Mortgage Rates Step Back – Freddie Mac

Mortgage rates remained mostly flat over the past week, which has been the dominant theme since late spring. This stability in borrowing costs comes despite the highest core inflation rates since 2008 and turbulence in the currency markets. Unfortunately, this pause in rates is not leading to increasing home sales. …

Down Payment Assistance for Employees in the Cannabis Industry

Homebuyers using one of our first mortgage loan programs to finance their home purchase are eligible to use CHFA down payment assistance options. Even if you contribute towards a down payment, you may still use one of the options below: ​ Down Payment Assistance Grant * Up to 4 percent …

Portfolio Lenders Suspend Mortgage Financing for Cannabis Owners

The trickledown effect of U.S. Attorney General Jeff Session’s rescission of the Cole Memo continues to frustrate business owners in the cannabis industry. The Cole Memo was brought forward by the Obama administration, the gist of the memo was that the federal government would only focus certain priorities related to …

Canada’s Pot Industry Is Hungry for Real Estate – Bloomberg

Canada’s industrial real estate sector is as hot as it’s ever been and the legalization of recreational pot will only add to the demand.   The country’s eight biggest weed companies will require more than 8 million square feet of space for growing marijuana by 2020, up more than fivefold …

What is private mortgage insurance? – CFCB

Question: What is private mortgage insurance? Answer: Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan. …

In Colorado, Legal Pot Increases Housing Values – Pacific Standard

Homeowners are getting high, and so is the value of their residences. If you want the value of your house to increase, make sure it’s in a neighborhood with desirable features. Good schools. Reliable public transportation.   And, of course, easy access to marijuana.   A new study reports the …

Boehner And Trump And Cannabis, Oh My! Big Changes Coming To Legal Marijuana – Forbes

President Trump has confirmed a deal with Colorado Senator Cory Gardner to let Colorado make its own cannabis legalization decisions in exchange for the Senator not holding up Department of Justice nominations. John Boehner joined the advisory board of a marijuana company, despite being anti-legalization when he was Speaker of …

Are Property Values Affected by Weed Legalization? – High Times

The Green Rush has had an interesting effect on the housing market in legal states. Only a little over a year has passed since the heated 2016 elections. And the memory still hangs heavy like fuzzy smoke in a hot-boxed room. Yet, those monumental elections served Americans heaping helpings of …