Montebello Real Estate News
Real Estate news for Montebello, CA continually updated from thousands of sources.
Yesterday | via Hispanic Business
CHW's successful negotiation with HUD to renew a 20-year contract for 81 project-based Section 8 units ensures that the property can serve vulnerable families, individuals living on fixed and minimum wage incomes, or existing homeless. CHW has a successful history as a real estate developer in urban, suburban and rural communities with a portfolio of over comprised of 31 rental communities with nearly 1,800 apartments. Comment?
Tuesday | via Courthouse News Service
Pension plans will not make it to the Supreme Court after all to intervene in a challenge against IndyMac, the justices said Monday. U.S. District Judge Lewis Kaplan, the original jurist to dismiss their claims for lack of standing, had defined such certificates "a type of mortgage-backed security that entitles its owner to a portion of the revenue stream generated by an underlying pool of residential mortgage loans." Comment?
Sunday Sep 28 | via American Reporter
Readers who see three YouTube videos on our front page this past week must be curious. Has The Americzan Reporter become tabloid? Is the editor out of his mind? There is a simple explanation, and it is a news-related one. Comment?
Tuesday Sep 23 | via CBS Local
A couple who operated four foster homes for Los Angeles County pleaded not guilty Tuesday to charges of embezzling more than $460,000. CSJ Kidogo, executive director of Little People's World, and his wife, Hitaji Kidogo, LPW's assistant executive director, have been charged with 11 counts each of misappropriation of public funds and embezzlement by a public or private officer. Comment?
Monday Sep 22 | via MSN Money
"What is making me 'restless' is that I 'should' be able to live on my own. I hate the idea of the very real possibility that I may be 30 and still living with a roommate because I cannot afford to rent by myself." Comment?
9 hrs ago | via RecordNET
Returns on single-family home rentals in San Joaquin County, as well as much of California, are relatively poor because of strong median home prices, RealtyTrac Inc. reported today. In comparing gross returns on rental homes in nearly 600 U.S. counties, based on median prices for a three-bedroom home and fair market rents, San Joaquin County stands in the lower third of the rankings, 453rd, and its 6.8 percent gross yield is well below the national average 9 percent return. Comment?
19 hrs ago | via The Las Vegas Sun
A federal judge could rule Wednesday on a bankruptcy exit plan for Stockton, an inland port city in California that in 2012 became the largest city in the U.S. to file for Chapter 9 protection before Detroit filed last year. U.S. Bankruptcy Judge Christopher Klein has scheduled a hearing in Sacramento in a trial that has lasted more than four months. Comment?
21 hrs ago | via Housing Wire
This year, for the first time, the Chinese surpassed Canadians as the top investors in American residential real estate. According to the National Association of Realtors , during the 12-month period that ended in March, investors from China invested $22 billion into the U.S. housing market. Comment?
Tuesday | via GlobeNewswire
CARETS, a service that tracks real estate activity in the Multiple Listing Service for Southern California, reports that in August 2014, an average sold home in Pasadena closed escrow at $1,099,000 at $506 per square foot. On average, single family houses sold at 100% of asking price. Comment?
Tuesday | via National Mortgage News
Your Staff Should Look Like Your Customer Base: Capital One's Grace Huebscher Given the customer base in the banking industry, success depends on embracing diversity, says Grace Huebscher, who heads multifamily finance for Capital One. Edward J. DeMarco, who worked to shrink Fannie Mae and Freddie Mac as their U.S. overseer after the 2008 financial crisis, started a new job this week: senior fellow at the Milken Institute's Center for Financial Markets. Comment?
3 min ago | via Daily Kos
Amy B. Dean says the trend of companies moving abroad is just the latest strategy in tax avoidance, part of a decades-long pattern. She argues that as companies further disconnect from American life by moving abroad, their influence on politics should be limited. Comment?
3 min ago | via ThinkProgress
The U.S. Supreme Court agreed to take a case Thursday morning that is expected to demolish a crucial legal protection against racial discrimination in housing. The case concerns how plaintiffs can prove that governments and developers are discriminating. Comment?
3 min ago | via Washington Examiner
For the third time in recent years, the Supreme Court will consider taking away a powerful legal tactic the Obama administration and others have used to combat housing discrimination. The justices agreed Thursday to take up a Texas case that challenges the theory that certain housing or lending practices can illegally harm minority groups, even when there is no proof of intent to discriminate. Comment?
4 min ago | via Reuters
There may be room for only five major banks in Hungary, bankers said on Thursday, as lenders weigh the cost of compensating people who took out risky foreign currency mortgages. Central bank Managing Director Marton Nagy told the Reuters Eastern Europe Investment Summit earlier this week that just five major banks would remain in Hungary after competing for clients when Swiss franc and euro mortgages are converted next year. Comment?
5 min ago | via KGNS-TV Laredo
Teresa and Giuseppe "Joe" Giudice are scheduled to be sentenced Thursday on conspiracy and bankruptcy fraud charges in federal court in Newark. The couple had pleaded guilty in March, admitting that they hid assets from bankruptcy creditors and submitted phony loan applications to get some $5 million in mortgages and construction loans. Comment?
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