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In recent news, Shanxi province in China has reported a case involving a missing female master's student who has been successfully located. However, the incident took a serious turn as the individuals involved have been taken into custody and will face criminal coercion measures.
The Bu case first came to public knowledge when a series of suspicious activities were reported in the residential area where Bu, the primary suspect, resided. As the investigation progressed, it was revealed that Bu was allegedly involved in a range of illicit activities, including fraud, money laundering, and other forms of criminal behavior. The discovery of these activities led law enforcement agencies to initiate a thorough investigation into Bu's connections and associates, resulting in the apprehension of several individuals linked to the case.New Delhi: The Congress said it has many doubts whether the Government is fully committed to hold the promised debate in Parliament, from Friday, on the Constitution, commemorating the 75th anniversary of the adoption of the statute. Citing the ' Soros row ', the ruling side has been raking up in Parliament, Congress leaders wondered whether it was part of build-up to 'derail' the debate on Constitution. "We have doubts about the government's commitment to hold debate in the House on the Constitution. So far, we have not received any firm communication about it. The way the ruling party members have been raking up all kinds of unfounded allegations in the House against the Congress leadership gives us an impression that the government is trying to derail the debate on the Constitution. The fact is it was the Leader of the Opposition , ahul Gandhi Ji, who first demanded such a debate by writing to the Speaker on 26th November," said Manickam Tagore , Congress whip in the Lok Sabha . The party has issued a whip to all its LS members to be present in the House on Friday and Saturday and among the Opposition MPs expected to participate in the debate is LoP Rahul Gandhi . MPs of some other parties feel the debate could also turn into a BJP-Congress slanging match on Adani-Soros issues. (You can now subscribe to our Economic Times WhatsApp channel )In the fast-paced and highly competitive world of snooker, Judd Trump has solidified his status as the sport's undisputed king with a brilliant victory at the English Open. The triumph not only showcased his exceptional talent and skill but also cemented his dominance at the top of the snooker world rankings. Trump's relentless pursuit of excellence and his unwavering determination to succeed have propelled him to the pinnacle of the sport, where he continues to reign as the world's number one.
Known for his precision passes and strategic gameplay, Diawara's partnership with Bofu is a perfect blend of skill and intuition. Their synergy on the field is a testament to their deep connection and mutual respect for each other's abilities. While others may see them as just teammates, Diawara and Bofu share a deeper bond that transcends the boundaries of typical player dynamics.AP Business SummaryBrief at 5:20 p.m. ESTThe new tax reform on Shandong water resources represents a significant step towards building a more resilient and sustainable water management system in the province. By aligning economic incentives with environmental goals, the policy is expected to drive positive changes in water consumption patterns, reduce water waste, and contribute to the conservation of water resources for future generations.
In a shocking turn of events, Manchester United have made the decision to part ways with their key player, signaling their willingness to splash the cash for a top striker. The news has sent shockwaves through the football world, with fans and pundits speculating on the potential impact of this bold move.
