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Saturday, June 11, 2011
ABCNews.com: For Real Estate, a Giant Spring Clearance Sale
http://abcnews.go.com/Business/wireStory?id=13221705
NYTimes: Changes in Refinancing
From The New York Times:
MORTGAGES: Changes in Refinancing
Fewer borrowers refinancing their loans are looking to cash out — in fact, some are actually putting in more cash in order to increase equity.
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NYTimes: Critic of Mortgage Modification Program
From The New York Times:
BUCKS BLOG: Critic of Mortgage Modification Program
A law professor said that Treasury's crackdown on banks for their mishandling of mortgage modifications is an important step, but the program remains fundamentally flawed.
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NYTimes: Federal Reserve Will Require More Banks to Submit Capital Plans
From The New York Times:
Federal Reserve Will Require More Banks to Submit Capital Plans
The Federal Reserve said it wanted the 35 largest banks to submit plans to increase dividends or to buy back stock for its approval, beginning early next year.
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NYTimes: Revealing Hidden Costs of Your 401(k)
From The New York Times:
YOUR MONEY: Revealing Hidden Costs of Your 401(k)
Administrative fees in many retirement plans can be substantial, and they aren't always levied equitably.
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NYTimes: Stocks Plunge Amid Fears That Global Economy Is Slowing
From The New York Times:
STOCKS AND BONDS: Stocks Plunge Amid Fears That Global Economy Is Slowing
The Dow closed below 12,000 for the first time since March, suggesting that one of the few bright spots for the United States economy may be starting to fade.
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Friday, June 10, 2011
Chronic unemployment worse than Great Depression
There is an unfortunate adage for the unemployed: The longer folks are out of a job, the longer it takes them to find a new one. CBS News corresp...
http://www.cbsnews.com/stories/2011/06/05/eveningnews/main20069136.shtml
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Download CBS News for the iPad here.
http://www.cbsnews.com/stories/2011/06/05/eveningnews/main20069136.shtml
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Download CBS News for the iPad here.
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NYTimes: Big Banks Penalized for Performance In Mortgage Modification Program
From The New York Times:
Big Banks Penalized for Performance In Mortgage Modification Program
The Treasury is withholding payments from Bank of America, JPMorgan Chase and Wells Fargo because of their performance in modifying loans for homeowners.
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Thursday, June 9, 2011
Article: 30-year fixed mortgage falls to 4.55 percent | NWCN.com Washington - Oregon - Idaho
30-year fixed mortgage falls to 4.55 percent | NWCN.com Washington - Oregon - Idaho
http://www.nwcn.com/news/business/30-year-fixed-mortgage-falls-to-455-percent-123543104.html
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NYTimes: Housing for the Wounded
From The New York Times:
EDITORIAL: Housing for the Wounded
A class-action lawsuit seeks homes for disabled veterans left on Los Angeles streets.
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NYTimes: How to Avoid Credit Card Problems Abroad
From The New York Times:
PRACTICAL TRAVELER: How to Avoid Credit Card Problems Abroad
For years, American travelers have had trouble using their credit cards in other countries. Now some card issuers are trying to do something about it.
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NYTimes: Angry Homeowners ‘Foreclose’ on Lenders
From The New York Times:
BUCKS BLOG: Angry Homeowners 'Foreclose' on Lenders
A couple in Naples, Fla., have "foreclosed" on a Bank of America branch after the bank managed to foreclose on their home — even though they never had a mortgage on it.
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NYTimes: Mortgage Market Must Be Balanced
From The New York Times:
REUTERS BREAKINGVIEWS: Mortgage Market Must Be Balanced
As the government and private industry rewrite home mortgage rules, it is crucial that they settle on the correct size of the future mortgage market.
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NYTimes: Hour by Hour, a Measure of Economic Stress
From The New York Times:
ECONOMIX BLOG: Hour by Hour, a Measure of Economic Stress
The decline in production workers' hours makes clear the depth of the economic downturn.
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NYTimes: Fed Says Economy Is Growing, but at Uneven Pace
From The New York Times:
Fed Says Economy Is Growing, but at Uneven Pace
Most of the 12 districts in the Federal Reserve's report showed expansion in April and May, but New York, Philadelphia, Atlanta and Chicago slowed.
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NYTimes: Banks Defeated in Senate Vote on Debit Card Fees
From The New York Times:
Banks Defeated in Senate Vote on Debit Card Fees
The Senate rejected a delay on regulations over debit card fees, essentially leaving it to the Federal Reserve to limit the fees that stores pay banks.
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NYTimes: The Banking Emperor Has No Clothes
From The New York Times:
ECONOMIX BLOG: The Banking Emperor Has No Clothes
Treasury Secretary Timothy F. Geithner seems to be marching determinedly in the wrong direction on banking regulation, an economist writes.
