This is an unofficial list of Problem Banks. Changes and comments from surferdude808: Another week with significant changes to the Unofficial Problem Bank List as the FDIC released its enforcement actions for August. We will not get another release from … Read More

Mortgage rates last week dipped below 5% nationally for the first time since May — in Orange County rates have hovered around 5% for several weeks, sometimes over and sometimes under. Of course,  those rates are slightly misleading; borrowers generally … Read More

From the FDIC : First Citizens Bank and Trust Company, Incorporated, Columbia, South Carolina, Assumes All of the Deposits of Georgian Bank, Atlanta, Georgia Georgian Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, which … Read More

Michelle at Footnoted.org digs up the employment contract for Freddie Mac’s new CFO: Taxpayer funded signing bonus at Freddie Mac? • annual compensation of $3.5 million (this includes $675K in salary, $1.6 million in something called “additional annual salary” and … Read More

From the American Trucking Association: ATA Truck Tonnage Index Rose 2.1 Percent in August Click on graph for slightly larger image in new window. The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.1 percent in … Read More

For graphs based on the new home sales report this morning, please see: New Home Sales Flat in August The following graph is a turnover ratio for existing home sales. This is annual sales and year end inventory divided by … Read More

The Census Bureau reports New Home Sales in August were at a seasonally adjusted annual rate (SAAR) of 429 thousand. This is a slight increase from the revised rate of 426 thousand in July (revised from 433 thousand). Click on … Read More

From the Census Bureau: New orders for manufactured durable goods in August decreased $4.0 billion or 2.4 percent to $164.4 billion, the U.S. Census Bureau announced today. This was the second decrease in the last three months. This followed a … Read More

Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… John in Long Beach writes: Q. I’m recently retired and … Read More

If you have been thinking about doing an FHA Streamline Refinance in New Jersey , you should be aware of the changes that are coming very soon. FHA has released these changes which will go into effect as of November … Read More