Housing
135 results total, viewing 91 - 100
Hailed by both institutions as a way to better serve the community, Roger Williams University is finalizing its takeover of HousingWorks RI, the housing policy research group. more
Commercial property for sale or lease in Rhode Island now has its own territory on a new website specifically designed to accommodate the needs of commercial Realtors, brokers, lenders, assessors and appraisers. more
It’s called “upselling” – steering home-mortgage applicants into higher-cost terms that increase the lender’s profits – and it was rampant during the housing boom years. It worked like this: Rather than putting borrowers into loans at the lowest rates and fees for which they were qualified, loan officers convinced them to sign up for more expensive ones. Loan officers who successfully squeezed more juice, or profit, out of their applicants got extra pay for doing so. more
Rhode Island’s decimated residential construction industry has three small pockets of activity, according to Rhode Island Builders Association Executive Director John Marcantonio. more
You may have seen two sets of news reports recently that didn’t quite add up: First, President Obama called for the liquidation of Fannie Mae and Freddie Mac, the country’s largest providers of funds for home mortgages. Then a couple of days later, Fannie Mae announced its sixth straight quarterly profit and said it was sending $10.2 billion in dividends to the Treasury. Freddie Mac also reported a hefty profit – $5 billion over the previous three months – and said it is providing $4.4 billion in dividends to the government. more
(Editor’s note: This is the first of a three-part series exploring the progress of East Providence’s 10-year effort to redevelop its waterfront and what it might mean for a similar effort underway in Providence.) more
BOSTON – As part of a settlement with H&R Block subsidiary Sand Canyon Corp., which formerly operated as Option One Mortgage Corp., Massachusetts has distributed close to $5 million to borrowers affected by the company’s alleged predatory lending practices, Attorney General Martha Coakley announced last week. more
Over the past three decades, interest rates have steadily declined. Now that rates are finally rising, bond as well as equity investors should be wary of certain areas in the markets. Investors must be aware that rising interest-rate pain is not limited to long-term bonds. There are a number of sectors in your portfolio that can be negatively affected by rising interest rates. more
Do you feel that hint of a chill starting to swirl through the housing market? The cooling is slight but it’s for real. Home prices are not rising as fast in most metropolitan areas as they did earlier this year and much of 2012. Multiple bid competitions – fierce in many places this spring and late last year – aren’t as intense. Inventories of homes for sale have increased this summer, reversing near droughts of listings that helped fuel higher prices. more
(Editor’s note: This is the second of a three-part series exploring the progress of East Providence’s 10-year effort to redevelop its waterfront and what it might mean for a similar effort underway in Providence.) more
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