Millennials leaving the basement to buy homes
A few years ago, I wrote “The economy will one day improve, and the millennials will move out of their parents' basements. When that happens, expect to see homeownership rates move back higher.”
A few years ago, I wrote “The economy will one day improve, and the millennials will move out of their parents' basements. When that happens, expect to see homeownership rates move back higher.”
Wells Fargo discriminated against black and Latino homebuyers in Sacramento, California, by pushing them into more expensive mortgages than white borrowers, according to a federal lawsuit that cites former employees. of a “long-standing pattern and practice” of illegal lending in minority and low-income communities that reduced home values, limited property tax revenue and drove up…
Defaulting on a loan typically triggers a higher interest rate – “default interest” – as one of many consequences for the borrower. The answer to that question has evolved from 1988 to the present, starting with the 9th Circuit's decision in In re Entz-White Lumber & Supply, Inc. 850 F.2d 1338, followed by the enactment…
Xavier Milton Earquhart is being held without bond in the Harnett County jail on 14 counts of bank fraud, five counts of engaging in monetary transactions involving criminally derived property and one count of aggravated identity theft. Earquhart was arrested in Wake Forest in June 2014 when residents on Coral Bell Drive saw him drilling…
In the classic movie film, “Gone with the Wind,” the owner of the Tara plantation admonished his daughter for remarking that she didn't care about her home. In a sharp rebuke, Gerald O-Hara declared that “land was the only thing worth living for, worth fighting fora worth dying for.” Foreclosure News
Do you ever feel like you are drowning in debt? Have you ever considered simply not paying your debts? What's the worst that can happen if you refused to pay them back? Unless you owe that debt to the “unregulated” end of the high-risk loan market, nobody named Vito is going to show up and…
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