Real estate funds seem bubble-prone The question pops out of the current mutual fund tables like , well, like a bubble.via
Steven Preston Confirmed as New HUD Secretary Steven Preston, a former executive with Service Master, was confirmed as head of the Housing and Urban Development Department.read more...
Roark Capital Group Acquires Ace Mortgage Funding (PR Newswire via Yahoo! Finance) Roark Capital Group, an Atlanta-based private equity firm, announced today that it has acquired a majority position in Ace Mortgage Funding.read more...
For the Distressed, Tax Relief. For Others, a Bigger Bite. In a tax-Peter-to-pay-Paul move, the House voted Thursday to permanently remove the "phantom income" tax penalty that haunts financially distressed homeowners whose debt is partially forgiven by a lender
School cost increases by $358,000 The ripple effect of Hurricane Katrina has increased the estimated cost of constructing a new elementary school in the Norwin School District by $358,000. John Kamer, director of pre-construction for
Put a Lid on Rising Mortgage Payments (Sleepy Eye Herald Dispatch) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
Some banks allow illegal immigrants to obtain a home mortgage even if they don’t have a Social Security number. While the borrower’s citizenship status may be undocumented, their ability to pay is thoroughly checked out. Surprisingly, illegal immigrants are often a good risk.
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