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☆ 'If your parents are homeowners, you're more likely to be a homeowner,' housing expert says. Here's why
▼ + stars: | 2024-02-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

If a parent is a homeowner, they are more likely to assist with their kid's down payment, she said. But it's harder for those with parents who are not homeowners: "Renter households are often precluded from bringing more people into their home. Having homeowner parents is 'like a 5 percentage point bonus'Young adults with homeowner parents are more likely to become homeowners themselves because they can obtain more information about the mortgage application process directly from their parents, the Urban Institute found. "Because the parents are so knowledgeable about homeownership, they're more likely to encourage their kids to do it and show them how to do it," Myers said. "It's like a 5 percentage point bonus by having parents who are homeowners."

Persons: Skylar Olsen, Myers, that's, Zers, Intuit Credit Karma, Wachter Organizations: Digitalvision, Getty, National Association of Realtors, Urban Institute, Intuit Credit Locations: Washington ,

☆ Boxabl customers tired of waiting for their tiny homes ask for their deposits back as a cash crunch looms
▼ + stars: | 2024-02-22 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +12 min

While most of those customers say they have received their money, some said their refund requests were disputed or ignored. Two-thirds, or 23, of those people said they had asked to be refunded, or were going to ask Boxabl for their money back. Boxabl said it recently received approval to sell its homes in Arizona and is close to receiving similar clearances in California and Nevada. Amid its own dwindling cash supply, Boxabl has recently appeared less willing to grant refunds to some depositors who want out. When he sent an email in January to Boxabl asking for a refund, the company declined his request.

Persons: —, Boxabl, Dan Pena, Pena, Chris Armbruster, Gary Palmer, Palmer, He's, Galiano Tiramani, Zach Punnett, Punnett, Tiramani, What's, Paolo, Boxabl Galiano, Paolo Tiramani, Peers, Helene, Ali Faraji, Faraji, wouldn't Organizations: Service, North Las, Business, Securities and Exchange Commission, SEC, Oklahoma City, Archdiocese, Regulators, Tesla Plaid Locations: North Las Vegas, California, Los Angeles, Joshua Tree, Fort Worth , Texas, Riverside , California, Guantanamo Bay, Arizona, Nevada, Oklahoma, California , Virginia , Nevada , Arizona , Utah, Hawaii, Canada, Atlanta, Aptos, Santa Cruz

401(k) withdrawal for a home purchase: Is it a good idea? 401(k) withdrawal rules for buying a homeFirst, you'll need to check with your plan administrator to see if early withdrawals are allowed, and under what circumstances. Tax implications of a 401(k) withdrawal for a home purchaseLet's take a closer look at the penalties and taxes you might incur from a 401(k) home purchase withdrawal. 401(k) loan for buying a houseInstead of withdrawing money from your 401(k), you also have the option to take out a loan. 401(k) withdrawal for a home purchase FAQsIs buying a home considered a hardship for 401(k)?

Persons: you'll, —, You'll, doesn't, Roth, you've, Brian Pirri, Pirri, Chase, Homebuyer Grant Organizations: Service, IRS, Roth IRA, Local, Rocket Mortgage Locations: Massachusetts, Chevron

☆ LPR: China makes biggest-ever cut to key mortgage rate to support housing market
▼ + stars: | 2024-02-20 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis. The People’s Bank of China (PBOC) announced Tuesday that it would cut its five-year loan prime rate (LPR) from 4.2% to 3.95%, while keeping the one-year LPR unchanged at 3.45%. The 25 basis point cut to the five-year LPR is the biggest reduction the central bank has made since it revamped its LPR system in 2019. The latest cut was also the first reduction to the five-year LPR since June 2023. “Today’s 25 (basis point) cut to the five-year LPR is clearly aimed at supporting the housing market,” analysts from Capital Economics said in a note on Tuesday.

Persons: “, ” Organizations: Hong Kong CNN, People’s Bank of China, Capital Economics, Zhongrong Trust, State Administration of Foreign Exchange Locations: China, Hong Kong, Beijing, Shanghai, Shenzhen

Wayne said that has been the case in his district, where an Ohio corporation has bought more than 150 single-family homes in recent years — often pushing out individual homebuyers with all-cash offers. Wayne's bill offers few specifics. It consists of a single sentence that says a corporation, hedge fund or other business may not buy purchase single-family housing in Nebraska unless it's located in and its principal members live in Nebraska. Currently, about 13% of single-family homes in Lincoln are owned by out-of-state corporate firms, he said. As in other states, Wayne's bill likely faces an uphill slog in the deep red state of Nebraska.