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Wednesday, June 8, 2011
Article: Fewer homeowners are underwater on mortgages - Real Estate - Wire - TheSunNews.com
Fewer homeowners are underwater on mortgages - Real Estate - Wire - TheSunNews.com
http://www.thesunnews.com/2011/06/07/2206925/fewer-homeowners-are-underwater.html
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NYTimes: Are Serious Errors Lurking in Your Credit Report?
From The New York Times:
BUCKS: Are Serious Errors Lurking in Your Credit Report?
A study paid for by the credit bureaus found few meaningful errors on consumers' credit reports, but consumer advocates are skeptical of the results.
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Tuesday, June 7, 2011
NYTimes: The Fine Print of Goldman's Subprime Bet
From The New York Times:
DEALBOOK: The Fine Print of Goldman's Subprime Bet
The Senate report about the subprime position of Goldman Sachs includes enough errors to raise some red flags about its conclusions.
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NYTimes: Financial Overhaul Is Mired in Detail and Dissent
From The New York Times:
Financial Overhaul Is Mired in Detail and Dissent
Regulators have fallen behind in setting the rules that were mandated by last year's Dodd-Frank law.
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Monday, June 6, 2011
Article: Naples Couple Threatens Bank of America with Foreclosure | firstcoastnews.com
Naples Couple Threatens Bank of America with Foreclosure | firstcoastnews.com
http://www.firstcoastnews.com/news/strange/article/206730/82/Couple-Threatens-Bank-with-Foreclosure?odyssey=mod%7Cnewswell%7Ctext%7CFRONTPAGE%7Cp
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Article: Home sweet foreclosed home: Queens man returns to home after judge overrules bank's foreclosure
Home sweet foreclosed home: Queens man returns to home after judge overrules bank's foreclosure
http://www.nydailynews.com/money/2011/06/05/2011-06-05_home_sweet_foreclosed_home_queens_man_returns_to_home_after_judge_overrules_bank.html
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Article: Bank of America Gets Pad Locked After Homeowner Forecloses On It | digtriad.com
Bank of America Gets Pad Locked After Homeowner Forecloses On It | digtriad.com
http://www.digtriad.com/news/watercooler/article/178031/176/Florida-Homeowners-Foreclose-On-Bank-Of-America
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Article: Congress, attorneys general push for mortgage industry reforms | OregonLive.com
Congress, attorneys general push for mortgage industry reforms | OregonLive.com
http://www.facebook.com/extern/login_status.php?api_key=132333146781779&app_id=132333146781779&channel_url=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%3Fversion%3D3%23cb%3Df16df3773c%26origin%3Dhttp%253A%252F%252Fwww.oregonlive.com%252Ff3a34ffeb%26relation%3Dparent.parent%26transport%3Dpostmessage&display=hidden&extern=2&locale=en_US&next=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%3Fversion%3D3%23cb%3Df298ebd34c%26origin%3Dhttp%253A%252F%252Fwww.oregonlive.com%252Ff3a34ffeb%26relation%3Dparent%26transport%3Dpostmessage%26frame%3Df1357d3d88%26result%3D%2522xxRESULTTOKENxx%2522&no_session=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%3Fversion%3D3%23cb%3Df3a9d00d4%26origin%3Dhttp%253A%252F%252Fwww.oregonlive.com%252Ff3a34ffeb%26relation%3Dparent%26transport%3Dpostmessage%26frame%3Df1357d3d88&no_user=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%3Fversion%3D3%23cb%3Df2235a8ed4%26origin%3Dhttp%253A%252F%252Fwww.oregonlive.com%252Ff3a34ffeb%26relation%3Dparent%26transport%3Dpostmessage%26frame%3Df1357d3d88&ok_session=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%3Fversion%3D3%23cb%3Df2c847973%26origin%3Dhttp%253A%252F%252Fwww.oregonlive.com%252Ff3a34ffeb%26relation%3Dparent%26transport%3Dpostmessage%26frame%3Df1357d3d88&sdk=joey&session_origin=3&session_version=3
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Article: Efforts to spare unemployed from foreclosure stall - The Boston Globe
Efforts to spare unemployed from foreclosure stall - The Boston Globe
http://www.boston.com/realestate/news/articles/2011/06/05/efforts_to_spare_unemployed_from_foreclosure_stall/
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Sunday, June 5, 2011
NYTimes: How the Debt Ballooned, and How to Deflate It
From The New York Times:
LETTERS: How the Debt Ballooned, and How to Deflate It
The Fair Game column echoed what historians already know — that nations with empires to maintain soon run out of money to maintain them.
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NYTimes: For the Jobless, Little U.S. Help on Foreclosure
From The New York Times:
For the Jobless, Little U.S. Help on Foreclosure
Programs already plagued by delays and poor participation were not designed to fully address unemployment, now the primary cause of foreclosures.
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The Washington Post: Housing bust still hurts in Fla.
I thought you would like this article from The Washington Post for iPad
Housing bust still hurts in Fla.
http://wapo.st/iqphQS
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