Senator James Inhofe has revealed that Henry Paulson was behind the threats of martial law and a new great depression prior to the passage of the bailout bill, having made such warnings during a conference call on September 19th, around two weeks before the legislation was eventually approved by both the Senate and Congress.
Gold. People either love it or hate it. There aren’t many who feel ambivalent toward it. Unfortunately, gold is deeply misunderstood by investors, and that misunderstanding is hurting their portfolio returns. Many in the investment community trot out the old myths about gold: that it is a bad investment; that it is very risky; that it is not a g......
The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait's daily Al-Seyassah reported Thursday.
Quoting "highly informed" sources, the daily said Washington has asked Saudi Arabia for 120 billion dollars, the United Arab Emirates for 70 billion dolla......
The reasons for the H4H failure are simple - banks do not want to participate because they have to write first mortgage principal balances down too much and waive second mortgage liens. Getting a bank to waive principal is next to impossible as you know. That is the primary reason that every foreclosure prevention plan brought forth has faile......
Citigroup is blaming shorts when the short interest is under 3%. That's ridiculous. If Citigroup does not understand this, it is a sign of incompetence. If Citigroup does understand how ridiculous their claim looks (and is), that is additional support for the desperation thesis.
Note the dividend. Citigroup is paying a dividend wh......
"Our research told us that US markets were likely to begin in 2008 to experience a bear market that more or less tracked the Nikkei during the first year of the Japanese debt deflation in 1990, off 40%." -- Advantage, iTulip -- the Dow has now caught up (caught down?) and is down by at least this much. Right on schedule......
A tipster alerted us that Velocity Commercial Capital was no longer doing business. This was confirmed when we called their offices, first on the east then west coast......
Democratic leaders said Thursday that Congress would return in December to consider extending a $25 billion lifeline for troubled U.S. automakers if the companies devise a "viable" recovery plan.
Thornburg managed to buy back 72.2% of its preferred shares prior to the expiration of an extended offer, but announced Wednesday it had failed to make a $12.2 million interest payment on Senior Notes "because it currently does not have available funds to do so.......
"Reflection time - earlier in the year I put together a chart for my own personal use showing all financial institutions Level 1, 2 and 3 assets vs their shareholder equity, tier capital etc. After not too long I realized it was a fairly good guide to troubled financial institutions.......
Fannie Mae and Freddie Mac are putting a temporary halt to foreclosure sales and evictions of occupied single-family homes during the holiday season.
It’s not just that the government-controlled mortgage finance companies have gotten into the holiday spirit. The idea of the suspension, which will last from Nov. 26 to Jan. 9, is to hel......
The builders are about as pessimistic as they've ever been. Yesterday, we learned that the National Association of Home Builders/Wells Fargo Housing Market Index, which tracks builder sentiment, fell to a record low of 9 in November (sinking from an already low 14 in October).
Today we found out that housing starts fell 4.5% in Octob......
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 ......
(CEP News) - Still, he said, further rate easing is possible in light of the dismal economic data coming out of the United States. Markets are currently fully priced in for a 50 basis point cut at the Fed's meeting in December, at 31% priced in for ......
(CEP News) - Tom Fitzpatrick, chief technical analyst at CitiFX, said the decline in two-year yields below the Fed funds rate is a sure sign of further easing. He said there has been a perfect correlation for the past 25 years. 'We got confirmation w......
By Alister Bull EVANSVILLE, Ind., Nov 20 (Reuters) - Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official sai......
EVANSVILLE, Ind., Nov 20 (Reuters) - Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official said on Thursday. 'A......
EVANSVILLE, Indiana (Reuters) - Deflation would be very damaging to the United States economy and with nominal interest rates already very low, quantitative easing may be needed to keep it at bay, a top Federal Reserve official said on Thursday. 'A......
(RTTNews) - St. Louis Federal Reserve Bank president James Bullard said Thursday that the U.S. economy is in a recession, and the economy is likely to continue to shrink in the first quarter of 2009. The economy continues to face 'substantial turmoil,......
(RTTNews) - St. Louis Federal Reserve Bank president James Bullard said Thursday that the U.S. economy is in a recession, and the economy is likely to continue to shrink in the first quarter of 2009. The economy continues to face 'substantial turmoil,......
St. Louis Federal Reserve Bank president James Bullard said Thursday that the U.S. economy is in a recession, and the economy is likely to continue to shrink in the first quarter of 2009. The economy continues to face 'substantial turmoil,' he said......
