Month: February 2016
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Southern California Realtors Eye Single Female Homebuyers
At a gathering of local real estate agents, Long Beach broker Sonia Moncayo said she loves selling to single women, as one herself. But more than that, it’s just good business. “They have money, they have savings, and they are happy with their own home,” Moncayo said. Single women are the largest group of homebuyers…
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Will Bank of America’s New Loan Program Boost Homeownership?
The Federal Housing Administration (FHA) offers home loans that allow low down payments, as low as 3.5 percent; these loans however, need to be backed by private mortgage insurance, meaning an additional cost to already overextended homebuyers. Bank of America is set to launch a new program that will let homebuyers make a down payment…
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NAWRB Events Work To Inspire Women In Real Estate
The National Association of Women in Real Estate Businesses (NAWRB) works to bring women to the forefront of the housing industry with accountability and results by increasing the number of women in the boardrooms and executive offices of America. Along with their advocacy, NAWRB has several upcoming events to help inform their community of industry…
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Diversity & Inclusion: Effects on Homebuyers
Diversity and Inclusion (D&I) is receiving more attention in the business world, as a greater number of companies are increasing their efforts to include women and minorities in their workforce. A recent study, Women in the Workplace, conducted by LeanIn.org and McKinsey & Company reveals disappointing results; it shows that the American corporate world is…
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House Flipping in the United States
Indicative of a competitive housing market with stable demand, house flipping is a practice with a lasting effect throughout the country. According to Business Insider (BI), despite comprising a steady amount of all home sales, the current national flip rate of 5 percent is comparable to non-housing bubble years and significantly lower than the 8.6…
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Zombie Foreclosures: Impact on Neighborhoods
Zombie foreclosures are a nationwide issue and according to the Five Star Institute, almost 37 percent of foreclosed homes across the country are abandoned. What are zombie foreclosures and why are they causing a stir in the market?
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Mentorship: A Boon for Enterprising Women
Who is a Mentor? Who comes to your mind when you think of the word mentor? Someone older, who has a lot of experience, a favorite teacher from high school, maybe. After all, the word mentor refers to a knowledgeable advisor who can play a key role in your life and career.
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Anti-Discrimination Housing Regulations to be Introduced in New York
Discrimination is unjust, especially when it pertains to an individual’s basic necessities such as a home. Most people are aware of redlining practices that occur across the nation, but discrimination does not stop with mortgage lenders and banks.
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Happy Valentine’s Day!
Valentine’s Day, as our generation knows it, is a day for celebrating love. Several dozens of roses, numerous boxes of chocolates and gifts are exchanged on February 14, across the globe. But do you know the history behind this holiday of the hearts?
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Fannie Mae Sells Largest Number of Non-Performing Loans to Date
Fannie Mae began its official sale of Non-Performing Loans (NPLs) in April 2015 and since then has sold thousands of seriously delinquent loans. These sales are conducted based on guidelines provided by the Federal Housing Finance Agency (FHFA) and require buyers, as articulated on Fannie Mae’s website, “to offer loan modifications to borrowers and provide…