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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 Example are You Setting with Baby's First Bunny Bank? My wife and I got invited to a Christening the other day. In fact the Dad might even be reading this post. (If you are reading, G, we aren't likely to make the 3,000 mile trek. We will be doing Relay For Life). Anyway, we wanted to send a gift...... -
Residential Housing To Drop Another 25% Since 2005, I've been saying that San Diego home prices are way overpriced and are due for a 40-45% correction. The homes are so far out-of-whack thats it's 30-50% cheaper to rent than it is to buy. Of course, the National Association of Realtors (the cheerleaders of the real estate...... - Lending Club Investor and Borrower Requirements As I stated last week, one of the reasons I moved to California was so that I could start a Lending Club IRA account and start lending money in the P2P network. For some reason, Washington, D.C. decided to be unreasonable and have not approved social lending for its citizens.......
- Home Prices to Fall Another 30%: Analyst Who Called Crash Makes Bearish Call on Real Estate Several readers have emailed me over the past few weeks asking my opinion on the current state of the real estate market after my post on mark-to-market accounting practices. The gist of these questions went something like this: Is now the time to buy a house? Have we hit a......
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Homeowner Fires Realtor, Gives Away Mercedes Benz to Sweeten Deal Think the economy is improving and homeowners aren't desperate to sell? Think again. This motivated seller is obviously dissatisfied with his Realtor's performance, and decided to sweeten the pot with by throwing in his Benz as a freebie. Desperate? Yes. Effective? Time will tell. I realize this example is a......
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