Saturday, November 22nd, 2008

Posts Tagged ‘ home foreclosures ’

Government Rolls Out Long-Sought-After Anti-Foreclosure Program

Nov 12th, 2008 | By William Patalon III | Category: Financial News

Fannie Mae (FNM) and Freddie Mac (FRE), the mortgage giants taken over by the federal government back in September, will lower monthly payments for hundreds of thousands of struggling U.S. homeowners as part of a plan to accelerate anti-foreclosure efforts, federal officials announced yesterday (Tuesday).



Study of Great Depression Shows Postponed Foreclosures and Spikes in Mortgage Rates

Nov 6th, 2008 | By William Patalon III | Category: Financial News

It was January 1934. The Great Depression was five years old – but still had another five years to run.
The carnage was horrific: From 1929 to 1934, U.S. personal income plunged 44%, real output nosedived 30% and the unemployment rate soared to 25% of the American labor force.



Fears of Mortgage Rate Re-Sets May Fuel LIBOR Manipulation

Oct 24th, 2008 | By Shah Gilani | Category: Financial News

It’s panic time for U.S. legislators, regulators, banks and lenders. More than $24 billion worth of adjustable-rate mortgages (ARMs) are expected to “re-set” to higher interest rates in November – boosting the likelihood of further home foreclosures.



Home Foreclosures Continue to Soar Delaying U.S. Economic Recovery

Jun 16th, 2008 | By Jennifer Yousfi | Category: Real Estate Investments

There’s more bad news ahead for the U.S. economy as home foreclosures continue to rise. One out of every 483 U.S. households is at some stage of the foreclosure process, and with that many displaced or struggling homeowners, the economic recovery may well take longer than expected.



Home Foreclosures Continue to Rise

May 14th, 2008 | By Jennifer Yousfi | Category: Real Estate Investments

Foreclosure filings hit an all-time high with a 65% year-over-year increase in April and a 4% increase from March, RealtyTrac reported yesterday (Wednesday).



Dollar Prolongs its Slide

May 7th, 2008 | By Doug Casey | Category: US Dollar & Forex Trading

In the currency market, the dollar slipped some more against the euro. Late Tuesday, the euro was trading at $1.5525 vs. $1.5491 on Monday.



First Step or False Signal…Could Last Week’s Surge in Stocks Signal a Rebound Ahead?

Apr 21st, 2008 | By William Patalon III | Category: Stock Market Investing

It’s earnings season again. But with an odd twist. You see, most investors realized that earnings season would be dismal; so when the results came in pretty much as expected, many investors seemed to find that the news, especially among financial, was not worse and went on a buying spree.