Mortgages Texas – Home Associates http://homeassociates.org/ Wed, 23 Nov 2022 13:02:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://homeassociates.org/wp-content/uploads/2021/05/home-associates-icon-150x150.png Mortgages Texas – Home Associates http://homeassociates.org/ 32 32 CoreLogic: US Mortgage Delinquencies Remain Near All-time Low in September | Illinois https://homeassociates.org/corelogic-us-mortgage-delinquencies-remain-near-all-time-low-in-september-illinois/ Wed, 23 Nov 2022 13:02:23 +0000 https://homeassociates.org/corelogic-us-mortgage-delinquencies-remain-near-all-time-low-in-september-illinois/

IRVINE, Calif.–(BUSINESS WIRE)–November 23, 2022–

CoreLogic, a leading global provider of property insights, analytics and data solutions, today released its Monthly Loan Performance Report for September 2022.

This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20221123005161/en/

Figure 1: National overview of loan performance (Graphic: CoreLogic)

For the month of September, 2.8% of all mortgages in the United States (about 1.4 million loans) were in some stage of late payment (30 days or more past due, including those in progress seizure), which represents a decrease of 1.1 percentage points compared to 3.9% in September 2021.

To get a complete view of the mortgage market and the health of loan performance, CoreLogic examines all stages of delinquency. As of September 2022, default and transition rates in the United States, and their year-over-year changes, were as follows:

  • Early delinquencies (30 to 59 days late): 1.2%, compared to 1.1% in September 2021.
  • Unfavorable delinquency (60 to 89 days late): 0.4%, compared to 0.3% in September 2021.
  • Serious delinquency (90 days or more past due, including loans in foreclosure): 1.2%, down from 2.4% in September 2021 and a high of 4.3% in August 2020.
  • Seizure inventory rate (the share of mortgage loans at some stage of the foreclosure process): 0.3%, compared to 0.2% in September 2021.
  • Transition rate (the share of mortgages that went from current to 30 days past due): 0.6%, unchanged from September 2021.

Overall, U.S. mortgage delinquencies hovered near record lows again in September, with all but one state and metro Illinois registering at least slight annual declines. However, with a potential recession and a projected rise in the national unemployment rate looming, one might expect some uptick in delinquency rates in 2023. That said, 99% of homeowners with mortgages have locked in rates less than 6%. Therefore, even if overdue activity shows a slight increase, it is unlikely to cause the kind of real estate slowdown seen during the Great Recession, when questionable underwriting practices allowed buyers to take mortgages that exceeded their budgets.

“All stages of delinquency remained weak in September,” said Molly Boesel, senior economist at CoreLogic. “Early, overall and serious delinquency were either at or below their pre-pandemic rates. The low unemployment rate, which has also returned to the level seen before the COVID-19 outbreak, contributes to the strong performance of mortgages. However, if the United States enters a recession, we can expect an increase in crime rates.

State and Metro Takeout:

  • In September, all states posted year-over-year declines in overall crime rates. The states with the largest declines were Louisiana (down 2.9 percentage points); as well as Hawaii, Nevada and New Jersey (all at 1.8 percentage points). The other states, including the District of Columbia, had annual delinquency rates between 1.7 percentage points and 0.3 percentage points.
  • All but one US metro area has seen at least a slight annual decline in overall delinquency rates, with only metro Decatur, Illinois seeing a 0.2 percentage point gain since September 2021.
  • All US metropolitan areas posted at least a slight annual decline in serious crime rates, with Odessa, Texas (down 4.1 percentage points), Laredo, Texas (down 3.2 percentage points) and Midland, Texas (down 2.9 percentage points) posting the largest declines.

The next CoreLogic Loan Performance Insights report will be released on December 29, 2022, with data for October 2022. For current housing trends and data, visit the CoreLogic Intelligence blog: www.corelogic.com/intelligence.

Methodology

The CoreLogic LPI report data represents reported foreclosure and delinquency activity through September 2022. The data in this report only accounts for primary liens against a property and does not include secondary liens. Delinquency, transition and foreclosure rates are measured only against homes that have an outstanding mortgage. Houses without mortgage liens are not subject to foreclosure and are therefore excluded from the analysis. CoreLogic has approximately 75% coverage of US seizure data.

Source: CoreLogic

The data provided is intended for use only by the primary recipient or the primary recipient’s publication or broadcast. This data may not be resold, republished, or licensed to any other source, including publications and sources owned by the primary recipient’s parent company without CoreLogic’s prior written permission. All CoreLogic data used for publication or dissemination, in whole or in part, must be sourced from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation should directly accompany the first data reference. If the data is illustrated by maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or on the website. For questions, analysis, or data interpretation, contact Robin Wachner at newsmedia@corelogic.com. For all sales enquiries, contact sales@corelogic.com. Data provided may not be changed without prior written permission from CoreLogic. Do not use the data illegally. This data is compiled from public records, contributory databases and proprietary analysis, and its accuracy depends on these sources.

