Another wave of foreclosures likely in new year
(PhysOrg.com) -- As we near the end of the year, Phoenix-area home prices have started to go up, but another wave of foreclosures is likely to hit soon. That's according to the author of the latest...
View ArticlePenn State law professor sheds light on foreclosure crisis (w/ Video)
(PhysOrg.com) -- Penn State Law Professor Marie Reilly, a bankruptcy and banking law expert, worries that the backlash over the current foreclosure crisis may be the "medicine that kills the patient."...
View ArticleMortgage defaults at lowest levels in five years
(PhysOrg.com) -- Default risk on home loans fell once again this quarter to its lowest level in more than five years, says a professor at the University of Michigan's Ross School of Business.
View ArticleOne factor can make mortgage modifications up to one-third more likely, study...
One factor, little-known by borrowers, can play a large role in whether banks are willing to renegotiate mortgages with homeowners who are struggling to meet payments.
View ArticleGoogle Advisor helps manage money
Google on Friday began providing US Internet users with tools for making financial decisions.
View ArticleRecent financial crisis rooted in politics of creditworthiness, new study...
A common reading of the recent subprime mortgage crisis pins the blame on bankers and loan brokers who extended mortgages to those who could not afford them, thereby inflating a housing bubble that was...
View ArticleChinese-Americans don't overborrow, study finds
Bad mortgage loans and rampant consumer debt were two of the primary causes for the recent economic recession in the U.S. Despite a national trend of debt problems, a University of Missouri researcher...
View ArticleWireless startup LightSquared files for bankruptcy
LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.
View ArticleCrowdfunding aims to help students follow their dreams
A new crowdfunding platform that lets investors back individual people rather than specific ideas or projects will be piloted at the University of Michigan and four other universities this fall,...
View ArticleMortgage risks underestimated, economists conclude
(Phys.org)—The Federal Housing Authority (FHA) underestimates the risks of defaulted mortgages, NYU economist Andrew Caplin concludes in a new study co-authored with economists at the Federal Reserve...
View ArticleIn emails to UK police, Anonymous seeks solidarity
(AP)—The online movement known as Anonymous has made an unusual appeal to British police: "Stand with us."
View ArticleZoning restrictions also a key factor in foreclosure crisis, scholar says
The causes of the foreclosure crisis seem obvious: Buyers purchased homes they couldn't afford, lured in part by lenders pushing subprime mortgages. Real estate values escalated, and when the bubble...
View ArticleOutstanding interest-only mortgages put older people at risk
One in three over 70's with mortgages have interest-only mortgages with no linked investment and 13 per cent of older people with mortgages are struggling to make repayments on their home. These are...
View ArticleCyber risks can cause disruption on scale of 2008 crisis, study says
Organisations must dramatically improve their response to cyber risks to avoid a new global shock on the scale of the financial crisis that rocked the world in 2008, a study showed Tuesday.
View ArticleZillow raises IPO expected price range
(AP) -- Real estate listing and information service Zillow Inc. said Friday it now hopes to raise up to $71.6 million through an initial public offering, up from its original expectation of as much as...
View ArticleZillow sets IPO at $20 per share in Weds.
(AP) -- Real estate listing and information service Zillow Inc. will sell shares for $20 apiece in its initial public offering Wednesday.
View ArticleMortgage modification policies slow employment recovery, economists say
In a new study, UCLA economists estimate that means-tested mortgage modifications, which significantly reduce mortgage payments to households whose incomes have declined, have raised the unemployment...
View ArticleGovernment closes mortgage scams tied to Google
(AP) -- The federal government has shut down dozens of Internet scam artists who had been paying Google to run ads making bogus promises to help desperate homeowners scrambling to avoid foreclosures.
View ArticleCriminal probe into online mortgage scams widens
(AP) -- A criminal investigation into mortgage swindlers who lured their victims with deceptive online ads is widening.
View ArticleStudy posits a theory of moral behavior
(PhysOrg.com) -- Why do some people behave morally while others do not? Sociologists at the University of California, Riverside and California State University, Northridge have developed a theory of...
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