Florida, Michigan, Texas, Ohio, and California combined for approximately 186,000 completed foreclosures during the year-long period ending in April, according to CoreLogic. This number represented more than 40 percent of the 461,000 completed foreclosures nationwide for the 12-month period that ended April 30. The number of 12-month completed foreclosures dropped by about 14 percent year-over-year …
Investors rattled by the U.K.’s vote to leave the EU have been prevented from yanking their money out of several U.K. property funds in recent days. This is happening in the UK right now. Think it can’t happen here? “Investors may wait six months before they get their hands on what remains of their cash …
Think It Can’t Happen Here? The Risks Of Mutual Funds Read More »
Background to the Gold Bullion Coin Act, Which Created The American Eagle Gold Coins by Joe Cobb, M.B.A. (University of Chicago) Here is an analysis of my first proposal in Congress, which was initially introduced by Rep. Dan Crane (R-IL). My good friend from our university days in Chicago, Bill Mencarow, was a principal staff …
How We Made Gold Ownership Legal After 50 Years Of Federal Prohibition Read More »
Ohio lawmakers passed legislation this week to quicken the pace at which abandoned foreclosures move through the pipeline. “Ohio has now put itself ahead of the national curve in fighting community blight,” Robert Klein, founder and chairman of Community Blight Solutions, told HousingWire. Klein says his Cleveland-based organization has worked for three years to get …
Home prices are rising way too fast compared to people’s income and wage growth. Indicators of another crash? READ MORE: http://www.cnbc.com/2016/06/23/new-warning-lights-for-rising-home-prices.html
A couple in Tampa, Fla., is facing foreclosure even though they have never missed a mortgage payment or did any business with the bank that is trying to foreclose on them. READ MORE: http://realtormag.realtor.org/daily-news/2016/02/18/couple-s-home-for-sale-without-them-knowing?om_rid=AADDXn&om_mid=_BWxiLHB9K6hd8P&om_ntype=RMODaily
HUD announced today (6/30/16) that is making the most significant changes to date for its Distressed Asset Stabilization Program (DASP) that include requiring purchasers of the delinquent loans to offer principal reduction to qualified borrowers. Other changes include prohibiting investors from abandoning low-value properties and offering greater opportunities for non-profits and local governments to participate …
FHA Now Requires NPN/NPL Buyers To Reduce Principal Read More »
Author Kevin Kruse recently interviewed over 200 ultra-productive people including seven billionaires, 13 Olympians, 20 straight-A students and over 200 successful entrepreneurs. He asked a simple, open-ended question, “What is your number one secret to productivity?” After analyzing all of their responses, he coded their answers into 15 unique ideas. …
15 Surprising Things Productive People Do Differently Read More »
Many traditional mortgage lenders have retreated from the business since new rules and higher standards were imposed after the financial crisis. Even with real-estate prices rebounding in California and other high-demand U.S. markets, cautious banks lean toward wealthier, lower-risk borrowers. Private lenders and other upstarts are filling the vacuum. That means a small but growing …
“The CFPB is truly something new in Washington: a powerful independent regulatory agency run by a single federal official who cannot be removed from office at the will of the President. In its short, unhappy life, the Consumer Financial Protection Bureau has compiled a record of abuse rivaling that of Washington’s most entrenched bureaucracies. But …
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