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Showing posts with label Government. Show all posts
Showing posts with label Government. Show all posts
Monday, November 17, 2014
Sunday, November 16, 2014
Dallas - Houston High Speed Rail?
Talks of a high-speed railway has been circling the Dallas-Fort Worth area for some time and local officials are now working on more specifics of the plan, slated to be up and running by 2021. A public meeting in Dallas on October 21 gave North Texas home owners a glimpse of what they can expect from the project, including the proposed routes and possible end points for the lines.
According to The Dallas Morning News, the 240-mile project is expected to get residents to-and-from Dallas and Houston in 90 minutes, helping to ease the traffic congestion that is expected to increase substantially by 2021. The public meeting unveiled developer Texas Central Railway’s three potential sites for the end points of the line, including the intersection of Interstates 20 and 45, near Interstate 45 and Loop 12 and near the southwest corner of downtown Dallas. All proposed end points are expected to make getting around the city and North Texas much easier for residents throughout the entire state.One main goal of the project is to tie in downtown’s current public transportation systems to the bullet train to make it easier for both travelers and commuters to get around. This is why one of the most argued stops is Union Station, which serves two Dallas Area Rapid Transit light-rails, an Amtrak line and the TRE passenger train, which connects Dallas and Fort Worth to one another. Some argue that Union Station is at its capacity for transportation, but there is still a lot of discussion set to take place in the next five scheduled meetings set in cities along the potential routes this month.
“We’re not just talking about the bugs and the bunnies and the air quality and the water quality,” James Maughan, an environmental science expect with the U.S. Department of Transportation, told the audience at the meeting. “We’re talking about any aspect of the human environment that might be impacted by this project.”Another main concern would be the impact that the train would have on local ranchers and farmers who have large plots of land between the two major metropolitan areas. Currently there are nine routes being considered for the high-speed railway, two of which stand out among the rest in terms of the least amount of environmental and social impact.
“We believe that high-speed rail is the biggest game changer in transportation since the federal highway system was established,” Dallas City Council member Vonciel Jones Hill said.
Oct 30, 2014 12:13 pm | DFW Real Estate
Talks of a high-speed railway has been circling the Dallas-Fort Worth area for some time and local officials are now working on more specifics of the plan, slated to be up and running by 2021. A public meeting in Dallas on October 21 gave North Texas home owners a glimpse of what they can expect from the project, including the proposed routes and possible end points for the lines.
According to The Dallas Morning News, the 240-mile project is expected to get residents to-and-from Dallas and Houston in 90 minutes, helping to ease the traffic congestion that is expected to increase substantially by 2021. The public meeting unveiled developer Texas Central Railway’s three potential sites for the end points of the line, including the intersection of Interstates 20 and 45, near Interstate 45 and Loop 12 and near the southwest corner of downtown Dallas. All proposed end points are expected to make getting around the city and North Texas much easier for residents throughout the entire state.One main goal of the project is to tie in downtown’s current public transportation systems to the bullet train to make it easier for both travelers and commuters to get around. This is why one of the most argued stops is Union Station, which serves two Dallas Area Rapid Transit light-rails, an Amtrak line and the TRE passenger train, which connects Dallas and Fort Worth to one another. Some argue that Union Station is at its capacity for transportation, but there is still a lot of discussion set to take place in the next five scheduled meetings set in cities along the potential routes this month.
Concerns of the Impact of the High-Speed Train
One major point of discussion is the environmental impact as well as the effect it is going to have on all the local communities it will run through.“We’re not just talking about the bugs and the bunnies and the air quality and the water quality,” James Maughan, an environmental science expect with the U.S. Department of Transportation, told the audience at the meeting. “We’re talking about any aspect of the human environment that might be impacted by this project.”Another main concern would be the impact that the train would have on local ranchers and farmers who have large plots of land between the two major metropolitan areas. Currently there are nine routes being considered for the high-speed railway, two of which stand out among the rest in terms of the least amount of environmental and social impact.
“We believe that high-speed rail is the biggest game changer in transportation since the federal highway system was established,” Dallas City Council member Vonciel Jones Hill said.
