Multifamily Expansion to Stay Brisk Through 2017: Freddie
WASHINGTON — The flood of new apartments will put upward pressure on vacancy rates in the next two years, but the multifamily market should stay strong, according to a new Freddie Mac forecast.  more »
Home sellers realized an average price gain since purchase of 11% ($20,378) last year, the biggest average price gain since 2007, according to RealtyTrac's Year-End 2015 U.S. Home Sales Report. more »
City officials in Hazard, Ky., are ramping up efforts to collect approximately $200,000 in back taxes after sending out 1,100 letters to delinquent taxpayers last week. more »
A Texas-based collections law firm announced Wednesday that it has helped communities across the state collect an estimated $2.2 million in property taxes from Radio Shack as the company works its way through bankruptcy proceedings. more »
Washington Attorney General Bob Ferguson has requested legislation that would create a program allowing Washington drivers to set up payment plans to pay traffic-based fines. The program aims to reduce the number of people in the state with suspended driver’s licenses, lower court costs and boost local revenue. more »
"Personal loans are super easy to get, they're fast, you can do it all online, there's transparency, and you don't have to talk to anybody," said Todd Albery, the CEO of Quizzle.com, a unit of Bankrate.
It's easier than ever for consumers to take out personal loans to pay down high-cost debt or fund big-ticket purchases, and two new studies show that they are taking full advantage of their options. more »
Navient, a loan management, servicing and asset recovery company that services approximately $300 billion in student loans, released fourth-quarter and full-year financial results that reveal total delinquency rates are at the lowest levels in a decade. more »
RealtyTrac on Wednesday released its Year-End 2015 U.S. Home Equity & Underwater Report, which shows that there were 6.4 million U.S. properties seriously underwater - where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value. more »
A racketeering lawsuit against Sherman Financial Group, one of the country's largest debt buyers, can't move forward as a class action, a federal judge in Indianapolis has ruled. more »
In South Africa, parents who default on school fees are increasingly being turned over to debt collectors to help debt ridden high schools. more »
The U.S. Department of Education has granted more time for companies to submit offers to perform debt collection work under a Request for Proposal. more »
Elevate Credit, an online lender, has temporarily delayed an initial public stock offering because of difficult market conditions. The firm was set to price its initial public stock offering Thursday. more »
Debt-buying giant PRA Group Inc.'s stock fell Wednesday to a 52-week low. After opening at $27.60, PRA Group dropped to $26.75. By the closing bell, the company's stock was at $27.72 a share for a loss of 0.89%. more »
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