Wochit Business
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5 selected videos
Housing Sales Up, Inventory Down: 2017 Real Estate Looks Good
The number of sales of existing homes this year is expected to reach nearly 5.5 million. That's the highest since 2006 – but inventory is down. According to real estate firm Trulia, the number of available starter homes dropped by more than 10 percent. So, what does all this mean for the millions of Americans who are considering buying a home next year? CBS News business analyst Jill Schlesinger told “CBS This Morning” Wednesday she thinks it's fine. She said, “It’s been a good year...
Related topics : sale new homes / estate homes for sale / real homes for sale / available homes for sale
Beware Of Student Loan Repayment Scams
Millions of Americans are struggling to pay off their student loans and desperate to find a way to lower those monthly payments. Scammers know this, so they’ve created phony student loan “debt relief” companies that promise to help – for a price. Law enforcement has taken notice of this relatively new industry. Illinois Attorney General Lisa Madigan is cracking down on companies that can’t deliver on their “too good to be true claims” to reduce or eliminate student loan...
Related topics : debt student loan
U.S. Judge Rejects Bank Of America Mortgage Modification Class Action
U.S. judge rejects Bank of America mortgage modification class action
A federal judge has ruled that a lawsuit accusing Bank of America Corp of reneging on promises to help distressed homeowners modify their mortgage loans, and instead driving them into foreclosure, cannot proceed as a class action.
http://news.yahoo.com/bank-america-defeats-class-certification-hamp-mortgage-case-140828344--sector.html
http://www.wochit.com
Related topics : loan modification mortgage
Praktiker shareholder mulls taking over bank loans
Praktiker shareholder mulls taking over bank loans
Isabella de Krassny, a leading shareholder of insolvent German home improvement retailer Praktiker is considering buying out banks in a move to save the company. deKrassny said, "An insolvency is not the end. Together with other investors we are considering buying the loans held by banks." She and her husband Alain de Krassny together own about 15 percent of Germany's No. 3 DIY...
Related topics : bank home loan
Wells Fargo Cuts 925 More Mortgage Jobs
Wells Fargo cuts 925 more mortgage jobs
(Reuters) - Wells Fargo & Co , the largest U.S. mortgage lender, is laying off 925 employees in its home loan unit as rising rates cut into demand for refinancing.
http://feeds.reuters.com/~r/reuters/businessNews/~3/Vbmz4WSSp6w/story01.htm
http://www.wochit.com
Related topics : mortgage rate home loan
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