Unemployment figures stretch from 9.5% to 22%…
The Forgotten Employer by RICH KARLGAARD In the recent August addition of Forbes magazine I came across this....interesting reading! Everyone agrees the American job picture is a disaster. Unemployment estimates from June stretch from the official 9.5% to 16.5% to a...
Homeowners Pessimistic…One-Third Say Housing Marketing Has Not Hit Bottom
Refi Boom Could Bust Smaller Banks
I realize it's August, and that's not exactly the hot season for home buying and selling, but I found today's weekly mortgage application report from the Mortgage Bankers Association particularly troubling for a few reasons. To summarize, refinance applications are...
Bank Of America To Avoid Foreclosures, Short Sales Preferred If Loan Mod Not an Option
Wednesday, August 18th, 2010, 9:30 am Bank of America pushed its total number of permanent mortgage workouts under the Home Affordable Modification Program (HAMP) to 76,300 in July, a 5.9% increase from June. The Treasury Department launched HAMP in March 2009 to...
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