Suppose an individual has reverse credit and he is acquiring money from equity for his living expenses and in case the person dies then the company will allow his family members to repay the lump sum amount, if they want to retain their primary residence. On an average most…
From HotelNewsNow.com: STR: Economy segment tops occupancy increases Overall, in year-over-year measurements, the industry’s occupancy increased 1.0 percent to 57.1 percent. Average daily rate dropped 2.3 percent to US$93.93. Revenue per available room decreased 1.3 percent to US$53.61. Note: This was a difficult comparison because of the timing of Memorial…
In a positive move, the state government has just announced in its budget that
Here are two graphs from the Atlanta Fed weekly Financial Highlights released today (graph as of June 9th): UPDATE: As I noted, this data is as of June 9th (or earlier). The spreads narrowed today. Nemo has links to the data on the sidebar of his site . “The 10-year…
As I mentioned in the mailbag this morning, my father had emergency surgery due to a massive infection brought about by a dirty fish hook that got embedded in his arm. He’s going to be in the hospital for another day or two. We have a house full of…
Quote of the day via Bloomberg (ht Bob_in_MA): We do believe the recovery is strong,” Dominique Strauss-Kahn said in an interview with Bloomberg HT television in Istanbul. While rising debt levels are a risk to growth, mainly in Europe, authorities in the region “are now really committed to solve it”…
We’re less than a month away from Mortgage Revolution Orlando . I’m incredibly excited about it. Here are a few reasons why: 1) The Education: At MRev, you’ll see Todd Duncan like you’ve never seen him before – and with a message that will change you forever. I…
The Federal Reserve released the Q1 2010 Flow of Funds report today: Flow of Funds . According to the Fed, household net worth is now off $11.4 Trillion from the peak in 2007, but up $6.3 trillion from the trough in Q1 2009. A majority of the decline in net…
This is the new UCLA Anderson Forecast and Ceridian Corporation index using real-time diesel fuel consumption data: Pulse of Commerce Index TM Press Release : PCI Strikes Optimistic Note For U.S. Economy with 3.1 Percent Gain in May With a monthly increase not seen since February 1999, the Ceridian-UCLA Pulse…
From Freddie Mac’s weekly mortgage-rate survey for the week ending June 10: 30-year fixed-rate mortgage (FRM) averaged 4.72 percent — near the record low set on December 3, 2009 in that began in April 1971. Last week? 4.79 percent. Last year at this time, 5.59 percent. 15-year fixed this week…