California judge rules early cell phone termination fees illegal - 07/31/08 03:46 PM
In one of the most significant legal rulings in the tech industry this year, a Superior Court judge in California has ruled that the practice of charging consumers a fee for ending their cell phone contract early is illegal and violates state law.
The preliminary, tentative judgment orders Sprint Nextel to … (2 comments)
Frequently Asked Questions About the First-Time Home Buyer Tax Credit - 07/31/08 02:46 PM
Information about the nex tax credit bill that was passed the other day.
Frequently Asked QuestionsAbout the First-Time Home Buyer Tax Credit
The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 2008 and before July … (0 comments)
Urgent. Housing Bill Ends Downpayment Assistance - 07/30/08 12:52 PM
I wanted to post a memo from Nehemiah Corporation sent out today. Looks like they're really making an effort to try and keep Nehemiah up and running. See below.
Dear Paul,
This week the President signed H.R. 3221, Housing and Economic Recovery Act of 2008, into law. The bill contains a … (1 comments)
Bush signs housing rescue law - 07/30/08 11:30 AM
President enacts controversial measure that aims to help borrowers, bolster the housing market and provide a fail-safe for Fannie and Freddie.
President Bush on Wednesday signed into law a sweeping housing bill that aims to boost the struggling housing market and bolster mortgage finance giants Fannie Mae and Freddie Mac. … (1 comments)
Home prices drop record 15.8% - 07/29/08 12:22 PM
The S&P/Case-Shiller Home Price Index of 20 cities fell for the 22nd consecutive month.
May home prices dropped a record 15.8% from a year ago, according to the S&P/Case-Shiller Home Price Index of 20 cities. It was the 22nd consecutive month of decline recorded by the index. Prices fell 0.9% from … (0 comments)
Gas: Under $4 a gallon and falling - 07/28/08 11:34 AM
Fuel prices decline for 11th consecutive day. We'll see if they stay down. My opinion is that this is just a minor correction before gas prices head even higher.
Gas prices declined for the 11th straight day on Monday, falling to a level not seen since May, according to a nationwide … (0 comments)
Senate passes housing bill - 07/26/08 10:53 AM
Sweeping and controversial legislation aims to help troubled borrowers, bolster the housing market and provide a fail-safe for Fannie and Freddie.
The Senate on Saturday overwhelmingly passed a landmark housing bill that will offer up to $300 billion in loans for troubled homeowners and establish a government rescue plan for mortgage … (1 comments)
Housing bill not just for those on edge - 07/25/08 02:26 PM
If you think the housing bailout bill in Congress benefits only troubled homeowners, you may miss out. Millions of people could potentially benefit from the legislation, which is expected to become law soon. Some highlights (minus all of the fine print, of course):
New mortgages
Some people would be eligible to … (3 comments)
Foreclosure filings up 120% - 07/25/08 11:16 AM
220,000 homes were lost to bank repossessions in the second quarter, and the annual forecast for 2008 will have to be revised upward.
As foreclosures continue to soar, 220,000 homes were lost to bank repossessions in the second quarter, according to a housing market report Friday issued by RealtyTrac.
That's nearly … (0 comments)
Foreclosures climb in Sacramento area, but growth rate slows - 07/24/08 10:41 AM
Foreclosures again climbed sharply in the capital region during April, May and June as 6,075 more households surrendered their keys to the banks, property researcher DataQuick Information Systems reported today.
But DataQuick's numbers show that the rate of growth foreclosure activity in Amador, El Dorado, Placer, Nevada, Placer, Sacramento, Sutter, Yuba … (1 comments)
Housing Bill an Immediate Threat to Downpayment Assistance! - 07/23/08 12:38 PM
Looks like they are trying to scare everyone again by talks of taking away Nehemiah down payment assistnace. I think it's a bunch of smoke. Not having down payment assistance would really put the FHA purcahse market to a grinding halt. What I think is going to happen is that they … (3 comments)
Risk-Based Premiums for FHA Mortgage Insurance - 07/14/08 06:27 AM
HUD just came out with a revision to mortgage insurance premiums as well as monthly mortgage insurance. Below is the official memo from HUD with further explanation of changes that have been implemented along with the actual schedule of changes based on LTV and credit score. This is effective as of … (1 comments)
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In one of the most significant legal rulings in the tech industry this year, a Superior Court judge in California has ruled that the practice of charging consumers a fee for ending their cell phone contract early is illegal and violates state law.
