Saving Foreclosures from the Wrecking Ball
A private equity fund is betting $250 million on foreclosed homes. Menlo Park, California’s GI Partners is investing in WayPoint Real Estate Group, a company that buys foreclosed homes at discount...
View ArticleForeclosure Notations, Mortgage Debt both Drop
HousingWire says, according to the Federal Reserve Bank of New York, household indebtedness fell $53 billion from Q1 to the second quarter of 2012 to $11.38 trillion, $1.3 trillion below household debt...
View ArticleVacant Houses a Real Drag
Speaking at the Federal Reserve Bank of New York, HousingWire tells MHProNews Federal Reserve Governor Elizabeth Duke says the 1.6 million vacant houses across the nation are stalling a housing...
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