By Ovetta Wiggins
Washington Post Staff Writer
Thursday, October 14, 2010
Less than a year after Prince George's County lost millions in federal housing aid, a report is calling on the next county executive to revamp the housing department by conducting a national search for a director, setting up a local trust fund for housing needs and offering more rental housing. more...
Thursday, October 14, 2010
Tuesday, October 12, 2010
Financial regulators planning worldwide rules for large firms
By Howard Schneider
Washington Post Staff Writer
Sunday, October 10, 2010; 9:09 PM
International bank regulators are planning a fresh wave of rules for the world's most important financial companies in an effort to ensure that firms considered "too big to fail" are better protected from collapse - and that taxpayers are insulated from the fallout if they do. more...
Washington Post Staff Writer
Sunday, October 10, 2010; 9:09 PM
International bank regulators are planning a fresh wave of rules for the world's most important financial companies in an effort to ensure that firms considered "too big to fail" are better protected from collapse - and that taxpayers are insulated from the fallout if they do. more...
Friday, October 8, 2010
Reston-based company MERS in the middle of foreclosure chaos
By Brady Dennis and Ariana Eunjung Cha
Washington Post Staff Writers
Friday, October 8, 2010; 12:01 AM
As courts across the country face a wave of foreclosures, a name little known to the public has cropped up on thousands of court filings as a stand-in for prominent banks, lenders and mortgage servicers. more...
Washington Post Staff Writers
Friday, October 8, 2010; 12:01 AM
As courts across the country face a wave of foreclosures, a name little known to the public has cropped up on thousands of court filings as a stand-in for prominent banks, lenders and mortgage servicers. more...
Monday, October 4, 2010
Top Real Estate Updates: Week of September 4th, 2010
Home prices up, but growth rate slows
U.S. home prices
Case-Shiller Index, US House Prices, (2000 = 100)
By Les Christie, staff writerSeptember 28, 2010: 10:38 AM ET
NEW YORK (CNNMoney.com) -- Home prices have risen for five straight months, but the rate of growth has slowed, according to an industry report released Tuesday.
Prices inched up 0.6% in July compared with June, according to S&P/Case-Shiller 20-city home price index. On a year-over-year basis, prices rose 3.2% compared with July 2009. more...
Mortgages under 5% are back in bloom
With one of the key measures below the benchmark for the second week in a row, would-be home buyers face the best rates since the spring.
By Julianne Pepitone, CNNMoney.com staff reporter
Last Updated: October 8, 2009: 1:03 PM ET
NEW YORK (CNNMoney.com) -- The possibility of securing a mortgage rate below 5% has greatly improved in recent weeks, in a positive sign for would-be home buyers.
Home mortgage rates fell for the sixth straight week, according to two key measures, with one of them pointing to a sub-5% rate for the 30-year fixed loan for the second week in a row. more...
The powers (of attorney) that be: What you need to know now
By Harvey S. Jacobs
Special to The Washington Post
Saturday, October 2, 2010
On Oct. 1, the Maryland General and Limited Power of Attorney Act took effect. The changes make it more difficult to delegate a power of attorney, and so this tool can no longer be regarded as a last-minute alternative to attending a real estate closing.
Dubbed "Loretta's Law," the measure was partially the result of one family member abusing the power entrusted to her by her elderly aunt. more...
U.S. home prices
Case-Shiller Index, US House Prices, (2000 = 100)
By Les Christie, staff writerSeptember 28, 2010: 10:38 AM ET
NEW YORK (CNNMoney.com) -- Home prices have risen for five straight months, but the rate of growth has slowed, according to an industry report released Tuesday.
Prices inched up 0.6% in July compared with June, according to S&P/Case-Shiller 20-city home price index. On a year-over-year basis, prices rose 3.2% compared with July 2009. more...
Mortgages under 5% are back in bloom
With one of the key measures below the benchmark for the second week in a row, would-be home buyers face the best rates since the spring.
By Julianne Pepitone, CNNMoney.com staff reporter
Last Updated: October 8, 2009: 1:03 PM ET
NEW YORK (CNNMoney.com) -- The possibility of securing a mortgage rate below 5% has greatly improved in recent weeks, in a positive sign for would-be home buyers.
Home mortgage rates fell for the sixth straight week, according to two key measures, with one of them pointing to a sub-5% rate for the 30-year fixed loan for the second week in a row. more...
The powers (of attorney) that be: What you need to know now
By Harvey S. Jacobs
Special to The Washington Post
Saturday, October 2, 2010
On Oct. 1, the Maryland General and Limited Power of Attorney Act took effect. The changes make it more difficult to delegate a power of attorney, and so this tool can no longer be regarded as a last-minute alternative to attending a real estate closing.
Dubbed "Loretta's Law," the measure was partially the result of one family member abusing the power entrusted to her by her elderly aunt. more...
Friday, October 1, 2010
J.P. Morgan Chase to freeze foreclosures over flawed paperwork
By Ariana Eunjung Cha
Washington Post Staff Writer
Wednesday, September 29, 2010; 11:36 PM
J.P. Morgan Chase, one of the nation's leading banks, announced Wednesday that it will freeze foreclosures in about half the country because of flawed paperwork, a move that Wall Street analysts said will pressure the rest of the industry to follow suit. more...
Washington Post Staff Writer
Wednesday, September 29, 2010; 11:36 PM
J.P. Morgan Chase, one of the nation's leading banks, announced Wednesday that it will freeze foreclosures in about half the country because of flawed paperwork, a move that Wall Street analysts said will pressure the rest of the industry to follow suit. more...
Walking away with less
By Dina ElBoghdady and Dan Keating
Sunday, September 26, 2010; 4:03 AM
A new wave of distressed home sales is rippling, more quietly this time, through American cities and suburbs. Its unsettling effects are playing out here in Manassas, along Brewer Creek Place, a modest, horseshoe-shaped street lined with 98 brick townhouses. Several years after the U.S. foreclosure crisis erupted, the U-Hauls are back.
The last time, banks seized nearly every fourth house on the street through foreclosure. This time, homeowners are going another route: a short sale. more..
Sunday, September 26, 2010; 4:03 AM
A new wave of distressed home sales is rippling, more quietly this time, through American cities and suburbs. Its unsettling effects are playing out here in Manassas, along Brewer Creek Place, a modest, horseshoe-shaped street lined with 98 brick townhouses. Several years after the U.S. foreclosure crisis erupted, the U-Hauls are back.
The last time, banks seized nearly every fourth house on the street through foreclosure. This time, homeowners are going another route: a short sale. more..
Here's more information about the program.
Report gives stimulus package high marks
By Lori Montgomery
Washington Post Staff Writer
Friday, October 1, 2010; 1:38 AM
The massive economic stimulus package President Obama pushed through Congress last year is coming in on time and under budget - and with strikingly few claims of fraud or abuse - according to a White House report to be released Friday. more...
Washington Post Staff Writer
Friday, October 1, 2010; 1:38 AM
The massive economic stimulus package President Obama pushed through Congress last year is coming in on time and under budget - and with strikingly few claims of fraud or abuse - according to a White House report to be released Friday. more...
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