About CoreLogic

CoreLogic is a leading global provider of property information, analytics, and data-driven solutions. The company’s combined data from public, contributory and proprietary sources includes more than 4.5 billion records spanning over 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, location, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets and the public sector. CoreLogic delivers value to customers through unique data, analytics, workflow technology, advisory and managed services. Customers rely on CoreLogic to identify and manage growth opportunities, improve performance and mitigate risk. Based in Irvine, California, CoreLogic operates in North America, Western Europe and Asia-Pacific. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its affiliates. All other trademarks are the property of their respective owners.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221123005161/en/

CONTACT: Media contact:

Robin Wacher

CoreLogic

newsmedia@corelogic.comSales contact:

sales@corelogic.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY INSURANCE DATA ANALYSIS FINANCE BANKING PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: CoreLogic, Inc.

Copyright BusinessWire 2022.

PUBLISHED: 11/23/2022 08:02 / DISK: 11/23/2022 08:02

http://www.businesswire.com/news/home/20221123005161/en

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Amplify Credit Union: 2022 Home Equity Review https://homeassociates.org/amplify-credit-union-2022-home-equity-review/ Fri, 18 Nov 2022 17:15:00 +0000 https://homeassociates.org/amplify-credit-union-2022-home-equity-review/

Amplify Credit Union is based in Austin, Texas and was founded in 1967 by IBM employees. Although Amplify home equity loan products are only available to homeowners in Texas, the credit union offers low fees and flexible maximum loan amounts for those who qualify.

Amplify the credit union

The credit union has five branches across Texas. You must become a member of a credit union to be eligible for its home equity mortgage loan and line of credit, or HELOC. Although its branches are only in Texas, it offers other banking services in all 50 states.

Amplify Credit Union: At a Glance

Types of loans offered

Home Equity Loan

HELOC

APR range

From 6.17%

From 6.75%

Loan amounts

Starting at $25,000. The maximum amount depends on the amount of equity in your home

Starting at $25,000. The maximum amount depends on the amount of equity in your home

Credit score requirements

N / A

N / A

Repayment Terms

Five to 20 years

Drawdown over 10 years, repayment over 10 years

Average approval time

12 days minimum

12 days minimum

Amplify is best suited for borrowers who live in Texas and want to join a credit union. There are many ways to become a member, from living in the Lone Star State to becoming a member of the American Red Cross.

You can borrow up to 80% of the value of your home with Amplify. If you’re looking to receive a lump sum of cash at a fixed interest rate, a home equity loan may be right for you. However, if you need different amounts of money over a long period of time — to finance a major home renovation, for example — a variable interest rate HELOC makes more sense.

Keep in mind that Amplify’s home equity loan interest rates increase with the term of your loan. So, for example, if you want to pay off your loan over a long period of time, your interest rate may increase to as high as 7.20% for a 20-year (240 month) home equity loan.

You can use the “Help Me Choose” tool on the Amplify website to determine which type of loan best suits your needs.

What we like

  • Flexible maximum loan limit: A homeowner who has outstanding credit and significant home equity has more flexibility in the maximum amount they can borrow.
  • Minimal fees: As required by Texas law, a lender can only charge a fee of up to 2% of your loan amount, which benefits you as a borrower because in some cases lenders can charge up to 5% of the total amount of your loan in fees.

What we don’t like

  • Only available in Texas: Amplify Home Loans are only available to members who live in Texas. The credit union, however, offers nationwide banking services.
  • Short repayment period: Amplify’s HELOC option only has a 10-year repayment period, which is short compared to the 20-year repayment period typically offered by many lenders.
  • Minimum Withdrawal Requirements: Your initial HELOC withdrawal must not be less than $10,000 and each subsequent withdrawal must be at least $4,000, giving you limited flexibility. Even if you don’t need all the money you need to withdraw, you will still have to pay interest, which will make your loan more expensive over time.

Home equity loan options

Amplify offers both home equity loans and HELOCs. For qualified borrowers, the credit union also offers home improvement loans at lower interest rates if you work with a contractor to renovate your home. Amplify is also behind the purchase of mortgages.

Costs

While there are no application fees or prepayment fees with Amplify, you will be charged a closing fee of $325 regardless of the size of your loan. One of the benefits of taking out a home equity loan in Texas is that the total amount of fees you will pay cannot exceed more than 2% of your loan.

How to qualify

Your credit score and credit history are the primary factors Amplify uses to decide whether or not you qualify for its home equity loans (Credit Union, however, does not disclose its minimum credit score requirements ). In addition to your FICO score, you’ll want to have enough equity built up in your home as well as verifiable, adequate income and a low debt-to-income ratio, or DTI (most lenders prefer to see a DTI of 36% or less). , but not more than 43%).

