Wheeler Real Estate News
Wednesday May 20 | via OregonLive.com
Gov. Kate Brown on Tuesday brought some national attention to Oregon's housing crisis and one of her remedies for easing it - an ambitious request to borrow $100 million and build thousands of affordable units. Brown folded the plan in the preface she wrote for this year's version of the the the National Low Income Housing Coalition 's Out of Reach report, a state-by-state examination of the growing gap between wages and housing prices for low- and middle-income Americans. Comment?
Monday May 4 | via The Oregonian
There's a kitchen, bathroom, space for a washer and dryer, and two bedrooms in the loft area of the 196-square-foot house on wheels. It's about an eighth of the size of the Sherwood house she's renting now. Comment?
Apr 24, 2015 | via Washington Times
An Oregon commission proposed Friday levying a $135,000 fine against Aaron and Melissa Klein for refusing to provide a wedding cake for a same-sex marriage ceremony based on their Christian beliefs. Aaron and Melissa Klein , who are struggling to make ends meet after closing Sweet Cakes by Melissa in September 2013, received the 110-page proposed order Friday from the Oregon Bureau of Labor and Industries, which ruled against the couple in February. Comment?
Apr 15, 2015 | via The Oregonian
Oregon and 42 other states, along with the federal government, have reached a settlement a mortgage company they say helped would-be mortgage loan officers cheat on licensing exams. New Day Financial of Maryland, which conducted business as NewDay USA , will pay a $5.28 million penalty to be split between the states, and its CEO will be removed. Comment?
Apr 14, 2015 | via The Oregonian
Houses lingered on the market for less time in March -- about 75 days, on average -- than in February, RMLS reported. People seeking to buy a house in Portland faced longer odds in March than at any time since September 2005, the Regional Multiple Listing Service reported this week. Comment?
2 min ago | via Jewish World Review
On any list of calamities threatening the world economy, a China crash ranks at or near the top. Just what would constitute a "crash" is murky. Comment?
1 hr ago | via Reuters
Poland's Bank Association said it will propose on Wednesday a way to deal with the Swiss franc-denominated mortgages weighing on borrowers, but it will not include converting them at an old exchange rate that would punish banks and the economy. About 550,000 Poles hold Swiss franc mortgages, accounting for about 40 percent of all mortgage lending, most taken out before the 2008 global financial crisis to benefit from low Swiss interest rates. Comment?
Sunday May 17 | via Cape Cod Times
The federal government is extending for another year two programs designed to help homeowners who are at risk of defaulting on their mortgage or still owe far more on their loans than the properties are worth. The Home Affordable Modification Program and the Home Affordable Refinance Program will be extended until the end of 2016, Mel Watt, director of the Federal Housing Finance Agency, said Friday. Comment?
8 min ago | via West Australian
Sweden's financial watchdog on Tuesday proposed increasing the reserves banks must set aside to cover potential losses from mortgage lending in case the country's booming housing market runs out of steam. Swedish banks are already among the best capitalized in Europe, but the Financial Supervisory Authority is concerned that soaring levels of household debt could still leave them vulnerable if there is a correction in the real estate market. Comment?
11 min ago | via GlobeSt.com
Government economists have been second-guessing the accuracy of the nation's GDP calculation and, in a recently-announced step, the Bureau of Economic Analysis said it will alter its methodology for the second quarter numbers. While this debate is fascinating and controversial for policy wonks, it has been of glancing interest to the business community. Comment?
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