Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now, and what it means for your finances.
Delinquencies for loans on one to four-unit homes rose to a seasonally-adjusted rate of 9.64% of all outstanding mortgages in the U.S. for the third quarter, the Mortgage Bankers Association (MBA) reported today. Non-adjusted, the…
Builder confidence in the market for newly-built single-family homes remained unchanged at a low level in November, according to a report released on Tuesday by the National Association of Home Builders (NAHB). The NAHB/Wells Fargo…
On Monday, as part of its effort to increase consumer protections, the Federal Reserve Board announced proposed new rules that would restrict the fees and expiration dates that may eat up the value of gift…
New jobless claims for the week ending November 7 was 502,000, seasonally-adjusted, which is down 12,000 from the previous week’s revised figure 514,00, the Department of Labor (DOL) reported on Thursday. The four-week moving average,…
On Tuesday, the Obama Administration released the next monthly report for the Making Home Affordable loan modification program. As part of the administration’s ongoing commitment to transparency, the report includes for the first time state-specific…
Existing-home sales continue to rise in most states across the U.S. for the third quarter, according to a report released today by the National Association of Realtors (NAR). From the second quarter, sales rose in…
To help the housing recovery along and aid in stimulating the economy, President Obama signed an expanded and extended homebuyer’s tax credit last Friday. The $8000 first-time home-buyer’s credit was set to expire on November…
Pending home sales rose for the eighth straight month of consecutive gains – the longest winning streak since measurement in 2001 – according to a report released today by the National Association of Realtors (NAR).…
Nine more U.S. banks failed on Friday – all subsidiaries of one company, the FBOP Corporation. The banks were located mostly in the West: Arizona, California, Illinois, and Texas. The FDIC entered into a purchase…
The Department of Energy (DOE) announced on Thursday awards of $338 million in Recovery Act funding for the development domestic geothermal energy. The grants will be used to support 123 projects in 39 states for…
