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EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
The UK government has recently added a new tax rule which would avoid offsetting of mortgage interest costs against rental profits prior to tax calculation by landlords, Express reports. Pharma Company That Fired Martin Shkreli Gets Delisted by Nasdaq; Pharma Bro's Twitter Got Hacked
Apparently though, Martin Shkreli's twitter account was hacked, in December 21, 2015, "I was hacked--I now have control of this account." He was glad to be home after being released from jail, he even thanked his supporters online. Party Like a Tech Star; Find Out How Facebook, Google, and other Tech Companies Celebrated Holidays
People from the tech industry sure knows how to party. You don't have to be a tech CEO in order to have some fun for the holidays during December. Hotel Tax Revenue Down After A Long Time, Airbnb To Blame?
New York City's hotel tax revenue is expected to go down since 2009 and Airbnb is said to be blamed. Mini Cooper Recalls: BMW Fined $40 Million
According to a post by the National Highway Traffic Safety Administration, BMW has been fined $40 million for a recall of the late-model Mini Cooper vehicles. The New 2016 Chevrolet Camaro SS Features and Highlights: Outmuscles the Corvette During a Dyno Test
The Corvette Stingray has 460 horsepower and the Camaro SS has 455 horsepower, which is based on manufacturer ratings. On Hennessey’s Dyno, it shows the 2016 Chevrolet Camaro SS making 431 horsepower at the wheels. Takata Airbag Recall Update: Details Including List of Affected Vehicles
There are nearly two dozen brands of vehicles in the U.S. that are involved in the massive airbag recall. The defective airbag comes from Japanese supplier, Takata. Mortgage Trends, Update, Readings: Home Builder Confidence Decreased By A Point, Housing Starts Increased, Mortgage Rates Increased
According to reliable reports, home builder confidence slipped by a point compared to its expected reading and November reading. The current home builder confidence reading is 61. Despite the slip, it is worth noting than readings above 50 means that more builders are confident about the housing market conditions, and December's reading is still higher than the average reading of the year which is 59. Mortgage Term 'Escrow Deposit': What It Means And Where It Applies
Escrow is one word that you'll probably encounter many times during your home buying process. Several escrow types will come up during this time and you may get confused as to where your money will be placed if you use an escrow account. Here is a very quick summary of how escrow works and how it is applied to your home purchase transaction. Real Estate News: Commercial Real Estate and Economic Development (CREED) Act Passed in the Congress, Reinstates 504 Debt-Refinancing Program
The National Association of Development Companies (NADCO) has announced that the Commercial Real Estate and Economic Development (CREED) Act has been passed in the congress and will permanently reinstate the debt-financing element in the 504 loan program of the Small Business Association.
