An entire day was spend by key lawmakers trying to close a deal allowing as much as $300 billion to be used by the government for home loans and oversight the mortgage industry. After a day of arguments and discussions, the lawmakers were able to put things closer together, but were not able to finalize [...]

Trump Marina hotel Casino, found in Atlantic City, is being sold to a New York Company, Coastal Marina LLC, for $316 million. Coastal Marina said that the casino would be brought form Trump Entertainment Resorts Inc. which owns two other casinos in Atlantic City namely the Trump Plaza Hotel and Casino, and The Trump Taj [...]

According to survey, more than 243,000 filings for foreclosure have been recorded April 2008, which is higher by 65% the previous year, giving the local governments big problems. The Congress has been discussing and debating plans on how to aid this problem and the troubled homeowners. But even with the Congress’ initiative, the rate of [...]

Due to soaring costs in regular-day living, rapidly increasing population, and concerns about the environment, the “dream house” is not anymore as big as it used to be. Americans have always dreamt of a big house with everything they ever wanted, but today, it seems that it would just add up to the big expenses. [...]

Due to price crash all around the country, prices of houses have been more affordable and have shown dramatic improvements among U.S. cities. The latest Housing Opportunity Index, 53.8% of existing and new homes were sold all across the nation. This significant increase took only the first three months of the year to be made [...]

FBI warns real estate buyers and investors about the highly increasing frauds in mortgage. Complaints about these mortgage frauds have been piling up and would almost certainly break the record of last years reports. For the first six months of this year, suspicious activity reports have risen to an alarming 33,359. This amount would most [...]