Hub News

D.C. Housing Market Off to a Good Start in 2015

The Washington Post reported some encouraging news on Tuesday: The housing market in D.C. is off to a good start in 2015, despite the winter’s less-than-favorable weather conditions. According to the paper, which analyzed a brand new set of data

All-Cash Home Sales Continue to Decline

CoreLogic reported on Monday that the number of all-cash home sales has now fallen for 24 straight months. With the numbers from December 2014 going public this week, CoreLogic was able to confirm that 35.5 percent of total home sales

Report: Remodeling Not Always the Answer in Trying to Sell Your Home

CNBC released a new report on Friday, warning homeowners that remodeling their homes may not always be the best idea when trying to sell because not all renovations pay for themselves in added value. “Pretend you’re the buyer,” suggested Cheryl

Report: Home Equity Loans Face New Risk

CNBC’s “Reality Check” writer Diana Olick reported on Thursday that many homeowners are beginning to feel the pinch leftover from taking out a home equity line of credit (HELOC), which was popular between 2005 and 2008 when the financial crisis

Bank of America Mortgage Bond Settlement Upheld

A New York state appeals court ruled on Thursday that it has approved, in its entirety, Bank of America Corp.’s $8.5 billion settlement with mortgage securities investors. With the ruling, Manhattan’s Appellate Division has most likely resolved one of the

CNBC Reveals Three Housing Market Hot Spots

David Goldberg, UBS analyst, appeared on CNBC’s Power Lunch on Wednesday to explain why Las Vegas, Phoenix and Atlanta are currently the country’s three biggest housing hot spots. According to Goldberg, all three cities boast good job growth, easy comps

Consumer Spending Expected to Pick Up in Coming Months

According to a new report by CNBC, economists on Wall Street and at the Federal Reserve tend to agree that consumer spending is likely to increase at a more rapid pace in the coming months. As reporter Michael K. Farr

Wells Fargo Caps Subprime Auto Loans

Wells Fargo announced on Monday that it has put a cap on the amount of money it will loan to subprime borrowers. As reported by CNBC, according to execs, the San Francisco-based banking giant “is limiting the dollar volume of

February Mortgage Rates End Bad Month on Good Note

February was a less-than-stellar month as far as mortgage interest rates go, but as it drew to a close over the weekend, consumers saw modest gains. By Friday afternoon, rates slipped to as low as 3.75 percent for a 30-year

FHA Publishes Its Middle Class Promise

Biniam T. Gebre, the Acting Federal Housing Administration Commissioner and Acting Assistant Secretary for Housing, took to the FHA’s blog on Thursday to share an impassioned note about the organization’s recent decision to decrease its PMI premiums. In a piece

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