Obama’s Plan to Stem Foreclosures Will Do More Harm Than Good
Feb 27, 2010 Object
The Obama administration is mulling a plan that would require lenders to make efforts to enroll homeowners in the government’s Home Affordable Modification Program before they pursue foreclosure. The problem is that many struggling homeowners simply can’t afford the house and the requirements could serve to drag out the foreclosure process.
Continue reading Obama’s Plan to Stem Foreclosures Will Do More Harm Than Good
Obama’s Plan to Stem Foreclosures Will Do More Harm Than Good originally appeared on DailyFinance on Sat, 27 Feb 2010 14:30:00.
Filed Under: Real Estate
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Obama’s Plan to Stem Foreclosures Will Do More Harm Than Good
Tags: affordable, drag-out-the, filed-under, foreclosure, foreclosures, hamp, homeowners, lender, modficiations, obama, real-estate, requirements, the-foreclosure, the-government
Latest Legal News: Did Goldman Help Greece Fool Bond Investors?
A daily look at the legal news and business of law:
Goldman Helped Greece Sell Bonds Without Disclosing Swap It Arranged
In 2002, Goldman Sachs (GS) arranged a currency swap that raised $1 billion for Greece off its balance sheet. According to a review of prospectuses as part of an investigation by Bloomberg, six of ten bond issues that Goldman later helped Greece sell did not disclose the swap;…
Continue reading Latest Legal News: Did Goldman Help Greece Fool Bond Investors?
Latest Legal News: Did Goldman Help Greece Fool Bond Investors? originally appeared on DailyFinance on Wed, 17 Feb 2010 11:30:00.
Filed Under: Goldman Sachs
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Latest Legal News: Did Goldman Help Greece Fool Bond Investors?
Tags: balance sheet, bonds-without, currency-swap, foreclosures, goldman-helped, goldman-sachs, greece, greece crisis, greece-off-its, later-helped
Industrial Production Increases for Seventh Consecutive Month
Feb 17, 2010 Object
Output in the nation’s factories, utilities, and mines increased for the seventh straight month, the U.S. Federal Reserve said — a trend that points to a strengthening U.S. recovery.
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Industrial Production Increases for Seventh Consecutive Month originally appeared on DailyFinance on Wed, 17 Feb 2010 10:30:00.
Filed Under: Economy
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Industrial Production Increases for Seventh Consecutive Month
Tags: and-mines, balance sheet, currency-swap, entry, filed-under, foreclosures, goldman-helped, greece, greece crisis, industrial production, month, nation, reserve, seventh-consecutive, the-nation
Latest Legal News: BofA ‘Forecloses’ on a House Bought With Cash
The bank has gone after a Massachusetts couple’s future retirement home in Florida, for which they had paid cash. Despite protests from the couple, the bank came in, removed the couple’s belongings, changed the locks and turned off the utilities.
Continue reading Latest Legal News: BofA ‘Forecloses’ on a House Bought With Cash
Latest Legal News: BofA ‘Forecloses’ on a House Bought With Cash originally appeared on DailyFinance on Mon, 15 Feb 2010 15:00:00.
Filed Under: Company News, Columns, Bank of America
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Latest Legal News: BofA ‘Forecloses’ on a House Bought With Cash
Tags: america, changed-the, entry, filed-under, florida, foreclosures, from-the-couple, protests-from, real-estate, the-utilities-, utilities
Should You Consider a ‘Strategic Default’ on Your Mortgage?
Feb 6, 2010 Object
If you owned a house that’s now worth a lot less than what you owe on your mortgage, would you walk away from the home and default on the mortgage? If so, you’d have plenty of company. In 2009, Reecon Advisors released a national survey indicating that nearly one out of 10 homeowners, 9.2% or 7.4 million, would likely choose to default if they were in that situation. And today, we’re seeing more and more evidence that some people are beginning to do just that. They’re choosing to “strategically default” on their mortgages.
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Should You Consider a ‘Strategic Default’ on Your Mortgage? originally appeared on DailyFinance on Sat, 06 Feb 2010 11:15:00.
Filed Under: Investing, Real Estate
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Should You Consider a ‘Strategic Default’ on Your Mortgage?
Tags: a-lot-less, are-beginning, based-on-the, budget-deficits, default-on-the, entry, filed-under, foreclosures, from-the-home, improvement, national-survey, real-estate, sp 500, strategic default, tarp
Girl Scouts Launch Viral Marketing Campaign on YouTube to Sell Cookies
Feb 6, 2010 Object
It’s likely that Girl Scout founder Juliette Gordon Low would approve of her organization’s recent plunge into viral marketing. After all, Low used the then-newfangled telephone almost a century ago to declare her intention to start the Girl Scouts to a friend.
