Finance of America Mortgage Helps Solve Nation’s Affordable Housing Crisis with Launch of ADU Refinance Option National company

CONSHOHOCKEN, Pa .– (BUSINESS WIRE) – October 5, 2021– Amid a declining supply of affordable housing in many parts of the country, Finance of America Mortgage LLC (“FAM”), today announced the launch of an innovative new feature on certain compliant loan products that may allow homeowners to refinance and consolidate …

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Kansas Moratorium Update: Kansas Judge Says CDC Moratorium on Deportations Unenforceable; Statewide moratorium no longer in effect – real estate and construction

United States: Kansas Moratorium Update: Kansas Judge Says CDC Moratorium on Deportations Unenforceable; Statewide moratorium is no longer in effect 03 October 2021 Armstrong Teasdale To print this article, simply register or connect to Mondaq.com. Supreme Court Update (as of June 30, 2021): In Alabama Association of Realtors, et al., …

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The wanted city debt, explained by a resident |

Editor’s Note: We have received the following from a reader, who was forced to research the town of Kerrville’s debt situation after reading how a citizens’ petition ended a planned public safety complex for Kerrville Police and Kerrville Fire Departments. We were impressed with the effort, confirmed the details to …

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Compare current mortgage rates – Forbes Advisor

Here are the Average Annual Percentage Rates (APRs) today on 30-year, 15-year, and 5/1 ARM mortgages: Mortgage rates today The average APR of the benchmark 30-year fixed rate mortgage was unchanged at 3.38% today from 3.38% yesterday. At the same time last week, the fixed 30-year APR was 3.25%. Meanwhile, …

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“We are talking about people’s lives”

A government shutdown, if it did occur, would not halt armed forces operations, but would devastate the local economies of army-dependent towns across the country, including what calls itself “Military City USA” . Congress voted Thursday to avoid it until Dec. 3, postponing a crisis over setting the country’s debt …

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How businesses of all sizes can drive positive change

Businesses large and small have stepped up their social impact programs in recent years, putting money and momentum into initiatives designed to strengthen financial equity and support historically marginalized groups. NerdWallet – NerdWallet PayPal has pledged $ 535 million in 2020 to tackle economic inequality. Visa created a $ 10 …

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JPMorgan Chase Makes Multi-Million Dollar Investment in Citizens Trust Bank of Atlanta in $ 100 Million Commitment to Minority Depository Institutions

(Cynthia Day, President and CEO of Citizens Trust Bank. Photo credit: courtesy of JP Morgan Chase) JPMorgan Chase today announced that it has increased its investment in Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) to $ 100 million and has added ten new institutions to its investments, …

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Another welcome tax cut in Texas

It’s a small step, but we applaud Governor Greg Abbott and Lieutenant Governor Dan Patrick for an effort to reduce school property tax bills by a few dollars. A measure taken in the Third Special Session of the Texas Legislature would use $ 2 billion, and possibly as much as …

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How mortgage debt in Georgia compares to other states

2021-09-27 The COVID-19 pandemic has fueled an increase in demand among home buyers that is only now starting to show signs of slowing down. This historic demand has coincided with low borrowing costs, a limited housing stock and labor and material bottlenecks that have hampered new construction. These factors have …

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How Texas Mortgage Debt Compares to Other States

2021-09-27 The COVID-19 pandemic has fueled an increase in demand among home buyers that is only now starting to show signs of slowing down. This historic demand has coincided with low borrowing costs, a limited housing stock and labor and material bottlenecks that have hampered new construction. These factors have …

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States with the most mortgage debt – 24/7 Wall St.

