If this doesn't revive the housing market in California, then nothing will: California governor Arnold Schwarzenegger signed a billing allowing for new home buyers to receive a maximum tax credit of $10,000. And here's the kicker: buyers can use both the California credit and the new federal tax credit for a total benefit of $18,000. Tax credit means that if a consumer owes Uncle Sam and the state $18,000 their tax bill would be, well, zero. Is this a great country or what?..
Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
