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Showing posts from August, 2014

High Negative Equity Among Gen-Xers Causing Housing Gridlock

High Negative Equity Among Gen-Xers Causing Housing Gridlock



Having a clear understanding of your assets is imperative to come up with strategies for the future of the health of your family.  Utilizing real estate with creative solutions can create cash flow and a forever kind of lifestyle!



I am a real estate solutions kind of realtor who can help you understand where one financially stands and how to get to the goal with the swiftest and most efficient focus while making the best investment possible!



Call me for a chat!  (844) 285-1999

Obama Administration Applauds Bank of America Settlement

Obama Administration Applauds Bank of America Settlement



Obama Administration Applauds Bank of America SettlementAuthor: Brian HoneaAugust 21, 20141 Obama administration officials praised Thursday's $16.65 billion settlement between Bank of America and the U.S. Department of Justice, $7 billion of which will go to provide consumer relief to assist those distressed by the collapse of the housing market in 2008. The U.S. Department of Housing and Urban Development (HUD) announced on Thursday that Bank of America will pay $800 million to FHA-related claims and $200 million to the Government National Mortgage Association (Ginnie Mae). The remaining money (nearly $16 billion) goes to settle claims related to sales of toxic residential mortgage-backed securities leading up to the housing market collapse six years ago, HUD said.



The amount of the settlement was the largest in U.S. history between a single entity and the government.



"Under the terms of this settlement, the bank has agre…