Special report September 24, 2021 2:00 p.m. The COVID-19 pandemic has fueled an increase in demand among homebuyers who only now starts at show to signns of slowing down. This historic demand has coincided with low borrowing costs, a limited housing stock and labor and material bottlenecks that have hampered …

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The solution is there for experienced fins – NMP

The past few years have been particularly difficult for fix-and-flip investors, with rapid price appreciation and slow recovery in stocks. Although the rate of home flips in the United States has been increasing steadily since March, ATTOM data reveals that profit margins have shrunk. The return on investment for fix-and-flips …

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Capital and interest – DBusiness Magazine

Jay Farner is Vice President and President of Rocket Mortgage, having risen through the corporate ranks as a close associate of Dan Gilbert and cementing his key role in guiding Rocket in the aftermath of Gilbert’s stroke in 2019 Rocket was released to the public with advice from Farner last …

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Mortgage relief options available to homeowners

By Michael Gruber, President, Building Industry Association of Stark & ​​East Central Ohio The pandemic has strained the personal finances of many people. To help homeowners who are still struggling to make their mortgage payments due to COVID-19, the federal government has announced new loan modification options for borrowers who …

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OVB takes pole position with a new company | New

GALLIPOLIS, Ohio, September 23, 2021 / PRNewswire / – Chairman and CEO, Ohio Valley Bank Tom wiseman announces the opening of Race Day Mortgage, Inc., a new subsidiary of the Ohio Valley Bank. Race Day Mortgage is an online, direct-to-consumer mortgage company positioned to disrupt the mortgage industry by speeding …

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OVB takes pole position with a new company

GALLIPOLIS, Ohio, September 23, 2021 / PRNewswire / – Chairman and CEO, Ohio Valley Bank Tom wiseman announces the opening of Race Day Mortgage, Inc., a new subsidiary of the Ohio Valley Bank. Race Day Mortgage is an online, direct-to-consumer mortgage company positioned to disrupt the mortgage industry by speeding …

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Van Hollen and colleagues introduce legislation to help first-generation homebuyers and close the racial wealth gap

September 22, 2021 Homeownership is the primary means for middle class families to build wealth and achieve economic stability; New LIFT program will help first-generation homebuyers build equity and wealth at twice the rate of a conventional 30-year mortgage Today, U.S. Senators Chris Van Hollen (D-Md.), Mark R. Warner (D-Va.), …

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Detroit now has a “Ben’s Friends” chapter, a support group for workers in the restaurant industry seeking drug addiction help.

Click to enlarge Courtesy of Ben’s Friends Steve Palmer, left, and Mickey Bakst, from metro Detroit, co-founded Ben’s Friends, a national support group for workers in the restaurant industry. Metro Detroit is the latest chapter of the group. Working in the restaurant and hospitality industry is not easy for anyone, …

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Dartmouth Police search for shoplifting suspect

DARTMOUTH – Dartmouth Police are asking the public for help in identifying the suspect in a shoplifting incident at Dick’s Sporting Goods on Monday. In a typically tongue-in-cheek Facebook post, police said they were looking for the “budding marathon runner” in the surveillance image who pulled a pair of sneakers …

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Vaccination mandates for the common good

Bill Gerling Jefferson city Mr. Editor: People don’t like being told what to do, especially if it concerns their health. Social media habits, beliefs and misinformation make it difficult for people to protect themselves and others. Normally, the health risks can be borne by the individual, but not in the …

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LEGAL CORNER: What do you have? | Opinion

Editor’s Note: The information in this column is not intended to provide legal advice, but to provide a general understanding of the law. All readers with a legal problem, including those whose questions are discussed here, should consult a lawyer for advice on their particular situation. Crazy question What do …

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Florida Reverse Mortgage Refinance: HECM to HECM Refinances Now Offered by Florida’s Best Reverse Mortgage Company

TAMPA, FL, USA, September 20, 2021 /EINPresswire.com/ – Thinking of refinancing a reverse mortgage? Unprecedented equity gains over the past few years have placed many current reverse mortgage holders in an advantageous position. By announcing a full range of reverse mortgage refinance products, Florida’s Best Reverse Mortgage Company aims to …

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The SEC in one sentence

welcome to The SEC in one sentence, in which I foolishly try to capture how each SEC football team’s week went by using just one sarcastic phrase. Alabama: The Tide still manages to make Florida look better than it actually is, which makes sense given Coach Saban’s obsession with consistency. …

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10 cities where rents are skyrocketing

Prostock-studio / Shutterstock.com Anyone who buys a home knows that asking prices are skyrocketing. But the situation is not much better for tenants, because a new Realtor.com Report shows. The median monthly rental price in the United States increased 11.5% year-over-year in August to $ 1,633. This makes August 2021 …