Business conditions in the Philadelphia manufacturing sector, an indicator for the nation, fell again in November after a historic plunge in October, the Federal Reserve Bank of Philadelphia said this morning. The broadest measure of manufacturin......
Today’s Current Mortgage Interest Rates October 29 2007. Fixed mortgage rates are UNCHANGED from Friday October 26 2007, while adjustable mortgage rates are UNCHANGED - Today’s 30 Year, 15 Year Fixed are UNCHANGED- while as the 5/1, the 3/1 ARM Mortgage Interest Rates are UNCHANGED as well . The 10 year bond is UP slightly to 4.40%......
October 29 2007 New York State Mortgage Rates - the 30 Year Fixed Mortgage Rate remains UNCHANGED, 15 Year Fixed Mortgage Rate Average UNCHANGED, Adjustable rate mortgages 3/1 UNCHANGED, 5/1 UNCHANGED from Friday October 26th 2007......
Today’s Current Mortgage Interest Rates October 26 2007. Fixed mortgage rates are UNCHANGED from Thursday October 25 2007, while adjustable mortgage rates are UNCHANGED - Today’s 30 Year, 15 Year Fixed are UNCHANGED- while as the 5/1, the 3/1 ARM Mortgage Interest Rates are UNCHANGED as well . The 10 year bond is UP slightly to 4.40%......
October 26 2007 New York State Mortgage Rates - the 30 Year Fixed Mortgage Rate UNCHANGED, 15 Year Fixed Mortgage Rate Average UNCHANGED, Adjustable rate mortgages 3/1 UNCHANGED, 5/1 UNCHANGED from Thursday October 25th 2007......
New York State Mortgage Rates October 25 2007. Fixed mortgage rates are UNCHANGED from Wednesday October 24 2007, while adjustable mortgage rates are UNCHANGED - Today's 30 Year, 15 Year Fixed are UNCHANGED- while as the 5/1, the 3/1 ARM Mortgage Interest Rates are UNCHANGED as well . The 10 year bond is UP slightly to 4.34%......
Today’s Current Mortgage Interest Rates October 25 2007. Fixed mortgage rates are UNCHANGED from Wednesday October 24 2007, while adjustable mortgage rates are UNCHANGED - Today’s 30 Year, 15 Year Fixed are UNCHANGED- while as the 5/1, the 3/1 ARM Mortgage Interest Rates are UNCHANGED as well . The 10 year bond is UP slightly to 4.34%......
Today's Current Mortgage Interest Rates October 24 2007. Fixed mortgage rates are UNCHANGED from Tuesday October 23 2007, while adjustable mortgage rates are UNCHANGED - Today's 30 Year, 15 Year Fixed are UNCHANGED- while as the 5/1, the 3/1 ARM Mortgage Interest Rates are UNCHANGED as well . The 10 year bond is UP slightly to 4.37%......
Today’s Current Mortgage Interest Rates October 23 2007. Fixed mortgage rates are UNCHANGED from Monday October 19 2007, while adjustable mortgage rates are UNCHANGED - Today’s 30 Year, 15 Year Fixed are UNCHANGED- while as the 5/1, the 3/1 ARM Mortgage Interest Rates are UNCHANGED as well . The 10 year bond is UP slightly to 4.43%......
Today’s Current Mortgage Interest Rates October 22 2007. Fixed mortgage rates are UNCHANGED from Friday October 19 2007, while adjustable mortgage rates are UNCHANGED - Today’s 30 Year, 15 Year Fixed are UNCHANGED- while as the 5/1, the 3/1 ARM Mortgage Interest Rates are UNCHANGED as well . The 10 year bond is DOWN slightly to 4.39%......
Today’s Current Mortgage Interest Rates October 19 2007. Fixed mortgage rates are UNCHANGED from Thursday October 18 2007, while adjustable mortgage rates are UNCHANGED - Today’s 30 Year, 15 Year Fixed are UP - while as the 5/1, the 3/1 ARM Mortgage Interest Rates are UNCHANGED as well . The 10 year bond is DOWN slightly to 4.47%......
EVANSVILLE, Indiana (Reuters) - St Louis Federal Reserve President James Bullard said on Thursday that financial market turmoil has collapsed U.S. consumer confidence and this would weigh on growth well into next year......
NEW YORK (Reuters) - Citigroup Inc is looking at multiple options as its share price sinks, including selling businesses, selling shares, or merging with another firm, a person familiar with the matter said......
NEW YORK (Reuters) - Bank of New York Mellon Corp on Thursday said it plans to cut 1,800 jobs as falling equity markets reduce the assets it oversees, cutting into potential profit......
