An Atlas Van Lines migration study shows that North Carolina continues to rank among the strongest states in the country as a corporate relocation destination. North Carolina came in tied at No. 5 in the nation for inbound moves to the state for corporate relocations after recording an 18 percent increase in the number of people who moved to the state in 2010. The number of outbound moves increased nearly 6 percent compared to the year prior. North Carolina recorded 3,501 “move-ins” in 2010, compared to just 2,411 “move-outs,” meaning that about 57 percent of total corporate relocation activity was inbound.
Normally, when you see smoke wafting from a neighbor’s back yard, you assume he’s burning some leaves, or has poured too much lighter fluid on his barbecue. But there could be another reason for the conflagration: Your neighbor is torching his mortgage.
Who would risk the negative impact of defaulting on a mortgage if they didn’t really have to? About 17% of Americans who defaulted on their mortgages in the second quarter of 2010 did exactly that, according to a study by Experian.
A new and costly rule called Qualified Residential Mortgage, is being considered by federal regulators. If the proposal passes it would require homebuyers to make at least a 20% down payment on a home purchase for the most affordable rates. Federal regulators have taken a law passed by Congress intended to prevent future banking collapses and turned it into an unintended penalty on homebuyers.