Begin

You can apply in minutes using the Amplify website. If you are approved for a loan, the funds will be available to you four days after your loan is closed. Before you begin, make sure you have all of your financial documents ready to submit on the Amplify website. Additionally, you should expect to provide the standard documents needed to verify your income, such as pay stubs, your W-2 form, and tax returns. You will also need supporting documents to show that you are current on your existing monthly mortgage payments.

Customer service

Amplify Credit Union offers a live chat option available on its website, as well as live phone support available Monday through Friday from 11:30 a.m. to 8:30 p.m. PT and Saturday from 12 p.m. to 5 p.m. PT. When it comes time to close your home equity loan, you will be required by Texas law to close in person at an Amplify branch.

Live phone support is available for general inquiries at 512-836-5901 or 800-237-5087.

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Average long-term US mortgage rates drop to 6.61% https://homeassociates.org/average-long-term-us-mortgage-rates-drop-to-6-61/ Fri, 18 Nov 2022 01:31:08 +0000 https://homeassociates.org/average-long-term-us-mortgage-rates-drop-to-6-61/

WASHINGTON (AP) — The average long-term U.S. mortgage rate fell nearly half a point this week, but will likely remain a significant headwind for potential buyers as Federal Reserve officials all but promise further hikes. rate in the coming months.

Mortgage buyer Freddie Mac reported on Thursday that the 30-year average key rate fell to 6.61% from 7.08% last week. A year ago, the average rate was 3.1%.

The rate for a 15-year mortgage, popular with those refinancing their homes, fell to 5.98% from 6.38% last week. It was 2.39% a year ago.

At the end of last month, the average long-term US mortgage rate crossed the 7% mark for the first time since 2002.

Two weeks ago, the Fed raised its short-term lending rate by an additional 0.75 percentage points, three times its usual margin, for the fourth time this year as part of its strategy to combat the inflation. Its key rate is now in a range of 3.75% to 4%.

There had been some hope that the Fed would begin to taper rate increases as more evidence came in that prices might have peaked. However, recent comments from Fed officials have overturned this optimism.

James Bullard, who heads the Federal Reserve Bank of St. Louis, said Thursday that the Fed may need to raise its benchmark interest rate much higher than it had previously expected to get inflation under control.

The next two-day Fed rate policy meeting will end on December 14.

The Labor Department reported last week that consumer inflation hit 7.7% in October from a year earlier, the lowest year-over-year rise since January. Excluding volatile food and energy prices, “core” inflation has increased by 6.3% over the past 12 months. On Wednesday, Labor announced that wholesale prices fell for the fourth consecutive month.

Those numbers were all lower than economists had expected, but whether that will be enough to prompt the Fed to ease giant rate hikes remains to be seen.

Three weeks ago, the average long-term mortgage rate in the United States exceeded 7% for the first time in more than two decades, which, combined with skyrocketing house prices, crushed the purchasing power of buyers. adding hundreds of dollars to monthly mortgage payments.

Sales of existing homes have fallen for eight straight months as borrowing costs have become too much of a barrier for many Americans who are already paying more for food, gas and other necessities. On top of that, homeowners looking to upgrade or change location have been delaying listing their homes because they don’t want to jump into a higher rate on their next mortgage.

The slump in the housing market prompted real estate companies to revise their financial outlook and reduce their workforce. Online property broker Redfin is laying off 862 staff and closing its instant cash offering subsidiary RedfinNow.

Redfin also laid off 470 employees in June, blaming slowing home sales. Through attrition and layoffs, Redfin has cut more than a quarter of its workforce on the assumption that the housing downturn will last “at least until 2023”, it said in a regulatory filing.

Another online real estate broker, Compass, laid off hundreds of workers this year.

Although mortgage rates don’t necessarily reflect Fed rate increases, they tend to track the yield of the 10-year Treasury. Performance is influenced by a variety of factors, including investors’ expectations for future inflation and global demand for US Treasuries.

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Indians Are Central Texas’ Top Home Buyers: Report https://homeassociates.org/indians-are-central-texas-top-home-buyers-report/ Sun, 13 Nov 2022 07:42:26 +0000 https://homeassociates.org/indians-are-central-texas-top-home-buyers-report/

At first, people of Indian descent made up the largest share of international buyers in Central Texas, according to a new report recently released by the Austin Board of Realtors.

Indian buyers accounted for the largest share of international buyers (21%), with Mexico (10%), China (6%) and Canada (4%) rounding out the countries of origin of foreign buyers, according to Central 2022 According to the Texas International Homebuyers Report.

According to the report, Central Texas offers an alternative to expensive metropolitan areas like New York and San Francisco for Indian buyers.

People of Indian descent made up 41% of Greater Austin’s 165,000 Asian Americans in 2019, up from 30% of the population in 2010, according to the Greater Austin Asian Chamber of Commerce.

Driven by the growth of Austin’s tech sector, the number of Indian buyers is “exploding,” Hem Ramachandran, who worked as a real estate agent for two decades in Austin, told Axios. Most of Ramachandran’s clients are Indians, who prefer houses facing south or east, in accordance with the vastu shastra, which he describes as an Indian version of feng shui.

