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Mortgage
Calculated Risk:
From Lew Sichelman at the LA Times: Owners' willingness to 'strategically default' on loans depends largely on how far underwater they are (ht Ann)Most of the LA Times article is based on the paper by Guiso, Sapienza and Zing (Read More)
News Network:
Real Estate Not Mainstream
Topic:
Real Estate Agents
New York Times:
Investment funds are buying mortgages, trimming some of them to the benefit of homeowners, and shifting any risk to the federal government.
. (Read More)
New York Times:
Investment funds are buying mortgages, trimming some of them to the benefit of homeowners, and shifting any risk to the federal government.
. (Read More)
The Guardian:
Customers of Harlequin Property express anxiety about delayed holiday home developments on Barbados, St Vincent, St Lucia and Dominican Republic, says Graham NorwoodBuyers of Caribbean holiday homes from a British developer f (Read More)
guardian.co.uk Politics:
Chance of hung parliament as Conservative lead falls to 6%Labour's hopes of avoiding a general election rout at the hands of David Cameron's Tories will be boosted today as a new poll shows a sharp fall in the Conservatives' (Read More)
www.guardian.co.uk:
Colleagues laughed when a young journalist in Palestine announced his intention to tell the story of that region though cartoons. Twenty years later, Joe Sacco is one of the world's leading exponents of the graphic novel form (Read More)
guardian.co.uk Society:
Aaron Cohen travels the world, rescuing girls sold into prostitution. He tells Carole Cadwalladr why he does it – and how a suburban kid turned heroin addict became a human rights campaignerI don't know where to even start w (Read More)
Recent News from IFA Life:
Quantitative easing: has it worked, how long can it continue and what happens when it stops? Is the banking crisis over? Should the central banks and governments balance their books and allow the economy to heal itself? (Read More)
Calculated Risk:
Meredith Whitney expressed concern about what will happen when the Fed stops buying GSE MBS by the end of the first quarter 2010. From Bloomberg: Meredith Whitney Says Bank Stocks Are ‘Grossly’ Overvalued The Federal Reserve (Read More)
News Network:
Real Estate Not Mainstream
Topics:
Fannie Mae,
Freddie Mac
New York Times:
Investments funds are buying blocks of mortgages, trimming the size of some of them to the benefit of homeowners, and shifting any risk to the federal government.
. (Read More)
Calculated Risk:
From Tim Duy: The Fed in a Corner Over the years, I have warned a seemingly countless number of undergraduates that Fed's hold on monetary independence was tenuous at best. Independence is not guaranteed by the Constitution. (Read More)
News Network:
Real Estate Not Mainstream
guardian.co.uk Society:
After the freedom of university and living with her boyfriend, Lucy Tobin is back at her parents' house. But how do you have a grown-up relationship – including a sex life – when Mum and Dad are around? And how do they feel a (Read More)
The Guardian:
Despite the downturn, it is an investment that has been as safe as houses, rising by an average of 111% over the decade, reports Rupert JonesForget the stockmarket and high-interest savings accounts – the best place for your (Read More)
The Guardian:
Investors in Thomas Cook and Tui Travel must wish they could get away from it all. The two travel companies were the biggest fallers in the leading index following downgrades on both companies from Morgan Stanley. In particul (Read More)
Money RSS Feed:
Mortgage brokers have been badly hit by the credit crunch, with more than half of intermediaries going out of business in the past two years. There are now only 12,500 brokers offering independent mortgage advice in the UK, d (Read More)
Calculated Risk:
Here is some national data on home buyer financing in October. This is from a survey by Campbell Communications (excerpted with permission) released today.Source: October Trends in Existing Home Sales, a presentation from Cam (Read More)
News Networks:
Economics And Finance,
Real Estate Not Mainstream
Topics:
Home Sales,
Finance
Seattle Real Estate ~ Rain City Guide:
Underwriting guidelines continue to get tougher. This week FHA tightened her belts on streamline refinances and over the weekend of December 12, 2009, Fannie Mae’s DU 8.0 will be implemented. DU 8.0 will require:minimum c (Read More)
News Network:
Real Estate Not Mainstream
Topics:
Fannie Mae,
Freddie Mac
Calculated Risk:
From housing consultant Ivy Zelman commenting on the MBA Delinquency report in the NY Times U.S. Mortgage Delinquencies Reach a Record High"I’ve been pretty bearish on this big ugly pig stuck in the python and this cements my (Read More)
News Networks:
Economics And Finance,
Real Estate Not Mainstream
guardian.co.uk Sport:
• Williams: 'I have no reason to stop at this time in my life'• New shareholder Wolff a 'very shrewd businessman'Frank Williams has sold a minority stake in his multiple championship-winning Formula One team for the first tim (Read More)
The Guardian:
Nationwide, Britain's largest building society, has seen first-half profits halve due to low margins and high bad debt provisions.Underlying profits before tax, stripping out one-off gains, fell to £117m in the six months to (Read More)
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