Tuesday, July 30, 2013
Consumer Financial Protection Bureau - National Real Estate Post
Watch dog needs watching! CFPB, Consumer Financial Protection Bureau - Our mission is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products. http://www.consumerfinance.gov/the-bureau/
Your thoughts!
Thursday, February 28, 2013
Very Good Question to Ask!
Where did the 1.5 Billion go?
I have been working with buyers wanting to buy short sales or foreclosed homes. Because of working with the buyers we get to know the sellers of these homes.
It is becoming harder and harder to understand the banks and the government. Common sense is not very common.
The money needs to already be in the hands of those that where affected by the Banks. Who is really looking out for them?
Commentary with Frank Garay and Brian Stevens at the National Real Estate Post!
http://www.viddler.com/v/a65f6f84
<iframe id="viddler-a65f6f84" src="//www.viddler.com/embed/a65f6f84/?f=1&offset=0&autoplay=0&secret=85922310&disablebranding=0" width="545" height="349" frameborder="0" mozallowfullscreen="true" webkitallowfullscreen="true"></iframe>
I have been working with buyers wanting to buy short sales or foreclosed homes. Because of working with the buyers we get to know the sellers of these homes.
It is becoming harder and harder to understand the banks and the government. Common sense is not very common.
The money needs to already be in the hands of those that where affected by the Banks. Who is really looking out for them?
Commentary with Frank Garay and Brian Stevens at the National Real Estate Post!
http://www.viddler.com/v/a65f6f84
<iframe id="viddler-a65f6f84" src="//www.viddler.com/embed/a65f6f84/?f=1&offset=0&autoplay=0&secret=85922310&disablebranding=0" width="545" height="349" frameborder="0" mozallowfullscreen="true" webkitallowfullscreen="true"></iframe>
Saturday, July 16, 2011
New Forbearance Program
Unemployed FHA Borrowers Granted 12 Months Forbearance
The Obama administration recently announced that loan servicers who are collecting payments on FHA loans will be required to allow qualified borrowers who lose their jobs to miss up to 12 months of mortgage payments before initiating foreclosure proceedings against them. See the press release here.
The new forbearance program allows unemployed borrowers to stay in their homes while seeking new employment.
Currently, the FHA’s policy is four months of required unemployment forbearance. Housing Secretary Shaun Donovan claimed the current time period is “inadequate for the majority of unemployed borrowers.”
Donovan also stated, "Today, 60 percent of the unemployed have been out of work for more than three months and 45 percent have been out of work for more than six. Providing the option for a year of forbearance will give struggling homeowners a substantially greater chance of finding employment before they lose their home."
Not all borrowers will qualify for the new forbearance program, but the Obama administration said it is removing the “upfront hurdles” for qualification. Servicers are required to provide any borrowers who are denied forbearance with the reason for denial and allow the borrower at least seven days to submit additional information that may impact the evaluation.
All FHA-approved servicers must participate in the new forbearance program.
The administration said it hopes that the changes will "set a standard for the mortgage industry to provide more robust assistance to unemployed homeowners in the economic downturn."
The Obama administration recently announced that loan servicers who are collecting payments on FHA loans will be required to allow qualified borrowers who lose their jobs to miss up to 12 months of mortgage payments before initiating foreclosure proceedings against them. See the press release here.
The new forbearance program allows unemployed borrowers to stay in their homes while seeking new employment.
Currently, the FHA’s policy is four months of required unemployment forbearance. Housing Secretary Shaun Donovan claimed the current time period is “inadequate for the majority of unemployed borrowers.”
Donovan also stated, "Today, 60 percent of the unemployed have been out of work for more than three months and 45 percent have been out of work for more than six. Providing the option for a year of forbearance will give struggling homeowners a substantially greater chance of finding employment before they lose their home."
Not all borrowers will qualify for the new forbearance program, but the Obama administration said it is removing the “upfront hurdles” for qualification. Servicers are required to provide any borrowers who are denied forbearance with the reason for denial and allow the borrower at least seven days to submit additional information that may impact the evaluation.
All FHA-approved servicers must participate in the new forbearance program.
The administration said it hopes that the changes will "set a standard for the mortgage industry to provide more robust assistance to unemployed homeowners in the economic downturn."
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