Fixed-Rate Mortgages: What You Need to Know
Fixed-rate mortgages are the chicken soup of home loans. In an uncertain world, they stand out for their comforting reliability.
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VA Issues VALERI Servicer Newsflash Regarding Reporting on Loans Impacted by Natural Disaster
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In a recently published VALERI Servicer Newsflash , the VA indicated that Electronic Default Notification events on current loans that are impacted by a natural disaster should not be reported. As explained in the Newsflash, the “EDN event should only be reported prior to the 61st day of delinquency, with 'Property Problems' as the reason…
Is Emerging Europe Experiencing A Housing Bubble
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Although recent price and lending growth has been rapid in many Emerging Europe countries, housing prices in much of the region remain below the highs seen before the 2008-09 global financial crisis, while rising incomes have contributed to improved affordability. Although few Emerging Europe countries face the risk of a real-estate bubble in the short…
Sheriff’s Sale Notices
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The Sheriff's Sale mortgage foreclosure notices for the Jan. 9, 2018, sale, along with the December tax sales, are now available. On Thursday, the fifth anniversary of the enactment of the Magnitsky Act, the U.S. law named for the lawyer who exposed a $ 230 million fraud from the Russian Treasury, a prosecutor called on…
Peter Boutell, Lending a Hand: No down payment required for military veterans
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Military veterans may not realize that one of the benefits available to them is being able to buy a home without requiring a down payment. The Veterans Administration Home Loan Guarantee Program allows a veteran to buy a home priced up to $ 679,650 in Santa Cruz County without a down payment and without the…
Single-family landlords are sinking cash into Rust Belt rentals
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Al Beahn was a 22-year-old college grad living in his parent's basement in the Detroit suburbs when he bought his first investment property in 2009. It cost him $ 27,000 and he flipped it three months later for a $ 16,000 profit. Foreclosure News
City budget hearings come to end with no consensus on who deserves a tax break
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City Councilmembers raised difficult questions about tax breaks for developers at a time when costs are rising for residents at a Department of Revenue hearing on Tuesday, the last in a long series of agency appearances before the City Council. Across the political spectrum, councilmembers called on finance and revenue officials to consider reforms to…