Monthly Archives: June 2010

Senate Passes Homebuyer Tax Credit Extension

June 30th, 2010

The Senate passed the homebuyer tax credit extension today, allowing those who were under contract by April 30, 2010 to move past the original deadline of today, June 30, 2010 to settle by September 30, 2010. NASDAQ reported this wonderful news a short time ago. The House voted in favor of the homebuyer tax credit [...]

House Votes to Extend Tax Credit Three Months Now in Senate Hands

June 29th, 2010

In a last effort push, the House voted to extend the tax credit three months and the decision to be put into law is now in Senate hands. The House voted 409-5 in favor of bill H.R. 5623. This would be a welcome relief for the estimated 180,000 homebuyers who would lose out on the [...]

Up to 180,000 Homebuyers May Lose Tax Credit if Not Extended

June 29th, 2010

Up to 180,000 homebuyers may lose the tax credit if the deadline is not extended past June 30, 2010 -- and not by any fault of those buyers. NAR reports that in Maryland, that number is around 2,630 homebuyers. This is due to waiting on short sales, foreclosures, or lender delays, none of which these [...]

98 Maryland High Schools Rank in Newsweek Survey

June 28th, 2010

98 Maryland High Schools ranked in a Newsweek survey out of 27,000 high schools across the country. Only 6% of all high schools (about 1,600) make the list. Baltimore County Public Schools had 12 schools on there! The Baltimore Sun reported on the list, stating the Baltimore County Schools that made it and their ranking: [...]

Johns Hopkins Hospital Job Openings

June 27th, 2010

Johns Hopkins Hospital has 400 job openings on its main campus. The main campus is located on Broadway past Fells Point and Canton in Downtown Baltimore. The chief operating officer, Judy Reitz, states that this does not include openings some of its' other campuses. They are also building new patient towers to be opening in [...]

Tax Credit Not Extended

June 25th, 2010

The tax credit extension bill did not pass in the Senate today. Those qualifying buyers who wish to receive the credit MUST close by next Wednesday, June 30, 2010.

Most Foreclosures Not Underwater

June 24th, 2010

A recent study by RealtyTrac finds that most foreclosures are not underwater. Less than 50% of foreclosed properties are underwater, which is an interesting statistic in this real estate market with many short sales and homes' values being less than the price people paid for them. A major component that RealtyTrac found to be behind [...]

75% of HAMP Loan Modifications will Redefault

June 23rd, 2010

A new report by Fitch Ratings states that 75% of HAMP loan modifications will redefault in the future. The issue is that the HAMP (Home Affordability Modification Program) loan modifications do not address the other debt that the borrowers have, therefore still having issues, despite their mortgage amounts and payments being reduced. CNNMoney.com shared this [...]

Lenders Using Facebook and Twitter for Borrower Information

June 22nd, 2010

Lenders are using Facebook and Twitter, plus other social media sites, to find borrower information to decide on whether they will provide them with funding. It doesn't appear to be happening widely in the home mortgage world yet, and lenders must be very careful not to violate the Fair Credit Reporting Act. As the Huffington [...]

Hunt Valley Farmers Market, Koopers Wagon and IcedGems Cupcakes

June 21st, 2010

Hunt Valley Farmers Market has opened and Kooper's Wagon and IcedGems Cupcakes truck were there to celebrate. A few of my online friends planned a "tweetup" to enjoy some burgers and sweet treats! It was a hot day so we sat in the shade. The kids ran around and had fun! This day was a [...]