Another Mortgage Storm Brewing?

by Christopher Winkler, Manager, Silverwood Capital Fund I http://silverwoodcapitalfund.com Interesting article by Diana Olick (@DIANAOLICK) over @ CNBC.com that talks about most Millennial buyers remorse after purchasing a home. Almost 2/3 had regrets in one way or another, compared to 44% of US homeowners who have regrets. Some of the reasons are: Repairs & Maintenance: …

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Real Estate Wire Fraud Is Real — And It Almost Happened To This Forbes R.E. Columnist

by Aly J. Yale, Senior Contributor, Forbes I cover mortgage, housing and real estate. It all started with an email. Just days before closing on a home, I got a message from my escrow officer—or at least someone pretending to be her. Our closing costs needed to be wired to the title company right away, …

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The Hottest Real Estate Markets Projected

Veros Real Estate Solutions predicts that the following 10 housing markets will see the greatest appreciation through June 1, 2020: Odessa, Texas: 9.7% Coeur D’Alene, Idaho: 9.5% Idaho Falls, Idaho: 9.4% Boise City-Nampa, Idaho: 9.1% Midland, Texas: 8% Bellingham, Wash.: 7.8% Spokane, Wash.: 7.4% Kennewick-Pasco-Richland, Wash.: 7.2% Pocatello, Idaho: 7.2% Yakima, Wash.: 7.2% READ MORE:  …

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Minneapolis Abolishes Single Family Home Neighborhoods

The Minneapolis City Council has approved the Minneapolis 2040 comprehensive plan, which declares the city’s intent to abolish single-family-home zoning and allow duplexes and triplexes to be built anywhere in the city. Single-family-only neighborhoods, a staple of city and suburban planning, are woven into the DNA of the American dream: the leafy, peaceful street lined …

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Stearns Lending declares Chapter 11 bankruptcy

Just nine months ago, Stearns Lending was very much in growth mode, acquiring an equity interest in Citywide Home Loans, rolling out new loan programs and acquiring other new lending channels. But the tide appears to have turned as Stearns is now facing Chapter 11 bankruptcy. Stearns Holdings, the parent company of Stearns Lending, announced Tuesday that it is launching a “comprehensive financial …

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New Nevada Foreclosure Law

Effective June 10, 2019, Nevada AB393 (the “statute”) adds foreclosure restrictions and a pre-foreclosure notice requirement concerning the rights of federal, state, and tribal workers who may be affected by a government shutdown (“affected worker”).  The statute was passed and is effective as of June 10, 2019, without any language as to retroactive effect. The …

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New Law Prohibits Debt Collectors From Contacting Certain People

President Donald Trump signed a bill on July 1 that in part will prevent private debt collectors from pursuing low-income individuals who owe money to the Internal Revenue Service. The Taxpayer First Act makes several administrative changes to the IRS, including creating an independent appeals process, strengthening the IRS’ ability to proactively combat identity theft …

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