Economic data tempers talk of a double-dip recession
Posted on September 3, 2010
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” The feeble economy exhibited a smidgen of strength Thursday, with mildly positive reports on jobs, store sales and housing.
Tiger Takes Out $54 Million Mortgage
Posted on September 3, 2010
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Only days after his divorce from Elin, Tiger Woods took out a $54.5 million mortgage for the mansion he’s building on Florida’s exclusive Jupiter Island.
FHA shifting gears on reverse mortgages
Posted on September 3, 2010
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The Federal Housing Administration isn’t talking publicly about it, but the agency may be getting ready to lessen the upfront costs of reverse mortgages for some borrowers.
Foreclosures impact kids, communities
Posted on September 2, 2010
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Children could be prevented from realizing their potential in school and, eventually, the labor force as consequences from the problem of home foreclosures last for years, a Federal Reserve official said Thursday.
Bernanke: Shut banks if threat to system
Posted on September 2, 2010
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Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.
Business Calendar
Posted on September 2, 2010
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TESTED APPROACH TO INVESTING: Learn to create and activate an investment plan, and how to review and adjust the plan to stay on track.
Pending home sales rise 5.2 percent in July a " Alan Zibel, Ap Real Estate Writer,
Posted on September 2, 2010
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The National Association of Realtors said Thursday its seasonally adjusted index rose 5.2 percent from a month earlier to a reading of 79.4. A reading of 100 indicates the average level of sales activity in 2001, when the index started.
Stock Investors Brace for Another Ugly September
Posted on September 1, 2010
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The U.S. economy is weakening, home sales are plunging and stocks are on a long slide.
US Says It Lacked Authority to Charge Moody’s
Posted on September 1, 2010
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SEC has declined to seek fraud charges against Moody’s Investors Services over its ratings of risky investments.
Fed Talks of Further Stimulus Action
Posted on September 1, 2010
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Federal Reserve officials signaled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the economy.