Continue reading Girl Scouts Launch Viral Marketing Campaign on YouTube to Sell Cookies
Girl Scouts Launch Viral Marketing Campaign on YouTube to Sell Cookies originally appeared on DailyFinance on Sat, 06 Feb 2010 11:00:00.
Filed Under: Economy, People, Media
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Girl Scouts Launch Viral Marketing Campaign on YouTube to Sell Cookies
Tags: are-beginning, campaign, entry, foreclosures, girl, girl scouts, juliette-gordon, national-survey, people, recent-plunge, socialnetworking, start-the-girl
Harmless Virus Could Be an Answer to Cancer
Feb 6, 2010 Object
You’d think that infecting a cancer patient with a virus would be the last thing a doctor would want to do. But what if it was a virus that attacks and kills cancer cells? That’s exactly the premise that led to the founding of Oncolytics Biotech (ONCY), a Calgary-based biotechnology company. It’s about to begin Phase 3 trials that could pave the way for a marketable cancer treatment based on this technology in two years, says CEO Dr. Brad Thompson (pictured) in an interview with DailyFinance.
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Harmless Virus Could Be an Answer to Cancer originally appeared on DailyFinance on Sat, 06 Feb 2010 11:00:00.
Filed Under: Technology, Healthcare
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Harmless Virus Could Be an Answer to Cancer
Tags: calgary-based, entry, filed-under, foreclosures, founding, harmless-virus, juliette-gordon, premise, recent-plunge, treatment-based, virus
U.S. Can’t Afford Not to Have a Second Stimulus Package
Jan 29, 2010 Object
Mark Zandi, chief economist at Moody’s Economy.com, and Rudolph Penner, a fellow at the Urban Institute and former Congressional Budget Office director, both said Friday that an additional stimulus package would be required to improve the U.S. economy and allow the nation to avoid a double-dip recession.
Continue reading U.S. Can’t Afford Not to Have a Second Stimulus Package
U.S. Can’t Afford Not to Have a Second Stimulus Package originally appeared on DailyFinance on Fri, 29 Jan 2010 14:30:00.
Filed Under: Economy, People, Taxes
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U.S. Can’t Afford Not to Have a Second Stimulus Package
Tags: audi, campaign-will, chief-economist, economy-com, fellow-at-the, filed-under, foreclosures, has-introduced, package, penner, police, super-bowl, superbowlads, urban
Mortgage modification program isn’t stopping homeowner defaults
Filed under: Economy, Real Estate
The idea behind the $75 billion Home Affordable Mortgage Program is to give homeowners facing foreclosure a means to get lower monthly payments and stay in their houses. The participants must successfully complete a trial period and provide additional documentation to prove that they are able to make these modified payments. They are then eligible for permanent modifications in their loans.
Assistant Treasury Secretary Herbert Allison has provided data to the Congressional Oversight Panel that shows “over 73 percent of borrowers are current in their trial plan payments,” according to documents obtained by Reuters. That’s a pleasant way to say that more than a quarter are behind.
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Mortgage modification program isn’t stopping homeowner defaults originally appeared on DailyFinance on Sun, 06 Dec 2009 11:00:00 EST. Please see our terms for use of feeds.
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Mortgage modification program isn’t stopping homeowner defaults
Tags: a-quarter-are, foreclosures, home loans, homeloans, interest, lifeexpectancy, modification, news, pleasant-way, stopped-smoking, study-predicts, their-loans-, underwater
Fewer home mortgages are underwater as values stabilize
Filed under: Economy, Investing
The percentage of Americans owning homes that are underwater is falling, according to Zillow’s third-quarter Real Estate Market Reports, which focus on 156 metropolitan areas. The other good news is that home values were relatively flat between the second and third quarters, so the price declines may be over for most homeowners.
Zillow found that 21% of homeowners with single-family homes were underwater on their mortgages at the end of the third quarter, down from 23% in the previous quarter. Two factors play into the drop. One is that many underwater homeowners have already lost their homes to foreclosure. The second is that home values have stabilized in some areas of country and have even started going back up in other areas.
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Fewer home mortgages are underwater as values stabilize originally appeared on DailyFinance on Mon, 09 Nov 2009 10:10:00 EST. Please see our terms for use of feeds.
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Fewer home mortgages are underwater as values stabilize
Tags: focus-on-156, foreclosures, home-mortgages, homesales, news, their-mortgages, third-quarters, underwater, zillow