SAN FRANCISCO (Reuters) - Dell Inc, the world's No. 2 PC maker, posted a better-than-expected quarterly profit on Thursday as cost cuts offset lower revenue, sending its shares up about 6 percent......
WASHINGTON (Reuters) - U.S. savings and loan losses and provisions for soured loans declined in the third quarter, the industry's regulator said on Thursday, releasing figures that excluded Washington Mutual, the nation's biggest thrift that was sold in September......
NEW YORK (Reuters) - Shares of Ambac Financial Group rose more than 80 percent on Thursday, after it reached an agreement to cancel contracts covering structured debt valued at $3.5 billion, allowing it to reduce loss reserves......
Luxury Vacation Resort Homes are a great hedge for investing in this tough real estate market.Fractional ownership is becoming the hot trend and is a good investment, especially for foreign investors. With the U.S. dollar value extremely weak now is the time to buy......
Believe it or not, there may just be an upside to the slow housing market. There is a lot more bad news out there than good news, with record numbers of foreclosures, the largest inventory of homes for sale ever, and a mortgage industry that is increasingly stingy with loans. What could possibly be good when so many things are bad......
The purpose of this article is to give a friendly whack upside the head to people who own rental property. You probably made a good investment when you first bought the property. But have you owned it too long......
An experienced commercial real estate investor knows a good deal when it presents itself. Sometimes these deals pop up unexpectedly, and sometimes an investor may find a proverbial diamond in the rough. When a good commercial deal with the potential for excellent financial returns is high and an investor is in need of quick or hard-to-get funds, ......
If you have made the decision after reading "First time Buyer's Dilemma: Rent or Buy - Part 1" that you may be in the market for wanting to buy a home, the next factor to consider is your own financial situation.
Ideally, this should be investigated and a plan should be devised before you start looking at homes. This is because it can be excitin......
If you buy a home, it will probably be the biggest financial investment that you will make in your life. It is a choice which some people choose never to make, preferring to spend their savings on luxury vacations or their own business. However, there does come a time, usually when people are older, when the wisdom of buying your own home pays off.......
The term commercial real estate means real estate assets that are used for business operations. Commercial real estate can be leased or owned. Commercial property may include a wide variety ranging from office buildings, retail space, and large warehouse to industrial facilities......
Becoming a mortgage broker is no longer a lucrative career option these days. It was possible to earn a six figure income easily by entering the mortgage sector as a mortgage broker. Because of the sub prime mortgage meltdown, mortgage brokers are seeing their businesses disappear very quickly......
During this difficult time for home owners getting the right price tag is more important than even. All property shows advise that showing your house in the best possible light will make a sale more probable, but it has become essential to add those extra thousands on the asking price that will mean either a profit or a loss on a property. A Londo......
By George W. Mantor
RISMEDIA, November 21, 2008-Lost among the bank failures and resale downsizing has been the plight of new home sales and marketing companies.Share This With a Friend
RISMEDIA, November 21, 2008-This week's headlines from the NATIONAL ASSOCIATION OF REALTORS include: e-PRO special offer extended; join in the NAR Centennial celebration and enter for your chance to win a new NAR Green Designation package; and help ease your clients' confusion on buying a home with this REALTOR Benefits® ...
By Sheryl Jean
RISMEDIA, November 21, 2008-(MCT)-Corporate real estate executives are less likely to pay a premium for green office space than a year ago, even though more of them place a higher priority on sustainability, according to a survey released this month by CoreNet Global and Jones Lang LaSalle.
"A year ...
RISMEDIA, November 21, 2008-(MCT)-With no end to the foreclosure epidemic in sight, mortgage lenders have begun to do something they previously resisted: rewriting the terms of mortgage loans.
The about-face is a bow to political pressure and reality: The number of foreclosed properties flooding the market is dragging down home values ...
Crye-Leike, Realtors Cleveland, Tennessee auction team prepares to sell the most recognized space house on the planet, Sunday December 14, 2008 at 2 p.m.
RISMEDIA, November 21, 2008-To most observers, the legendary Space House on Signal Mountain, Tennessee sold to the highest bidder during a highly publicized Reserve Auction back on ...
By Robin Roenker
RISMEDIA, November 21, 2008-(MCT)-They say necessity is the mother of invention, but Louie Stotz feels God's hand was there, too, that Thanksgiving day 31 years ago when he came up with the idea for The Thanksgiving Game.Share This With a Friend
Changes will allow more struggling families to use the program and keep their homes
RISMEDIA, November 21, 2008-U.S. Housing and Urban Development Secretary Steve Preston has announced that the HOPE for Homeowners (H4H) Board of Directors has approved changes to the program to help more distressed borrowers refinance into affordable, government-......
