3 Feb 2012 at 7:42pm
3 Feb 2012 at 9:29pm
3 Feb 2012 at 10:12am
3 Feb 2012 at 9:49pm
3 Feb 2012 at 6:42pm
3 Feb 2012 at 8:43pm
3 Feb 2012 at 10:47pm
3 Feb 2012 at 7:35pm
3 Feb 2012 at 9:21pm
3 Feb 2012 at 6:55pm
Mortgage
industry seems to be disappointed as per Autumn Reports
The
stamp duty concession that presently benefits the first-time home
buyers in the United States of America is going to come to an end on
24th
March, 2012 and this will most probably make the mortgage market
disappointing for the Americans, as per Autumn Reports. Though the
concession may not have typically stimulated extra demand for
mortgage loans, but yet it would significantly help who have just
entered the housing markets and have started educating themselves on
the ins and outs of the real estate investment strategy. It is most
likely that the housing market will see a bunch of homeowners hit the
expiry date on their concessions and it is really disappointing
that the Stamp Duty Land Tax for the first time home buyers are not
being extended beyond March, 2012. People are taking out mortgage
loans but are not being satisfied as they no longer get the required
rebates that they were supposed to.
Home
equity level falls to $7.25 trillion Can the housing market heal
itself?
According
to the recent reports of the Federal Reserve, the homeowners
equity level has dropped to a shocking level of $7.25 trillion since
the housing bubble. There are almost millions of homeowners who
borrow more on their houses than the worth and this poses a clear and
imminent danger for the housing market and its recovery. What can be
done in order to solve the negative equity problem? There has been an
idea that asks Fannie Mae and Freddie Mac to either refinance all the
underwater mortgage loans or insure them at the present mortgage
rates of about 4%. There should be no limits based on the credit
score of the borrower or the present value of the home.
Nevertheless,
even if such steps are taken, will this solve the problem of negative
equity? Most people think it wouldnt. The actual aim of the
legislation should be to arouse the economy from refinancing the
mortgage loans. The Congressional Budget Office has given an estimate
saying that if at least 2.9 million mortgage loans are refinanced,
there would be 111,000 lesser defaults. This might sound a lot but
actually this would only generate $7.5 billion for the economy. In a
nutshell, solving the problem is pretty tough and reductions in the
mortgage rates wont do much to prevent the economy from recovering
slowly.
Survey
shows a drastic drop in home prices
According
to recent survey, the US home prices have fallen again in the big
cities after they posted small gains during spring and summer. The
report also suggests that the troubled housing market will remain
sluggish and wont recover soon. More than two years after the
recession, the Americans are all hesitant to buy houses as the high
unemployment rate and weak job growth have already deterred the home
buyers. A stronger economy is probably needed in order to spur any
kind of growth in the US housing market. The investigation into the
mortgage lending practices is also restraining the homeowners from
taking out home loans despite the home prices being lower than
normal.
Therefore,
if youre in the market to take out a mortgage loan, it is most
obvious that you have to remain careful about the big picture. Though
the present mortgage market conditions are not very favorable, yet
you can take the best steps in order to get a loan within your means.
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3 Feb 2012 at 3:42pm
 Reuters - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery.
3 Feb 2012 at 4:14pm
Reuters - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
3 Feb 2012 at 1:44pm
Reuters - Stock-picking once again matters on Wall Street.
3 Feb 2012 at 4:54pm
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
3 Feb 2012 at 4:50pm
Reuters - Leitao is part of a cadre of amateur forecasters, bloggers and hobbyists who sift through reams of data every quarter to guess at Apple's quarterly results - often putting professional analysts to shame by coming up with more accurate predictions.
2 Feb 2012 at 4:22pm
AP - Some recent high-profile stock offerings on the New York Stock Exchange and Nasdaq:
3 Feb 2012 at 12:58pm
ContributorNetwork - SAN FRANCISCO -- In a pleasant surprise, the Department of Labor has reported an another increase in total nonfarm employment. The U.S. added 243,000 jobs in January, ticking the unemployment rate to 8.3 percent.
