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Bank of America Under the Microscope for Possible HAMP Violations
Posted on June 15, 2013
Bank of America could soon be in some serious hot water due to claims made by former employees. A statement made by Simone Gordon, a former Bank of America loss-mitigation specialist who departed the bank in 2012, said the bank improperly disqualified some applicants to the Home Affordable Modification Program or HAMP (source). Gordon’s statement[...]
Posted on June 15, 2013
Bank of America could soon be in some serious hot water due to claims made by former employees. A statement made by Simone Gordon, a former Bank of America loss-mitigation specialist who departed the bank in 2012, said the bank improperly disqualified some applicants to the Home Affordable Modification Program or HAMP (source). Gordon’s statement[...]
Home Repos Up Sharply in May
Posted on June 14, 2013
Banks are revving up their efforts to take back homes. In May, according to RealtyTrac, completed foreclosures were up 11 percent from the previous month (38,946 in May vs. 34,997 in April). In addition, it was the first time in five months the total had risen. Foreclosure starts also are on the rise, going up[...]
Posted on June 14, 2013
Banks are revving up their efforts to take back homes. In May, according to RealtyTrac, completed foreclosures were up 11 percent from the previous month (38,946 in May vs. 34,997 in April). In addition, it was the first time in five months the total had risen. Foreclosure starts also are on the rise, going up[...]
Housing Prices on the Rise Almost Everywhere
Posted on June 12, 2013
The housing market is showing a great deal of growth these days, and there are a number of studies to support this theory. According to FHFA (Federal Housing Finance Agency) pricing data the price of homes across the country rose 6.7% when compared to the same period of time in 2012 (source). These numbers are[...]
Posted on June 12, 2013
The housing market is showing a great deal of growth these days, and there are a number of studies to support this theory. According to FHFA (Federal Housing Finance Agency) pricing data the price of homes across the country rose 6.7% when compared to the same period of time in 2012 (source). These numbers are[...]
No More Pennies in Canada. Should the US Follow Suit?
Posted on June 12, 2013
In Canada, the Economic Action Plan of 2012 brought about the end of the Canadian penny. The thought process was that, when comparing the face value versus its rising production cost, it just didn’t make sense to make them anymore. For now at least, the existing pennies can still be used for as long as[...]
Posted on June 12, 2013
In Canada, the Economic Action Plan of 2012 brought about the end of the Canadian penny. The thought process was that, when comparing the face value versus its rising production cost, it just didn’t make sense to make them anymore. For now at least, the existing pennies can still be used for as long as[...]
Looking to "Kickstart" Your Business?
Posted on June 12, 2013
Because even Bill Gates had to start somewhere, there is an innovative presence on the Internet called Kickstarter. In a nutshell, Kickstarter helps those who need funding for any type of creative project they’d like to roll out to the public. These can be anything in the music, design, technology, film, gaming and art arenas, [...]
Posted on June 12, 2013
Because even Bill Gates had to start somewhere, there is an innovative presence on the Internet called Kickstarter. In a nutshell, Kickstarter helps those who need funding for any type of creative project they’d like to roll out to the public. These can be anything in the music, design, technology, film, gaming and art arenas, [...]
The 3% Interest Mortgage Loan May Be a Thing of the Past
Posted on June 12, 2013
According to a recent CNN.com article, the days of too-good-to-be-true mortgage interest rates below four percent will soon be just that. As recently as early May, the rates for a fixed mortgage were at 3.3%, but in the last week of that month they had already escalated to 3.91% (compared to 3.67% at the same [...]
Posted on June 12, 2013
According to a recent CNN.com article, the days of too-good-to-be-true mortgage interest rates below four percent will soon be just that. As recently as early May, the rates for a fixed mortgage were at 3.3%, but in the last week of that month they had already escalated to 3.91% (compared to 3.67% at the same [...]
Fewer Vacancies and Higher Demand Means Big Profits for Landlords
Posted on June 5, 2013
If you’re planning to rent a home in the near future, you may wish you could turn back the clock a few years to the time when the recession was at its peak. During that period, it was unquestionably a renter’s market. The nation’s rental-vacancy rate swelled to 8%, and landlords were scrambling to fill [...]
Posted on June 5, 2013
If you’re planning to rent a home in the near future, you may wish you could turn back the clock a few years to the time when the recession was at its peak. During that period, it was unquestionably a renter’s market. The nation’s rental-vacancy rate swelled to 8%, and landlords were scrambling to fill [...]
175,000 New Jobs in May Signals Guarded Optimism
Posted on June 4, 2013
Over the past few years, the warmth in the air meant a cold spell in the job market. A downturn in jobs has been the norm each spring – that is, until 2013 (source). In May, there were 175,000 new jobs, yet another indication that the economy is making slow but steady progress. While this[...]
Posted on June 4, 2013
Over the past few years, the warmth in the air meant a cold spell in the job market. A downturn in jobs has been the norm each spring – that is, until 2013 (source). In May, there were 175,000 new jobs, yet another indication that the economy is making slow but steady progress. While this[...]
Most Experts Believe Citi is in for Great Things, but One Expert Disagrees
Posted on June 1, 2013
A recent poll consisting of 34 respected financial analysts (tracked by Bloomberg) showed that a vast majority believe Citigroup is on the cusp of major profits. But one of the four dissenters is the well-respected Charles Peabody, lead researcher at Portales Partners, LLC – the very gentleman who foresaw and predicted the mortgage crisis as[...]
Posted on June 1, 2013
A recent poll consisting of 34 respected financial analysts (tracked by Bloomberg) showed that a vast majority believe Citigroup is on the cusp of major profits. But one of the four dissenters is the well-respected Charles Peabody, lead researcher at Portales Partners, LLC – the very gentleman who foresaw and predicted the mortgage crisis as[...]
Small Business Funding: All About the Small Business Association
Posted on May 30, 2013
The mission statement of the Small Business Administration (SBA) is to “Maintain and strengthen the nation’s economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters.”[...]
Posted on May 30, 2013
The mission statement of the Small Business Administration (SBA) is to “Maintain and strengthen the nation’s economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters.”[...]
