Search

Contrary to reports, student loan forgiveness in Va. won't cause tax hikes 08/30/2022 01:00pm • Contrary to national news reports, Virginia is not among the states that will treat forgiven student debt as income, according to the Virginia Department of Taxation. Department spokeswoman Heather Cooper said in a statement to WTOP that student loans that are forgiven "would not be taxable on th Identity theft cases up nearly 200% in Maryland and Virginia 08/27/2022 10:38pm • Identity theft is on the rise, with Maryland and Virginia residents being heavily targeted by scammers, according to the CEO of an identity validation company. “I would say if it sounds too good to be true, it probably is,” said Bryan Lewis, CEO of Intellicheck, a company providing identity v 'This will change everything for me': Americans react to Biden's plan to forgive up to $20k in student loan debt 08/27/2022 04:04am • Americans across the country are sharing their mixed reactions to President Joe Biden's decision to forgive up to $20,000 in student loan debt for millions of borrowers. Biden announced Wednesday that borrowers who hold loans with the Department of Education and make less than $125,000 annually a Burke & Herbert Bank opens first Maryland location 08/26/2022 10:10am • Alexandria-based Burke & Herbert Bank has opened a commercial lending office in Bethesda, its first presence in Maryland in its 170-year history. The branch, at 7272 Wisconsin Ave., is part of Carr Properties' three-tower office development, where D.C.'s Fox 5 recently relocated to. Deadline looms to apply for Maryland student loan debt relief tax credit 08/23/2022 09:25pm • Marylanders paying off their student loans still have time to apply for debt relief to help lessen the amount they still owe. The deadline for the state's Student Loan Debt Relief Tax Credit Program for Tax Year 2022 is Sept. 15. "Going to college may seem out of reach for many Marylanders giv DC will offer up to $202,000 to some families looking to buy a home 08/22/2022 02:55pm • The District has announced that it is increasing the financial assistance it offers low- and moderate-income residents who want to buy a home. In October, the Home Purchase Assistance Program will go from offering eligible families up to $80,000 to offering up to $202,000. “Homeownership is Car Review: 2023 Acura Integra -- iconic nameplate returns 08/22/2022 05:44am • By: Brian Armstead, WTOP Special Contributor With the 2023 Integra, Acura reprises an iconic nameplate. Before it was renamed RSX, Integra was built across five popular generations, starting with Gen One in 1986. Will we also see a return of other popular names from the past like Legend? During a ch Student loan announcement to come in 'next week or so,' Education secretary says ahead of deadline 08/21/2022 01:54pm • US Education Secretary Miguel Cardona said Sunday that Americans can expect a decision from the Biden administration on student loans in the "next week or so" as a pause on federal student loan payments is set to expire on August 31. With some 10 days to go, Americans have been left guessing whet Crypto has been touted as key to building Black wealth, but critics are skeptical 08/20/2022 04:04am • Samson Williams was working in the mortgage lending industry in 2014 when a colleague convinced him to invest in cryptocurrency. At the time, Williams didn't know much about cryptocurrency but decided to invest a little more than $200 to see where it would get him. "No one knew what it was," W Former EagleBank CEO banned from banking industry over insider lending 08/17/2022 10:19am • Bethesda, Maryland-based Eagle Bancorp and its former CEO will pay a total of nearly $23 million in fines after settling Securities and Exchange Commission and Federal Reserve Board charges of violating insider lending regulations. Former EagleBank Chief Executive Ronald D. Paul has also been bar Record Virginia Lottery prizes, but millions went unclaimed 08/16/2022 02:10pm • The Virginia Lottery set several records in the just-ended 2022 fiscal year, including highest-ever sales, prizes and profits. It also reports more than $17.1 million in winning prizes went unclaimed in fiscal 2022. More Business News More Virginia News By law, unclaimed pr Hogan announces increased student loan, home buying help in SmartBuy Initiative 08/16/2022 05:39am • Gov. Larry Hogan, building on the SmartBuy Initiative for Maryland homebuyers, announced increases to student debt relief and home loan options for residents purchasing homes in the state. The expanded funds will allow up to $50,000 in student loan debt elimination and additional down payment and Mortgage lending standards tightest in 9 years 08/15/2022 08:52am • Mortgage credit availability has been dropping, an indication of tighter lending standards by lenders, but that doesn't necessarily mean it is getting harder to get a mortgage. The Mortgage Bankers Association reports its monthly Mortgage Credit Availability Index posted its biggest one-month dr Volatile swings in mortgage rates continue 08/11/2022 11:00am • After the average rate on a 30-year mortgage fell below 5% for the first time in four months last week, rates jumped sharply this week. Freddie Mac says a 30-year fix now averages 5.22%. Since the beginning of this year, the average rate on a 30-year fix has ranged from 3.22% to 5.78%. 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