Persons: Sen, Justin Wayne’s, Wayne, it's, ” Wayne, isn't, Wayne Mortensen, Lincoln, Mortensen, ” Mortensen, Omaha Sen, Brad von Gillern, “, ” Organizations: Control, American Homes, Democratic, Banking, Insurance, Commerce Locations: Nebraska, Omaha, Ohio, Minnesota , Indiana, North Carolina, Texas, Lincoln

Low-income mortgage borrowers could get a $2,500 homebuyer credit through Fannie Mae or Freddie Mac. Major mortgage investors Fannie Mae and Freddie Mac are temporarily offering a $2,500 credit to very low-income homebuyers to help offset their down payment and closing costs. The Fannie Mae credit is available through the company's HomeReady program, while people can get the Freddie Mac credit through its Home Possible program. Both Fannie Mae and Freddie Mac have tools that let you see the area median income in a given location. How the $2,500 credit worksIf you qualify for this credit, you'll get the $2,500 through your lender, which Fannie Mae or Freddie Mac later reimburses the lender when your loan is sold.

Persons: Fannie Mae, Freddie Mac, —, Freddie, Fannie Mae's, Freddie Mac's, it's, you'll, Fannie, Eileen Tu, Cyndi Danko, You'll Organizations: Service, Rocket Mortgage, National Council of State, Agencies

☆ Spring homebuying and selling season just kicked off. Are you ready?
▼ + stars: | 2024-02-11 | by ( Anna Bahney | ) edition.cnn.com time to read: +9 min

So if you’re planning to be in the market this year, here’s what to expect this spring — and how to be ready to pounce. Don’t wait for better prices or ratesLast year was the least affordable housing market since the 1980’s as mortgage rates spiked to 23-year highs at the end of October. But a slightly brighter season is dawning this spring. This spring is offering a bit of rate and price stability said Betty Jans, an Annapolis, Maryland-based real estate agent. “If you wait, and all of the sudden we have a little dip in rates, you’re going to be competing with everyone else that wants to buy then, too,” Jans said.

Persons: it’s, Fannie Mae, Betty Jans, Tiffany Hagler, homebuyers, ”, Jans, Berkshire Hathaway, PenFed, ” Jans, “, Mike Mravca, Mravca, ” Mravca, “ I’ve, Hillary Nash, Nash, “ It’s, you’re Organizations: Washington CNN, NFL, Super, Geard, Bloomberg, Getty, Berkshire, Taylor Properties, NAR, District of Columbia, of Housing, Urban Development, National Housing Conference Locations: Annapolis , Maryland, Larchmont , New York, Virginia , Maryland, Delaware, Washington, Washington , DC, Maryland, Virginia

(AP) — A former top prosecutor for the city of Baltimore was convicted Tuesday on one count of mortgage fraud, concluding a lengthy criminal trial in which Marilyn Mosby testified she unwittingly made false statements on loan applications to buy two Florida vacation homes. The jury announced a split verdict Tuesday evening after deliberating most of the day, finding Mosby not guilty on a second mortgage fraud charge, The Baltimore Sun reported. Her mortgage fraud trial, which began in mid-January, was moved from Baltimore to Greenbelt, Maryland, over concerns potential jurors may have been biased by extensive media coverage of the case. Mosby’s failure to disclose that debt on her loan applications contributed to the mortgage fraud charges, according to prosecutors. In the perjury case, a different jury found Mosby lied about suffering financial losses so she could withdraw money from her retirement account.

Persons: —, Marilyn Mosby, Mosby, hasn’t, Freddie Gray, Nick Mosby, didn’t, Prosecutors Organizations: Baltimore Sun, Prosecutors, Baltimore Locations: Md, Baltimore, Florida, Greenbelt , Maryland

☆ Evergrande liquidation: Here’s what may happen next
▼ + stars: | 2024-01-31 | by ( Laura He | ) edition.cnn.com time to read: +9 min

But there is still little clarity over how the liquidation of Evergrande will unfold. That’s because the legal systems of Hong Kong and China remain distinct, despite Beijing’s growing control over the former British colony in recent years. No Chinese company as huge as Evergrande — which was once China’s second largest developer— has been wound up by a Hong Kong court. Hui Ka Yan, chairman of property developer China Evergrande. Since then, Evergrande has been building and selling apartments in mainland China, even though it has been unable to repay its debts.

