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San Diego City Attorney Wants City To Be Foreclosure Sanctuary
"San Diego City Attorney Wants City To Be Foreclosure Sanctuary"San Diego City Attorney Michael Aguirre, today, filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he wants to...San Diego Home Foreclosures Up 180% In One Year
DataQuick Information Systems of La Jolla reported yesterday home foreclosures were up 18 percent over May and a 180 percent increase over June 2007. New June notices of default dropped just 2% percent from May, but they were still up 93 percent from a year ago.FHA Takes $4.6 BILLION Hit … It’s Just Taxpayer Money
"FHA Takes $4.6 BILLION Hit … It’s Just Taxpayer Money"Leave it to the government to come up with a home loan program where, if the buyer does not have the low 3% down payment normally required, the seller can pay that for them. So, from day one, the buyers have zero...
Iran: War or Privatization: All Out War or "Economic Conquest"?
EXCERPT: "Washington has no interest in the imposition of a privatization program on Iran, as an "alternative" to an all out war. In fact quite the opposite. There are indications that the Bush adminstration's main objective is to stall the privatization program. "by ... 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...
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