RISMEDIA, November 21, 2008-Viscape, an online platform to connect vacationers with vacation home owners and vacation real estate, has announced its official launch. Seizing the convergence between the Internet, social media, vacation real estate and travel planning, Viscape forges a vibrant community where travelers can find the perfect vacation h......
Sherry Chris selected to speak on residential real estate market at symposium in San Francisco
RISMEDIA, November 21, 2008-Better Homes and Gardens Real Estate LLC has announced that its president and CEO, Sherry Chris, has been selected to speak at the Fisher Center for Real Estate and Urban Economics' 31st Annual ...
New-home construction tumbled to a record low last month, according to government data released yesterday, further proof that the housing sector's woes keep deepening.
The Federal Housing Administration yesterday said that after less than two months it is relaxing terms of a program designed to help troubled mortgage borrowers because so far the effort has not been effective.
The long arm of the global financial crisis reached down into Morena Parada's preschool classroom, where a little girl named Joeli Arias-Lopez painted bright green and orange splotches on an oversize easel and pronounced it a house. The High-Stakes Game of Raffling Off Your House
11/16/2008 11:00 PM
In the casino of the housing market, Tom Walters is holding the wrong cards. He's a mortgage broker, so business has been slow, and on his own house, payments have risen to about $6,200 -- too much to handle.
With a crush of visitors expected this Inauguration Day, hundreds of area residents are advertising their homes as temporary -- and top-dollar -- rentals over the four days leading up to Jan. 20. It's a brilliant solution to the lodging shortage, but let's pause a moment to examine the potential ...
In San Miguel de Allende, a place beloved for its preserved Spanish colonial architecture and aura of timeless charm, new developments for expatriates may threaten the lifestyle that drew them there.
Second-home owners and retirees are being drawn to Norris by its mild year-round climate and inexpensive housing — all complemented by proximity to the cities of Oak Ridge and Knoxville.
Three developers are vying for the right to transform a dilapidated pier in Chelsea into a three-level complex of museums, shops, markets, film centers and public space.
The developers say the building would open in 2013 and would serve as an anchor for Hudson Yards, one of the last parcels of underused land in Manhattan.
Publicly breaking with the Bush administration, the FDIC proposed to use $24 billion in government funding to help 1.5 million American households avoid foreclosure......
The 2009 outlook for the commercial real estate sector has turned suddenly bleak. Rents and vacancies at shopping centers and office buildings will suffer the most......
The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday......
All the foreclosure prevention plans announced to date will do little to help the next wave of delinquent homeowners, who can't make their monthly payments because they've lost their jobs.
The Bush administration said Wednesday that it was changing its nearly-moribund mortgage rescue plan in an effort to spark more lenders and homeowners to participate.
Mortgage giants Fannie Mae and Freddie Mac have directed their network of servicers to halt all foreclosure and eviction proceedings between Nov. 26 2008 and Jan. 9, 2009, meant to give a recently announced rescue plan time to work.
Homebuilders' confidence in the housing market again plunged to a record low, dragged down by poor financial market conditions, rising unemployment and consumer anxiety, a trade group said Tuesday.
Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982.
The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions.
National home prices, driven lower by a flood of foreclosures, plummeted by a record year-over-year 9% in the third quarter, according to a report issued Tuesday.
Mortgage giants Fannie Mae or Freddie Mac may back 30 million mortgages. But that doesn't mean that the new foreclosure prevention program announced this week by the Bush administration will rescue every troubled borrower on their books.
Luxury Vacation Resort Homes are a great hedge for investing in this tough real estate market.Fractional ownership is becoming the hot trend and is a good investment, especially for foreign investors. With the U.S. dollar value extremely weak now is the time to buy......
Believe it or not, there may just be an upside to the slow housing market. There is a lot more bad news out there than good news, with record numbers of foreclosures, the largest inventory of homes for sale ever, and a mortgage industry that is increasingly stingy with loans. What could possibly be good when so many things are bad......
The purpose of this article is to give a friendly whack upside the head to people who own rental property. You probably made a good investment when you first bought the property. But have you owned it too long......
An experienced commercial real estate investor knows a good deal when it presents itself. Sometimes these deals pop up unexpectedly, and sometimes an investor may find a proverbial diamond in the rough. When a good commercial deal with the potential for excellent financial returns is high and an investor is in need of quick or hard-to-get funds, ......
