Real Estate Foreclosure Blog
The recession has created this situation of jobs going begging but only for skilled hands well conversant with automation. During the gray days employers fired workers while themselves relying on computerized help; other jobs were outsourced. This has led to policy makers worrying about employment for the huge unskilled work force [...]
A new way of earning on the backs of the poor has started with the move taken by Yunnus in Bangladesh. But the proponents of the idea did not scheme on giving small loans and netting in abnormally high profits by charging exorbitant interest. However it is being admitted that the [...]
In trying to avoid another dangerous economic crisis a new law has been crafted by the Congress and Washington. Damon Silvers of AFL-CTO at Washington said that largely the bill is reviving old ideas that had been rather foolishly done away with. But the American Banker’s Association contends that it will [...]
The pros and cons of residential markets bouncing back without further assistance are being considered and debated.
Colleen Wells had heard that the markets are once more picking up and this prompted her to put her farm (60 acres) in Ocala, Florida for sale earlier this year. But when there were no takers for [...]
The Federal Reserve announced that it will keep the interest rates of short term loans at the near zero point for “an extended period”. It was argued that challenges to economic growth continued to persist apart from new troubles abroad. The decision regarding the rate was taken after the end of [...]
Fannie Mae and Freddie Mac are in control of 30 million mortgages in the market and any policy they undertake make the experts take note. Recently Fannie Mae has said that it would penalize those who resort to strategic defaults – intentionally walk away from mortgages even if they can afford [...]
Only mega banks have been bailed out of trouble but local banks like Park National Bank of Chicago, have been allowed to collapse despite their rapport with local communities and efforts to develop them.
Park National Bank and its umbrella organization was taken over by the fifth largest bank of America US Bank [...]
The Big Short by Michael Lewis is a disturbing tale of avarice, foolishness and total incompetence of those who handle finances in USA – in the markets and in the government. The book is rich in anecdotes catering to human interest in stories about the few who had anticipated the crash of [...]
Real Estate Foreclosure Blog