“When an asset like real estate becomes overvalued, even if you drop interest rates to zero, you can’t force consumers to borrow more, because they’ve already borrowed too much. […] Continue Reading…
Fair Isaac Corp.’s credit score— developed by engineer Bill Fair and mathematician Earl Isaac to help banks and department stores calculate their customers’ creditworthiness—has come to loom over consumer […] Continue Reading…
The rise in the FHA insured loan limits from $200,200 to $271,000 (low-cost markets) and the rise in limits to $417,000 (high cost markets) coupled with the raise in […] Continue Reading…
A quit claim deed is the legal way that one person (the grantor) transfers real property, such as a house or land, to another person (the grantee). As an […] Continue Reading…
The housing market prices are still falling and the decline is far from over. The housing prices plunged while the foreclosure rates are still rising.
Home prices plunged by a record 8.4 […] Continue Reading…
A new study shows exactly how and why that might occur: Home Price to Rent Ratio:
“U.S. house prices “likely would have to fall considerably” to return to a normal […] Continue Reading…
Housing slump and mortgage crisis combined to reshape population flows in 2007, according to demographic estimates released by the U.S. Census Bureau in early 2008
In particular, the data revealed […] Continue Reading…
The Federal Reserve surprised everyone Tuesday with an emergency intersession rate cut of .75%, the deepest cut in the Fed Funds Rate since 1984. The Fed Governors are acting […] Continue Reading…
Fed cuts the Fed Funds Rate 3/4 of a point.
“Don’t take today’s move … to mean that the FOMC is through,” said Richard Moody, chief economist at Austin-based Mission […] Continue Reading…
His speech and words moved the market. These are his words to help stimulate our economy:
Excerpts provided by nytimes.com (http://www.nytimes.com/2008/01/17/business/17cnd-fed.html?_r=1&hp&oref=slogin)
“We currently see the economy as continuing to grow, […] Continue Reading…