India led with 53% purchases in Williamson County, followed by 24% in Travis County inside the city of Austin, 18% outside the city of Austin and 6% in Hays County. International buyers spent $613 million on properties in the greater Austin area from April 2021 to March 2022, or 3% of total residential sales value during the period.

“Most Indian foreign buyers use US mortgage financing (82%) to purchase property, while 12% of purchases are made entirely in cash,” the report said.

Additionally, Indian buyers are focusing on the detached single family property type (94%) and 6% on residential land.

The Central Texas area offers a diverse range of housing options, from apartments and condos to single family homes.

The report said 59% of Indian buyers were buying a primary residence and 35% of houses are used as rental property.

International home buyers included non-US citizens who are here on a green card or who are here on a work or foreign student visa. The report indicates that more than half of foreign buyers have a US green card, signaling that they are lawful permanent residents.

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Where North Texas Shoppers Find Grocery Savings – NBC 5 Dallas-Fort Worth https://homeassociates.org/where-north-texas-shoppers-find-grocery-savings-nbc-5-dallas-fort-worth/ Thu, 10 Nov 2022 03:31:34 +0000 https://homeassociates.org/where-north-texas-shoppers-find-grocery-savings-nbc-5-dallas-fort-worth/

Food prices have climbed faster than we have seen in decades. The latest Consumer Price Index for North Texas showed food at home prices rose 16.8% from September 2021 to September 2022. This is the largest 12-month increase in 48 year.

The NBC 5 Responds crew spoke with North Texans who are looking for other options at surplus and salvage groceries.

“IT HAS BEEN ASTRONOMICALLY EXPENSIVE TO EAT AS WE DO”

With a large family to support, Dana Ellsworth said her monthly grocery receipts competed with the cost of her mortgage.

“I have six kids at home and they’re bringing friends over,” Ellsworth said.

She said the family spends between $1,500 and $2,000 a month on groceries.

“It’s been astronomically expensive to eat like before,” Ellsworth said. “Especially with fresh produce, we weren’t able to handle it.”

DATED, DISCONTINUED AND DISCOUNTED

That’s why Ellsworth said she drove 40 miles from her home in Wylie to shop at the Grocery Clearance Center in Dallas’ Oak Cliff neighborhood. Ellsworth said a friend brought her to the store a few weeks earlier and she has been making regular trips since then, looking for bargains.

Store owner Gary Gluckman said inflation has brought new faces to the store that sells food that hasn’t made it to traditional retail grocery stores. Gluckman said the food comes from a variety of sources: some of them are discontinued, outdated, or approaching their “sell-before” date.

“We have items on our shelves that will come out tomorrow, next month or two months from now. Or, six months ago they came out,” Gluckman said. “They are always good and healthy to eat.”

While browsing the store’s produce section, Gluckman held up bagged salads: “It’s dated today, but it’s still going to be good for a few more days. You can get three of these bags for $2.

UNDERSTANDING FOOD DATES

The USDA says many dates on foods refer to quality, not safety. The federal government does not regulate the dates you see on food packaging. An exception is infant formula.

Recovery grocery stores in Texas are licensed by the Texas Department of State Health Services.

The director of the agency’s food and drug section, Kevin Veal, said food safety requirements at salvage grocery stores are no different than at other grocery stores. He said the state inspects salvage groceries at least once every two years.

“We look for sanitation, we make sure they store things properly, we make sure we look at their records, we make sure they buy from the right places,” Veal explained.

The Texas Department of State Health Services lists 235 salvage businesses it regulates, but not all of them are grocery stores. Some are food banks. Others are recovery companies for cosmetics, drugs or medical devices.

The FDA says that when shopping at recovery grocery stores, follow the same safety tips as when buying food anywhere.

This includes avoiding puffy or bulging canned foods. Do not purchase a box that is dented or rusty along the seams on the top or side of the box. The damage could have let in bacteria. Avoid sealed packages with a leak or hole.

FIGHT AGAINST FOOD WASTE

When it comes to finding salvage groceries, Lynne Ziobro has made it her mission to launch a website that maps stores across the country.

“A lot of people have never heard of these stores,” Ziobro said.

Ziobro’s site also offers tips to help combat food waste, pointing out that some perfectly refined foods at salvage stores could have ended up in a landfill.

“I saw this opportunity where I could list stores, try to keep it updated, and also try to teach people about food waste,” Ziobro said.

IMPACT OF INFLATION

Gluckman points out that inflation has not spared surplus and salvage stores.

“Things that we were getting maybe $1.59 on just a few months ago, we’re maybe getting $1.99. However, the discount you get remains the same. In other words, if it’s $1.99 here, it could be $2.99 ​​more in store,” Gluckman said.

He said he tells new customers to shop at salvage stores first because what’s in stock changes. Customers may not find everything on their shopping lists.

Thomas Muniz, a first-time customer, said he and his wife came to the store with an open mind.

“We had to come today and check for ourselves,” Muniz said.

