This is a follow up on the previous post on short sales and 2nd liens . (the previous post had excerpts from the NY Times, Short-Sale Program to Pay Homeowners to Sell at a Loss and WSJ Home-Saving Loans Afoot … Read More
From the BLS: Regional and State Employment and Unemployment Summary Thirty states and the District of Columbia recorded over-the-month unemployment rate increases , 9 states registered rate decreases, and 11 states had no rate change, the U.S. Bureau of Labor … Read More
A weird sequence of events has caused me to find myself all alone over the coming weekend. My wife is visiting her sister, while my two children are visiting their grandparents. This leaves me with two full days without any … Read More
The MBA reports: Purchase Applications Increase in Latest MBA Weekly Survey The Market Composite Index, a measure of mortgage loan application volume, increased 0.5 percent on a seasonally adjusted basis from one week earlier. … The Refinance Index decreased 1.5 … Read More
From Shahien Nasiripour at the Huffington Post: Obama Foreclosure-Prevention Plan Lagging, New Data Shows Only about a third of the homeowners who have successfully completed the trial period of the Obama administration’s mortgage modification program have been offered permanent relief, … Read More
A couple of articles about vacant or near vacant high rise condo towers in Florida … From the News-Press: Sole occupant of 32-story Fort Myers condo wants out (ht several) Victor Vangelakos is the only buyer to take possession of … Read More
Real estate appraisers today announced their opposition to part of an Obama administration plan to pay homeowners in trouble to move if they agree to a short sale, saying the program will lead to mortgage fraud. . Under the plan, which takes effect April 5, … Read More
One of the important points NY Fed VP Brian Sack made in his speech yesterday was the need for clear communication: [T]his tightening cycle, when it arrives, will be more complicated than past cycles, as there will be more decision … Read More
I’m going to share with you excerpts from seven different emails I’ve received from readers in the last few days. Kenny: I listened to your radio discussion with Vicki Robin and I was really intrigued by the whole five year … Read More
From the BLS: Job Openings and Labor Turnover Summary There were 2.7 million job openings on the last business day of January 2010, the U.S. Bureau of Labor Statistics reported today. The job openings rate rose over the month to … Read More