Wall Street drifts to a mixed close in thin trading dayLast week, I went to the Originator Connect holiday party and conference in Irvine. It was a good opportunity to sniff out innovative mortgage financing tools aimed at helping consumers just like you. For me, the find of the day was a home equity line of credit (HELOC) allowing bank statement deposits to be used as an income qualifying substitute for tax returns. I’ve come across bank statement fixed-rate second mortgages, where an applicant must pull all the money out at once, but I’ve never come across this concept for HELOCs. The big advantage with a HELOC is it allows you to borrow and pay it back, sort of like a business line of credit or a credit card, but at significantly cheaper rates. Many self-employed borrowers can show a nice flow of income through bank deposits, but the money doesn’t translate well enough when it comes to claiming enough qualifying net income on a tax return. Legitimate (or even illegitimate) expenses claimed on tax returns whittle down the taxable income. Hence, the bank statement loan program works for those who are unable to meet “full documentation” income and debt-ratio qualifications. What’s the catch? A borrower is going to pay a higher rate and more fees on this HELOC compared with a standard bank HELOC. Beggars can’t be choosers. If you can’t get a bank HELOC, you may be able to get a bank statement HELOC. Here’s an example: $500,000 loan, 75% loan-to-value and 740 middle FICO score offers a start rate of 10.125%. Assume points and closing costs of $7,000. Compare that to a full doc (tax returns to provide the income) bank HELOC, to which you might be paying zero costs with a starting rate of 8.25%. Among the program highlights: This twist on a HELOC is available for owner-occupied residences, second homes and investment properties. The maximum loan amount is $750,000. The borrower must pull out at least 80% of the line amount at closing. You cannot pay any of it back for 90 days. It’s a 20-year term. You can borrow and pay back for the first five years at interest-only payments. A borrower will have an additional 15 years to pay the line back. Also, you can pull out as much as 85% of the equity from your property. American Business Media (the conference organizer) arranges 30 shows a year around the United States. I asked the director of events, Navindra Persaud, what was the hottest topic for mortgage brokers these days. “Navigating higher (mortgage) rates and finding diversity to their (consumer) product offerings,” he told me. Speaking of diversity, another very interesting program is another version of fog-the-mirror lending (if you can fog a mirror, we’ll give you a loan). If you have the same or more liquid assets compared with the loan balance, no questions are asked about any job or income. That section of the application is left blank. For example, you are applying for a $750,000 mortgage. You are currently unemployed. And you can show $750,000 of money between your bank and brokerage accounts. You qualify for this fog-the-mirror-2.0 loan. As an aside, fog-the-mirror 1.0 includes no job or income, just nine months of payment reserves and excellent credit. No need to be able to match your mortgage balance with your liquid assets. Fog the mirror 1.0 carries a 8-8.5% interest rate on a 30-year fixed with about 2 points cost. The version 2.0 rate is between 7.5% and 8% with 2 points. Related Articles Housing | 30-year mortgage down to October levels at 6.69% Housing | Privatizing Fannie Mae would cause mortgage rates to soar, economist says Housing | FHFA loan limits rising to $1.2 million in LA and OC, top $806,000 in Inland Empire Housing | California affordability fixes: 3.5% loans, 50% raises, or 33% home-price cuts? Housing | ‘Difference is Trump’: American homebuyers brace for rate pain Mixed-use: More and more new buildings are offering a combination of retail space and homes. Industry jargon for this is “mixed use.” For the most part, it’s hard to find mixed-use financing. One lender allows residential or commercial zoning for two to eight units, with a loan amount up to $2 million. Not bad. The rate is roughly 7.25% for a 30-year fixed with 2 points. Foreign borrowers: ITIN (individual taxpayer identification number) in lieu of a Social Security number, DACA and foreign national loans all were on display. The foreign national loan required zero U.S. credit, so long as the borrower is putting at least 30% down. The investor-borrower cannot reside in the U.S. Talk about the world being your oyster. When mortgage shopping and there seems to be nothing you want or need, be sure to have at least three mortgage brokers tell you the same thing: “It’s not out there.” Otherwise, keep looking, because you just might find a program that fits your needs. The 30-year fixed rate averaged 6.69%, 12 basis points lower than last week. The 15-year fixed rate averaged 5.96%, 14 basis points lower than last week. The Mortgage Bankers Association reported a 2.8% mortgage application increase compared with one week ago. Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming $806,500 loan, last year’s payment was $183 more than this week’s payment of $5,199. What I see: Locally, well-qualified borrowers can get the following fixed-rate mortgages with one point: A 30-year FHA at 5.625%, a 15-year conventional at 5.5%, a 30-year conventional at 6.25%, a 15-year conventional high balance at 5.99% ($806,501 to $1,209,750 in LA and OC and $806,501 to $1,077,550 in San Diego), a 30-year-high balance conventional at 6.5% and a jumbo 30-year fixed at 6.375%. Eye-catcher loan program of the week: A 30-year mortgage, with 30% down locked for the first 5 years at 5.875% with 1 point cost. Jeff Lazerson, president of Mortgage Grader, can be reached at 949-322-8640 or jlazerson@mortgagegrader.com .