Search

DC area trails national average for equity-rich homeowners 08/08/2022 09:01am • Home values have risen for 124 consecutive months — more than 10 years — and the gains have accelerated in recent years. That, and keeping up with monthly mortgage payments, has put a lot of wealth on paper for homeowners. A record 48.1% of homeowners with a mortgage nationwide were equity-ri A London museum will return its stolen Benin bronzes to Nigeria 08/07/2022 02:56pm • A London museum has agreed to return 72 objects looted from Benin City in 1897 to the Nigerian government. The Horniman Museum and Gardens, located in south London, announced the transfer in a news release Sunday. All of the objects were taken from the Kingdom of Benin, in what is now the capital How the climate bill could save you money on electricity, cars and appliances 08/06/2022 05:59am • Democrats' new party-line tax and clean energy bill is a big deal for climate and energy savings. With nearly $370 billion for energy programs and tax incentives, it represents the largest climate investment in US history. In addition to the US emissions reductions these will bring, there's a lot Using your home's value to protect your retirement fund 08/05/2022 05:45am • A reverse mortgage is a product that was once considered a "loan of last resort," but is now one of the most-developed loans in the mortgage industry that borrowers can even use as a hedge against inflation. Reverse mortgages allow qualified homeowners to tap into their home's equity while retain Former principal of DC Catholic school gets 2 1/2 years for embezzling 08/03/2022 09:38pm • A former principal at a Catholic school in D.C. was sentenced to 30 months in prison for stealing at least $175,000 meant for school-related services and activities. Bridget Coates, 49, of Virginia, pleaded guilty to a charge of wire fraud last April and was sentenced Wednesday. She was the pr Educators meet on goals for improving education of Black boys in Maryland schools 08/02/2022 10:12pm • Black boys are at the top of suspension and expulsion rates and at the bottom of test scores, a Maryland educator said during a summit aimed at improving the experiences and outcomes of Black male students at the state's public schools. Dr. Vermelle Greene is a member of the state board of educat Part of Air and Space Museum to open in October 08/02/2022 11:33am • The Smithsonian’s National Air and Space Museum will reopen the west end of its D.C. building on Friday, Oct. 14 with both new and renovated exhibitions. The museum closed at the end of March for a continuation of extensive renovations. The east end of the museum will open in 2025. How many credit cards should I have? Experts share their tips 08/01/2022 03:53pm • This content is sponsored by PenFed Credit Union, federally insured by NCUA. There are so many different credit card options – so how many should you have in your wallet? And what are the benefits of having multiple credit cards? The average American has 3.06 credit cards, according to Walle What would bring down mortgage rates? A recession 08/01/2022 09:46am • In the D.C. region, the maximum conventional mortgage limit (one that Fannie Mae or Freddie Mac will purchase) is currently $970,800. At today's rates, that is a payment of about $6,100 a month on a 30-year mortgage, or $1,400 a month more that it would've been a year ago. While most borrowers ar Baltimore man sentenced for role in fraud schemes totaling over $1.2 million 07/31/2022 02:49pm • A Baltimore man who admitted taking part in schemes to defraud over $1.2 million through identity theft and fraudulent business loan applications has been sentenced to over five years in prison. While on probation for previous fraud schemes, the defendant committed additional fraud and identify t How to finance a fixer-upper home 07/28/2022 08:00pm • As home prices and interest rates continue to rise, many of today's homebuyers are struggling to keep their monthly mortgage payments affordable. But for those who are willing to buy a lower-priced home that needs a little TLC, there's a glimmer of hope: New listings advertised as fixer-upper homes Great Falls' Trustar Bank raises $18 million for expansion 07/22/2022 10:23am • Great Falls, Virginia-based Trustar Bank, founded by a local banking veteran in 2019, has raised $18 million from investors to fund its continued expansion. Trustar said the capital commitment from investors was raised in less than one month, and exceeded its initial goal, the second oversubscrib More home sales in the DC area are falling through 07/18/2022 09:44am • Nationwide, the share of home sales that fell through accounted for 15% of all transactions, the highest percentage since March and April 2020, at the beginning of the pandemic. There has been a similar increase in contracted sales that don't close in the D.C. metro. More Business News Md. Politics: poll shows Blair closing in on Elrich, Perez campaign unionizes 07/16/2022 09:21pm • This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today.  Four years ago, Marc Elrich and David Blair finished 77 votes apart in the race for Montgomery County executive. A poll released on F Tips to help avoid falling victim to persistent robocall scammers 07/14/2022 06:57pm • Robocalls and con jobs are on the rise, and even smart people are falling for the scams. A D.C.- based consumers' group has advice for how to be just a little more cautious and less vulnerable. "You really do have to be on guard … it's just a game of whack-a-mole for the regulators to prevent t