Persons: Alvarez, Marsal, —, ”, John Bringardner, Hong, Hui Ka Yan, Xu Jiayin, Hui, Xiao En, Bobby Yip, Xiao, Evergrande, Florence Lo, homebuyers, Will, Andy Wong, Diana Choyleva, Xiao Yuanqi, ” Bringardner, ” Choyleva, Choyleva, “ Evergrande Organizations: Hong Kong CNN, Shimao, Kaisa Holdings, Group, “, Real, Century Business Herald, China Index Academy, Enodo, Communist Party, China’s, Financial Regulatory Administration, Getty, People’s Bank of China, Finance Ministry, Evergrande, Marsal Locations: Hong Kong, United States, China, British, New York, China . Hong Kong, Shenzhen —, Asia, Florence, Beijing, Real, Hainan

The order by the Hong Kong High Court also is not a remedy for the crisis of confidence haunting China’s financial markets. Markets in both Hong Kong and Shanghai fell Tuesday while share prices of property developers sank. State-owned Chinese banks and other domestic entities own most of the debt owed by Chinese property developers. David Goodman, director of the University of Sydney’s China Studies Center, said he thinks China’s property debt burdens are unlikely to precipitate a major financial crisis. “The fact of the matter is that the Chinese financial system is not as open or as marketized (as in the United States),” he said.

Persons: Brock Silvers, haven't, Silver, ”, Seng, David Goodman, —, Soo Organizations: Evergrande, Hong Kong High, Kaiyuan, ”, Sunac China Holdings, F Properties, Shanghai, Swiss Re Institute, Swiss, University of Sydney’s China Studies Center Locations: BANGKOK, Hong Kong, China, Beijing, Shanghai, Guangzhou, United States, U.S, Singapore

☆ Real-estate investors on tight budgets are using a creative strategy to buy homes with zero money down and lock in low interest rates in high-rate environments
▼ + stars: | 2024-01-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

One strategy, known as buying "subject-to," allowed her to bypass a down payment and inherit a relatively low interest rate for her second property. According to Casey, subject-to deals aren't all that common, mostly because of a lack of understanding about how they work, even among real estate professionals. He can take that money from the escrow if she misses a mortgage payment. "I don't necessarily care about the purchase price; I care about your interest rate. I care about not having to put down a down payment, Casey continued.

Persons: Casey, —, She's, that's, you've, Nyasia Casey, he's, Zeona McIntyre, Zeona McIntyre McIntyre, she's Organizations: Business Locations: New York City, Baltimore, Boulder

If you’re worried you could be laid off — or if you’ve lost your job — personal finance professionals and career advisers have recommendations for how to cope. You can do this by leaving space in your resume to include keywords that are specific to the job you are applying for. IF YOU HAVE BEEN LAID OFFPRIORITIZE YOUR MENTAL HEALTHYour mental health can be heavily affected after a job loss. SHARE YOUR EXPERIENCEIt can be hard to talk about losing your job, and you should only share if you feel comfortable. “It shows that you have grit, that you’re willing to work hard and take care of your responsibilities,” she said.

Persons: you’re, you’ve, Jesse Mecham, Mecham, It’s, Scott Dobroski, “, ”, Marlo Lyons, Lyons, Dobroski, “ I’ve, ” Lyons, “ Don’t, Charles Schwab Organizations: eBay, Riot Games, Los Angeles Times, YOU, Jobs, LinkedIn, “, Labor Department, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Lafayette , Colorado, U.S

☆ New California city backed by Silicon Valley billionaires will be about 18,600 acres — less than half the size of the purchased land
▼ + stars: | 2024-01-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Notably, the acreage is less than half of the nearly 55,000 acres Flannery Associates purchased presumably for the project since at least 2018. Flannery Associates has spent about $800 million grabbing up land throughout the county that sits about 60 miles above San Francisco. But the group also has been in a contentious legal battle with a handful of Solano County landowners since May. In a lawsuit, Flannery Associates accused landowners of conspiring to inflate the land prices. In response, attorneys for the landowners accused Flannery Associates of using "strong-arm tactics" to pressure landowners into selling their land.