They left with several sacks of flour: “My wife said it was a good deal. Ninety-nine cents per bag.

NBC 5 Responds is committed to finding your concerns and getting your money back. Our goal is to provide you with answers and, where possible, solutions and resolution. Call us at 844-5RESPND (844-573-7763) or fill out our customer complaint form.

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Ivanka Trump’s mortgage, donations from MAGA Inc. https://homeassociates.org/ivanka-trumps-mortgage-donations-from-maga-inc/ Sat, 29 Oct 2022 20:34:28 +0000 https://homeassociates.org/ivanka-trumps-mortgage-donations-from-maga-inc/

Today, we dig into Ivanka Trump’s mortgage, examine a Trump-allied super PAC that continues to spend on behalf of Trump clients, and check out anti-abortion groups working to elect Herschel Walker.


Ivanka Trump bragged that her dad “wouldn’t just give me an apartment.” New documents suggest he basically did just that

“IVanka Trump has long presented herself as a self-made woman, at least as much as a billionaire’s daughter can be,” reports Dan Alexander:

“It’s a pride to be in control of my life,” she wrote in her 2009 book, The trump card. “I own a two-bedroom apartment in a Trump building, but nobody gave it to me.” In fact, her dad seems to have pretty much done just that. For years, Donald Trump’s personal balance sheets, which were recently released as part of a fraud lawsuit against him, included ‘claims’, one of which was ‘Ivanka (T Park Ave)’. This particular claim was listed at $1.5 million, the exact price of the two-bedroom unit at Trump Park Avenue that Ivanka boasted she owned.

In other words, while Ivanka might try to claim that her dad technically didn’t give her an apartment, he seems to have loaned her 100% of the money she needed to buy it. In her book, Ivanka admitted that she received paternal help. “I’m paying a mortgage on my apartment,” she wrote. “Granted, I pay my mortgage directly to my dad and not to a bank, but it’s still a mortgage, and I’ve never missed a payment.”

Her loan, however, does not appear to have been a “mortgage all the same”, as she put it.. In 2021, 17 years after Ivanka bought the apartment, her father’s financial documents still showed a $1.5 million debt described as “Ivanka (T Park Ave)”, suggesting that her mortgage came with it. an unusually long period during which it did not have to repay any principal.


Welcome to the latest issue of Checks & Imbalances

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Please support this work, if you can, by subscribing to Forbes. Advice or suggestions? Email me at zeverson@forbes.com or call /SMS/Signal 202.804.2744. You can follow me on Mastodon at mastodon.social/@z_everson. Thanks!


In case you missed it


The Trump-linked Super PAC is spending millions on these key Senate races

“A The new super PAC linked to former President Donald Trump has invested millions to support Republicans in five key Senate races next month, targeting Pennsylvania Senate candidate John Fetterman (D) with President Joe Biden in his latest advertising campaign,” reports Sara Dorn:

MAGA Inc. — which is run by Trump spokesman Taylor Budowich — has spent $11.7 million on advertising in five Senate races since Oct. 6, ad tracking firm AdImpact reported Wednesday

MAGA Inc.’s biggest investment to date ($2.89 million) is in Arizona, where Trump-endorsed Republican Blake Masters is making a comeback against Sen. Mark Kelly (D), whose lead on Masters went from around 6.7 to 3.6 points. over the past two weeks, according to the average of FiveThirtyEight polls.

Trump’s PAC has also spent more than $1.8 million each on Senate races in Nevada (where Democratic Sen. Catherine Cortez Masto faces Republican Adam Laxalt) and Georgia (where Democratic Sen. Raphael Warnock is running against Republican Herschel Walker).

This week’s ad buying is the second time in the past two weeks that Trump ally MAGA Inc. has spent millions on behalf of candidates funneling political money to Trump properties. . Masters, Laxalt and Walker teamed up to transfer $290,000 to Trump’s businesses, like Forbes reported last week. In an email, Budowich said questions about any relationship between ads and spending at Trump properties were “absurd and utterly sophomoric.”


Continuous irresolution

Updates on previous Checks & Imbalances reports

Women take the floor PAC spent an extra $74,000 on shippers opposed to Sen. Raphael Warnock (D-Ga.) Wednesday. Anti-abortion CAP have now spent at least $868,000 supporting Herschel Walker since it was first reported that he had paid and encouraged his girlfriend to have an abortion. Walker denies the allegations.


Intriguing expenses

Campaign of Rep. Jody Hice (R-Ga.) paid the Gober group $45,000 in legal fees August 1st. The Austin, Texas-based law firm represented Hice in its unsuccessful attempt to rescind a subpoena from the Fulton County District Attorney in July. The prosecutor’s office is investigating attempts to cancel the 2020 presidential election.

The Federal Election Commission allows candidates to use campaign funds to cover legal fees as long as the expenses are related to their official position. A spokesperson for the Hice campaign did not immediately respond to an inquiry.

