Posted on January 10th, 2010 by Carlo Capomazza
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Rules finalized by the Federal Trade Commission and the Federal Reserve will require lenders to alert loan applicants when a problem with their credit files might trigger excessive costs.
For mortgage applicants and home buyers, it’s been a six-year wait, but the Federal Trade Commission and the Federal Reserve finally have come out with consumer credit protection rules first required by Congress in 2003.
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Posted on January 10th, 2010 by Carlo Capomazza
This contemporary condominium on the Venice boardwalk offers up-close ocean views through floor-to-ceiling glass walls and a rooftop deck that overlooks the beach.
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Posted on January 6th, 2010 by Carlo Capomazza
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The number of new deals under contract that month fell from October, a sign of vulnerability in the housing recovery.
The number of homes placed under sales contracts tumbled in November from the previous month, presenting fresh evidence that the nascent housing recovery could be poised for a dip in the new year.
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Posted on January 4th, 2010 by Carlo Capomazza
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Federal Reserve Chairman Ben S. Bernanke said that the central bank’s low interest rates didn’t cause the last decade’s housing bubble and that better regulation would have been more effective in limiting the boom.
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Posted on January 3rd, 2010 by Carlo Capomazza
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Options for renters are greater than ever, so landlords need to start the renewal process early to keep their units occupied.
Here are some tips for small-time landlords who are worried about losing tenants at a time when options for renters are greater than ever. From Multifamily Executive Magazine, these renewal tactics are aimed at professional property managers, but they work for amateurs just as well:
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Posted on January 3rd, 2010 by Carlo Capomazza
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Question: There are 58 units in our common-interest development. Last January our homeowner association annual assessment fees went up $52. Is a ballot vote consisting of 27 owners legally binding to approve that increase?
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Posted on December 27th, 2009 by Carlo Capomazza
Too often, regulators say, seniors are poorly counseled in advance and don’t comprehend what they are getting into. If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed this month by the federal regulatory agencies for financial institutions.
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Posted on December 20th, 2009 by Carlo Capomazza
Under legislation approved by the House, the agency would have broad powers to regulate risky loans and monitor real estate closing practices. Had there been a federal watchdog consumer protection agency on duty during the early years of this decade, could it have prevented the housing boom and bust that put millions of homeowners into foreclosure and sucked trillions of dollars of equity wealth from just about everybody else?
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