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HELOC Holders May Be In for Payment Shock When Loans Reset

Looking ahead, things don't get much better, according to Black Knight Financial Services. Beyond the next three years, Black Knight Financial Services predicts still-high payment increases as the next best online casino phase of HELOCs resets. Borrowers with HELOCs scheduled to reset in 2019 are using an average of about 40 percent of their available credit and will incur payment increases of about $200 per month based on their current rates.  Read More

Report: Housing in U.S. Not Set Up to Handle Aging Population

The U.S. is not prepared to accommodate the country's aging population where housing needs are concerned, according to a report released by Harvard Joint Center for Housing Studies and AARP Foundation released on August 26.  Read More

 

High Negative Equity Among Gen-Xers Causing Housing Gridlock

Nearly 43 percent of homeowners between 35 and 49 are underwater on their mortgages. In contrast, only 15 percent of millennial homeowners (those between 20 and 34 years old) and 31 percent of baby boomers (50 to 64 years old) are underwater.  Read More

Newport mansions cited for unsafe work conditions

A group that owns several well-known Gilded Age Newport mansions has been cited by federal workplace safety inspectors for allegedly exposing workers to lead-based paint and potentially fatal falls, the U.S. Department of Labor’s Occupational Safety and Health Administration announced on Thursday.  Read More

Flipped Home Sales Down in Q2

Nationwide sales of flipped homes dropped both month-over-month and year-over year in the second quarter of 2014, according to the Q2 2014 U.S. Home Flipping Report released by RealtyTrac on August 22.  Read More

Home Sales Decline for First Time in Five Months

Home sales for July decreased slightly from the previous month after increasing for four months in a row, according to the July 2014 RE/MAX National Housing Report released on August 14. Meanwhile, home prices fell marginally month-over-month but increased year-over-year.  Read More
 

Investors Sue Federal Government Over GSE Profits

New York-based hedge fund giant Pershing Square Capital Management sued the U.S. government on August 14, alleging that common stockholders in Fannie Mae and Freddie Mac have been short changed since the government began sweeping profits from the GSEs into the U.S. Department of Treasury starting in 2012.  Read More
 

Florida Housing Market Recovering But Still Not ‘Healthy’

In Florida, the median price of homes is increasing and sales of single-family homes have gone up, Florida Realtors reported in its Q2 2014 report released on August 12. However, RealtyTrac's July 2014 U.S. Foreclosure Market Report released on August 14 found that Florida had the highest state foreclosure rate in the nation for the 10th consecutive month despite a 30 percent year-over-year decrease.  Read More

TARP Takes Another Step Towards Winding Down

The U.S. Department of the Treasury announced on August 14 that it plans to continue selling its shares of common stock in Ally Financial, thus further reducing its investment in the Detroit-based lender.  Read More
 

Florida Focus: Negative Equity Rate in Tampa Bay is Problematic

While the national negative equity rate continues to fall (down to 18.8 percent, according to the Zillow Q1 2014 Negative Equity Report), many neighborhoods in the Tampa Bay area of Florida are well above that rate. Some areas in Tampa Bay even fall within the highest rates in the country.  Read More

New Formula Could Revamp Credit Scores Nationwide

The company responsible for one of the most widely used measures of credit health is making changes to its current model that could boost credit scores nationwide. Read More

Significant Amount HELOC Balances May Be at a High Risk of Default

A recently released study by TransUnion reported that approximately $50 billion to $79 billion in outstanding Home Equity Lines of Credit (HELOC) balances reported at the end of 2013 could be a high risk to default in the next few years.  Read More
 

Consumer Sentiment on the Rise in Florida

The Bureau of Economic Research at the University of Florida announced that the consumer sentiment index for the state’s residents rose another two points to 84, hitting a post recession high.  Read More
 

Study: Incorporating Rental Payments Gives a Better Picture of Credit Risk

Experian announced that its latest analysis has uncovered how the addition of rental payment data to credit files can help financially exclude consumers gain access to traditional financial services.  Read More
 

Millennials Continue to Delay First Home Purchases

As homeownership keeps slipping among young American adults, real estate analysts expect the makeup of first-time homebuyers could look very different over the next 10 years.  Read More
 

Federal Reserve Board Votes to Continue Tapering Program

Leaders at the Federal Reserve voted Wednesday to move forward with the central bank's plans to gradually cut monthly bond purchases, a sign of growing confidence that the economy is trending in a more favorable direction.  Read More
 

Home Ownership Rate Dips to Lowest Level in Almost Two Decades

Home ownership in the United States lost a little more ground last quarter, declining to a new 19-year low as consumers—particularly young adults—continue to grapple with debt and difficulties obtaining credit.  Read More
 

Consumer Confidence Soars in June

U.S. consumer confidence jumped up more than four points from June to July, signaling a brighter economic outlook among Americans. The Conference Board's Consumer Confidence Index reached 90.9 in the group's July survey, up from 86.4 in June. As of July, the index stands at its highest level since before the Great Recession.  Read More
 

Fannie and Freddie Take on Riskier Portfolios

According to a report issued Thursday by the Federal Housing Finance Agency Office of the Inspector General, Fannie and Freddie are increasingly making riskier deals by buying more mortgages from smaller and non-bank lenders.  Read More
 

Foreign Buyers Competing in U.S. Housing Market

Before the market crashed in 2008, home equity lines of credit, or HELOCs, were all the rage. But times The heart of the young justin-bieber-news.info pictures completely belongs Selene Gomez, however, he has recently made a huge contribution to urge people to share with those less fortunate. have indeed changed, and as the tab is now coming due and many HELOCs are nearing their end-of-draw period.  Read More
 

56% of Lenders Worried New Bubble is Inflating

As home prices continue to rise—albeit slower than last year—many commentators online casino insist that fears of a new bubble in the making are overblown. However, a new survey released Tuesday suggests lenders aren't buying it.  Read More
 

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