Time to demolish Help to Buy scheme

Are you a teacher on a salary of €45,000? Or a mechanic on €35,000? Or a hairdresser and a lab assistant on joint income of €70,000? While Help to Buy might look appealing, with its offer of a 5 per cent taxback on your deposit, it’s not going to actually help you buy your first home.

Introduced in December 2016, Help to Buy promised to help to get putative home buyers out of the exorbitant rental market and on to the property ladder but it has really only delivered to a certain cohort: those on incomes (combined or otherwise) […] Read more

Equifax Inc. (EFX) 61.10% up from its 52 week low: Here Are All the Deets

The Equifax Inc. (NYSE:EFX) is going down by -0.79% in today’s trading session, a fall equivalent to -1.14% of the stock’s price from yesterday’s market close. A news came out on 08/15/19 stating that Equifax Data-Driven Marketing Digital Customer Insights Now Available Through the Eyeota Audience Marketplace by WSJ. The lowest point that the shares touched during the trading session was $143.89, while the peak of the day was recorded at a share price of $145.5599. EFX finished the previous session at $144.00 according to the data provided by Barchart, while the trading volume was observed to be $796,422.

In […] Read more

Capital One Turns to Equifax Counsel in Data Breach Lawsuits

David Balser of King & Spalding.

Capital One has turned to King & Spalding’s David Balser to represent the financial institution in nearly 40 class actions brought over a data breach announced last month.

Balser, a partner in Atlanta, is a prominent expert in cybersecurity: He represented Equifax Inc. in 250 lawsuits and government regulatory actions brought over a 2017 breach that settled last month for $1.4 billion. The suits against Capital One, brought in federal courts in nine states and the District of Columbia, allege the financial institution failed to secure its customer data. The breach […] Read more

David Grin on Ireland’s housing crisis and a stabilisation in home price growth

Ireland has experienced a housing crisis that has threatened to upend the economic progress the country has made in the last decade.

The current housing crisis could have lasting effects on the economy and social fabric of the country.

Developers, consumers and government officials were given a sliver of hope recently when the Central Statistics Office released findings that revealed housing prices may be stabilising across Ireland. David Grin, chairman of Dublin-based property financing and investment management firm Lotus Investment Group, explained that “property price stability is better for both the developer and the consumer.”

Ireland in the Grips of a Housing Crisis

For […] Read more

Make the most of eagerness to lend

The interest rate cut has made housing loans cheaper; the banks are competing aggressively for home loan business and there is every reason for buyers to get into the property market, says Samuel Seeff, chairman of the Seeff Property Group.

It is easier to find a willing bank provided you qualify for a mortgage loan and the process is fairly straightforward. You’ll need a clear credit record and positive credit score, provide proof of income and FICA verification of your identity and address. If self-employed, the process is a little more involved and you will need additional documentation.

. […] Read more

Low-, moderate-income people get help with down payments on new homes

Lee Ann MacDonald remembers how “surreal” it felt the very first time she walked through the front door of her new home in Medford last year.

MacDonald, 37, a Suffolk County police officer and single mother of two, had spent the past several years cramped in a tiny two-bedroom apartment in Ridgewood, Queens, where her daily routine was interrupted by the roar of the passing railroad.

The dream of owning her own home, where she could put a playground in the backyard for her four-month-old daughter Kaiyah, seemed next to impossible.

But MacDonald’s aspiration of homeownership received a helping hand through the Suffolk County HOME Consortium […] Read more

Pilot project aimed to help low income workers attain home ownership

A pilot project is being launched to help members of the working poor attain home ownership.

Sault Ste. Marie’s District Social Services is providing one-time Investing In Change funding of $299,000 and partnering with the local housing corporation, Ontario Works Construction Employment Program and the City of Sault Ste. Marie to help low income earners buy their own home.

It’s a project that has been top of mind for Ward 2 Coun. Luke Dufour since he began campaigning in 2016 and he has worked at developing the project for almost a year.

Social services has created a model that addresses issues and barriers […] Read more

Florida state attorney warns of Equifax data breach scams


Florida’s Attorney General Ashley Moody this week is issuing a Consumer Alert about scams targeting victims of the Equifax data breach the largest credit-reporting data breach ever affecting more than half of the adults in the country.

Moody said, following a multistate investigation, “my office entered into an historic 600-million-dollar settlement over failed security measures that exposed the personal information of millions. Our settlement requires Equifax to pay victims through a claims process.”

A website is in place to expedite claims but already are already trying exploit the process.

LINK: Official website for filing an Equifax data breach settlement claim

The state attorney’s office […] Read more

Elevated immigration trends fuel GTA rental market

A strong GTA rental market fuelled by favourable demographics lifted transaction velocity 8 per cent over the four quar­ters ending at mid-year 2019, according to a new report from Marcus & Millichap Real Estate Investment Services.

Citing widespread buyer activity and elevated interest in the areas of Etobicoke, York and Scarborough, the new report signals that only more good things are in the forecast for the back half of 2019.

“Due to the continued increase in home ownership values and the fact the market has priced out a lot of otherwise able purchasers, people have looked to renting as a necessity,” says Mark […] Read more