The city of Albertville is starting an aviation college at its airport. It's only temporary for now, but city leaders hope it will eventually turn into a permanent aviation campus for North Alabama......
Council members in one Valley city re-appointed most of its public officers Monday night, all except for the man who leads those to serve and protect.......
Members of Marshall County's Safe Streets Task Force busted a meth lab Tuesday afternoon. They got their hands on a slew of drug paraphernalia in the process......
A WAFF 48 News update on a convicted sex offender wanted in Tennessee.
Deputies say Darren Little turned himself in to the Lincoln County Sheriff's office.
Little was convicted for possession o......
The wife of a former Shelton State Community College president has pleaded guilty to three federal wire fraud counts and will forfeit more than $156,700 in pay and benefits reaped from a phony job she got at ...
When they were last united, they were driving station wagons to Selma, dancing in the streets of a Black Belt town, making wagon covers for another march on Washington.
HUNTSVILLE, Ala. - DeWanna Bonner scored 25 points to lead No. 20 Auburn to an easy 91-53 season-opening win over turnover-prone Alabama A&M on Friday night The Tigers converted 37 Alabama A&M turnovers into 43 ...
NASA's newest high-performance rocket engine, the J-2X, successfully completed its critical design review Thursday at NASA's Marshall Space Flight Center in Huntsville, Ala.
Many weird stories have popped up at a result of the real estate bust, but none stranger than this recent item from California's Riverside Press-Enterprise.
A character named King Solomon II is filing deeds of sale on foreclose......
The $189 billion California Public Employees’ Retirement System, the largest and most closely watched pension fund in the country, has revealed a huge hit to its real estate portfolio. Its housing related assets are down 35% to $6.1 billion as of June 30. Until recently, the big fund was still reporting double-digit increases in its real estate ......
You might be surprised to learn that the California foreclosure rate actually decreased by 18% in October compared to September, according to RealtyTrac’s new report. But the news isn’t necessarily good.
The state’s filings have dropped for two straight months because of a new law that requires lenders to make a number of attempts to ......
The flurry of announcements by the government and major banks that they are engaging in a massive campaign to modify mortgages that are in or are hurtling toward default and foreclosure will certainly give rise to predictions that the housing market has been stabilized and disaster averted. If only it were so.
There was a great story in the Los Angeles Times yesterday about the reporter's struggles to buy a home in foreclosure. I was particularly fascinated by what appears to be some creepy dealings by the listing agent on one of the properties who never even......
Huntsville Alabama Real Estate Blog / What is Negative Amortization?Posted by Lenny Kelman After posting an explanation on adjustable rate mortgages, I have been asked what a negative amortization loan is. Here is a brief overview:A negative amortization loan is an adjustable rate mortgage that allows the consumer to tap into home “equity” by offe......
This week brings us the release of four factual economic reports to be concerned with along with the minutes from the last FOMC meeting. Two of the three reports are considered to be only moderately important while one is of low importance to the bond and mortgage markets. Still, the last report of the week [.........
Rates Heading Down This Year?
The recent decline of the stock market may be an early indicator of what is coming for the remainder of the year. If the correlation between the NAHB’s Housing Market Index and the S&P 500 Index holds true, we may see substantial decreases in home mortgage rates in the coming [.........
Huntsville Alabama Real Estate / Philip Winburn / Rosenblum Realty Inc. 2314 South Memorial Parkway Huntsville, AL 35801