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The bank said that it would continue to provide home equity financing directly to customers, but that it would not originate or acquire home equity loans through indirect channels.
Diversified manufacturer Tyco International is also contributing to the uptick in M&A activity, announcing a $2 billion cash-and-stock deal to acquire home security services firm Brink's Home Security.
News broke tonight that The Blackstone Group, which operates the second largest equity fund businesses in the world, has agreed to acquire home automation giant Vivint in a deal that's worth just over $2 billion.
On the flip-side are the thousands of homeowners who cannot afford and do not acquire home insurance, taxes of which would go towards the Fire Marshall budget.
Thing Three: Your Town Could Own Your Mortgage: The housing crisis has gotten so bad that some California cities may use a controversial power to acquire home loans in an aim to help struggling borrowers.
Similar(55)
Arab Israelis who have tried to acquire homes on JNF land have been refused, sometimes after they have signed contracts and paid deposits.
But that recovery has not been enough to keep up with inflation, and many Americans, particularly younger adults who took on heavy debt to acquire homes before the housing bubble collapsed, are lagging.
At the lower-end of the market out closer to Central California, REO-to-rental is showing up as banks and REITs acquire homes to operate as single-family rentals.
And they increasingly don't care how those skills were acquired: home schooling, an online university, a massive open online course, or Yale.
Through an anonymous source he acquired home movies made by two pimps that showed them recruiting girls from the streets of New York City.
He was welcomed back with an immediate challenge to his residency, a barrel of snark and an inability to find so much as a frying pan in his modest, hastily acquired home.
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