More info…
” A state agency awarded more than $26 million in tax credits for affordable housing Thursday — including awards that will support two controversial projects in Midtown Cleveland.”
Risk Pays Off, While Treasury Plays Run Aground
” Corporate bonds and asset-backed securities recovered to levels last seen before the financial world fell apart in September, and the thawing credit markets enabled more borrowers to raise cash.”
The June Non-farm Payrolls Report
“The headline jobs number came out worse than expected, and the paint peeled off the US stocks tape from its recent run into the end of the second quarter.
The trend herd had been looking at the bounce off the bottom and before today’s number had some hopes that the leveling off or even a surprise to the upside would confirm a bottom in the economy. The sharp downturn threw cold water on those happy thoughts.”
Beazer To Pay Up To $53M To End Mtge Fraud Charges
“Beazer Homes USA Inc. (BZH) will pay up to $53 million to settle mortgage fraud charges related to federally insured mortgage loans the company made to buyers of its homes, the Justice Department announced Wednesday.”
Housing finance reforms were nearly scrapped
‘At one stage, despite all the effort that has gone into finding solutions, it looked as if reform would be put into the too difficult tray in Whitehall, he said.
Fortunately it has not and there now lies ahead the challenge of delivering what the minister calls a radical dismantling of the notorious system.
Housing authority awarded funds
“The Concord Housing Authority could begin building a development at Parmenter Road by the fall, after receiving federal funding to help the project along.”
Related Websites -
My Thoughts On This Whole Mortgage Crisis And Why I Don't Feel That Bad. Here is the thing - I do not own a house. I do not have a mortgage. Why? I cannot afford one here where I live. My rent is $1,949 a month, and a house equivalent in size to my apartment would be about $1 million dollars. This would mean...... -
Getting Back To The Chore Chart Man have I been a lazy bones recently! It's the worst! People tell me to rest while I still can, and I think I am taking that advice way to literally. My house is a disaster, and I wish I could say that I was doing something so productive...... - Home Prices to Fall Another 30%: Analyst Who Called Crash Makes Bearish Call on Real Estate Several readers have emailed me over the past few weeks asking my opinion on the current state of the real estate market after my post on mark-to-market accounting practices. The gist of these questions went something like this: Is now the time to buy a house? Have we hit a......
- Another Housing Article As if there wasn't enough bad news floating around about the housing market, BusinessWeek had another article on it.The option adjustable rate mortgage (ARM) might be the riskiest and mostcomplicated home loan product ever created. With its temptingly lowminimum payments, the option ARM brought a whole new group of buyers......
- Missed Fortune 101 -- Horrible Advice! I heard about Douglas Andrew's Missed Fortune 101 when somebody recommended it for the "Best Financial Book I've Ever Read" series on FreeMoneyFinance. (FMF is merely the messenger, so don't shoot him! :)) It immediately drew criticism from other readers. I posted a comment after reading part of the book......
You must log in to post a comment.