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Posts Tagged ‘mortgage’

Listing of the Week: The home Big Mac boxes built

02.09.2012 · Posted in Real Estate Investing

By Erika Riggs , Zillow 50000 Royal St., Park City UT For sale: $49,500,000 Zillow John Huntsman Sr's house.   When you have nine children and 56 grandchildren, your winter vacation getaway probably leans more toward mansion than cabin. Jon Huntsman, Sr.'s Park City home has 20,000 square feet of living space and 12 ...

JPMorgan CEO says foreclosure deal threatened

01.26.2012 · Posted in Real Estate Investing

JPMorgan Chase & Co Chief Executive Jamie Dimon said President Barack Obama's decision to expand investigations into home lending and sales of mortgage securities could stop settlement talks with the states over foreclosure practices. "It has a pretty good chance of derailing it," Dimon said in a televised interview with CNBC from Davos, Switzerland ...

Listing of the Week: Own your very own lighthouse

01.25.2012 · Posted in Real Estate Investing

Zillow The lighthouse was a specific part of this Maine home's design. By Erika Riggs, Zillow 85 Buck and Doe, Deer Isle, Maine For sale: $2,873,000 Long before GPS and smartphones, sailors depended on the blinking light of a far-off lighthouse to guide them. Although ships no longer rely on lighthouses, there's still something ...

Fannie Mae CEO to leave after successor chosen

01.13.2012 · Posted in Real Estate Investing

WASHINGTON  — Fannie Mae Chief Executive Michael Williams said on Tuesday he was stepping down from the government-controlled mortgage firm, which is at the center of a fight over how to reduce foreclosures. He will depart after a successor is appointed to lead the country's largest provider of U.S. ...

Foreclosures drop but don’t pour the bubbly yet

01.13.2012 · Posted in Real Estate Investing

NEW YORK  — About 1.9 million homes entered the foreclosure process in 2011, the lowest level since 2007 when the recession began, according to a report Thursday by the foreclosure listing firm RealtyTrac Inc. The firm cautioned that the decline does not necessarily indicate that the housing market is getting better, as many foreclosures ...

As home prices fall, more borrowers walk away

01.10.2012 · Posted in Real Estate Investing

John Brecher / msnbc.com David Martin, 68, in his home in north Seattle, Washington. He and his wife are facing retirement within five years, but their retirement income won't cover their mortgage. When David Martin and his wife bought their north Seattle condo five years ago, they figured they had plenty of time to ...