Persons: —, Flannery, Solano County —, Flannery Associates, Marc Andreessen, Laurene Powell Jobs, Reid Hoffman, Flannery overpaid, Jan Sramek, Flannery Will Ruin, Mitch Mashburn, Mashburn Organizations: Silicon, Service, Flannery Associates, Solano Homes, Jobs, Clean Energy Initiative, New York Times, LinkedIn, Local, NBC Locations: California, Solano County, Vallejo , Fairfield, Solano, San Francisco, Silicon

☆ Asia’s year in review: Who had it good — and who had it bad — in 2023
▼ + stars: | 2023-12-22 | by ( Curtis Chin | Jose B. Collazo | ) www.cnbc.com time to read: +7 min

As 2023 comes to a close, we take a look at the year that was in Asia and the Pacific region. But who had it good and who had it bad in 2023? Bad year: China's property marketWith millions of Chinese citizens still waiting for homes they put down payments on — but might never be built — 2023 was a particularly bad year for China's property market. A newly built property is seen from the air in Hangzhou city, Zhejiang province, China, Dec 15, 2023. Chinese families and individuals who once saw homes as more than somewhere to live but also as investments have reason to fear 2023 won't be the last bad year they face.

Persons: Curtis, Chin, Jose B, —, Vikram, Amit Dave, Narendra Modi, Taylor Swift, Kim Ji, Jennie, Kim Jennie, Roseanne Chae, Lisa, Lalisa, King Charles, Rose, Roseanne Park, Jisoo Kim, Jennie Kim, King Charles III, Yoon Suk Yeol, Kim Keon Hee, Victoria Jones, Blackpink, Michelle Yeoh, Joe Biden, Xi Jinping, San Francisco —, China Evergrande, Moody's, Asia's Organizations: Asian Development Bank, RiverPeak Group, ISRO —, Indian Space Research, Orbiter, ISRO, Buckingham, Sustainable, COP26, Getty, YG Entertainment, APEC, U.S, International Monetary Fund Locations: U.S, Asia, Turkey, Syria, Maui, Hawaii, Lahaina, Pacific, India, Gujarat Science City, Ahmedabad, Korea, British, LONDON, ENGLAND, Glasgow, London, England, South Korea, Malaysian, New Zealand, Thailand, China, San Francisco, United States, Taiwan, South China, Country, Hangzhou city, Zhejiang province

Yes, you can get a mortgage in retirement, even if your only income comes from Social Security retirement benefits or other types of Social Security. How lenders view Social Security incomeMortgage lenders can't deny credit to applicants simply because their income comes from Social Security. Social Security income is viewed the same as any other type of income, with one exception that can work in recipients' favor. Additionally, if you have other sources of income aside from your Social Security income, be sure to include that in your application. Can you get a mortgage with only social security income FAQsCan I get a loan if my only income is Social Security?

Persons: —, you'll, Shashank Shekhar, Shekhar Organizations: Social Security, Service, Social, DTI, Security, Chevron Locations: Chevron

With his rental earnings and increased salary, Vij was able to buy more rental properties in southern Ontario. Investing in rental propertiesVij's first rental property was a two-story detached home with seven rentable rooms, two miles away from McMaster's main campus. Otherwise, whatever money Vij made from his job and rental property went straight into savings for more rental properties. "I want to own as many assets as possible that generate cash flow and use any extra cash to buy more assets." In 2023, Vij broke even on his rental properties.

Persons: Karun Vij, Vij, —, I'd, Karun, Jeremy Applebaum, I'm, Seema, Vij Vij, He's Organizations: CNBC, aha, McMaster University, McMaster, Fortune, Fiverr Savings, Spotify, Amazon Prime, Google, Walt Disney Locations: Hamilton , Ontario, Canada, McMaster's, Cambridge, Ontario, Chicago, Brampton , Ontario, Toronto, Mississauga, Hamilton, Milton , Ontario, Windsor , Ontario

SummaryCompanies cpurl://apps.cp./cms/?pageId=house-poll poll dataNew home prices will likely rise in 2024Property sales, investment seen continuing to slide next yearBEIJING, Nov 29 (Reuters) - Prices of new homes in China are now expected to climb 3% this year after a slew of policy measures to support the country's beleaguered property market, up from earlier expectations for prices to be flat, a Reuters poll showed. But the poll of 11 economists, conducted Nov. 20-28, also showed expectations for 1% growth in new home prices in 2024 were little changed from an August poll. According to the poll, property investment is expected to slump 10% in 2023 and then 8.4% in 2024. Regulators are drafting a list of 50 property developers eligible for a range of financing support, including Country Garden (2007.HK) and state-backed China Vanke (000002.SZ), Bloomberg reported last week. (For other stories from the Reuters quarterly housing market polls)Reporting by Liangping Gao and Ryan Woo; Editing byOur Standards: The Thomson Reuters Trust Principles.

