By Mike Colpitts Nervousness and uncertainty send jitters through the community of Titusville, the Florida home to the U.S. Space Shuttle program for more than 30 years. Ronald Reagan was president of the United States when this community led the venture into outer space. But the hub for space science exploration is ending its presence… Continue reading Space Shuttle End May Kill Town
Category: News
Time to Reinstate Glass Steagall
By Jeffrey Steinberg, Rep. Marcy Kaptur (D-Ohio), with the backing of Reps. Walter Jones (R-NC) and Jim Moran (D-VA), has introduced a bill in the House of Representatives (H.R.1489) “Return to Prudent Banking Act of 2011,” which would reinstate the original 1933 Glass Steagall Act, that broke up the Depression-era “too big to fail” banks,… Continue reading Time to Reinstate Glass Steagall
Feds Launch Wipe Out Radon Gas Program
Almost 1 in 15 U.S. homes is infected with radon gas, one of the leading causes of lung cancer, according to the Environmental Protection Agency, which just launched a major program with eight other federal agencies to encourage homeowners to have their homes inspected for the silent killer. Radon gas exposure is the leading cause… Continue reading Feds Launch Wipe Out Radon Gas Program
Stocks Plunge on Housing News
By Mike Colpitts Following disappointing news about the housing market, the Dow Jones Industrial average plunged 279.65 points Wednesday on the New York Stock Exchange on the first day of June, demonstrating investors’ worries over the stock market and the greater U.S. economy entering the customary busy summer housing season. The drop in the highly… Continue reading Stocks Plunge on Housing News
America’s Watchdog to Rescue Disaster Victims
By Mike Colpitts An organization that gained national fame for helping homeowners and businesses in natural disasters, including Hurricane Katrina is offering free aid to homeowners and businesses that suffered property damage or were destroyed in the series of tornadoes that tore through the south-eastern corridor of the U.S. America’s Watchdog is coming to the… Continue reading America’s Watchdog to Rescue Disaster Victims
States Outlaw Extra Home Sale Charges
By Kevin Chiu Washington State became the twenty-fifth state in the country to outlaw extra home sale charges to the new owners of homes for 99 years. The action means that half of all U.S. states have now outlawed private transfer fees by adopting new state laws prohibiting their collection. But a federal effort to… Continue reading States Outlaw Extra Home Sale Charges
Mortgage Proposals Set Back Homeownership
By Lois A. Vitt, Ph.D. New mortgage finance rules in the planning stages by the federal government will set homeownership back nearly forty years, and down a track that many Americans won’t understand. The efforts are intended to set-up a framework for permanent down payment minimums of 20%, higher interest rates and mandatory income ratios… Continue reading Mortgage Proposals Set Back Homeownership
Flood Insurance Reform to Raise Rates
By Mike Colpitts Legislation being debated to reform homeowners federal flood insurance would renew the program for five years, and is likely to raise the rates on insurance premiums to over come the $18.3-billion deficit facing the National Flood Insurance Program largely due to damages paid as a result of hurricanes in 2004 and 2005.… Continue reading Flood Insurance Reform to Raise Rates
Baby Boomers Celebrate 65 by Moving Homes
By Mike Colpitts The first baby boomers hit 65-years-old this year, but they wont be living like their parents as they enter senior–hood in a whole new way defying the odds, and living longer moving homes more than most could have imagined. A combination of better diets, exercise and medical science is driving the expectation… Continue reading Baby Boomers Celebrate 65 by Moving Homes
4-Million Receive Housing Assistance
By Kevin Chiu More than 750,000 homeowners received assistance through a Housing and Urban Development program funded by the American Recovery and Reinvestment Act (TARP) to prevent them from becoming homeless, according to HUD. The figure brings to more than 4-million families who have been helped through government programs and private bank initiatives to remain… Continue reading 4-Million Receive Housing Assistance