Jan 31
Less than 48 hours after it was specifically named as a target of a
state investigation of major bond rating agencies and insurers,
MBIA announced a record quarterly loss after writing
down $3.5 billion.
Jan 31
Wall Street has been gyrating as it considers the Bush Administration’s proposed economic stimulus plan and the Democrat controlled Congress’s response to it. The plan is largely based on tax cuts for businesses and small cash rebates to individuals and families which Washington apparently hopes will be quickly spent rather than saved or used to pay down debt. What is clearly missing in the current proposals is any mention of the terrible state of housing which started the current economic slide. There are a dozen places that the government could plug in and stimulate the housing/lending industry… Read More Now
Jan 31
Bend Oregon has seen some of the fastest growth in the nation in the last few years. Its population has grown steadily and real estate prices have risen dramatically. The real estate market has cooled down some now but there are still some opportunities out there for the smart investor. Sell and Buy Online […]
Jan 30
Is the U.S. heading for a recession?
It would seem if you’ve been watching the markets, news networks, or reading the business section, the answer would be a resounding yes. In my daily reading, I have come across two articles that represent either side of the argument.
Jan 30
The Federal Open Market Committee (FOMC, Fed) decided to reduce the Fed Funds Rate to 3.0%.
Jan 30
OTTAWA, Ontario, January 30, 2008 — The Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) announced today the appointment of Brian Johnston to CMHC’s Board of Directors. Mr. Johnston will sit on the board as a representative of the Ontario …
Jan 30
Mortgage interest rates for the week ended January 24
continued to fall and long term rates hit their lowest levels since the
spring of 2004 according to the results of Freddie Mac’s Primary Mortgage
Market Survey for the week ended January 24, 2008.
Jan 30
The risk of foreclosure is on a rapid rise nationally and, with a possible recession at hand, this spike in mortgage-defaults could last for years.
Jan 29
The sales of new houses continued to decline in December according to monthly data jointly released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Sales of new one-family houses during December were consummated at a seasonally adjusted annual rate of… Read More Now
Jan 29
RealtyTrac® an Irvine, California based firm that bills itself as
the “leading online marketplace” released its 2007 U.S. Foreclosure
Market Report on Tuesday which revealed that, during 2007, more than
2.2 million foreclosure filings were logged against 1.3
million properties nationwide.
Jan 29
As predicted, special interest groups are chiming in with suggestions
as to what the economic stimulus package proposed by the Bush
Administration and being debated by Congress should contain.
Jan 29
The Washington Times - U DiamondRock Hospitality Co. , the Bethesda owner of 20 hotels in the U.S. and the … S. mortgage lender, were named as defendants in a lawsuit by New York state and … U The U.S. government received $3.7 billion in fourth-round bids in a sale of … The coming rust-belt […]
Jan 28
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in December decreased 4.7 percent compared to November’s numbers.
Jan 28
Date : Mon, 18 Jun 2007 10:40:14 EDT Foreclosures drift to Sun Belt from Rust Belt For sheer volume, housing foreclosures across the nation appear to be moving from the Rust Belt to the Sun Belt. Golden Palace Online Casino Welcome to the Golden Palace Online Gambling Casino. A complete shopping tool. Date : Fri, […]
Jan 28
One of the more colorful characters in the ongoing subprime drama has
given in to pressure and announced that he will forfeit
about $37.5 million in severance pay and perks that were to accompany his
retirement.
Jan 28
The sales of new houses continued to decline in
December according to monthly data jointly released by the U.S. Census
Bureau and the U.S. Department of Housing and Urban Development.
Jan 27
5 miles of Ocean Beach frontage, sits right on the beach, walk out door onto sand and the ocean is steps away. 3 BR, 2 full baths, approx. 2,100 sq. ft. Very quiet setting. Garage. 2 story. Located 12 miles south of Newport, Oregon.
Jan 27
A buyer about to purchase a condo in Toronto wonders whether it would be better to purchase a single-family home instead. June Fletcher offers some pointers in her House Talk column.
Jan 26
Little People Discovering Animals Volume 3 Little people video #3-discovering animals here is the volume 3 of the little people videos!! Send your child on five captivating claymation adventures with the little people characters as they make exciting discoveries about their animal friends. There is Trading Places, Happy Birthday To Z0e, Faster Than A […]
Jan 26
The National Association of Realtors announced today that existing home sales in November were 0.4 percent higher than in October.