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Reworked Subprime Loan Deadbeats … 40% End Up Defaulting
Moody’s Investors Service: More than two of every five subprime borrowers whose mortgages were reworked in H1’07 are defaulting anyway. Among subprime adjustable-rate mortgages modified in H1’07, 42% were at least 90 days late on March 31.San Diego Real Estate … The Coming Next Wave of Foreclosures
Next, it's NOT going to be Sub-prime loans, but ARM's that will spike up home foreclosures.Many Option ARM home loans are going to reset in 2009 - 2011. This will be the next wave of foreclosures. These loans...
Fannie, Freddie say they have plenty of capital
Here are two interesting reports on Fannie May and Freddy Mac. Most people don't understand real estate boom and bust cycles. We are now heading into the biggest in history, so it behoves us to study up."Saviours of... Fed Approves New Rules For Mortgage Loans … Too Little Too Late
The Federal Reserve approved new rules for home mortgage loans to protect consumers from questionable lending practices. Most of the new rules apply to subprime owner occupied home loans and go into effect 10-1-09. Two of the best of these new loans are: The lender must... Real Estate - Jim Rogers says Fannie and Freddie are a ‘disaster’
"The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an “unmitigated disaster'' and the largest U.S. mortgage lenders are “basically insolvent,'' according to investor Jim Rogers. Moving from Miami? - Some Options
" No surprise there, Miami it seems is not the top 5 cities to for building wealth. The good news is that it is not among worst 5 either. Topping the list is Plano, Tex., while high cost of living lands New York at the bottom, reports Salary.com. Salary.com, which...Fed to issue new rules to stop shady home-lending practices
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. Sounds like closing the barn doors after the...Real Estate - Pending Home Sales in May - Third-Lowest on Record
The National Association of Realtors just reported that pending sales for existing homes fell 4.7% in May 2008. This marks the third lowest reading on record in May. Home sales are considered pending when the seller...Bank DKI - The Best Regional Development Bank
"Since it established in 1961, DKI Bank has play important roles in Jakarta economic. Year to year, the performances of DKI Bank is increasing; the assets that belong to DKI Bank are also increase for the last 3 years. December 2006, DKI Bank’s assets reached Rp 11.187... Section 8 loophole thwarts evacuees return to New Orleans- We Don't Want no S...
"Two weeks ago in Houston, two Katrina evacuees hauled the final boxes out of their apartments. But even as their landlords prepared to change their locks, Gina Martin and Samantha Egana couldn't go home to New Orleans, because their Section 8 vouchers were stalled by the... Over 230 Louisiana Public officials Resign rather than disclose their finances
"As part of a new regime of financial disclosure laws implemented by Gov. Bobby Jindal and the Legislature, many state and local public officials in Louisiana will have to report certain financial and government contracting information next spring. Those who desired to avoid... The Bull Pulls the Bear out & Leaves The Dow down
ITS OFFICIAL - the Dow Jones has a bear loss on Wall Street as of today the Bull market is over. The loss of shares in one of America's and the world most influence able stock Market has been on the slide since its highest mark on October 9th, 2007 (14,164.5). Today's Dow... California Cell Phone Law Effective Today!
Two new laws dealing with the use of wireless telephones while driving go into effect today, July 1, 2008. Below is a list of Frequently Asked Questions concerning these new laws. Q: When do the new wireless... The Superclass
Excerpt 1: In a world with only two kinds of international institutions — weak and dysfunctional — the members of this superclass are filling a power vacuum when it comes to influencing decisions about... Japan needs 1,000 Indonesian workers
""This is the first time that the Japanese government made a formal request for Indonesian workers," President Director of the Japan External Trade Organization (JETRO) in Jakarta Kusaoke Sadanobu said at a seminar on Indonesia-Japan bilateral trade opportunities, in Manado...
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