Compelling biometric features to unlock phones is ‘abuse of power,’ U.S. judge rules
ABA Journal Daily News
Inside Possible Blockbuster Colorado Case Heading to U.S. Supreme Court
One of the biggest U.S. Supreme Court cases of 2018, involving Masterpiece Cakeshop owner Jack Phillips's refusal to make a wedding cake for a gay couple , came from Colorado. So, too, does a dispute involving Dennis Obduskey that the Supremes are scheduled to hear early next year. Foreclosure News
U.S. home flipping returns drop to nearly four-year low
ATTOM Data Solutions , has released its Q2 2018 U.S. Home Flipping Report, which shows that homes flipped in the second quarter of 2018 yielded an average gross return on investment of 44.3 percent, down from 47.8 percent in the previous quarter and down from 50.0 percent in Q2 2017 to the lowest average gross […]
Canadian vs U.S. real estate: Winner and loser since 2008
The 2008/9 recession hit the housing market hard in both countries – this infographic reveals who has come out on top in the past decade The U.S. housing market was even harder hit by the 2008/9 recession than here in Canada. The sub-prime crisis brought many homeowners to financial insolvency, and foreclosures soared south of […]
Wealth gap for minorities in the U.S. has continued to widen post-recession
The gap between the rich and the poor in the U.S. has been widening – and for minorities, it is a chasm. The difference between what minority Americans earn and hold in wealth compared to white Americans has been broadening since 1986 and has increased significantly since the onset of the Great Recession, according to […]
Nearly 1.5 Million Vacant U.S. Homes In Q3 2018 Represent 1.52…
Nearly 1.5 Million Vacant U.S. Homes In Q3 2018 Represent 1.52 Percent Of All Single Family Homes And Condos /PRNewswire/ — ATTOM Data Solutions , curator of the nation's premier property database, today released its 2018 Vacant Property and Zombie Foreclosure Report, which shows that nearly 1.5 million U.S. single family homes and condos were […]
HSBC settles decade old U.S. mortgage securities allegations
Resolving allegations of misleading buyers about the quality of mortgage-based securities sold in the years preceding the 2008 financial crisis, the London-based lender, HSBC Holdings has finally put an end to a decade old scandal. The U.S. housing market crash a decade ago was largely triggered by residential mortgage backed securities, while left investors fuming […]
Foreclosed homes are appreciating faster than the typical U.S. home
Homes that were foreclosed on during the recession are rising in value at a breakneck pace, much faster than the typical U.S. home. The median crisis-era foreclosed home increased 10.3% in value over the past year, versus just 6.5% for the median home overall in the U.S., according to a new analysis from real-estate website […]
Ten years after onset of Great Recession, how are U.S. retirees doing?
This month marks 10 years since one of the most dramatic events of the financial crisis – the collapse of the Lehman Brothers investment bank. In the financial crash and Great Recession that followed, millions of Americans lost their homes and jobs and saw their prospects for a secure retirement damaged. Foreclosure News
Bank of America stops U.S. foreclosures for review
Bank of America on Friday halted foreclosures on homes across the country so it could review paperwork in tens of thousands of cases for flaws, expanding a crisis at a perilous time for the housing market. The move came as PNC Financial Services became the fourth major bank to announce that it would stop foreclosures […]