The data rolling in about the economy is giving a mixed reading pointing to a weak recovery from the recession. Many do not feel the recovery is real. The shock of the recent crisis has made many individual investors shy away from the stock market as is evident from the huge withdrawals being made. The [...]
US Repos News and Articles
Find repo homes tips and get real estate advice for real estate through our articles and our videos.
The Housing Sector is Losing its Status as a Tool for Building Wealth
The housing sector has fainted but a time will come when it will recover from it. But many realtors are of the belief that it will never again provide the rewards similar to those it yielded during the latter half of the previous 20th century. At that time the house not only provided shelter but [...]
Mortgages of Today Have Been Fashioned for The Borrowers of Yesterday
It is now known to all what kicked off the mortgage crisis – over eager lenders, over reaching borrowers and loose regulations. But while those who craft policies hunt for a solution they have to understand that the mortgages of today have been fashioned for the borrowers of yesterday.
Till very recently the majority of Americans [...]
Applications for Mortgages Spiked as Consumers Started to Refinance at Rates that were the Lowest in Decades
The record breaking low mortgage rates are a boon to many. Mike and Caroline Asebrook have to plan for the college education of their three sons and they thought it great to wiggle out of their mortgage within years instead of decades. They held a 30 year old mortgage carrying 6.125% [...]
Unemployment has Meant Increase in Military Enrolment
High rates of unemployment has meant increase in military enrollment. The recruits are not after employment but after much-wanted jobs.
For Blaise Counter in southern California life had been full of smiles. Working for corporte millionaires he earned each week $1,300 and could lead a life of modest luxury with his girl friend and her daughter. [...]
Bank of America Being Sued
Attorney General of New York, Andrew Cuomo, is suing Bank of America giving another twist to the drama pertaining to the questionable taking over of Merrill Lynch by the bank. Fresh fraud charges have been brought against Kenneth Lewis. He was the previous chief of the bank, on Thursday 4th February. Lewis was the driving [...]
The BP Crisis Might Spill Over to Make the Economy Slippery Placing Tourism and Oil Industry on the Dock
New rules and regulations initiated by the government and its stand taken vide the court lifting of ban has already made the drilling group apprehensive. The BP crisis might spill over to make the economy slippery with tourism and oil industry on the dock. Many fear that this impasse could well continue for another six [...]
Indicators to Gauge the Mood of the Credit Market are Nervous as the Situation is Explosive
Wall Street stays glued to the Dow. But Guy LeBas keeps his eyes on the Cow – a little known barometer measuring the market, named Bessie, invented by a old brokerage company of Philadelphia, Janney Montgomery Scott. The attempt is to gauge the anxiety prevailing in the credit markets of the world. Officially Bessie is Credit Availability [...]
Freddie and Fannie Failed to Heed Warnings
Freddie Mac and Fannie Mae, despite having mortgage experts and economists at their disposal did not heed the warnings the housing boom would become a bust.
Freddie Mac and Fannie Mae were not able to gather enough cash to reassure investor that they would be able to survive a serious downturn in [...]
Help Getting After Foreclosure
After the foreclosure part has been taken care of, the issue which concerns the most is the process of finding another home and that too very quickly. If you try telling this to one of the conventional lenders then they will really ask you from which planet you are.
Alright, let us [...]