Monthly Archives: February 2020

Household Debt Tops $14 Trillion as Mortgage Originations Reach Highest Volume Since 2005

2020-02-12T09:38:22-05:00

Growth Seen in New Credit Extensions Across Debt Types; Transitions into Delinquency Among Credit Card Borrowers Continue to Rise

NEW YORK – The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on

Household Debt Tops $14 Trillion as Mortgage Originations Reach Highest Volume Since 20052020-02-12T09:38:22-05:00

Dave Hershman – Why Is My Rate Higher?

2020-02-12T09:18:45-05:00

Time and time again we get this question from some of our clients. “I read in the papers that the average rate for mortgages is _____%. Yet I am being quoted a higher rate than average. Why am I being asked

Dave Hershman – Why Is My Rate Higher?2020-02-12T09:18:45-05:00

Where Marijuana Use Is Legal, Realtors® Saw Increased Demand in Commercial Properties

2020-02-12T09:20:15-05:00

A new definition for “hot property” has emerged within the real estate market. The recent string of state-level marijuana legalization continues to impact commercial property demand and residential housing decisions throughout the United States.

These findings are according to the latest

Where Marijuana Use Is Legal, Realtors® Saw Increased Demand in Commercial Properties2020-02-12T09:20:15-05:00

Freddie Mac Survey Shows Affordability Continues to Drive Purchase and Rental Decisions

2020-02-11T14:24:26-05:00

Renters and Homeowners Consider their Options Given Low Mortgage Rates

Key Findings:

  • An unprecedented number of renters (84%) believe renting is more affordable than owning, an all-time high for the survey and up 17 percentage points from February
Freddie Mac Survey Shows Affordability Continues to Drive Purchase and Rental Decisions2020-02-11T14:24:26-05:00

Property Developer Sentenced to 8 Years in Prison for $10 Million Ponzi Scheme and Obstructing the IRS

2020-02-11T14:13:28-05:00

An East Greenwich, Rhode Island, property developer was sentenced to eight years in prison today for operating a $10.3 million dollar Ponzi scheme and obstructing an Internal Revenue Service (IRS) investigation, announced

Property Developer Sentenced to 8 Years in Prison for $10 Million Ponzi Scheme and Obstructing the IRS2020-02-11T14:13:28-05:00

TRUMP ADMINISTRATION PROPOSES 2021 HUD BUDGET

2020-02-11T13:28:00-05:00

Budget preserves rental subsidies; increases homeless assistance and healthy housing

WASHINGTON – President Trump today announced the release of the Administration’s Fiscal Year 2021 budget, “A Budget for America’s Future.” The FY21 budget seeks to provide the Department of Housing

TRUMP ADMINISTRATION PROPOSES 2021 HUD BUDGET2020-02-11T13:28:00-05:00

HUD AWARDS FUNDS TO BUILD 1,100 HOMES FOR LOW-INCOME SENIORS

2020-02-11T13:45:43-05:00

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded more than $51 million in housing assistance to non-profit organizations across the country to finance more affordable housing construction, provide rental assistance, and facilitate supportive services delivery

HUD AWARDS FUNDS TO BUILD 1,100 HOMES FOR LOW-INCOME SENIORS2020-02-11T13:45:43-05:00