Government Intervention In Housing Often A Mistake For Communities And Taxpayers
So what happens when government steps in to revitalize neighborhoods and make more people homeowners? Sometimes neighborhoods are hurt and homeowners go into foreclosure.
Categories: Mortgage Newswire
Stock investors ask: What's the next big thing?
A year after the stock market began its comeback from 12-year lows, investors are looking for the next big thing.
Categories: Mortgage Newswire
Obama Foreclosure-Prevention Plan Lagging, New Data Shows
Only about a third of the homeowners who have successfully completed the trial period of the Obama administration's mortgage modification program have been offered permanent relief, according to new federal data obtained by the Huffington Post.
Categories: Mortgage Newswire
Circle Area Real Estate Market Report-Homes-Condos-Income Properties-Long Beach Real Estate
Categories Laurie Manny Main Street Realtors 244 Redondo Avenue Belmont Heights Long Beach California 90803 Lic.#01321200 212-5420 684-0484 - Fax Contact Us A Featured Listing A A ***SOLD*** I CAN SELL YOURS TOO! Downtown Long Beach Sweeping Coastline Views Harbor Place Tower 525 Seaside Way 1505 Sold Price:A $435,000 More Information/Photo ...
Categories: Mortgage Newswire
Appraisal losses could lead to CMBS pain
Losses attributed to commercial mortgage-backed securities may grow through 2010, according to the latest report from Trepp, a real estate tracking firm, due in part to the reduction in the appraised value of properties with associated loans.
Categories: Mortgage Newswire
Bank Of America Overdraft Fees Dropped: Bank Will End Fees By Summer 2010
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards.
Categories: Mortgage Newswire
Daily Financial Crisis CAPSULE: Home Destroyed In Haiti, Home Foreclosed In NY; SEC Top Cop
Late last year, the House of Representatives passed the Wall Street Reform and Consumer Protection Act of 2009, a regulatory reform package aimed at protecting consumers and taxpayers from Wall Street excess, but the Senate has yet to approve its own regulatory reform bill.
Categories: Mortgage Newswire
Stock investors ask: What's the next big thing?
A YEAR after the U.S. stock market began its comeback from 12-year lows, investors are looking for the next big thing.
Categories: Mortgage Newswire
Renting Versus Buying - Bad Debt or Good Debt
An article by Eugene N. White, a professor of economics at Rutgers University, says that the government is making a major effort to keep those home owners facing foreclosures in homes they can't afford, when the government should let them go back to renting until they can really afford to buy.
Categories: Mortgage Newswire
We still hold power to demand accountability
Recent analysis shows what we all suspected - the banking crisis could not have happened without regulatory negligence, writes SARAH CAREY MUCH OF the "Why? Why?" opinion on the Government's banking policy underplays the influence of the institutions of the European Union.
Categories: Mortgage Newswire
Cash for Keys and the Next Bank Bailout
March 9, 2010 - Beginning on April 5th, the next big bank bailout to be paid for by taxpayers will launch.
Categories: Mortgage Newswire
Fortune: Mr. Distress Is Ready to Buy
Investment Guru Wilbur Ross was interviewed by Fortune's Katie Benner . Ross made a name for himself by building a lucrative career finding gold in industries left for dead.
Categories: Mortgage Newswire
We Have the Bull Market, But What About Consumer Spending?
A year ago this week the S&P 500 hit its nefarious 666 level. Since that historic day, we have enjoyed a 68% appreciation in equities from their depressionary low.
Categories: Mortgage Newswire
The Peak Oil Crisis: The Looming Fiscal Storm
Revi Last week the stock markets soared when it was announced that the U.S. had lost only 36,000 jobs in February - less than Wall Street economists were predicting.
Categories: Mortgage Newswire
A New Short Sale Program to help Sellers Sell at a Loss?
We found this interesting, a new approach to the US foreclosure crisis. Rather than focusing on trying to keep defaulting owners in their homes, here's a new approach: paying some of them to leave.
Categories: Mortgage Newswire
Bank of America Hijacks Parrot, Forecloses Wrong House
Bank of America has a lot of explaining to do. According to a Pittsburgh, Pennsylvania woman, the bank took not only her home but also hung on to her parrot even after proof was offered Bank of America had the wrong house.
Categories: Mortgage Newswire
New Israeli investors get into NYC real estate
Over the past decade, a number of prominent Israeli investors have had their ups and downs investing in New York City real estate.
Categories: Mortgage Newswire
Amanda Zamora: Hard Times Update: Readers Share Tales of Foreclosure Schemes, Mortgage Misfortune
Last month, we put out a call for stories and photos to help document the effect that "Hard Times Profiteers" are having on distressed borrowers and others suffering financial hardship because of the recession.
Categories: Mortgage Newswire
real art of life
Mortgagesa love them or hate them; youa re likely to have a mortgage at some stage of your life.
Categories: Mortgage Newswire
Contrary to Popular Belief, You CAN Buy a Home in McLean Virginia for Under $1 Million
If you've been reading my blog for some time, live in the Northern Virginia area, or have been contemplating a move here , chances are you know that McLean, Virginia is one expensive community.
Categories: Mortgage Newswire