Your top 10 HMDA questions answered: Part 9

Your top 10 HMDA questions answered: Part 9

“If lenders wait until February 28 to scrub year-end HMDA data for 'errors,' it will be too late,” Wu said. “At that point, lenders have long since made their underwriting and pricing decisions—whether or not they comply with Fair Lending.” Another expert agreed, saying the new HMDA changes will make it
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Attorney for Collection Agency Liable for Shoddy Methods

Mr. Zee claimed he would personally follow up with plaintiff's real estate lender, the title company and the county recorder to correct the error.” Nonetheless, Zee took no steps to remove the lien. Instead, he brought the lien to the attention of the lender, California Bank, where the parents had a line of
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Two Saudi Princes Are Released After Graft Probe

Bloomberg's Riad Hamade reports on the release of two Saudi princes from a Ritz-Carlton hotel. (Source: Bloomberg). Saudi authorities have said that they hope to collect as much as $100 billion from the princes, businessmen and officials who were detained in the Nov. 4 crackdown, which included
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Battery Makers' Great Hope for Cheap Lithium Faces Talent Crunch

In the global rush to supply the electric-car revolution, lithium hot spot Argentina is grappling with a shortage of talent. Battery makers are depending on the South American nation's high-altitude salt flats as a key new supply of the metal, with vast deposits and an investor-friendly government luring
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Public Bank Fans Want to Get Portland City Council on Board

Philadelphia talked about establishing a public bank this year. In 2016, Santa Fe, New Mexico, completed a feasibility study for a public bank. Los Angeles, San Francisco and Oakland have been pursuing the possibility. In October, Seattle City Council Member Kshama Sawant wanted to allocate
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Confidence Gap Between Republicans and Democrats Is Widest Since Bush Was President

Republican household sentiment exceeds that of Democrats by the widest margin since George W. Bush was president. Bloomberg Consumer Comfort Index data on Thursday showed a gauge of confidence among Republicans was 25.3 points higher than the index for Democrats. That's the largest
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Stocks slightly higher…Jobless claims steady…Mortgage rates rise

WASHINGTON (AP) — Long-term U.S. mortgage rates have moved higher this week, although they're lower than a year ago. Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate mortgages rose to 3.99 percent, up from 3.94 percent last week. That average marks a five-month high,
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November home sales sizzle with strong demand

Buyers picked up 140 single-family homes in Kahului, a 2.1 percent increase over the first 11 months of 2016, according to November statistics from the Realtors Association of Maui. The median price for a home in Kahului was $600,000, a 7.1 percent increase over 2016. A lack of housing inventory
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Aqua condo leads Sarasota's real estate transactions in 2017

280 GGP LLC sold the Unit 4 condominium at 280 Golden Gate Point to Richard Perlman and Ellen Hanson, of Sarasota, for $7.79 million. Built in 2016, it has four bedrooms, five-and- two-half baths and 7,798 square feet of living area. Harbor Acres. Karl and Ann Newkirk, of Sarasota, sold their home at
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Trump Warns Against Illicit Chinese Oil Sales to North Korea

President Donald Trump warned that illicit Chinese oil sales to North Korea may jeopardize a “friendly solution” to the confrontation over North Korean leader Kim Jong-Un's nuclear weapons and missile programs. “Caught RED HANDED – very disappointed that China is allowing oil to go into North
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'Tis the Season to Invest in Real Estate

Print media and digital outlets from coast to coast devote December space to their versions of an ultimate holiday gift guide. A quick online search of this year's hottest items reveals some usual suspects leading the pack: noise-canceling headphones, high-tech fitness trackers, high-end coffee makers,
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Lending a ham: 2100 pounds of pork donated to food bank

Volunteers at Gleaners Food Bank of Indianapolis hand out groceries to senior citizens. Indiana Pork donated ham on behalf of Indiana's 3,000 hog farmers. AgriNews photos/Erica Quinlan. INDIANAPOLIS — More than 2,100 pounds of holiday ham were donated by Indiana's pork producers to Gleaners
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Inventory shortage to drive home value increase in 2018

Home values grew during 2017 at their fastest pace in four years and the same supply and demand dynamics behind that increase remain in place for 2018. The total value of all homes in the United States is now $31.8 trillion, a 6.5% increase when compared with December 2016, according to data
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Freddie Mac: Mortgage Rates on the Rise

Mortgage rates reached a five-month high this week, with the average rate for a 30-year fixed-rate mortgage (FRM) rising to 3.99%, up from 3.94% the previous week, according to Freddie Mac's Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 4.32%. For the week
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Long-term US mortgage rates rose this week after tax cuts

Long-term US mortgage rates rose this week after tax cuts. By the associated press. Dec 28, 2017, 10:15 AM ET. 0 Shares. Email. Star. 0 Shares. Email. Long-term mortgage rates rose this week to the highest level in five months after President Donald Trump signed into law $1.5 trillion in tax cuts.
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Lenders in Cork most supportive of local businesses says research

Linked Finance reviewed all loans made by its users and today publishes a league table of the most loyal lenders to their county. Lenders in Cork came out top of the table, with the desire to lend locally also high in Galway, Kerry and Waterford. The lowest level of local support was found in counties
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GOP property tax tweaks may cause your home value to drop, says housing economist

“Ninety-five percent of homeowners and homebuyers are not impacted by mortgage interest deduction limit of $750,000 or the property tax deduction of $10,000.” But one thing that could impact everyone in the real estate market is the possibility of higher mortgage rates, Yun said. “Mortgage rates could
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Realty, insurance, transport buying lifts Qatar bourse

The Qatar Stock Exchange was back in the positive trajectory on an across-the-board buying, particularly at the realty, insurance and transport counters. … Vodafone Qatar, Ooredoo and Nakilat; even as QNB, Dlala, Salam International Investment, Gulf International Services and Gulf Warehousing were
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How America Dined in 2017

At least that overshadowed the continuing explosion of juice bars, which has now seemingly lasted several years longer than the fro-yo trend. Real estate is out of control in the Boston area, and it's been dismaying to see small, independent restaurants struggle to open as each neighborhood gets pricier
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Stocks attempt gains as year's end approaches, real estate leads

U.S. stocks tried for gains Thursday, the second-to-last trading day of the year. The Dow Jones industrial average gained 44 points with UnitedHealth and 3M contributing the most to the gains. The S&P 500 rose less than 0.1 percent with advances in technology, telecommunications and real estate
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