WASHINGTON — The Consumer Financial Protection Bureau is plowing ahead with a busy enforcement agenda despite a cloud of uncertainty hanging over it from the Supreme Court’s decision to take a case challenging the bureau’s funding. The CFPB said it was “pleased” that the Supreme Court had decided on Monday to take a case about … [Read more…]
The following is a real-life story submitted by a fellow blogger. Creating long-term wealth in real estate investing is about understanding the rules and not going broke. I owned seven houses by the time I was 24-years old. I was all-in on the dream of real estate riches and driving a Porsche Boxster. I was […]
The post 7 Rules I Learned After Going Broke in Real Estate Investing appeared first on Good Financial Cents®.
In an effort to make homeownership more affordable, the U.S. Department of Housing and Urban Development (HUD) is reducing fees on FHA loans. Specifically, HUD in conjunction with the Biden-Harris Administration will slash the annual mortgage insurance premium (MIP) by 30 basis points. The move is expected to save the average homeowner about $800, or… Read More »Annual Mortgage Insurance Premium on FHA Loans Reduced 30 Basis Points
The post Annual Mortgage Insurance Premium on FHA Loans Reduced 30 Basis Points appeared first on The Truth About Mortgage.
Sales of commercial mortgage bonds have fallen off a cliff, plummeting about 85% year-over-year, as rising interest rates cut into lending volume and defaults spook investors. Only about $4.27 billion of the bonds have been issued so far this year, down from $29.38 billion at this same point last year, according to data compiled by … [Read more…]
Saving up money for a down payment and closing costs has created a barrier for many would-be homeowners. To make it a worthwhile debt to incur, incentive programs were designed, like the mortgage interest tax deduction, which has made it even more attractive for renters to take the leap and incur the mortgage debt required […]
The post What Is a Mortgage Interest Deduction? appeared first on The Simple Dollar.
A couple of Democratic Party Congressmen have introduced a new tax bill called the âFirst-Time Homebuyer Actâ that will, if passed, provide a tax credit for first-time home buyers of up to 10% of the purchase price of their new home, or $15,000. The bill, proposed by representatives Earl Blumenauer (D-OR) and Rep. Jimmy Panetta, […]
The post Democrats introduce 15K first-time homebuyer tax bill appeared first on RealtyBizNews: Real Estate Marketing & Beyond.
The world has become full of people telling us how to live our lives. How to spend our money, how to save it, what career to get, and what we should dream about. I can’t stand it when people tell others exactly how they should live! We are all different and we all have different … Read more
Who doesn’t want a little extra money each month? The best side jobs or “side hustles” are popular ways to earn cash quickly, but it’s also a fact of everyday life for many Americans now. According to the most recent data from the Bureau of Labor Statistics, 6.1 million U.S. workers are “involuntary part-time workers” or those who would prefer full-time employment but can’t because their hours have been cut or they can’t find full-time employment.
To find the best side jobs you need to be armed with enough information to avoid scams but also a sense of whether its a match for your particular skills and situation. For example, if you have small children and care is either unavailable or prohibitively expensive, things you can do from home in the off hours (nap-time, evening) is essential. To help, we’ve researched gigs that offer flexible hours, a reasonably simple way to get started, and what appears to be a fair wage. Our methodology is a subjective look into the benefits of each side job using the three factors we deemed most important:
The FHFA’s move to lower the fee for commingled securities should remove much of the friction in the UMBS market, the MBA said.