3 Feb 2012 at 9:54am
Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.
3 Feb 2012 at 5:55pm
 AP - "Crucial" issues remain to be resolved in Greece's critical negotiations over a second multibillion euro international bailout, and talks would continue into the weekend, the country's Finance Minister said early Saturday.
3 Feb 2012 at 12:35pm
AP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures.
3 Feb 2012 at 1:28pm
AP - Hackers have attacked the Greek Justice Ministry website to protest the government's signing of a global copyright treaty and its handling of the financial crisis.
3 Feb 2012 at 5:38am
Reuters - Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe's economy.
3 Feb 2012 at 5:35pm
 AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.
3 Feb 2012 at 6:16pm
AP - Canada's prime minister heads to China next week where he'll discuss Canada's vast oil reserves in a visit that's being viewed as an "open warning" to the United States, which rejected a pipeline from Canada to Texas.
3 Feb 2012 at 9:42am
AP - The Arizona Senate has approved a bill creating a tax credit for motion picture production in the state.
3 Feb 2012 at 7:58pm
The U.S. economy added more jobs in January than in any month since early last year, pushing down the jobless rate to a level not seen since Obama's first full month in office.
3 Feb 2012 at 7:29pm
A few more months of strong jobs reports like the one released Friday, and the Fed might need to draw up a new game plan. For now, though, Bernanke seems unlikely to rewrite his script for the central bank.
3 Feb 2012 at 10:43pm
Friday's jobs report showed broad-based hiring in January, with private-sector employers from nearly all industries adding workers.
3 Feb 2012 at 10:29pm
As Greek debt-restructuring talks showed more signs of delay, the plodding negotiations have been bad news for Portugal's creditors, who fear they also may be force-fed tough terms.
3 Feb 2012 at 7:01am
Germany's economy minister rejected demands to involve the ECB directly in efforts to reduce Greece's debt as international pressure is growing on the central bank to accept a haircut on its huge cache of Greek bonds.
3 Feb 2012 at 10:12pm
Chinese Premier Wen Jiabao sought to assuage concerns over Chinese investment in Europe, saying China has no intention to "buy" the continent.
3 Feb 2012 at 9:52am
Euro-zone private-sector activity returned to modest growth in January, but a fall in consumer spending in the run-up to Christmas added to doubts over the region's longer-term prospects.
3 Feb 2012 at 7:04am
Activity in the U.K.'s dominant services sector accelerated in January, raising hopes the British economy can avoid recession.
3 Feb 2012 at 12:45pm
New York's attorney general sued BofA, J.P. Morgan and Wells Fargo over a private national mortgage registry system, contending it has resulted in a wide range of deceptive and fraudulent foreclosure filings.
3 Feb 2012 at 2:55pm
The New York Fed is asking for bids on some $6 billion in residential mortgage-backed securities from its Maiden Lane II portfolio it took on as part of the 2008 bailout of American International Group.
3 Feb 2012 at 6:36pm
Employers in Canada hired far fewer workers than expected in January, and the jobless rate rose unexpectedly to 7.6%, the highest level since April 2011.
3 Feb 2012 at 10:49am
With the expiration of a federal program designed to compensate Oregonians for falling timber sales, counties statewide are losing an allotment that has totaled $2.6 billion since 2000. That puts Curry County in a bind.
3 Feb 2012 at 7:55pm
Brazil's real climbed against the dollar after strong U.S. jobs figures outweighed the central bank's intervention in an attempt to weaken the currency.
3 Feb 2012 at 9:27am
Fed Chairman Bernanke warned lawmakers of the importance of the need to address the fiscal challenges facing the U.S.
3 Feb 2012 at 12:08pm
The rainy-day funds that U.S. banks have been tapping to boost their earnings could soon begin to dry up, and that doesn't bode well for bank profits.
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3 Feb 2012 at 9:52pm
Ashok Kumar, senior technology analyst at the Maxim Group, talks about the legacy of Micron Technology Inc.
