Some are calling it a step toward making the “zombie” problem better.
New state legislation, passed in the early hours of Saturday morning, has to do with homes that have become so-called zombie properties — empty houses stuck in sometimes-lengthy foreclosure and prone to falling into disrepair.
The legislation, according to state elected officials who led and supported its passage, includes:
If ever there were a poster child for the importance of regulators enforcing the Community Reinvestment Act, it was the merger of CIT Group and OneWest Bank. Both banks had troubled histories and their proposed merger was the first time a “systemically important financial institution” would be created by a bank merger. However, in reality, the role the regulators have played has been deeply disappointing.
The Consumer Financial Protection Bureau just fired a shot across the bow of the country’s mortgage servicers after it found that some servicers are using outdated computer systems that could run them afoul of CFPB rules. “Mortgage servicers can’t hide behind their bad computer systems or outdated technology,” said CFPB Director Richard Cordray. “There are no excuses for not following federal rules.”
(Image credit: Lauren Kolyn)
A while back, my partner proposed installing a floor-to-ceiling tree decal on our bedroom wall. The resulting discussion was a bit…awkward because though I readily acknowledged—even listed—the positive qualities of decals (temporary, fun, easy-to-install), I could only list one con: I don’t like them.
Trade groups representing mortgage bankers, financial institutions and Realtors are among two dozen groups calling for the elimination of loan level price adjustments.
In addition to guarantee fees, pricing on loans backed by Fannie Mae and Freddie Mac include LLPAs that are paid at the time the loans are delivered to the two firms.
LLPAs were introduced by the government-sponsored enterprises in February 2008. They are determined by credit scores, loan-to-value ratios and other risk factors.
Close one eye (you need the other to read this) and dream with me for a second: it’s a warm, obligation-less Saturday afternoon (because #duh) and you step out into your backyard oasis to feel the sun on your SPF-protected skin, peach iced tea in hand (if we’re dreaming, maybe it should be an Oreo milkshake?). Looking around, you take in your surroundings and say to yourself “Man, how lucky am I to have this outdoor space?”
As they prepared to put their Wyckoff home on the market, Dawn and Richard Schollin followed their real estate agent’s advice to have the septic system inspected. Bad news: Under state rules, the system was obsolete and had to be replaced — an undertaking that tore up the Schollins’ front and rear yards and took more than 10 weeks. It wasn’t cheap, either. “By the time we were done, it cost us $35,000,” said Dawn Schollin, a retired school media specialist.
Name: Colton ( 6 months)
Location: Las Vegas, Nevada
I created my nursery after I was inspired by my babymoon vacation to Alaska. When you are pregnant in Las Vegas in the summer a cooler Alaskan vacation is more than welcome. A picture I took of Mt. Denali at sunset was the inspiration to paint an ombre mountain range on all of the walls of the nursery.
The latest celeb to enter the stationery biz? None other than Taylor Swift. The pop star released a collection of cards at Papyrus, with practically zero buzz.
