Billions in Bloat Uncovered in Beltway
For more: http://bit.ly/gFf1cT
A massive government study found overlapping and duplicative programs that cost taxpayers billions of dollars each year, including 15 different agencies overseeing food-safety laws, 20 separate programs to help the homeless and 80 programs for economic development.
Tuesday, March 1, 2011
Consumer spending cools as food, fuel costs climb
For more: http://bit.ly/9qWTDa
Consumer spending cooled more than forecast in January as rising food and fuel prices caused Americans to cut back on post-holiday visits to malls and restaurants.
For more: http://bit.ly/9qWTDa
Consumer spending cooled more than forecast in January as rising food and fuel prices caused Americans to cut back on post-holiday visits to malls and restaurants.
Monday, February 28, 2011
Housing: Is It Time to Buy?
For more: http://bit.ly/gkefRm
The relationship between the national housing market and local markets is breaking down—meaning buyers and sellers need to do some sleuthing to figure out what's happening on the neighborhood level. Here's what to look for.
For more: http://bit.ly/gkefRm
The relationship between the national housing market and local markets is breaking down—meaning buyers and sellers need to do some sleuthing to figure out what's happening on the neighborhood level. Here's what to look for.
Why 2011 May Be the End of the Housing Crash
For more: http://bit.ly/gv71m0
There might finally be some good news this year about the nation's dismal housing market. Home prices may be approaching their post-crash bottom, say some housing experts. The trick is avoiding getting burned again, and it doesn't necessarily mean owning a home.
For more: http://bit.ly/gv71m0
There might finally be some good news this year about the nation's dismal housing market. Home prices may be approaching their post-crash bottom, say some housing experts. The trick is avoiding getting burned again, and it doesn't necessarily mean owning a home.
Only 1 in 4 Got Mortgage Relief
For more: http://bit.ly/ibo46D
Just one in four of the 2.7 million homeowners who sought to participate in the Obama administration's mortgage assistance program have succeeded in getting their monthly payments reduced and been able to make them in a timely manner.
For more: http://bit.ly/ibo46D
Just one in four of the 2.7 million homeowners who sought to participate in the Obama administration's mortgage assistance program have succeeded in getting their monthly payments reduced and been able to make them in a timely manner.
Sunday, February 27, 2011
Mortgage rates decrease, while mortgage applications increase
For more: http://bit.ly/ibdTHv
Mortgage rates decreased last week, while total mortgage applications subsequently increased, according to recent data from the Mortgage Bankers Association.
For more: http://bit.ly/ibdTHv
Mortgage rates decreased last week, while total mortgage applications subsequently increased, according to recent data from the Mortgage Bankers Association.
F.H.A. to Raise Insurance Premiums
For more: http://nyti.ms/eqMIIf
FEDERAL Housing Administration mortgages, the government-insured loans that have surged in popularity in recent years, will be getting slightly more expensive this spring.
For more: http://nyti.ms/eqMIIf
FEDERAL Housing Administration mortgages, the government-insured loans that have surged in popularity in recent years, will be getting slightly more expensive this spring.
Waiting Seven Years for Two Answers
For more: http://nyti.ms/gyhIZf
WHEN Zella Mae Green of Georgia filed for bankruptcy to save her home from foreclosure in 2004, she and her lawyer wanted to know two things: Did she actually owe any back payments on her mortgage? And, if so, to whom?
For more: http://nyti.ms/gyhIZf
WHEN Zella Mae Green of Georgia filed for bankruptcy to save her home from foreclosure in 2004, she and her lawyer wanted to know two things: Did she actually owe any back payments on her mortgage? And, if so, to whom?
Saturday, February 26, 2011
Biggest Fish Face Little Risk of Being Caught
For more: http://nyti.ms/hhIUWY
Two and a half years after the world’s financial system nearly collapsed, you’re entitled to wonder whether any of the highly paid executives who helped kindle the disaster will ever see jail time — like Michael Milken in the 1980s, or Jeffrey Skilling after the Enron disaster. Increasingly, the answer appears to be no. The harder question, though, is whether anybody should.
For more: http://nyti.ms/hhIUWY
Two and a half years after the world’s financial system nearly collapsed, you’re entitled to wonder whether any of the highly paid executives who helped kindle the disaster will ever see jail time — like Michael Milken in the 1980s, or Jeffrey Skilling after the Enron disaster. Increasingly, the answer appears to be no. The harder question, though, is whether anybody should.
3 Banks Warn of Big Penalties in Mortgage Inquiries
For more: http://nyti.ms/fM9trC
Several big banks warned investors on Friday that they could face sizable financial penalties as a result of state and federal investigations into abusive mortgage practices.
For more: http://nyti.ms/fM9trC
Several big banks warned investors on Friday that they could face sizable financial penalties as a result of state and federal investigations into abusive mortgage practices.
Friday, February 25, 2011
Sluggish new-home sales drag on economy's growth
For more: http://bit.ly/9qWTDa
Nationwide sales of new homes plummeted in January, and businesses ordered fewer long-lasting goods. But the number of people applying for unemployment benefits has fallen over the past four weeks to the lowest level in 2 1/2 years.
For more: http://bit.ly/9qWTDa
Nationwide sales of new homes plummeted in January, and businesses ordered fewer long-lasting goods. But the number of people applying for unemployment benefits has fallen over the past four weeks to the lowest level in 2 1/2 years.
Freddie Mac Executive Receives Wells Notice
For more: http://nyti.ms/gKfROj
Securities regulators may soon file civil charges against a top executive at the mortgage finance company Freddie Mac, according to a public filing released on Thursday.
For more: http://nyti.ms/gKfROj
Securities regulators may soon file civil charges against a top executive at the mortgage finance company Freddie Mac, according to a public filing released on Thursday.
Former Mortgage Officer Admits to Fraud
For more: http://nyti.ms/eQCNdk
The former treasurer, Desiree Brown, 45, pleaded guilty on Thursday in federal court in Alexandria, Va., to wire fraud, securities fraud,
For more: http://nyti.ms/eQCNdk
The former treasurer, Desiree Brown, 45, pleaded guilty on Thursday in federal court in Alexandria, Va., to wire fraud, securities fraud,
Thursday, February 24, 2011
U.S. Pushes Mortgage Deal
For more: http://bit.ly/fJBS2X
The Obama administration is trying to push through a settlement over mortgage-servicing breakdowns that could force America's largest banks to pay for reductions in loan principal worth billions of dollars.
For more: http://bit.ly/fJBS2X
The Obama administration is trying to push through a settlement over mortgage-servicing breakdowns that could force America's largest banks to pay for reductions in loan principal worth billions of dollars.
Foreclosures and Cash Deals Bolster U.S. Home Resales
For more: http://nyti.ms/fnsmxq
More people bought previously occupied homes in January, but sales increased on a rising number of foreclosures and all-cash deals.
For more: http://nyti.ms/fnsmxq
More people bought previously occupied homes in January, but sales increased on a rising number of foreclosures and all-cash deals.
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