Hub News

BofA, Citigroup, JPMorgan Seeking Buyers for $4.5 Billion of Loans

Bank of America Corp., Citigroup and JPMorgan Chase & Co. have begun accelerating the sales of $4.5 billion worth of home loans, Bloomberg Business is reporting. According to Mission Capital Advisors, the loans are made up of various types of

Inside Miami’s Troubled Condo Market

The overall housing market in Miami bounced back for a record year in 2014 – with the sales of single-family homes rising 7.7 percent in the fourth quarter from the same period in 2013. But one area of the market

Top 5 Forces Driving Down Mortgage Interest Rates Identified

In a new report out Thursday, the Urban Institute identified the top five forces that have contributed to the consistent downward trend of mortgage interest rates over the last year and a half. According to Metro Trends writers Ellen Seidman

Castro Praises FHA Reductions to Congress

Julian Castro, the Department of Housing and Urban Development secretary, told the House Financial Services Committee on Wednesday that he believes the Federal Housing Administrations (FHA) made the right decision last month when it announced it would be reducing its

Increasing Optimism In Housing Market

Fannie Mae’s National Housing Survey shows increasing optimism in the market, as employment and economic conditions have improved. 29% of respondents stated that their income has increased significantly over the last 12 months. 48% of respondents said that they expect

Tips For Investing Home-Equity

Home values are rising, and homeowners are becoming tempted to invest home-equity in the stock market. Investors should know their risks, understand relationships with banks, and pay attention to differing fees. Image via Instagram/Pat__Watkins Continue to original source

Consumer Confidence Is Lifting New Home Sales

According to a new report by The Wall Street Journal, the housing market is beginning to see signs of improvement, and much of that has to do with the current growth in consumer confidence. As the paper points out, new

Brooklyn’s Most Expensive Real Estate Listing Hits the Market

A four-floor townhouse in Brooklyn just hit the market for $40 million, making it the most expensive listing ever in the New York City borough. According to CNBC, the 17,500-square-foot home boasts 16 bedrooms and 16 bathrooms and is currently

Google Launches Mortgage Calculator

Google can now help you out in your mortgage-related endeavors, as the search engine has just launched a brand new mortgage calculator. According to CNBC, the calculator can help you figure out how much mortgage you can afford, or switch

PMI Better Than Expected at Protecting Taxpayers

The Urban Institute revealed on Tuesday that private mortgage insurance is even more effective than originally predicted at protecting Fannie Mae, Freddie Mac and the American taxpayers from losses. PMI is paid by homeowners who are not able to put

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