MortgageNewsClips: Bernanke Plan, Ken Harney, Jefferson County, Job Boom Soon, Oil Drop, Stupid Investors, NY Least Affordable, Mac ’n’ Mae, Fast Food Lunch, 1 Kings 19:11-13, Bubble 50 State Chart, Jackson Hole Debate 2 (://URLFAN)
MortgageNewsClips: Bernanke Plan, Ken Harney, Jefferson County, Job Boom Soon, Oil Drop, Stupid Investors, NY Least Affordable, Mac ’n’ Mae, Fast Food Lunch, 1 Kings 19:11-13, Bubble 50 State Chart, Jackson Hole Debate 2
Bernanke looks for new regulatory approach - Mark Felsanthal - U.S. Federal Reserve Chairman Ben Bernanke’s suggestion that financial supervision be revamped to take into account the health of the entire system is a logical response to recent market turmoil, but may be a difficult concept to execute. - Reuters
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Kenneth Harney: Is it appraisal business as usual? - SOME SAY SUBTLE PRESSURE PERSISTS - Ken Harney - SJ Mercury News
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(Jefferson County) Alabama County’s Kids Will Ask Voters to Go Belly Up - Joe Mysak - the continuing saga of Jefferson County - Bloomberg
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Job boom could be coming soon - Economists at the University of Michigan predict that 3.5 million jobs will be created in the next two years . - CNNMoney.com RSS FEEDS (close) By Paul R. La Monica, - CNNMoney.com
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NEW YORK (MarketWatch) — U.S. fixed-rate mortgages fell for the third straight week, according to Freddie Mac’s survey released Thursday. The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 6.04% in the week ending Thursday, down from last week’s 6.14% and the year-ago 6.20%. The 15-year fixed-rate loan averaged 5.73%, down from [...]... more
steve watson
infowars
18th November
Commodities experts are in agreement that the price of gold and silver is being manipulated by bankers and government officials in order to halt a mass abandonment of paper currencies and the debt based economy.
The New York Post today carries a column by John Crudele declaring that there is a global run on [...]... more
By John Crudele
New York Post
Thursday, November 20, 2008
http://www.nypost.com/seven/11202008/business/credit_cards_will_be_the_n...
If you really want to laugh, watch this 10-minute video of Tuesday's "Squawk Box" on the Bubble Network:
http://www.cnbc.com/id/15840232?video=931599105&play=1
read more ... more
Political tensions arise over government’s foreclosure plan to buoy up homeowners with loans controlled by Freddie Mac and Fannie Mae.1 Vote(s)... more
The Bank Terrorist From: usmessageboard.com Post Date: 2008-11-20 10:52:17
Housing: For years, a self-described "bank terrorist" blackmailed banks into making bad home loans in our inner cities. Now those loans are defaulting by the millions, and he’s blaming banks.
Bruce Marks, founder of the leftist Neighborhood Assistance Corp. of America, makes a good living shaking down banks for loans to deadbeat borrowers that he thinks are entitled to homes.
Activist Bruce Marks, speaking in February at a housing conference, has a history of terrorizin... more
TX-Dallas-75201, FANNIE MAE THE COMPANY Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and oper
More... ... more
At first I thought that this website was a game. But it doesn’t appear to be one…check out http://decliningmarkets.gmacrescap.com/
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Although word leaked out Wednesday afternoon, partners with Aurora got the official letter yesterday. “Dear brokers and loan officers, it is with great regret to announce that Aurora Loan Services decided to close its doors effective immediately . The reasons behind this decision are more than evident considering the market situation.” Lehman... more
Employees & business partners of ResCap (of San Rafael, CA, not the group in Minnesota!) got the, “I regret to inform you that effective today the mortgage banking division of Residential Mortgage Capital will no longer be accepting Wholesale loan submissions or loan locks…We will attempt, to the degree possible, to honor our locks and commitments for those loans currently in the pipeline. However, given the current position of our warehouse banks, it might be prudent to immediat... more
Anna Schwartz, Roundup, Caroline Baum, Nassim Taleb, CDS Next Shope?, Will County Illinois, Lots About Housing, Fees Up, ARM Worries, Goldman’s Bet, Origs Dn 16% 2008, Strongest - Weakest, FRB Atlanta Papers, TED Down, Downey Restates, Cram Down Calculator
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A 92-year old finger pointed squarely at the Fed - Geez, the next thing you know, Milton Friedman is going to rise from the grave to condemn former Fed Chairman Alan Greenspan. In this report from the Telegraph... more
Indymac laid off 2,403 employees, or 24% of their total workforce , yesterday. It included 470 sales staff in addition to closing operation centers in Tampa , Philadelphia , Boston , Columbia and Kansas City .
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Speaking of lay-offs, Citigroup posted a net loss of $9.83 billion, and recorded $18.1 billion in pre-tax write-downs and credit costs on subprime related direct exposures in fixed income markets & a $4.1 billion increase in credit costs in its U.S. consumer business, mainl... more
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