If you have made the decision after reading "First time Buyer's Dilemma: Rent or Buy - Part 1" that you may be in the market for wanting to buy a home, the next factor to consider is your own financial situation.
Ideally, this should be investigated and a plan should be devised before you start looking at homes. This is because it can be excitin......
If you buy a home, it will probably be the biggest financial investment that you will make in your life. It is a choice which some people choose never to make, preferring to spend their savings on luxury vacations or their own business. However, there does come a time, usually when people are older, when the wisdom of buying your own home pays off.......
The term commercial real estate means real estate assets that are used for business operations. Commercial real estate can be leased or owned. Commercial property may include a wide variety ranging from office buildings, retail space, and large warehouse to industrial facilities......
Becoming a mortgage broker is no longer a lucrative career option these days. It was possible to earn a six figure income easily by entering the mortgage sector as a mortgage broker. Because of the sub prime mortgage meltdown, mortgage brokers are seeing their businesses disappear very quickly......
During this difficult time for home owners getting the right price tag is more important than even. All property shows advise that showing your house in the best possible light will make a sale more probable, but it has become essential to add those extra thousands on the asking price that will mean either a profit or a loss on a property. A Londo......
Problems of merchant fraud and risk management in the acquiring space are nothing new. As merchant card acceptance services organizations within banks grew in the early days of the bankcard industry, either organically or through merger and consolidation, exposure to the various forms of risk associated with acquiring payment card transactions......
As the economic outlook declines, crime increases. And, for the business community, those who do not take action to protect their most valuable commodity - Information - the results can be devastating. Silka Gonzalez, president of Enterprise Risk Management, offers several steps that a company should take in order to identify, analyze and ......
Prepaid cash voucher company UkashTM integrates with eBIZ.mobility's innovative content purchasing solution, providing access to games, content, media downloads and online gambling to users of Ukash worldwide. (PRWeb Nov 19, 2008)
KeyScrambler® Premium 2.3 adds features to protect users' login credentials in Windows workstation, Active Directory Domain, and Windows Vista's User Account Control prompts (UAC). The enhancement helps safeguard confidential information from keyloggers at the workplace. (PRWeb Nov 19, 2008)
Melamedia's 5th Annual Year-End Review of Medical Privacy & Data Security Enforcement explores changes to expect in rules on patient and employee health data in Obama Administration Audio SeminarThursday, December 11, 20081 pm - 2:30 pm Eastern (PRWeb Nov 18, 2008)
825credit.com, a Chicago-based consumer credit resource Web site, has introduced a series of letter templates designed to help consumers improve their credit ratings and FICO scores. The letters, which are pre-formatted for use in a multitude of personal credit conflicts, may be quickly and easily customized via 825credit.com's free onlin......
MBR IT Solutions Ltd was approached by The Health Insurance Counter Fraud Group UK (HICFG) - an industry initiative to prevent and detect fraud within health care and the insurance sector - to devise and implement a bespoke software package that would allow its members to share intelligence on fraudsters who are using the private medical syste......
ParetoLogic Anti-Virus PLUS software has received checkmark approval from prestigious independent testing laboratory, West Coast Labs. Passing all four tests in its category, ParetoLogic's anti-virus/anti-spyware software is now West Coast Labs certified, providing consumers with confidence that ParetoLogic Anti-Virus PLUS is a quality an......
Debut of ControlGuard endpoint security product EAM 4.1 to be on display at SC World Congress 2008, the leading conference and expo for the information security industry. (PRWeb Nov 13, 2008)
Fannie Mae and Freddie Mac are putting a temporary halt to foreclosure sales and evictions of occupied single-family homes during the holiday season.
It’s not just that the government-controlled mortgage finance companies have gotten into the holiday spirit. The idea of the suspension, which will last from Nov. 26 to Jan. 9, is to hel......
The builders are about as pessimistic as they've ever been. Yesterday, we learned that the National Association of Home Builders/Wells Fargo Housing Market Index, which tracks builder sentiment, fell to a record low of 9 in November (sinking from an already low 14 in October).
Today we found out that housing starts fell 4.5% in Octob......
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 ......
If you're looking to do lease-options or simply rent out your home, you're going to need to use a written contract or form. We've got forms for download, and tons of resources to find forms we don't have.......
Local investment clubs are fantastic resources for real estate investors. Find the club closest to you, along with costs, and when and where they meet, here......