*****

Rep. Dan’s campaign Crenshaw (R-Texas) donated $1,700 to an unspecified GoFundMe September 6. A campaign spokesperson did not immediately respond to an inquiry.

*****

On September 1, Rep. Alex Mooney’s (RW.V.) campaign spent $540 to event tickets to the Trans-Allegheny Lunatic Asylum, according to FEC records. The 160-year-old former mental hospital now offers historical and paranormal tours. The visit was part of a meeting of staff from Mooney’s office, according to a campaign spokesperson.


Whoops

In September, the FEC made the rare gesture of fine the treasurer of a PAC on a personal basisrather than in its official.

Robert Lucero of Culver City, Calif., the former treasurer of UtePAC, agreed to pay $3,500 after an FEC investigation determined he understated receipts and failed to properly document receipts. contributions and expenses. Between January 2019 and February 2020, for example, UtePAC disbursed $318,000, but only disclosed spending $11,000, according to the investigation.

The FEC reduced its fine by $33,000 after Lucero pleaded financial hardship. UtePAC’s mission is to support the defense of the sovereignty of the Ute Indian Tribe.


Asset Tracking

Forbes continues to update “Tracking Trump: A Rundown Of All The Lawsuits And Investigations Involving The Former President”.

America First Policy Institute, a black money non-profit organization allied with Donald Trumporganizes a gala at Mar-a-Lago on November 18th. Donations to AFPI made in hopes of winning an invite are tax deductible, depending on contest entry.

The campaign for Rep. Troy Nehls (R-Texas) spent $345 over dining at Trump’s golf club in Virginia on Aug. 11, according to an FEC report filed earlier this month. Trump endorsed Nehls in February.

*****

This weekend, Trump’s resort town of Miami hosts the Tag Team Championship of the LIV Golf Tour supported by Saudi Arabia.

  • “Trump’s fundraising operation sent an email signed this morning by Blake Masters, the Republican candidate for the Senate from Arizona. But the default breakdown is… absolutely brutal, with 99% of it going to Trump and 1% to Masters.(Twitter/Zach Montellaro of Politico)
  • “Jared Kushner seen front row at the Saudi Investment Forum which just kicked off in Riyadh this morning” (Twitter/Freelance journalist Ahmed Al Omran)
  • “Trump is also working on a book – on a subject that has yet to be announced – to be published by Winning Team Publishing, run by his son Donald Trump Jr. and a top lieutenant, Sergio Gor.” (Policy)

Editor’s Choice

  • “That cardboard box in your house is fueling election denial” (ProPublica)
  • “Amazon puts January 6 in the rearview mirror: ‘It’s been over 21 months'” (Information Populaire)
  • “How Mike Lindell’s pillow business is propelling the election denial movement” (The New York Times)
  • “Liz Cheney Launches TV Ad Targeting Arizona Election Deniers” (NBC News)
  • “Russia continues to fund the media in the United States” (Politico)
  • “Senator Robert Menendez is under investigation again” (Semafor)
  • “Members of Congress pocketed tens of thousands of lobbyists linked to China’s Huawei” (The Washington Examiner)
  • “Ron DeSantis’ former law firm received millions in public funds” (The Daily Beast)
  • “Federal lobbying topped $3 billion in third quarter for first-ever time” (OpenSecrets)
  • “Two former directors of public works sentenced for accepting bribes” (Ministry of Justice)
  • “Amazon quietly donated $400,000 to a conservative nonprofit that opposed new antitrust laws” (CNBC)
  • “Democrats raise questions about Mnuchin’s Persian Gulf deals” (The New York Times)
  • “The Election Machine, Powered by Facebook, Get-Out-the-Vote” (Wired)

In conclusion

“The most beautiful house in the world has a mortgage

What do I care about?”

– Frank Sinatra, “The most beautiful girl in the world”

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Central Texas realtor alarmed as mortgage rates rise to levels not seen since early 2000s https://homeassociates.org/central-texas-realtor-alarmed-as-mortgage-rates-rise-to-levels-not-seen-since-early-2000s/ Thu, 27 Oct 2022 22:48:00 +0000 https://homeassociates.org/central-texas-realtor-alarmed-as-mortgage-rates-rise-to-levels-not-seen-since-early-2000s/

WACO, TX (KWTX) – Home mortgage rates across the country are hitting record highs this week AND real estate agents say it’s scary that 30-year mortgage rates are now above seven percent.

Reports show rates last week fell from 6.94% to 7.08%, a rate not seen since 2002.

“It’s scary, especially for homebuyers, especially first-time homebuyers, because they’ve gotten so used to these low 2-3% interest rates over the last five years.” , said local real estate agent Dawn Chadwell.

Chadwell said that in a stable market, rates typically fluctuate half a percentage point to one point. “It surprises me a bit that it has grown so fast, because a four point increase in interest in less than a year is pretty scary.”

Chadwell said the Federal Reserve raised rates to control inflation.

