Comprehensive National Daily Headline News for Wednesday, January 8th 2025:

Latest National News on Wednesday, January 8, 2025:

Severe Winter Weather Sweeps the U.S.

A significant winter storm has hit the central, southern, and eastern United States, leaving dangerous travel conditions and widespread disruptions. Over 600 drivers were trapped in Missouri, while there were many road accidents in Virginia, Indiana, Kansas, North Carolina, and Kentucky. Richmond City in Virginia issued advice to its residents to boil water due to power outages that occurred as a result of the weather changes. Washington, D.C., and Chicago have experienced huge flight cancellations and delays. The severe weather has also forced President Biden to change his travel plans, and he is monitoring the situation closely.

Exceptionally Low Temperatures Brought on by the Arctic Blast

January may be the coldest since 2014, with Meteorologists warning that a polar vortex will bring freezing temperatures throughout eastern America next month. This comes after an unseasonably warm end of last year. Some places are expected to experience extremely low temperatures, about 30 degrees below average.

Southern California Wildfires

Several wildfires have started in Southern California areas, such as the Palisades, Eaton, and Hurst Mountains fires. The fires force people away from their homes while strong winds push them further into inhabited areas. Dust and smoke have compelled authorities to declare a state of emergency and to issue air quality warnings to congenital disabilities caused by dust inhalation or simply because smoke happened recently; these cases usually involve multiple plaintiffs who seek damages based on theories such as negligence or product liability for health problems allegedly arising from exposure during pregnancy when they lived near certain facilities like chemical plants which emitted potentially harmful chemicals into air vents leading directly into homes where pregnant women slept every night until months 9.

FUNERAL OF FORMER PRESIDENT JIMMY CARTER PLANNED

The state funeral for former President Jimmy Carter is scheduled for January 9 at the Washington National Cathedral in Washington, D.C. The 39th president of the United States, Carter, died recently and is lying in state at the U.S. Capitol.

THE WASHINGTON COMMANDERS MAKE ROSTER MOVES AS THEY GEAR UP FOR THEIR PLAYOFF MATCH

Before their Wild Card game against the Tampa Bay Buccaneers, the Washington Commanders decided to release tackle Max Pircher and sign defensive tackle Haggai Ndubuisi. The team is preparing for this match with significant updates that show it has taken into account individual performances by players and strategic considerations.

Electric car blog that is very informative. https://www.politico.com/news/2023/12/22/electric-vehicle-boom-demise-00133064

politico.com

Why the battle over electric cars is primed to take off

“In my district, … this is not playing well,” GOP Rep. Lisa McClain said. “And let’s be honest, Michigan is a very influential state for the upcoming election.”

Do any of you have any idea or heard anything about where Mortgage Rates are headed or anticipate any form of correction?

I was on a call, not sure which one where Dianne was talking about assignments. Commented, stating some lenders allow assignments, and buyers can close a loan with assignments. Did I hear it right? Like years ago, before Obama, my husband was flipping.

He helped a friend out, and we did some work. The buyer did a conventional loan. I did not do the loan. We did back-to-back closings,

Assignments have really gone crazy here. So, the state made some new rules because of it.

I personally think one was getting taken advantage of.

So I am asking that the form you provided us from Utah is awesome.

Can one do an assignment on a standard conventional loan? If so, I figured it would be just a few investors. How do I find them?

I am seeing opportunities with our new products. Where I may get a chance to get a foot in the door. My old-school investors, are now running investment groups and doing classes and things with them. A few of them are on a national level.

I will talk to you later about that and a few other things.

I am terrible at email.

What is the Truth in Lending in Mortgages. What was the truth in lending created for. What is the true purpose of the Truth in Lending Law? What is the background of TILA? What is the purpose of the Truth in Lending Act as implemented by regulation Z?

What is title when you buy or refinance a house? How does the title process work? What prevents title from being transfered.

