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Carolyn Warren better get a bodyguard. Her new tell-all on the mortgage industry exposes so many of the lending industry’s favorite frauds, every loan officer from Seattle to Miami is going to…
From the BLS: Job Openings and Labor Turnover Summary There were 3.2 million job openings on the last business day of May 2010, the U.S. Bureau of Labor Statistics reported today. The job openings rate was little changed over the month at 2.4 percent. The hires rate (3.4 percent) was…
An obviously upset Sam writes in: You think your world is all rainbows and puppies. Guess what? Karma will eventually bite you in the [rear]. Seven months ago I got fired from my job for no fault of my own the company was going under. Now I cant pay…
On Monday we showed cities with high and low shares of distressed properties in the Orange County market, according to a bi-weekly analysis by Steve Thomas of Altera Real Estate. Here are all cities: . City Active Listings Foreclosures and short sales % of Active Listings Aliso Viejo 215…
The Census Bureau reports : [T]otal May exports of $152.3 billion and imports of $194.5 billion resulted in a goods and services deficit of $42.3 billion, up from $40.3 billion in April, revised. May exports were $3.5 billion more than April exports of $148.7 billion. [May] imports were $5.5 billion…
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Want to start the small business of your dreams? Want to breathe new life into the one you already have? Small Business For Dummies, 3rd Edition provides authoritative guidance on every aspect…
From the Financial Times : Sagging Global Growth Requires Us to Act By Nouriel Roubini and Ian Bremmer It looks as if the global economy is heading for a serious slowdown this year. Emergency austerity programmes in some countries will put a drag on growth. Inventory adjustments will run…
Although a number of prominent lenders have left the market over the last eighteen months due to the global financial crisis, a new study has found that the reverse mortgage market continues to grow with total loans now exceeding $2.7 billion. The SEQUAL report found that reverse mortgages increased…
From James Kanter at the NY Times: European Ministers Weigh Details of Stress Test European Union finance ministers met Monday to start two days of discussions partly aimed at deciding how much information to reveal after they complete [stress] tests … “The European banking sector is, over all, resilient,” Olli…
The Sacramento Association of REALTORS® has been breaking out short sales for over a year now. They report monthly resales by equity sales (conventional resales), and distressed sales (Short sales and REO sales), and I’m following this series as an example to see mix changes in a distressed area. Click…