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Rick Kumer
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Direct Office:
(757) 456-2345
kumer@
remax-vb.hrcoxmail.com
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Local Real Estate News
    Local Real Estate News
  • Virginia Community Bank and Atlantic Bay Mortgage Group call off merger
    Tuesday, August 14, 2018, 1:11 AM
    Louisa-based Virginia Community Bank and Virginia Beach-based Atlantic Bay Mortgage Group are not going to merge after all. The two financial institutions announced late Monday that both companies made the mutual decision to withdraw their merger application from the Federal Deposit Insurance Corp. and Virginia Bureau of Financial Institutions.
  • Zillow reports Virginia Beach has the highest share of underwater mortgages
    Friday, August 10, 2018, 8:17 PM
    Barbara Sgueglia finds it surprising Virginia Beach is at the top of Zillow's quarterly research report on residential mortgages that are underwater. "We do have a fair number of short sales, but our economy is strong and our real estate market is strong," said Sgueglia, broker and owner of the Military Relocation Team, a local real estate agency.
  • Defect risk for mortgages improving in almost all areas
    Tuesday, July 31, 2018, 5:52 PM
    Loan defect risk rose in only three states and a handful of metropolitan regions in June thanks to the continuing spread of digital mortgage initiatives that improve data quality. The rate of mortgage defects was down by more than 8% year-to-year during the month, according to First American Financial Corp.'s Loan Application Defect Index.
  • Moving on up to a king-size bed. But are you strong enough to flip the mattress?
    Thursday, July 26, 2018, 8:14 AM
    From 1986 to 2004, Jo-Ann Clegg wrote a weekly, often humorous and family-centered, column for the Virginia Beach Beacon section of The Virginian-Pilot. After a break, she's returned as a freelance writer.
  • Virginia Beach-based real estate spinoff soars
    Tuesday, July 24, 2018, 3:10 PM
    Jonathan Melvin, broker with Benham Real Estate, LLC., was named number one realtor in Virginia and 32nd in the country by REAL Trends. Sean Rooney, broker with Benham Real Estate, LLC., started the company with Jonathan Melvin in 2010.
  • Virginia housing advocates call rent-to-own home contracts a predatory problem
    Tuesday, August 07, 2018, 4:45 PM
    Eric Dunn, director of litigation at the National Housing Law Project, explains why he thinks rent-to-own deals are predatory and unfairly target communities of color in Virginia. Eric Dunn, director of litigation at the National Housing Law Project, explains why he thinks rent-to-own deals are predatory and unfairly target communities of color in Virginia.
  • Fredericksburg's Virginia Partners Bank defied recession to create community resource
    Tuesday, August 07, 2018, 1:55 AM
    Thank you for reading 10 free articles on Fredericksburg.com. You can come back at the end of your 30-day period for another 10 free articles, or you can purchase a subscription and continue to enjoy valuable local news and information.
  • Manafort sought redemption in Trump but wound up in court
    Friday, August 03, 2018, 2:00 AM
    Paul Manafort's services did not come cheap. His consulting work helped prop up foreign strongmen, who in turn kept him in $12,000 bespoke suits from Beverly Hills.
  • Bay Banks of Virginia (BAYK) vs. Blue Hills Bancorp (BHBK) Head-To-Head Contrast
    Tuesday, July 31, 2018, 3:38 AM
    Bay Banks of Virginia and Blue Hills Bancorp are both small-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their risk, institutional ownership, analyst recommendations, earnings, dividends, valuation and profitability. Bay Banks of Virginia has a beta of 0.28, indicating that its stock price is 72% less volatile than the S∓P 500.
  • The Manafort trial: What you need to know
    Monday, July 30, 2018, 1:22 PM
    In this Feb. 14, 2018, file photo, Paul Manafort leaves the federal courthouse in Washington. The trial of President Donald Trump's former campaign chairman will open this week with tales of lavish spending on properties and clothing and allegations that the political consultant laundered money through offshore bank accounts.

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