Real Estate Foreclosure Blog
Captain Richard Phillips is the hero captain who has returned home safely after being held hostage by Somali pirates. The repeated problems of Somali pirates have made Phillips raise the issue of arming ship officers. Invariably this will lead to more shipping expenses that will ultimately be passed on to the consumers and the economy. [...]
Timothy Geithner, the Treasury Secretary and Ben Bernanke the Federal Reserve Chairman are disagreeing about who should give protection to the consumers from dubitable mortgage contracts, abusive fees of credit cards, loans advanced on paydays and other types of highly risky financial goods White House wants to set up a new body – Consumer Financial [...]
Professor Nouriel Roubini of New York University has predicted that although there will be recovery towards the end of 2009 it will be very weak. This will be followed by a double-dip recession towards the end of 2010. The steady negative figures coming from the employment sector will directly have an effect on the economy [...]
It’s been four months since the Obama government has come up with the home rescue plan. Mortgage loans are being rewritten and many borrowers are availing of these more affordable loans. But lenders are not taking one class into consideration at all. This group forms the house owners who are saddled with higher priced loans. [...]
Philadelphia has taken the lead in introducing energy saving devices by rolling out trash cans powered by the sun. The trash compactor named BigBelly as made its debut in downtown Philadelphia. In downtown area 700 public trash containers have been replaced with 500 of the new solar powered compactors. The high ended technology uses the [...]
Many are not aware that it is rot at the bottom that is gnawing into the very foundations of the economy that is causing this recession – the worst in decades. Drastic measures are required to bring back the economy to some sort of sanity. The media has been screaming about unemployment and the recession [...]
On Monday USA and India shook hands on a defense agreement. It is an important step in promoting sale of sophisticated American arms to India. India is keen to modernize its military. This comes at the close of Hillary Clinton’s visit to India – her first as the Secretary of State. Clinton added that India [...]
Jumbo lending is back what with big lenders buying large mortgage from others or initiating a process by which independent brokers can give loans to them. Bank of America and Wells Fargo have been jostling with each other for a larger pie of jumbo lending market. Bank of America says that it has announced rate [...]
Real Estate Foreclosure Blog