Find Financial News Online

     One of the most common areas for a Home Inspector to discover water problems is in the flooring and sub-floors, especially in bathrooms around toilets, tubs, and showers.  Water can infitrate into areas where the caulking has been compromised or is missing.  In addition, wax sealant rings on toilets can lose their seal, which allows water to seep under the floor covering.  Sometimes, this is obvious by a discoloration in the vinyl, linoleum, and grout lines in ceramic tile floors.  However, often the leaks will go undiscovered.  If undetected, over time leaks will affect the wood structure of the floor, possibly leading to decay and eventual failure.  As a general contractor for forty-plus years and now as a Bellingham, Wa. Home Insp

Full Article…

Consumers that have taken out mortgages that are guaranteed by the Federal Housing Administration may soon see an increase in their monthly fees.

In an effort to stabilize the FHA’s finances, which have been slowly withering in light of the nationwide foreclosure crisis, the House approved a bill that would allow the Administration to raise monthly premiums, the AP reported. Many of the mortgages backed by the FHA are for first-time homebuyers.

Though the House voted overwhelmingly, 406-4, to approve the bill, it was unclear whether the Senate would follow suit, the AP report said.

The FHA does not make loans, but rather offers insurance against defaults, and borrowers pay extra fees because these loans only require a down payment of 3.5 percent of the purchase price. Full Article…

Brent Hunsberger, The Oregonian
Follow Share this story Story tools
Groove Nation went live today. Full Article…

CAPUA, Italy, June 9 /PRNewswire/ — DSM BioSolutions today announced that it has entered into an agreement with Novacta Biosystems Limited, Welwyn Garden City, UK, for the process development and cGMP production of its C. difficile molecule, a new class of lantibiotic compounds.

DSM has successfully completed the process development and commenced cGMP-manufacturing of the Novacta compound at its microbial fermentation biotech facility located in Capua, Italy.  The product will initially be used for pre-clinical and phase I clinical trials.

Full Article…

The transition from an REO bank owned real estate market to a short sale market in Greater Phoenix is of great benefit to individuals, neighborhoods and seemingly the lenders.  

From 2009 to 2010 there’s been a market transition from lender owned properties to short sales, but bank owned homes are still a large part of the market.  None the less the change is quite clear.   Of the properties that are active 40% in mid 2010 are short sales while it was 30% in 2009 and 14% are REO’s which is about the same as 2009. 

Where the greater difference is seen is with actual sold properties.  In

Full Article…