia. Unfortunately, however, the increase in listings has not translated into

Report: Many American Spending Too Much on Housing

A new survey conducted by the Demand Institute has revealed that many Americans are spending too much of their income on housing. According to the findings, which polled 10,000 U.S. households, nearly 40 million Americans are spending more than 30

Price Slashed on NYC Mansion Owned by Sarah Jessica Parker

Sarah Jessica Parker and husband Matthew Broderick have lowered the asking price on their New York City mansion from $22 million to $19.95 million after failing to attract a buyer for the second time. The couple purchased the 6800-square-foot property

First-Time Homebuyers Could See Mortgage Fees Lowered

The Federal Housing Administration has sent its borrowing fees soaring over the last five years in an attempt to rebuild its dwindling cash cushion. But now that the agency has finally gotten its cash reserves back into the black, many

Childhood Neighborhoods Help Determine Future Earnings

A new study conducted by Douglas Massey of Princeton University and Jonathan Rothwell of the Brookings Institution has confirmed that the neighborhood in which an individual lives for the first 16 years of his or her life has a greater

Montana Couple Settles Lawsuit Over Mortgage

A Montana couple has settled their lawsuit against Bank of America after the financial giant allegedly “acted negligently and fraudulently” when Abraham and Betty Jean Morrow attempted to refinance their mortgage in 2008. According to the Associated Press, the couple built a home

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