“The House passed legislation Friday to give the Federal Housing Administration flexibility to raise mortgage insurance premiums on the loans it guarantees.”
Archive for July, 2010
For 2006-2009, real GDP decreased at an average annual rate of 0.2 percent; in the previously published estimates, the growth rate of real GDP was 0.0 percent. From the fourth quarter of 2006 to the first quarter of 2010, real GDP increased at an average annual rate of 0.2 percent; in the previously published estimates, real GDP had increased at an average annual rate of 0.4 percent. … If indeed, the inventory cycle is behind us, then what we have on our hands is an underlying baseline trend in GDP of 1.2% at an annual rate. And if we are correct in our assumption that the looming withdrawal of fiscal stimulus at the federal level and the cutbacks at the state and local government level subtract 1.5% from growth in the coming year, then it begs the question: How exactly does the economy escape a renewed moderate contraction over the next four to six quarters, barring some unforeseen positive boost?
“There are a number of theories about why stimulus programs and all-time low mortgage rates have failed to breathe new life into the nation’s real estate market. The supply of homes remains bloated, home prices continue to be depressed and the foreclosures keep coming.”
“Weyerhaeuser Co., a home builder and the second-largest owner of U.S. timberlands, said the timing of a recovery in demand for new single-family housing remains “uncertain.””
“As a result of Ireland’s boom and bust years, some 300,000 new homes remain unfinished or unsold on so-called ‘ghost estates’ across the country.”
Just sold short sale in Westchester County New York
I just sold this home in Yorktown Heights NY in 3.5 months. It took about a month and a 1/2 to find a buyer and then about 3.5 months to close the short sale. More and more distressed sellers are benefiting from a short sale. The average [...]
Freddie Mac Takes On Short Sale Investors
Short Sale Fraud – Freddie Mac Drops A Huge Bomb On Real Estate Investors
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For Rent: 2BR/1BA Apartment in Clearwater, FL, $500/month
2BR/1BA Apartment $500/month – Wow great short term lease. Need to cut cost here’s your new place for the next 6 months. This property is a short sale with a six month lease. It’s b
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Short Sale Vs. Foreclosure
An educational article on short sales versus letting the home enter foreclosure
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Student loan debt is something that can be troublesome for many after they graduate, but it does not have to follow one around for years, becoming a financial strain, after they exit a college or university. Certain individuals may qualify for student loan forgiveness options or may have their debt canceled if they meet certain requirements. Man college graduates have been able to use this forgiveness option and erase their college loan debt after a set period of time in repayment.
Typically, federal student loans have a very well outlined procedure for qualifying to have one’s student loan debt forgiven. Student loan forgiveness is commonly given to individuals who are in public service fields, like teaching, law enforcement, or the medical field, and individuals who work in these areas of public service may be able to have their federal student loans forgiven after 10 years worth of repayment.
Some are unaware that their student loan debt can be forgiven and, as a result, have been struggling to make their student loan payments for years despite working in a profession that may afford them the opportunity to be granted forgiveness of their college debt. Individuals who work in public service areas are often advised to contact their student loan lender to see if they qualify, or what steps they need to take in order to meet these qualifications.
The Direct Loans program oversees federal government student loan lending and is a useful starting point for anyone who is seeking specific qualifications for federal student loan forgiveness related to their student debt situation. Usually, the basic requirements for forgiveness are that an individual be in a public service occupation when they began and finish their 10 year repayment term, and be enrolled in a Direct Loans repayment plan. Often, anyone with federal student loans will be working with Direct Loans so meeting these qualifications isn’t overly difficult in most cases.
While there can be student debt cancellations for individuals who have become disabled, there are alternative assistance plans when dealing with college debt. If forgiveness is not an option, there are economic hardship deferment or forbearance plans, as well as, income-based repayment programs and student loan consolidations which can help someone with multiple student loan debts overcome monthly payments on their loans.
Also, the Department of Education is another resource that individuals with student loan debt can use when looking for repayment assistance options, forgiveness of student loan debt, or for individuals who simply have more questions about combating their student loans in a way that is affordable for their personal financial situation.