Advance Real Estate News
Real Estate news for Advance, MO continually updated from thousands of sources.
3 hrs ago | via Business Journal
When it comes to buying a home, Missourians are more likely to overspend their originally established budget than Kansans, but when Kansans blow the budget they spend more. About 19 percent of Missourians who bought a home blew their budget, by an average of $18,554. Comment?
Wednesday | via The Las Vegas Sun
Six years after the collapse of financial firm Lehman Brothers, Nevada has recouped a $50 million investment it made with the now-bankrupt investor. Marshall was treasurer when Nevada purchased $50 million worth of A-rated bonds from Lehman in 2007. Comment?
Wednesday Sep 10 | via Twin Cities Daily Planet
Rising college debts are holding back recovery in the housing markets while housing costs converge with college debts to also hold back recovery for the broader U.S. and Minnesota economies. This drag on economic performance isn't perfectly documented and analyzed yet. Comment?
Wednesday Sep 3 | via Missourian
Some graduates of a suburban St. Louis Catholic school are upset the school asked two female teachers to resign after they were married in New York. Olivia Reichert and Christina Gambaro said Cor Jesu Academy officials asked them to quit in late July after the school received a copy of a mortgage application with the couple's names. Comment?
Tuesday Aug 26 | via Reuters
It took just one day for U.S. Attorney General Eric Holder's announcement Thursday that Bank of America would pay $16.65 billion over charges of fraudulent mortgage origination, securitization and servicing to have an impact. Comment?
4 min ago | via Wall Street Journal
Higher levels of student debt will reduce U.S. home sales by around 8% this year, according to a report released Friday by John Burns Real Estate Consulting , an advisory firm. The paper examines the impact of student debt on purchase activity for households under age 40. Those households account for around two-thirds of student debt holders. Comment?
7 min ago | via Washington Times
Several debates have been set between the major candidates for the U.S. House and U.S. Senate. Democratic House candidate John Lewis also introduced a plan this week he says will support women and families, while Democratic Senate candidate Amanda Curtis filed her personal financial statement. Comment?
13 min ago | via The Washington Post
It was a dA jA vu moment this week when HUD Secretary Julian Castro pledged to promote homeownership , calling it the "cornerstone of the American dream" in his first major policy speech. Nearly two decades earlier, another former San Antonio mayor and fellow Latino - Henry Cisneros -- made the same pledge after he took over at the Department of Housing and Urban Development, casting homeownership as a pathway to the middle class. Comment?
13 min ago | via National Mortgage News
The Risks of an Overly-Concentrated Servicing Industry Post-crisis developments put a lot of underperforming loans in the hands of a small number of servicers. Increased regulation and the need for specialized skills drove banks out of the business. Comment?
14 min ago | via KXLY-TV Spokane
Bank of America has agree to pay $31 million to settle a class action lawsuit that claims mortgage borrowers were forced to maintain excessive flood insurance coverage. The Oregonian reports Friday that U.S. District Court Judge Michael Simon approved the settlement in an opinion filed Thursday. Comment?
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