“The Federal Reserve is trying to slow the market down, kind of stop people from spending so much money so they stop this inflation. So what they’re doing is raising interest rates and make it a little harder for us normal people to use our credit cards, to buy a house, to slow down those purchases. Because when we have all that money in the market, it just increases the inflation rate,” Chadwell said.

Mario Gonzalez, a realtor with Coldwell Bankers Apex Realtors of Waco, said buyers used to be beaten buying homes because rates were low, now it’s the opposite.

“Now fast forward a year later, even six months later, at this point rates have more than doubled. Their payments went up three, four, five hundred dollars. It really affects their debt ratios, because of that it even affects their ability to buy,” Gonzalez said.

Chadwell advises people to use a real estate agent who has been in the business for more than a few years.

“There are a lot of real estate agents who entered the market when rates were last year, in the last year and a half. So they don’t know exactly what’s going on, which can be very expensive for a homebuyer,” Chadwell said.

Chadwell thinks there’s still time to buy a house.

She said the priority should be to have a lower interest rate even if house prices are a bit higher.

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Do you think the owners will stay put? Austin suggests otherwise https://homeassociates.org/do-you-think-the-owners-will-stay-put-austin-suggests-otherwise/ Tue, 25 Oct 2022 11:10:04 +0000 https://homeassociates.org/do-you-think-the-owners-will-stay-put-austin-suggests-otherwise/

Comment

Mortgage rates have nearly tripled and housing affordability has plummeted, but US home prices aren’t really expected to drop much — or so the mainstream narrative does. However few buyers there are, there are too few sellers to drive prices much lower, optimists say.

Austin, Texas seems to disagree.

One of the hottest housing markets of the pandemic-era boom, the Texas capital has suddenly seen a flood of inventory of existing homes. The number of listings has jumped to the highest since 2011, and in a metro area that has become accustomed to going through inventory in less than a month, it now takes more than three, according to data from Texas Real Estate Research. Center at Texas A&M University. .

Austin is a unique case, of course, but it shows that the “lock-in effect” may not be the ironclad defense against falling home prices that some investors and homeowners think it is. The thinking says homeowners aren’t supposed to voluntarily part with their sub-3% 30-year mortgages when they should turn around and replace them with new home loans carrying interest rates above 7% . That’s true for the typical young family that may have been on the verge of growing, but it’s not a hard and fast rule that applies nationwide.

In Austin, what seems to be happening is an effort to time the top of the market. Like stock traders, homeowners and investors in Austin who bought their properties before the boom seem to be rushing to cash in their tokens. “I suspect people are worried that home values ​​will go down, so they try to sell even if they have low interest rates,” Jim Gaines, a research economist at Texas Real Estate Research, told me over the phone. Center. Some may never have lived in the houses; others may transfer cash proceeds to smaller homes or cheaper suburbs; while others might just move into renting waiting for a market bottom to buy back.

While still up year over year, Austin-Round Rock home prices are clearly down, falling 6.9% on a sequential basis in the third quarter from the second, according to the home of the Texas Real Estate Research Center. single-family home price index, which tracks repeat sales on the same homes. The declines are widespread across all price categories, though the most expensive homes are holding up slightly better than mid-priced and lower-priced homes, the data shows.

Owners may also be keen to take profits in other recently hot markets such as Miami, Phoenix and Boise, Idaho. All were juggernauts who benefited from the combination of 2021’s low interest rates and pandemic-fueled migration. And now many of their longtime residents sit on piles of untapped equity, a tempting resource to tap as inflation eats away at purchasing power.

Admittedly, it is not certain that this first wave of registrations will necessarily snowball in Austin or elsewhere. In fact, it’s conceivable that many of these sellers will start pulling their listings from the marketplace once they see they’re not getting the deals they were hoping for, and proponents of the “lockdown effect” could still be justified. Underwriting standards have tightened considerably since the financial crisis and there are far fewer resettable loans, so the US is unlikely to see an impending wave of forced sales. With few homeowners underwater, there is a strong incentive to keep making mortgage payments rather than risk foreclosure.

So, ultimately, the fate of house prices rests with the labor market. The median forecast from a Bloomberg survey of economists predicts that unemployment will hit 4.5% next year. But with the Federal Reserve rapidly tightening financial conditions to combat the worst inflation in 40 years, the range of estimates is wide – 3.3% to 6% – and the likelihood of a recession is rising. “If people start losing their jobs willy-nilly, then yes, those house prices are going to come down fast because there’s going to be an increase in distressed sales,” Gaines told me. In other words, low inventories can probably dampen most housing markets for a while. But if the labor market starts to crash, housing will likely crash with it. In Austin, the low-inventory bulwark is already starting to crumble.

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Jonathan Levin has worked as a Bloomberg reporter in Latin America and the United States, covering finance, markets, and mergers and acquisitions. Most recently, he served as the company’s Miami office manager. He holds the CFA charter.

