Category: Economy
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U.S. Supreme Court Decisions Affecting Housing Professionals
The latest cases to reach the Supreme Court could change how Chapter 7 bankruptcy affects homeowners. Another issue that parallels this one is mortgage-backed securities, which affected investors during the 2008 crash.
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Reaction To The House Republican 2016 Proposed Budget
As the House Republican 2016 proposed budget was unveiled on Tuesday, there has been a great deal of opposition as well as backing for it by different parties. Depending upon whether you are a Democrat or a Republican, your feelings and beliefs about the new proposed budget will differ greatly.
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3 Successful Ways To Market To Millennial Homebuyers
If you’re a real estate agent, marketing to millennials can be beneficial to your business, as they are the largest age group in America. If you are not a millennial yourself, you may have preconceived notions about those born in or after 1981, which can hinder the way you sell to them. We reveal the…
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New Plan To Bolster Affordable Housing In NYC
Last month, we wrote a blog on New York’s growing number of zombie properties and what the New York Attorney General planned to do about it. Here is an update on the state of housing of NYC as we discuss the mayor’s plan to make housing more affordable for NYC residents.
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Freddie Mac: Net Income of $7.7 Billion Reported for 2014
Today, Freddie Mac announced its net income for 2014 which amounted to $7.7 billion, down $41 billion from the financial results of 2013.
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House Financial Services Committee to Question HUD Secretary Castro at Hearing
U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro is set to testify February 11 before the House Financial Services Committee. The Committee will propose questions about the financial status of the Federal Housing Administration (FHA), the recent announcement of the lowering of mortgage insurance premiums, and the condition of the Mutual Mortgage…
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Freddie Mac Auctioning $410 Million of Delinquent Inventory
In a move to reduce illiquid assets, Freddie Mac is auctioning $410 million of delinquent mortgage loans. The Government-Sponsored Enterprise (GSE) recently concluded the offer period for the major sale. This latest auction of Freddie Mac’s inventory marks the second time the GSE has held a major auction to clean its portfolio.
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SBA Announces Matchmaking Events through American Supplier Initiative
The U.S. Small Business Administration (SBA) has announced matchmaking events throughout 2015 which will expand the American Supplier Initiative. Created in 2012, the American Supplier Initiative supports American manufacturing by investing in the small businesses that comprise America’s suppliers.
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Impact Investment Fund Tripled in Last 12 Months
The U.S. Small Business Administration (SBA) has announced today the threefold growth of the Impact Investment Fund of the Small Business Investment Company (SBIC) program. In the last 12 months, the fund has tripled.
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U.S. Women Business Owners Focus On Profits and Productivity
During the current uncertain economy in the U.S., more women business owners are concentrating on producing more cash flow and efficiency in order to improve their companies, according to a recent PNC Women Business Owners Survey.