Newark Utility Tax on November Ballot - 08/01/09 11:54 PM
Faced with a $4.2 million budget deficit, the Newark City Council will place a 3.9 percent utility tax on the November ballot. If approved by the voters the 3.9 percent tax will be applied to electricity, gas, telephone and cable television services. Revenue from the tax will pay for police and fire protection and other basic city services including street and park maintenance. Newark city staff claim the tax will generate approximately $2.6 million annually. Bay East has not yet taken a position supporting or opposing the tax. 
Remember .... "Dream Green" 
Considering Moving to the Newark or the East Bay Area?    ~   Do you want to Buy … (1 comments)

New Lender Disclosure Requirements - 08/01/09 11:50 PM
On Thursday, July 30, the Federal Reserve Board's Truth in Lending "Regulation Z" took effect and applied new disclosure requirements for both new mortgages and refinancings.  Among other things, lenders must now provide good-faith estimates that include loan costs within three business days of receiving a loan application; a loan cannot close until a seven-day waiting period has ended; an updated disclosure must be provided if the loan's interest rate changes by more than 0.125 percent
The Mortgage Bankers Association has prepared a summary of Regulation Z which you may review by clicking here. 
Meanwhile, the Federal Reserve Board has already circulated extensive … (2 comments)