Persons: Huang Yu, Wang Xingping, Liangping Gao, Ryan Woo Organizations: China Index Academy, Fitch, Regulators, HK, Bloomberg, Thomson Locations: BEIJING, China

☆ How much the typical first-time home buyer puts toward a down payment and where they get the money
▼ + stars: | 2023-11-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

The typical first-time home buyer made a down payment of 8% and relied on their savings to do so. Why has the typical down payment for first-time buyers reached an over two-decade high when the housing market is so expensive? In part, it's because wealthier first-time buyers — who can more easily afford a higher down payment — have been particularly active in the housing market. In 2023, the typical first-time homebuyer had a household income of $96,000, up from $71,000 in 2022. Last year, the share of first-time homebuyers reached 26% , the lowest level since the survey began in 1981.

Persons: —, homebuyer, Jessica Lautz, it's, homebuyers Organizations: Service, National Association of, NAR

☆ Mortgage rates fall for fourth week but stay above 7%
▼ + stars: | 2023-11-22 | by ( Anna Bahney | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —Mortgage rates fell again in the most recent week, as inflation showed signs of slowing. It’s the fourth consecutive week of tumbling rates after rising for seven straight weeks. The average rate rose above 7% in mid-August and since then reached as high as 7.79% at the end of October. “In a few short weeks, mortgage rates have largely erased the sharp climb traversed in October,” said Danielle Hale, Realtor.com’s chief economist. Meanwhile, she added, existing home sales slid to their worst reading since 2010 as home prices rose and mortgage rates pushed the cost of buying even higher.

Persons: Freddie Mac, “, ”, Sam Khater, Freddie Mac’s, Danielle Hale, Hale, homebuyers, ” Hale Organizations: DC CNN — Locations: Washington

☆ Baby boomers got rich off real estate and they are in perfect position to do it again
▼ + stars: | 2023-11-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Nearly one-fourth of that was built through real estate equity. With less pressure from interest rates, they can take advantage of the current real estate market, too. They're also in the perfect position to help themselves by taking advantage of the current real estate market. However, boomers can make stronger bids on homes for sale because of their savings and real estate equity. AdvertisementMeanwhile, more than one-third of house purchases in September were all-cash, according to the real estate broker RedFin.

Persons: —, They're, Jessica Lautz, RedFin, Jeremy Grantham, Grantham, David Rosenberg, Rosenberg, Merrill Lynch Organizations: Service, National Association of Realtors, NAR, Brigade, Census Bureau, Federal, Rosenberg Research, North, Federal Reserve Locations: North American

☆ Here’s how much you need to make to afford a home in America
▼ + stars: | 2023-11-13 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

“First-time buyers tiptoed back into the market this year with less competition and fewer multiple-offer scenarios,” said Lautz. The age of the typical repeat buyer also dropped slightly to 58 from an all-time high of 59 last year. In comparison, the typical downpayment for repeat buyers was 19%, which is the highest share since 2005, when the typical downpayment was 21%. First-time buyers increased their reliance on financial assets this year, which grew to 24% from 20% last year. Of recent homebuyers, 7% were Latino, 7% were Black, 6% were Asian or Pacific Islander and 6% identified as some other race.

Persons: ”, Jessica Lautz, today’s, homebuyers, downpayment, Homebuyers, “ Organizations: DC CNN, National Association of Realtors, Census Locations: Washington, United, United States

☆ 15 cities where U.S. homebuyers make the largest down payments—the top 5 are in California
▼ + stars: | 2023-11-12 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Homebuyers put down an average of 13.8% of the home price in 2023, according to a Realtor.com analysis of the 150 largest real estate markets for the quarter ending in September. Here's a look at the 15 most expensive real estate markets, based on the median cost for a typical down payment on a home. In Killeen, Texas, median down payment is only $2,182. This includes Fayetteville, North Carolina; Shreveport, Louisiana; and El Paso, Texas, where median down payments are $5,000 or less. U.S. Department of Agriculture loans also require no down payment, which might lead to low down payments in relatively rural areas.

