Topic: economic news

Posted on: Friday, March 12, 2010
Economic Thaw
Economic Thaw

RealtyTrac credits the drop to “Foreclosure prevention policies and government legislation [which] are artificially distorting supply and demand equilibrium in the housing market.”

Read the full entry about Economic Thaw
Posted on: Friday, March 5, 2010
Spring Recovery?
Spring Recovery?

Today the Bureau of Labor Statistics announced that in February the economy lost 36,000 jobs, an increase of 10,000 compared to January, yet the nation’s unemployment rate stayed steady at 9.7%

Read the full entry about Spring Recovery?
Posted on: Friday, February 26, 2010
Home Sales Stall; CitiMortgage Forclosure Option
Home Sales Stall; CitiMortgage Forclosure Option

Continued weakness in the housing market has caused CitiMortgage, one of the nation’s biggest home loan servicers to rethink its foreclosure prevention strategy.

Read the full entry about Home Sales Stall; CitiMortgage Forclosure Option
Posted on: Wednesday, February 24, 2010
Economic Snapshot
Economic Snapshot

Continued unemployment is seen to be the cause of the drop in consumer confidence, Twenty thousand Americans lost their jobs in January, despite a marginal easing of the unemployment rate to 9.7%.

Read the full entry about Economic Snapshot
Posted on: Wednesday, February 17, 2010
Home Construction Rises
Home Construction Rises

Compared to last year that’s a 21% rise. December’s housing starts were also revised upward.
..

Read the full entry about Home Construction Rises
Posted on: Wednesday, February 3, 2010
Lock in Low Rates Now
Lock in Low Rates Now

Remember, unlike a loan modification, short fi, short sale, keys for cash, or foreclosure, a refinancing can readily lower your mortgage payments while keeping your credit rating intact.

Read the full entry about Lock in Low Rates Now
Posted on: Friday, January 29, 2010
State of the Union
State of the Union

“The worst of the storm has passed, but the devastation remains. One in 10 Americans still cannot find work. Many businesses have shuttered. Home values have declined.”

Read the full entry about State of the Union
Posted on: Monday, January 25, 2010
Public Anger Boils
Public Anger Boils

As Democrats seek to assign blame for their defeat, it would be useful to take a look at those bleak days when Franklin D. Roosevelt did take over as president.

Read the full entry about Public Anger Boils
Posted on: Friday, January 22, 2010
Reining in the Banks
Reining in the Banks

We simply cannot accept a system in which hedge funds or private equity firms inside banks can place huge, risky bets that are subsidized by taxpayers

Read the full entry about Reining in the Banks
Posted on: Friday, January 15, 2010
Crisis Lessons Learned
Crisis Lessons Learned

“Somehow, we just missed, you know, that home prices don’t go up forever,” testified James Dimon, chief executive of J.P. Morgan Chase. Mr. Dimon seems to have forgotten the lessons of the Japanese real estate and stock bubble of the 1980s, which crashed twenty years ago this month when Dimon was a mere youth of 33.

Read the full entry about Crisis Lessons Learned
Mortgageoutreach.org on Facebook
Recent Comments on Blog Posts

August 24, 2009 4 Responses
Who Will Answer the Phone? By Paul M. J. Suchecki
Comment by Jastnartest: "really great..."

December 30, 2009 11 Responses
Optimism, Albeit Guarded By Paul M. J. Suchecki
Comment by rickyk4: "Hi everyone, I..."

March 10, 2010 1 Responses
New Short Sale Program By Paul M. J. Suchecki
Comment by pharmacy technician: "nice post...."

November 13, 2009 3 Responses
Foreclosure Lease Back Option By Paul M. J. Suchecki
Comment by max: "Your torque is..."