More stories like this are available at bloomberg.com/opinion

]]> From Mortgage Rates to Buy Now or Pending, Here Are 5 Answers to Your Most Burning DFW Real Estate Questions | Texas https://homeassociates.org/from-mortgage-rates-to-buy-now-or-pending-here-are-5-answers-to-your-most-burning-dfw-real-estate-questions-texas/ Fri, 21 Oct 2022 22:13:00 +0000 https://homeassociates.org/from-mortgage-rates-to-buy-now-or-pending-here-are-5-answers-to-your-most-burning-dfw-real-estate-questions-texas/

The Dallas/Fort Worth real estate market has changed dramatically over the past few months as mortgage rates have risen and the market has generally cooled after its fiery red streak over the past few years.

You might be wondering what’s really going on in the market since everything changed, so we caught up with local realtor Lacy Zihlman to find out.

What is currently happening in the housing market in Dallas?

Inflation and rising interest rates have cooled the housing market, Lacy said.

“Overall, this is a good thing because we couldn’t stand multiple offer situations and crazy offers way above the list price, which inflated housing prices,” he said. she declared.

Meet Realtor Lacy Zihlman, Who Has Found What It Takes To Win Competitive Deals For Her Clients

The market is now more balanced for buyers and sellers, which is what everyone wants, Lacy explained.

Should I wait to buy a house until interest rates drop?

No one can say for sure when interest rates will drop.

Lacy noted that the current situation is simply supply and demand.

“What if you’re waiting for interest rates to drop, but the cost of buying a house to go up? Remember, you’re marrying the house, not the interest rate. You have the option to refinance at the future,” she said.

This McKinney Home Shows Why Finding a Larger Corner Lot is Worth Seeking

Is it a better time for buyers to buy now than in the last 2 years?

Home inventory is up and demand is down slightly, making it easier for buyers to find a home they really like and avoid those pesky multiple-offer situations, Lacy said. So the answer is definitely “yes,” Lacy said.

When should I be pre-approved?

It’s never too early to speak with a lender, Lacy said.

“I always recommend that my buyers have a candid conversation with a lender to discuss the purchase price, property taxes, interest rates and closing costs,” she said. “The lender doesn’t have to withdraw your credit at this point, but they can help you decide what price range you feel comfortable with.”

They can also help you understand what you are entitled to and what you can feel comfortable with around a price.

“You may qualify for $500,000, but when you break down the total monthly payment, it may be higher than expected, so leaning on a lender and your trusted realtor to help you find the right one is essential. best price range for your individual needs/goals,” says Lacy.

When this couple learned that a beautiful Celina home was being sold off the market, they jumped at the chance to grab it

I want to be in a new house in the spring, so when should I start looking for a house?

The sooner you start the journey, the better prepared you’ll be, Lacy said.

The first two things she recommends doing are speaking with a lender and asking your realtor to set up a custom search through MLS.

Other websites, including Realtor, Redfin and Zillow, are convenient, but they’re not always accurate and up-to-date, Lacy said.

“Also, they don’t show properties that are in ‘Coming Soon’ status,” she noted. “When you review the properties included in your personalized search, it helps narrow down the cities/neighbourhoods you prefer as well as how property prices compare in different areas.”

You Can See Why This Model Home in Frisco – With Its Garden Oasis and High Ceilings – Sold So Fast

Lacy said it usually takes 30 days to close a home once you’ve found the perfect home and closed a deal.

“So give yourself plenty of time to get financing, revise your MLS search to narrow down cities or school districts, and then time to search for a home, which can take days or even months,” he said. she stated.

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Online inflation checks by state: California, Florida, Texas… | Student loan, SSA updates… https://homeassociates.org/online-inflation-checks-by-state-california-florida-texas-student-loan-ssa-updates/ Wed, 19 Oct 2022 23:23:54 +0000 https://homeassociates.org/online-inflation-checks-by-state-california-florida-texas-student-loan-ssa-updates/

Will California get more inflation support payments?

As gasoline prices in the Golden State continue to rise, contrary to other trends seen around the country, Governor Newsom has proposed a windfall tax on oil and gas companies. The proposal would impose an additional tax on income earned beyond what was seen last year. This tax would take into account the increase in costs incurred by customers, and the total accumulated by the state would then be redistributed to drivers.

Newsom’s office released the plan after a report revealed that “California consumers paid $2.61 per gallon in gasoline prices more than the average price in the United States as of October 4, 2022.” The bureau even accused oil refiners of slowing production to create shortages that drive up costs.

“Five refiners—Chevron, Marathon Petroleum, PBF Energy, Phillips 66 and Valero—produce 97% of the state’s gasoline. They are able to restrict the supply of gasoline to drive up gasoline prices. They constantly restricted supply and artificially raised their prices far beyond their costs.

It’s unclear when the legislature will be able to vote on the bill, but many in the Golden State support the measure, as pump prices are reaching over $7/gallon in some areas. The division created by the windfall tax could help families next year, but for many the relief couldn’t come soon enough.

Learn more about California Inflation Reduction Checks

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