Persons: Homebuyers, That's, Freddie Mac, Warren Buffett Organizations: PMI, Santa, Thousand Oaks, Seattle, Boston, Cambridge, Fort, Stamford -, U.S . Department of Veterans Affairs, U.S . Department Locations: California, U.S, San Jose, Sunnyvale, Santa Clara , California, Francisco, Oakland, Berkeley , California, Santa Maria, Santa Barbara , California, Angeles, Long, Anaheim , California, Santa Rosa, Petaluma , California, Oxnard, Ventura , California, Tacoma, Bellevue , Washington, Diego, Chula Vista, Carlsbad , California, Newton , Massachusetts, New Hampshire, Fort Collins , Colorado, Sacramento, Roseville, Folsom , California, Naples, Marco Island, Florida, York, Newark, Jersey City , New York, New Jersey, Pennsylvania, Portland, Vancouver, Hillsboro , Oregon, Washington, Bridgeport, Stamford, Stamford - Norwalk , Connecticut, U.S . California, Killeen , Texas, Killeen, Fayetteville, North Carolina, Shreveport , Louisiana, El Paso , Texas

☆ Former top Baltimore prosecutor convicted of federal perjury charges
▼ + stars: | 2023-11-10 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Nov 9 (Reuters) - Baltimore's former top prosecutor Marilyn Mosby was found guilty of perjury on Thursday for falsely claiming financial duress to withdraw funds from a retirement plan. A U.S. District Court jury in Greenbelt, Maryland, convicted Mosby, 42, on both federal perjury counts she faced after hours of deliberation. Mosby, a Democrat, lost her bid for a third term after she was indicted on federal charges in January 2022. Mosby's defense team argued in court that she did not lie in stating financial hardship because her private travel business took a hit during the pandemic. None of the six officers charged in his death was convicted.

Persons: Marilyn Mosby, Mosby, Freddie Gray, Prosecutors, Gray, Steve Gorman, Michael Perry Organizations: Maryland, Baltimore, Democrat, Maryland U.S, Attorney's, Prosecutors, Internal Revenue Service, Thomson Locations: U.S, Greenbelt , Maryland, Maryland, COVID, Florida, Los Angeles

(AP) — A federal jury is expected to hear attorneys' closing arguments on Wednesday in the perjury trial of a former top prosecutor for the city of Baltimore. Marilyn Mosby, who served two terms as state's attorney for Baltimore, declined to testify before her attorneys rested their case on the third day of her trial. Mosby's attorneys said she legally obtained and spent the money. Mosby told the truth when she certified on paperwork that the pandemic devastated her business, said the defense attorney, Maggie Grace. U.S. District Judge Lydia Kay Griggsby agreed to move Mosby’s trial from Baltimore to Greenbelt, Maryland, a suburb of Washington, D.C.Mosby’s attorneys argued that she couldn’t get a fair trial in Baltimore after years of negative media coverage.

Persons: Marilyn Mosby, Prosecutors, Mosby, Freddie Gray, Mosby’s, Sean Delaney, Maggie Grace, “, Marilyn Mosby’s, ” Grace, Scott Bolden, Lydia Kay Griggsby, couldn’t, Lea Skene Organizations: —, Baltimore, Democratic, Prosecutors, Economic, Mahogany Elite Enterprises, U.S, Washington , D.C, Associated Press Locations: Md, Baltimore, Florida, Kissimmee , Florida, , Florida, Greenbelt , Maryland, Washington ,

☆ The CEO of UNest, a college savings app, stepped down after she said the company was 'insolvent.' Here's what customers need to know.
▼ + stars: | 2023-11-03 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

UNest is a startup that makes it easier for people to save up for major life expenses like college. Ksenia Yudina, founder & CEO, stepped down last month and warned the company was "insolvent." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As Insider previously reported, Ksenia Yudina, founder & CEO, stepped down last month and warned the company was "insolvent." "The board, remaining management, and investors are working closely together to secure additional funding for the company," he said.

Persons: Ksenia Yudina, —, Franklin Templeton, Star Baron Davis, Laura Dern, Michael Doniger, UNest, Ben Bergman, bbergman@insider.com Organizations: Service, Artemis Fund, Anthos, Northwestern Mutual, Star, Vanguard, Blackrock, Apex Clearing Locations: Anthos Capital, Apex

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