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HUD walks back some proposed changes to HECM for Purchase program - HousingWire
HousingWire· 6 days agoThe U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program ...
What Is An Interest-Only HELOC?
Consumer Affairs· 7 days agoHELOCs provide a maximum line of credit that can be drawn down and repaid repeatedly. During the draw period, HELOCs have interest-only payments based on a variable interest rate. How does an interest-only HELOC work?
Federal Reserve says interest rates will stay at two-decade high until inflation further cools
Eyewitness News 3 Hartford· 24 hours agoThe Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent...
Can a new weed rule be Trump-proofed?
Politico· 22 hours ago...But others put that number much higher,” by WBEZ’s Dave McKinney. — After 3 years, state poised to enforce law aiming to end lending discrimination: It calls for financial institutions to periodically report on the number and amount of mortgage loans and small business loans they make, their...
Does Medicare cover long-term care costs?
CBS News· 3 days agoFor example, if you need nursing home services, the average cost for a semi-private room in a nursing home is over $104,000 per year. The price for a...
Fed holds rates steady as inflation casts doubt on future cuts
FOX Business· 16 hours agoThe widely expected decision – which left interest rates unchanged at a range of 5.25% to 5.5%, the...
A Belleville duplex is deteriorating. HUD and a squatter are calling the shots.
Belleville News-Democrat via Yahoo News· 3 days ago“There are a lot of professional squatters out there. They just move from place to place to place...
Powell likely to signal that lower inflation is needed before Fed would cut rates
KRQE & KASA FOX 2 Albuquerque· 1 day agoWASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big questi…
U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’...
Fortune via Yahoo Finance· 6 days agoAs U.S. citizens swiped their credit cards, took on bumper loans, and applied for mega-mortgages...
Couple trapped in $700k home they 'can't move out of' despite paying mortgage
The US Sun· 4 days agoTwenty-four years ago, Apel and Irwin purchased their four-bedroom home on two acres in Lebanon, New...