3 Feb 2012 at 8:47pm
Report after report points to AT&T marrying Dish Network after Ma Bell's forced breakup with T-Mobile , but given the companies' increasing belligerence, you wouldn't think that was the case.
3 Feb 2012 at 6:37pm
Mayfield Fund's managing director Tim Chang is obsessed with the whole quantified self movement, where people use gadgets to keep track of their health and fitness.
3 Feb 2012 at 5:32pm
"Middling" takes place when a book loses to both sides of the betting market, as was the case classically so for Super Bowl XIII featuring the Dallas Cowboys and Pittsburgh Steelers.
3 Feb 2012 at 5:32pm
Facebook just filed for its initial public offering, finally giving us a look at how the company actually operates as a business.
3 Feb 2012 at 1:18pm
Employment climbed more than forecast in January and the U.S. jobless rate unexpectedly fell to the lowest in three years, casting doubt on whether the Federal Reserve can wait until 2014 before raising interest rates.
3 Feb 2012 at 1:17pm
Phil Falcone's Harbinger Capital Partners LLC lost 47 percent for investors in his main hedge fund last year as he was forced to slash the value of his troubled wireless venture by more than half, according to a person familiar with the results.
3 Feb 2012 at 1:15pm
MOUNT DORA, Fla. --- First Green Bank, which recently opened its award-winning headquarters facility in Mount Dora, will open a 5,000 square foot branch facility on Monday Feb. 6 at 175 W. Granada Blvd. in Ormond Beach. Kenneth LaRoe, chairman and chief executive officer of First Green Bank, said he appointed Jim Hester as market executive to head the branch facility. Hester, a Volusia County native, earned his Business degree from the University of Central Florida and has more than 15 years of experience in community banking in Volusia County. First Green Bank was named the region's Green Business of the Year in 2011 by the Central Florida Chapter of the U.S. Green Building Council (USGBC). First Green Bank's new headquarters facility in Mount Dora is the second privately constructed building in Florida to meet the USGBC's LEED Platinum standards for energy efficiency and environmental quality.
3 Feb 2012 at 12:24pm
SOUTH DAYTONA BEACH, Fla. --- The Beville Road Business Park in South Daytona, developed and owned by Winston-James Development Co., recently leased 1,050 square feet of office space to Apex Laboratories. Winston Schwartz, president of Winston-James Development, said the new tenant is a clinical lab doing medical testing for clients in East Volusia County.
3 Feb 2012 at 12:18pm
Breast cancer is a devastating illness that strikes down wonderful women in their prime through no fault of their own.A We lose our mothers, friends, and sisters after watching them go through agonizing treatments.A I have worked with cancer patients and have been with many dying people, yet it did not prepare me for the senseless death of my ... (more)
3 Feb 2012 at 12:18pm
A group of European regulators has written to Google Inc. calling on it to halt the introduction of its new privacy policy, saying it needs to investigate whether the proposals sufficiently protect users' personal data.
3 Feb 2012 at 12:17pm
LAKE FOREST, Fla. - Tolaris Homes which builds luxury homes throughout Central Florida, will start construction of a 5,000 square foot luxury home at Cedar Cove in Longwood within the next 30 days. Rick Bavec, president of Tolaris Homes, said the pre-sold luxury home at Cedar Cove will feature five bedrooms, four baths and a three-car garage.
3 Feb 2012 at 11:41am
On Wednesday, Feb 1, 2012, we published an article discussing some changes StumbleUpon made during their recent redesign which removed source links from their content pages and forced all users to view content from the site through an iframed toolbar, which they could not close if they were logged in.
3 Feb 2012 at 8:03am
Malev Zrt., the state-owned Hungarian airline founded in 1946, ceased flying after the government withdrew financing, becoming the second victim of European austerity measures in a week after the collapse of Spanair SA.
3 Feb 2012 at 3:58am
Glencore International Plc's approach for Xstrata Plc is unlikely to prompt Mick Davis, the 53-year-old South African who runs the company, to surrender the helm of the miner he built through a decade of dealmaking.
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