Aly Yale – Millionacres – Thursday, September 24, 2020 For those in the market (or at least hoping to be soon), signing a long-term lease just doesn’t make sense. People need the flexibility to move quickly should a suitable house hit the market, and your traditional 12-month agreement doesn’t allow for that. There’s no doubtContinue reading “More People Are Looking for Month-to-Month Rentals. Should You Offer Them on Your Property?”
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Majority of Young Adults Are Living At Home
Empty nest no more? The COVID-19 pandemic has prompted millions of young adults to move back in with their parents since the spring. The majority of 18-to-29-year-olds now live with their parents, surpassing the previous peak during the Great Depression, the Pew Research Center reports In July, 52% of 18-to-29-year-olds lived with one or bothContinue reading “Majority of Young Adults Are Living At Home”
Why the run of record-low mortgage rates may be ending
Doug Whiteman – MoneyWise – Saturday, September 12, 2020 According to a popular survey that’s been around since 1971, mortgage rates have hit a record low — for the ninth time in 2020. Mortgage company Freddie Mac says its survey shows mortgages this week are averaging just 2.86%. You might assume you’ve got plenty ofContinue reading “Why the run of record-low mortgage rates may be ending”
HUD NEWS U.S. Department of Housing and Urban Development – Ben Carson, Secretary Office of Public Affairs, Washington, DC 20410 HUD No. 20-136 FOR RELEASE Public Affairs Monday 202-708-0685 August 31, 2020 HUD.gov/press HUD SECRETARY BEN CARSON HOSTS AFFORDABLE HOUSING ROUNDTABLE AND VISITS HABITAT FOR HUMANITY IN NORTH CAROLINA CONCORD, N.C. — U.S. HousingContinue reading
‘We Could be Living in the 1890s’: How Housing Discrimination is Still Perpetuated Today
Brenda Richardson – Money.com – Monday, August 24, 2020 More than a half century after its passage, a landmark law promoting residential integration is being undermined by political attacks. Intended as a follow-up to the Civil Rights Act of 1964, the Fair Housing Act was signed by President Lyndon Johnson on April 11, 1968, daysContinue reading “‘We Could be Living in the 1890s’: How Housing Discrimination is Still Perpetuated Today”
Empowering military consumers–all year long
This is a joint blog by the Department of Defense (DoD), the FTC and the Consumer Financial Protection Bureau (CFPB).JUL 31, 2020 As we approach the end of Military Consumer Protection Month, it’s time to think about how we can support servicemembers all year long. Seven years ago, the Federal Trade Commission (FTC) launched MilitaryContinue reading “Empowering military consumers–all year long”
A troubling tale of a Black man trying to refinance his mortgage
Diana Olick – CNBC – Wednesday, August 19, 2020 Black applicants are rejected by mortgage and mortgage refinancing lenders at much higher rates than Whites. Akili Akridge had all the right stats: a steady six-figure salary, an 800 FICO credit score, and 20% equity in a home. He experienced firsthand the persistent racial discrimination inContinue reading “A troubling tale of a Black man trying to refinance his mortgage”
Month-To-Month Lease??
A month-to-month lease is a contract between the landlord and tenant that establishes tenancy with no scheduled end date. Instead, either the landlord or tenant may terminate the contract at will, as long as proper notice is given. Most state or local laws require either 30, 60 or 90 days’ notice, but the lease agreement will specify.Continue reading “Month-To-Month Lease??”
CoreLogic Reports Doubling in Delinquent Mortgages
The surge of mortgage delinquencies expected in the wake of the pandemic has apparently begun, and the numbers are stark. According to a report released today (Aug. 11) by CoreLogic (NYSE: CLGX), 7.3% of U.S. residential mortgages were in some state of delinquency — ranging from 30 days past due to already in foreclosure —Continue reading “CoreLogic Reports Doubling in Delinquent Mortgages”
The hidden link between private mortgage insurance and your credit score
It’s something few homebuyers understand but more should. It’s the importance of your credit score when buying a home, especially if you have a low down payment and must buy private mortgage insurance.Private mortgage insurance, known as PMI, protects the lender’s investment when the borrower pays less than 20 percent down. When the homebuyer reachesContinue reading “The hidden link between private mortgage insurance and your credit score”
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