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Housing supply could increase

An aerial view of a housing estate in East Manatee. Grant Jefferies The US real estate market has been hot. The combination of low borrowing rates, strong demand for more living and working space from home as the pandemic spreads, and tight supply have pushed up prices. In July, the …

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Fort Worth’s population is booming

FORT WORTH, Texas – Fort Worth is now the 12th largest city in the United States with nearly one million people, according to the latest Census Bureau estimates. What would you like to know Fort Worth grew 24% from 2010 to 2020 Much of this growth has happened in the …

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JP Morgan launches digital bank in UK next week

London – JP Morgan Chase is gearing up for the long-awaited UK digital bank debut next week. The move will allow US banking giants to acquire major UK lenders such as HSBC, Barclays, Lloyds and NatWest, as well as start-ups such as Monzo and Sterling. JP Morgan will also strengthen …

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Brandywine Oak – The Island Connection

By Lori McGee For The Island Connection Lisa Quadrini The dynamics and role of a wealth advisor have been elevated to a new level in recent years. Today more than ever, wealthy families need a team of professionals in their corner who encourage stronger conversations that involve more than their …

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Waters urges Biden to drop plan to replace housing regulator

House Financial Services President Maxine Waters is urging President Joe Biden to retain the current regulator of mortgage giants Fannie Mae and Freddie Mac, creating a potential conflict with the White House as she considers appointing a replacement. The California Democrat made the rare public intervention in executive staff Thursday …

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Infosys signs five-year deal with Texas-based Frost Bank

Infosys Ltd has entered into a five-year agreement with Texas-based Frost Bank to provide strategic business advice and digital capabilities that will enable the latter to offer mortgages along with its other consumer lending products. Financial details of the exchange were not disclosed. Infosys said it would help shape the …

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FHLBank Atlanta Hosts Fourth Annual Financial Services

ATLANTA, September 16, 2021 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today hosted, in collaboration with the National Association of Minority Mortgage Brokers of America (NAMMBA) and the Henry Arthur Callis Foundation of the Cobb County Alpha Phi Alpha Fraternity, Inc. a workshop designed to …

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Retiree’s Guide to Mortgage Refinancing

Put your papers in order As with any mortgage, you’ll need to qualify, so your next step will be to get your documents in order. The biggest obstacle to any refinancing is qualification. Your debt-to-income ratio should always be within the threshold required by Fannie Mae and Freddie Mac, and …

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Foreclosures are up 17.3% in the Orlando metro

EATONVILLE, Fla – Bryan McFarlane has worked in real estate since he was 19 years old. For him, it’s the feeling of giving something back that gives meaning to his work. What would you like to know Local real estate agents say there is plenty of room for revitalized affordable …

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On money – The democratic divide on taxes

Happy Friday and welcome to On The Money, your evening guide to everything related to your bills, your bank account and your results. Subscribe here: thehill.com/newsletter-signup. Today’s big deal: the dueling tax plans between House and Senate Democrats. We will also look at another projection of default and the battle …

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Georgia to pass mortgage bond law

BAKOU, Azerbaijan, September 10 By Tamilla Mammadova – Trend: Parliament of Georgia to adopt a law on mortgage bonds at this session, Tendency reports via the Parliament of Georgia. As stated, the new bill determines the meaning of the real estate guarantee, which is necessary for the issuance of securities. …

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Mortgage rates stuck at 2.88% amid rising COVID cases

The average 30-year fixed-rate mortgage stagnated at 2.88% for the week ending September 9, according to mortgage rate data released Thursday by Freddie macPMMS of. The previous week, mortgage rates were also flat at 2.87%. Near constant mortgage rates this week followed the 10-year Treasury yield, which edged up and …

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Parkland Residential fully leases a 90-day construction community

Parkland Residential fully leased its first rental construction community, Sweetwater Springs in Lawrenceville, GA within 90 days. The Atlanta-area community consists of 58 stacked townhouses surrounded by green space, designed to meet a demand for “missing” housing in the area. “This community is perfectly positioned to meet the average missing …

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