Is The Global Housing Market Due For Correction?
According to Arizona based consultant Ben Jones, countries like China and Canada could be in for a housing market correction that could shake the globe.
Low Income Housing Tax Credit May Be Facing The Axe
Budget cutting in Congress could lead to the elimination of the low income housing tax credit.
New Push for Repeal of Stand Your Ground Laws
It was big news last week when prosecutors charged George Zimmerman with second-degree murder in the shooting of Trayvon Martin. But Zimmerman could walk free if a judge decides his actions fall under Florida’s “stand your ground” law, which gives broad leeway to people to shoot in self-defense. There is no way to undo what happened in the Zimmerman-Martin encounter, but some good can still come of it: it could lead states to repeal their misguided “stand your ground” laws.
To read the rest of the article, click here.
New Rules Aim To Help Borrowers Avoid Foreclosure
The Consumer Financial Protection Bureau’s proposed rules would require mortgage servicers to give all borrowers standardized monthly statements, warn borrowers about interest rate or insurance changes, improve record-keeping, and give borrowers options to avoid losing their homes
The agency said it will formally propose the rules this summer and finalize them by January 2013. Read more…
George Zimmerman’s Lawyers Withdraw From Case
George Zimmerman’s attorneys said Tuesday they have lost contact with him and can no longer represent him, further commenting that Zimmerman has gone rogue, reaching out on his own to the special prosecutor investigating Trayvon Martin’s death against their advice and calling Fox News’ Sean Hannity. Read more…