Category: Home + Lifestyle

Newly inaugurated Trump administration puts mortgage premium cuts on hold

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The U.S. Department of Housing and Urban Development on Friday suspended a controversial plan that would have slashed the premium rates for certain federally backed mortgages.

The reversal by the Federal Housing Administration came less than two hours after Donald Trump was sworn in as president.

The announcement came in a letter signed by Deputy Assistant Secretary for Housing Genger Charles, which said the reduction in FHA mortgage insurance premiums that was slated to take effect on Jan. 27 would be “suspended indefinitely.”

Read the source article at cnbc.com

America’s new most expensive house lists for $250M

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Move over Florida megamansion with 33 bedrooms, there’s a new top dog in the national real estate market. Just listed for a bonkers $250 million in L.A.’s Bel Air, this lavish pile of glass, white walls, and turf is the work of luxury developer Bruce Makowsky, who famously sold a Beverly Hills spec home to Minecraft creator Markus Persson for $70M, a house that Jay-Z and Beyoncé had also been eyeing.

Read the source article at Curbed

FHA cuts mortgage insurance premiums again

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When the FHA announced late last year that its flagship fund, the Mutual Mortgage Insurance Fund, grew for the fourth straight year, it led to many question whether we would see a cut to its mortgage insurance premiums again. Now we have an answer. Click the headline for the full details on the FHA reducing mortgage insurance premiums.

Read the source article at U.S. Housing Finance News

Mortgage rates reverse course, moving lower for the first time in more than two months

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Fixed mortgage rates, which have been on a tear since the presidential election, retreated this week, falling for the first time in nine weeks.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.2 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.32 percent a week ago and 3.97 percent a year ago.

 

Read the source article at The Washington Post

CFPB fines TransUnion and Equifax for deceiving consumers with their marketing

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HousingWire first broke the news late last week that TransUnion would pay just shy of $17 million as part of a settlement with the CFPB, as revealed by a company filing with the Securities and Exchange Commission. As it turns out, there’s more. Today, the CFPB’s report revealed Equifax was fined too. Click the headline for more information.

Read the source article at U.S. Housing Finance News

The New Kitchen Trends We’re Anxiously Anticipating — The 2017 Kitchen

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We saw so many beautiful kitchen trends in 2016: tons of marble, rich blue and black cabinets, open shelving, and a mix of materials. While we don’t think these things will disappear overnight, we definitely see a shift ahead. If you’re thinking about redoing your kitchen soon, or are just design curious, read on for what you can expect to see more of in the coming year, and why we think that’s the case.

Read the source article at Apartment Therapy

We Bet You Don’t Know: Origins of 5 Classic Christmas Traditions

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It’s the most wonderful time of the year: Colorful lights on every street corner, the scent of pine filling the air, all kinds of holiday cheer being passed around. But do you ever find yourself wondering why we do the things we do in the holiday season? Where did all of these traditions come from? Well, pull up a chair and grab a mug of spiced cider (or, you know, mulled wine). We have five classic Christmas traditions to share—and how they got started.

Read the source article at Apartment Therapy