Manhattan Beach Home For Sale

Looking for an amazing Southern California dream home 🏠 just minutes from the beach 🌊? Then look no further because today from 12-3pm I’m showing this contemporary style 4 Bed, 3 Bath, 2,383 sqft Manhattan Beach home that just hit the market for $1,999,000🔑🙂 Please contact me 📞now or stop by my open house today from 12-3pm! 🥂

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Wells Fargo facing $1 billion fine for mortgage and auto insurance issues

Bank confirms it is facing a fine from CFPB and OCC Wells Fargo is indeed facing a fine of $1 billion from a pair of federal agencies over mortgage lending and auto insurance abuses. Earlier this week, reports emerged that the Consumer Financial Protection Bureau was seeking a “record fine” against Wells Fargo for mortgage and auto insurance issues. A Reuters report suggested that CFPB Acting Director Mick Mulvaney was considering a fine of as much as $1 billion for the issues.A potential fine of that magnitude seemed out of the ordinary for the CFPB under Mulvaney, considering Mulvaney’s softer approach to financial regulation compared to his predecessor, Richard Cordray. Just this week, a different report showed that the CFPB has not initiated any enforcement actions since Mulvaney took over back…

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Millennials will spend 45% of income on rent before age 30!

Most rent burdened generation March 26, 2018 Kelsey Ramírez 1 Comment KEYWORDS HOMEOWNERSHIP INCOME MILLENIALS RENTCAFE RENTING As rent prices continue to rise, a new study shows Millennials are paying about 45% of their total income toward rent, and pay out close to $100,000 toward rent before they turn 30. Analyzing U.S. Census Bureau data going back as far as 1974, a new study from RentCafé found that Millennials have been the hardest generation for those ages 22 to 30. And the future does not look bright for Generation Z. As it turns out, Millennials pay about $92,600 in rent by the time they turn 30. While they may earn more in income compared to previous generations, they also have…

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Fed Raises Rates and Signals Faster Path Next Year

By Nick Timiraos Updated March 21, 2018 2:06 p.m. ET WASHINGTON—The Federal Reserve said it would raise short-term interest rates a quarter-percentage point and signaled it could lift them at a slightly more aggressive pace in coming years to keep the strengthening economy on an even keel. Fed officials said they would increase their benchmark federal-funds rate to a range between 1.5% and 1.75% and penciled in a total of three rate increases for this year.

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The Home Buyer’s Guide to Getting Mortgage Ready

Don’t wait until you’re ready to move to start preparing financially to buy a home. If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage. The requirements to secure a mortgage may seem overwhelming, especially if you’re a first-time buyer. But we’ve outlined three simple steps to get you started on your path to homeownership. Even if you’re a current homeowner, it’s a good idea to prepare in advance so you don’t encounter any surprises along the way. Lending requirements have become more rigorous in recent years, and changes to…

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Finally Senate passes rollback of Dodd-Frank banking rules

Late Wednesday, the Senate passed S. 2155, or the Economic Growth, Regulatory Relief and Consumer Protection Act, by a vote of 67-31. Now that it has passed, the bill returns to the House to for approval. The bill contains policies rolling back certain key parts from the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill would allow some smaller and mid-sized banks to omit their cash balances held at the Federal Reserve and other central banks when calculating their supplementary leverage ratio, or what determines how much capital they need to hold. The Senate spent the first part of this week working through the bill sorting through the more than 100 proposed amendments. While the final vote was originally expected last week,…

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