One More year - Vanity
Posted by admin / Under Real Estate
Here's a dream that one year from today, Barack Obama will be leaving office at noon Sunday January 20, 2013.
Published on Tuesday 7th of February 2012 07:01:21 PM
Bank of America ups CA foreclosures by nearly 200 percent
Posted by admin / Under Real Estate
Bank of America increased foreclosures by nearly 200 percent in California between July and August. John Karevoll, an analyst with DataQuick told Patt Morrison that the bank is capitalizing on favorable laws in California and other states where a court order isn’t needed to repossess a home. “This is the rip-the-band-aid-off policy here," he said. "It’s basically just to go out there and plough through it and get rid of it.” Dan Frahm, the senior vice president of Bank of America Home Loans, says the recent upswing in foreclosures is due to a massive backlog. “Those foreclosures that have been...
Published on Tuesday 7th of February 2012 07:01:21 PM
Why Perry may be the real deal
Posted by admin / Under Real Estate
My good friends John Hinderaker and Scott Johnson offer eulogies for the Tim Pawlenty presidential campaign today at Power Line, and as usual, they are quite insightful. Scott says that Pawlenty’s descent started when he backed down from challenging Mitt Romney in an earlier debate, and notes that Republicans in this cycle want a fighter. John laments the loss of the one candidate he thought could easily beat Barack Obama based on his record, and says that Pawlenty never got past “the first impression of him as just another guy in a suit.” Both are fair conclusions, and be sure...
Published on Tuesday 7th of February 2012 07:01:21 PM
Downgrading of U.S. Debt “Virtually Inevitable”
Posted by admin / Under Real Estate
Standard & Poor President Deven Sharma appeared before a House subcommittee and declared that a downgrade of US Treasury Debt is “virtually inevitable.” “From an investor’s perspective, whether the debt ceiling is raised, at best, is irrelevant,” Sharma asserted. “After all, it is the United States that is the borrower. A borrower granting himself permission to borrow more money is meaningless if prospective lenders aren’t willing to lend.” The key factor influencing potential lenders’ willingness to lend, according to Sharma, is the likelihood of repayment. “Current debt obligations and their projected growth under the Obama Administration evince a very palpable...
Published on Tuesday 7th of February 2012 07:01:21 PM
U.S. New Home Sales Show Unexpected Drop In June
Posted by admin / Under Real Estate
Sales of new homes in the U.S. saw a modest decrease in the month of June, according to figures released Tuesday by the Commerce Department, with the drop in sales coming as a surprise to economists. New single-family home sales came in at a seasonally adjusted annual rate of 312,000 in June, a 1 percent drop from revised figures that showed the May rate at 315,000. Most economists had predicted a slight rebound to an annual rate of 321,000 new home sales. Additionally, the May figures were revised downward from initial reports that showed an annual rate of 319,000.
Published on Tuesday 7th of February 2012 07:01:21 PM
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