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” A state agency awarded more than $26 million in tax credits for affordable housing Thursday — including awards that will support two controversial projects in Midtown Cleveland.”
Risk Pays Off, While Treasury Plays Run Aground
” Corporate bonds and asset-backed securities recovered to levels last seen before the financial world fell apart in September, and the thawing credit markets enabled more borrowers to raise cash.”
The June Non-farm Payrolls Report
“The headline jobs number came out worse than expected, and the paint peeled off the US stocks tape from its recent run into the end of the second quarter.
The trend herd had been looking at the bounce off the bottom and before today’s number had some hopes that the leveling off or even a surprise to the upside would confirm a bottom in the economy. The sharp downturn threw cold water on those happy thoughts.”
Beazer To Pay Up To $53M To End Mtge Fraud Charges
“Beazer Homes USA Inc. (BZH) will pay up to $53 million to settle mortgage fraud charges related to federally insured mortgage loans the company made to buyers of its homes, the Justice Department announced Wednesday.”
Housing finance reforms were nearly scrapped
‘At one stage, despite all the effort that has gone into finding solutions, it looked as if reform would be put into the too difficult tray in Whitehall, he said.
Fortunately it has not and there now lies ahead the challenge of delivering what the minister calls a radical dismantling of the notorious system.
Housing authority awarded funds
“The Concord Housing Authority could begin building a development at Parmenter Road by the fall, after receiving federal funding to help the project along.”
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What You Need To Know About Foreclosure Scams Home foreclosure is becoming a far more common problem now then it was just a few years ago. Often it originates from one missed payment which soon spirals out of control. Before you know it you have missed three or four payments and the mortgage lender or bank wants...... -
Millions of U.S. borrowers owe more on their mortgages than their homes are currently worth! [/caption] CNNMoney had an article last week titled 7.5 million homeowners 'underwater'. It's primarily a breakdown, by state, of what percentage of mortgages are higher than the value of the underlying asset. The technical term for this is negative equity, but it's also know as being underwater or upside...... -
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