In an effort to cut their losses, banks are paying some struggling homeowners as much as $35,000 to sell their homes before they end up in foreclosure.
Citigroup will pay $158 million to settle charges that its mortgage unit defrauded the Federal Housing Administration by inaccurately claiming that certain mortgages were eligible for government insurance, government officials announced Wednesday.
The nation's five largest banks have finally struck a deal with 49 states to settle charges of abusive and negligent foreclosure practices dating back to 2008.
Michael Foust, Digital Realty Trust CEO, discusses the growing business of leasing data center space as well as his company's growth prospects. The stock is up 24% over the past year and has a $7 billion dollar market cap.
Chattanooga, which has grappled with pollution and economic decay, is now home to a grassroots movement that hopes to kickstart the city ... with letters.
Forestar Group Inc. on Wednesday it posted a $22.9 million fourth-quarter loss, pulled down by hefty charges related to some of its real estate projects.
Non-distressed sellers are making up less and less of the overall housing market. That does not a healthy housing market make. Without good, move-up homes available, the market cannot see real price appreciation.
Zurich took over from Tokyo as the world's most expensive city to live in, according to the Economist Intelligence Unit's most recent world-wide cost-of-living survey. The list of the top 10 is equally divided between Asia and Europe, but doesn't include London or Hong Kong.
Developer Aby Rosen, who has been fighting headwinds to shore up his highly leveraged U.S. office buildings, faces a new threat, this one to his firm's large portfolio in Stamford, Conn.
One of South Beach's developers is creating a new shopping district in hopes of taking on Bal Harbour Shops, long the top draw for Miami's big spenders.
Timothy Mayopoulos, a former top executive at Bank of America who was forced out in 2008, has emerged as the leading internal contender to become chief executive at Fannie Mae.
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