Why Big Banks Are Pouring Billions Into Reviving the Housing Market
JPMorgan Chase, the nation's largest bank, is a name typically attached to big numbers. But a new plan to invest $750 billion into housing market initiatives in the next decade stands out. The bank announced this summer it would deploy $750 billion into the housing market through 2035. Its "American
New Escrow Rules May Eliminate Interest Payments: What Homeowners Stand To Lose—and Why Your State May Be Suing To Save Your Money
Last Tuesday, 10 states filed a lawsuit suing the Office of the Comptroller of the Currency in order to block new rules regarding escrow payments. The collection of attorneys general, led by Oregon, argue that two newly enacted provisions that would allow banks to sidestep state laws requiring them
‘The Game Is Over’: Sellers Are Facing Reality on Pricing and Backing Off Unrealistic Demands
After a year of high interest rates and slow sales, home sellers are finally facing the music this summer—and getting real about home prices. According to the Realtor.com® economics team, last year was a "Cruel Summer," marked by excess inventory, flagging sales, and a general sense that buyers and
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