To protect from title issues when purchasing property, buyers should purchase title insurance, hire a real estate agent, and conduct a home inspection. What prevents the title claims against title. What constitutes defect in title.

There are many fake doctors that are celebrities. These so called celebrities use Dr. How many fake doctors are there. Is Dr. Jill Biden and Dr. Phil real doctors or fake doctors?

Manufactured homes are often better built and more functional than stick-built, ground-up, new construction-spec homes. In general, the cost of land and the acquisition of manufactured homes cost a fraction of the price of stick-built, ground-up new construction homes. You cannot tell its a manufactured home often times. Another great benefit of buying a manufactured home versus a ground-up construction stick-build home is that it takes less than half the time to build a manufactured home versus a ground-up new construction home. Buying a manufactured home and buying a ground-up, new construction-spec home are two different options with their own advantages and disadvantages. Here’s a comparison to help you understand the differences:

Comparing the Cost of Construction of Manufactured Homes versus Ground-Up New Construction Spec-Homes

Manufactured Homes: Manufactured homes are typically more affordable than ground-up new construction homes. They are constructed in a factory and then transported to the site, which can lead to cost savings.

Ground-Up New Construction Spec Home: These homes are typically more expensive because they are built from scratch on the property, and you may have more customization options.

Customization

Manufactured Home: While you can make some customizations to manufactured homes, your options are usually more limited compared to ground-up construction. You may have choices in interior finishes and layouts, but major structural changes can be challenging. Ground-Up New Construction Spec Home: You have more flexibility to customize a ground-up new construction spec home. You can work with the builder to choose materials, layouts, and finishes, tailoring the home to your preferences.

Quality

Manufactured Home: Quality can vary depending on the manufacturer and the specific model. Generally, manufactured homes are built to federal HUD (Housing and Urban Development) standards, which ensure a basic level of safety and quality: Ground-Up New Construction Spec Home: You have more control over the quality of materials and construction when building a new spec home, which can lead to a higher overall quality and durability.

Location: Ground-Up New Construction Spec Home: You have more flexibility in choosing the location for a ground-up new construction spec home, as you can buy a lot in various neighborhoods or areas. Manufactured Home: Manufactured homes are often located in manufactured home communities or on private land. The location may be limited to areas zoned for manufactured housing.

Resale Value:

Manufactured Home: Generally, manufactured homes tend to appreciate in value at a slower rate compared to traditional stick-built homes, which can affect resale value. Ground-Up New Construction Spec Home: Ground-up new construction homes often have better resale value and may appreciate more over time, especially if they are located in desirable areas.

Financing

Manufactured Home: Financing options for manufactured homes may be different from traditional mortgages and can have different terms and interest rates. Ground-Up New Construction Spec Home: Financing for new construction spec homes is typically similar to traditional mortgage financing, making it more straightforward for many buyers. Ultimately, the choice between a manufactured home and a ground-up new construction spec home depends on your budget, preferences, and long-term goals. Consider your priorities in terms of cost, customization, quality, location, and resale value when making your decision.

• This discussion was modified 1 year, 2 months ago by  Gustan Cho. Reason: Want to get notified

If you want to get paid 1099 as a loan officer you need to surrender getting licensed in the following states.

1. Nevada

2. Hawaii

3. Illinois

4. Mississippi

5. NEBRASKA

6. New Jersey

7. North Carolina

8. South Carolina DFI: SC DCA NO W2

9. Georgia

10. Vermont

11. MA

More and more states are allowing loan officers become 1099 wage earners. We will update this list as states update allowing 1099 wage earner for loan officers.

• This discussion was modified 9 months ago by  Gustan Cho.

Why is is so difficult to get a mortgage loan on a home that sits on large acreage

The Colorado Supreme Court has ruled 4 to 3 former President Donald Trump cannot be on the 2024 Presidential ballot due to the January 6th insurrection he allegedly incited. More on this as this breaking news evolves.

https://youtu.be/8fCkN73B9eI?si=Xp25mWSa50dqrC4R