January 2014

Found 25 blog entries for January 2014.

Ask two different homeowners what they think about living in a community with a homeowners association and you may see one of them scowl and another one smile.

The difference of opinion on homeowners associations, or HOAs, depends on several factors, including individual personalities and preferences and the quality of the particular HOA. Rules and dues vary but, in general, homeowners who live in an HOA must abide by its regulations and pay a monthly, quarterly or annual fee that pays for management and maintenance of the community.

HOA Benefits

Many homeowners prefer to live in an HOA for several reasons, including:

  • Community appearance: Homes within an HOA must meet the standards set by the association or face a fine, so you’re less
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Do you know how hard it is to become a professional football player?

More than a million boys participated in football during the 2012-13 school year, according to the National Federation of State High School Associations. About 1,700 players are on NFL rosters at any given time.

Now imagine becoming a professional football player when you’re legally deaf. The odds are somewhere between unrealistic and impossible.

Fullerton’s Derrick Coleman has done it, and he has become an inspiration for kids who face challenges large and small.

As a member of the Seattle Seahawks with a stirring story, Coleman, 23, has recognized the power of the Super Bowl pulpit. Unlike teammate Marshawn Lynch – hey, to each his own – Coleman understands the value in

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Last year’s housing recovery was boon to luxury home sales, with 5,506 million-dollar-plus home sales recorded in Orange County, up 52 percent from the year before, DataQuick Information Systems reported Thursday.

That’s the highest number of $1 million deals since 2006.

Upper-crust sales ranged from $1 million for a 500-square-foot Balboa Peninsula house to $33 million for a 3,500-square-foot beachfront in north Laguna Beach.

The biggest house sold last year was a 15,002-square-foot residence in Irvine’s Shady Canyon, which sold in May for $8.5 million, figures from Redfin show.

RedfinThe real estate website also reported 23 transactions of $10 million or more. Almost 1,500 of the $1 million sales were for $1.25 million or less.

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In its first meeting this year, the Federal Open Market Committee (FOMC) voted to once again cut back on the Federal Reserve’s bond-buying program.

Starting in February, the Fed will scale its monthly purchases to a combined $65 billion, down $10 billion from January’s pace.

The call to taper the Fed’s purchases was the second in as many FOMC meetings. The vote was unanimous.

In its public statement, the committee maintained a positive view of economic activity, saying indicators point to growth in recent quarters.

“Household spending and business fixed investment advanced more quickly in recent months, while the recovery in the housing sector slowed somewhat,” the statement reads. “Fiscal policy is restraining economic growth, although

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The percentage of student loans classified as delinquent shot up by 13% in 2013, as other types of credit — auto, credit cards and mortgages — continued to see notable payment improvements, data from the Federal Reserve Bank of New York claims.

There’s only one conclusion that can be drawn from this – student loans are the new mortgages. Everyone under a certain age seems to have at least one education debt to pay off. And they are more expensive than ever as this debt sector expands to a tally of $1 trillion-plus in outstanding student loans.

With this expansion, comes fewer Americans who are financially stable or qualified enough to buy new or existing homes. But how troubling is the data, really?

It’s a trend the CFPB already highlighted last year.

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It’s been a quiet week for mortgage rates, which drifted down slightly as markets wait to see what comes of the Federal Open Market Committee’s next meeting in late January.

Freddie Mac released Thursday its latest Primary Mortgage Market Survey, showing the average rate on a year 30-year fixed-rate mortgage (FRM) falling 2 basis points to 4.39 percent (0.7 point). A year ago, the 30-year FRM sat at 3.42 percent.

The 15-year FRM this week averaged 3.44 percent (0.7 point), down from 3.45 percent previously.

Adjustable rates experienced mixed movements: The 5-year Treasury-indexed hybrid adjustable-rate mortgage

(ARM) averaged 3.15 percent (0.5 point) this week, up from 3.10 percent. The 1-year ARM, meanwhile, averaged 2.54 percent (0.5

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New mortgage rules are going into effect Friday that aim to put an end to the worst mortgage lending abuses of the past.

The new rules are designed to take a "back to basics" approach to mortgage lending and lower the risk of defaults and foreclosures among borrowers, according to the Consumer Financial Protection Bureau, which issued the new rules.

The new rules are designed to take a "back to basics" approach to mortgage lending and lower the risk of defaults and foreclosures among borrowers, according to the Consumer Financial Protection Bureau, which issued the new rules.


"No debt traps. No surprises. No runarounds. These are bedrock concepts backed by our new common-sense rules, which take effect today," said CFPB director

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We've all felt the recent unemployment rate over the years of our most recent recession period. Back in 2008 the rate jumped doubled from 5% to 10% in 2009. After gradually making progress back to its original low, the beginning of 2014 showed a rate of 6.7. This might not seem like much of a speedy recovery, but considering how steadily the US is  recovering, we're for sure to be back on track as far as jobs go by the end of this year (if not sooner).

This month 75,000 jobs were created and payrolls are up 3.4% compared to last year, indicating consumers will be able to spend more. This is always good news for the economy. Fewer people looking for jobs and those who have jobs already are making progress. What this means is that the economy can see

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