Saturday, October 29, 2011
NYTimes: Handling High Closing Costs
Some lenders will offer borrowers a credit toward closing costs if they accept a mortgage interest rate higher than they would ordinarily qualify for.
NYTimes: Savings Rate Is Dropping, and Experts Are Puzzled
With the latest decline in savings, some are asking whether consumers are returning to their old spending habits, while others wonder if the new data is even true.
Friday, October 28, 2011
NYTimes: U.S. Economy Picks Up Pace, Averting a Stall
Gross domestic product grew at a 2.5 percent annual rate in the third quarter, an improvement but not enough to recover ground lost during the recession.
NYTimes: Economy Alters How Americans Are Moving
Uncertainty about home sales and jobs has kept millions of Americans in place, and upended a decades-long migration from the snowy North to the sunny South.
Thursday, October 27, 2011
NYTimes: Destroying Houses to Save Cities
Are banks helping or hurting a community by bulldozing foreclosed property?
Wednesday, October 26, 2011
NYTimes: Jobless Go Without, but Stay Hopeful, Poll Finds
A New York Times/CBS News poll found that despite enduring hardships and pessimism about the nation's economy, unemployed Americans remained optimistic about landing a job.
NYTimes: A Foolish Time to Cut Housing Aid
States and cities need more federal help to protect vulnerable citizens and curb homelessness. Congress should fully finance important housing programs.
NYTimes: Consumer Confidence Falls as Some Home Prices Rise
Home prices rose in August in half of the large cities measured by a private survey, a sign that prices are stabilizing in some hard-hit parts of the country.
Tuesday, October 25, 2011
NYTimes: In Cautious Times, Banks Flooded With Cash
With fewer attractive lending and investment options, it is harder for banks to make a healthy profit from the enormous amount in deposits.
Monday, October 24, 2011
NYTimes: Administration Proposes Changes to Mortgage Refinancing Program
The overhaul, which will still take months to implement, will let people qualify for new loans no matter how far the value of their homes have declined, and without regard to their financial situations.
Sunday, October 23, 2011
How Mr. Volcker would fix it
The real treasures were found in his to-do list for further reforms.
More from NYT: http://www.nytimes.com/2011/10/23/business/volckers-advice-for-more-financial-reform.html
More from NYT: http://www.nytimes.com/2011/10/23/business/volckers-advice-for-more-financial-reform.html
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