Archive for February, 2010

Mortgage Debt – Greek deal puts Goldman Sachs in the firing line – again – The Guardian

Sunday, February 28th, 2010

Greek deal puts Goldman Sachs in the firing line – again – The Guardian


Washington Post
Greek deal puts Goldman Sachs in the firing line – again
The Guardian
Goldman Sachs has become embroiled in Greece's deficit crisis over a 2001 debt deal. Photograph: Simela Pantzartzi/EPA It is the most profitable investment
Scrutiny of Goldman's Role in Greek Debt Crisis Intensifies in USAlterNet (blog)
Fed to look into insurance contracts on Greek debtThe Associated Press
Is Wall Street Worsening Greece's Debt Crisis?ABC News
Market News International -The Nation.
all 567 news articles »

Burning down the house: Obama must turn his attention to mortgage crisis – New York Daily News


Tajikistan News
Burning down the house: Obama must turn his attention to mortgage crisis
New York Daily News
About one out of every four mortgages is under water, meaning the debt exceeds the home's value. The average loan in foreclosure is a year and a half
Friday Debt Dump, Part 1: Shhh — Fannie Mae Lost $72 Bil in 2009, Needs NewsBusters (blog)
Democrats' solutions cause more problemsNorwich Bulletin
UPI NewsTrack BusinessUPI.com
The Associated Press -Before It’s News -Zacks.com
all 750 news articles »

Greek deal puts Goldman Sachs in the firing line – again – The Guardian


Washington Post
Greek deal puts Goldman Sachs in the firing line – again
The Guardian
Goldman Sachs has become embroiled in Greece's deficit crisis over a 2001 debt deal. Photograph: Simela Pantzartzi/EPA It is the most profitable investment
Scrutiny of Goldman's Role in Greek Debt Crisis Intensifies in USAlterNet (blog)
Fed to look into insurance contracts on Greek debtThe Associated Press
Is Wall Street Worsening Greece's Debt Crisis?ABC News
Market News International -The Nation.
all 567 news articles »

Burning down the house: Obama must turn his attention to mortgage crisis – New York Daily News


Tajikistan News
Burning down the house: Obama must turn his attention to mortgage crisis
New York Daily News
About one out of every four mortgages is under water, meaning the debt exceeds the home's value. The average loan in foreclosure is a year and a half
Friday Debt Dump, Part 1: Shhh — Fannie Mae Lost $72 Bil in 2009, Needs NewsBusters (blog)
Democrats' solutions cause more problemsNorwich Bulletin
UPI NewsTrack BusinessUPI.com
The Associated Press -Before It’s News -Zacks.com
all 750 news articles »

Mortgage Debt – Exchange-traded funds offer low-cost diversification – Richmond Times-Dispatch

Sunday, February 28th, 2010

Exchange-traded funds offer low-cost diversification – Richmond Times-Dispatch
That group has lagged the overall financial sector and an expected period of increased commercial mortgage defaults should provide a buying opportunity when their stocks decline further. SPDR KBW Regional Banking ETF (KRE) is his choice.

Exchange-traded funds offer low-cost diversification – Richmond Times-Dispatch
That group has lagged the overall financial sector and an expected period of increased commercial mortgage defaults should provide a buying opportunity when their stocks decline further. SPDR KBW Regional Banking ETF (KRE) is his choice.

Mortgage Debt – No answers on health care – Bismarck Tribune

Sunday, February 28th, 2010

No answers on health care – Bismarck Tribune
You have got to the most intelligent man in the universe. You know what everyone else is thinking and you can pick out socialism better than anyone. The only good people are Republicans and you can back that up. Well, you are not any different from

No answers on health care – Bismarck Tribune
You have got to the most intelligent man in the universe. You know what everyone else is thinking and you can pick out socialism better than anyone. The only good people are Republicans and you can back that up. Well, you are not any different from

Mortgage Debt – FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders – BusinessWeek

Saturday, February 27th, 2010

FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders – BusinessWeek
Feb. 27 (Bloomberg) — The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank. The loans are backed in part by land

Why We Don’t Have Hyperinflation Even Though The Fed Has Printed $1 – The Business Insider
The economy grew in the fourth quarter by 5.9%, the most in years. The adjusted monetary base is exploding. Bank reserves are literally through the roof. The Fed is flooding money into the system in an effort to get banks to lend. An historically

More secrets of the 2010 homebuyer tax credit – ABC 15 News
The first-time homebuyer tax credit is a big incentive to look for a home right now. First-time buyers can get a federal tax break of up to $8000, if they strike a deal before April 30th. There’s a lot of information and details that may be

Predatory lending law pits Oregon bankers against government – MSNBC
PORTLAND, Ore. — The power to sue banks and lenders may be added to the attorney general’s attache within a matter of days. Currently, Oregon remains one of the few states that cannot pursuit legal action against lenders, even when they commit fraud

Berkshire chat: Live! – Omaha World-Herald
And don’t forget to stop by our new “Warren Watch” page on Omaha.com. It’s the hometown center for news and information about Berkshire Hathaway Chairman and CEO Warren Buffett. Click here for the Warren Watch page . The national slump in housing

Helping your elderly parents out of a credit squeeze – ABC 15 News
By STEVE BUCCI bankrate.com Dear Debt Adviser, My parents are 88 years old and 86 years old. They are physically and mentally fragile, but still living in their home with the assistance of aides provided by Medicare. My mother had a credit card that

California Attorney States Loan Modification Can Stop Foreclosure – PR Inside
While many California homeowners are struggling to keep up with their mortgage payments on homes that are worth less than their mortgage balances, they still want to stay in their home. “Homeowners are not interested in permitting their bank to

FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders – BusinessWeek
Feb. 27 (Bloomberg) — The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank. The loans are backed in part by land

Why We Don’t Have Hyperinflation Even Though The Fed Has Printed $1 – The Business Insider
The economy grew in the fourth quarter by 5.9%, the most in years. The adjusted monetary base is exploding. Bank reserves are literally through the roof. The Fed is flooding money into the system in an effort to get banks to lend. An historically

More secrets of the 2010 homebuyer tax credit – ABC 15 News
The first-time homebuyer tax credit is a big incentive to look for a home right now. First-time buyers can get a federal tax break of up to $8000, if they strike a deal before April 30th. There’s a lot of information and details that may be

Predatory lending law pits Oregon bankers against government – MSNBC
PORTLAND, Ore. — The power to sue banks and lenders may be added to the attorney general’s attache within a matter of days. Currently, Oregon remains one of the few states that cannot pursuit legal action against lenders, even when they commit fraud

Berkshire chat: Live! – Omaha World-Herald
And don’t forget to stop by our new “Warren Watch” page on Omaha.com. It’s the hometown center for news and information about Berkshire Hathaway Chairman and CEO Warren Buffett. Click here for the Warren Watch page . The national slump in housing

Helping your elderly parents out of a credit squeeze – ABC 15 News
By STEVE BUCCI bankrate.com Dear Debt Adviser, My parents are 88 years old and 86 years old. They are physically and mentally fragile, but still living in their home with the assistance of aides provided by Medicare. My mother had a credit card that

California Attorney States Loan Modification Can Stop Foreclosure – PR Inside
While many California homeowners are struggling to keep up with their mortgage payments on homes that are worth less than their mortgage balances, they still want to stay in their home. “Homeowners are not interested in permitting their bank to

Mortgage Debt – Buffett’s Shareholder Letter-Synopsis – Huffingtonpost.com

Saturday, February 27th, 2010

Buffett’s Shareholder Letter-Synopsis – Huffingtonpost.com
Book value increased 19.8% last year, gaining $21.8 billion in net worth, and is at $84,487 per share. In the last 45 years, Berkshire never had a five-year period during which its book value didn’t outperform the S&P 500. The company had net income

California Attorney States Loan Modification Can Stop Foreclosure – PR Inside
While many California homeowners are struggling to keep up with their mortgage payments on homes that are worth less than their mortgage balances, they still want to stay in their home. “Homeowners are not interested in permitting their bank to

Helping your elderly parents out of a credit squeeze – ABC 15 News
involved because the credit-card debt is in your mom’s name and your dad is paying for it. Here are some options all of you can discuss: Lower the interest. The high rate of interest being charged is bumping up the monthly payment payments.

More secrets of the 2010 homebuyer tax credit – ABC 15 News
The nation’s leading provider of consumer reviews on local service companies, Angie’s List, consulted highly-rated real estate agents for these history, a positive debt-to-income ratio, document of your assets, and at least three percent of

Gregory Karp Spending Smart – Chicago Tribune
Everybody seems to have some advice about how to spend your tax refund. But the best ways to use that money will vary among individuals. So instead of getting into specifics, and not to dwell on the usual advice of saving the money or paying debt, it

FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders – BusinessWeek
Feb. 27 (Bloomberg) — The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank. The loans are backed in part by land

Buffett’s Shareholder Letter-Synopsis – Huffingtonpost.com
Book value increased 19.8% last year, gaining $21.8 billion in net worth, and is at $84,487 per share. In the last 45 years, Berkshire never had a five-year period during which its book value didn’t outperform the S&P 500. The company had net income

California Attorney States Loan Modification Can Stop Foreclosure – PR Inside
While many California homeowners are struggling to keep up with their mortgage payments on homes that are worth less than their mortgage balances, they still want to stay in their home. “Homeowners are not interested in permitting their bank to

Helping your elderly parents out of a credit squeeze – ABC 15 News
involved because the credit-card debt is in your mom’s name and your dad is paying for it. Here are some options all of you can discuss: Lower the interest. The high rate of interest being charged is bumping up the monthly payment payments.

More secrets of the 2010 homebuyer tax credit – ABC 15 News
The nation’s leading provider of consumer reviews on local service companies, Angie’s List, consulted highly-rated real estate agents for these history, a positive debt-to-income ratio, document of your assets, and at least three percent of

Gregory Karp Spending Smart – Chicago Tribune
Everybody seems to have some advice about how to spend your tax refund. But the best ways to use that money will vary among individuals. So instead of getting into specifics, and not to dwell on the usual advice of saving the money or paying debt, it

FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders – BusinessWeek
Feb. 27 (Bloomberg) — The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank. The loans are backed in part by land

Mortgage Debt – Predatory lending law pits Oregon bankers against government – MSNBC

Saturday, February 27th, 2010

Predatory lending law pits Oregon bankers against government – MSNBC
PORTLAND, Ore. — The power to sue banks and lenders may be added to the attorney general’s attache within a matter of days. Currently, Oregon remains one of the few states that cannot pursuit legal action against lenders, even when they commit fraud

More secrets of the 2010 homebuyer tax credit – ABC 15 News
The first-time homebuyer tax credit is a big incentive to look for a home right now. First-time buyers can get a federal tax break of up to $8000, if they strike a deal before April 30th. There’s a lot of information and details that may be

FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders – BusinessWeek
Feb. 27 (Bloomberg) — The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank. The loans are backed in part by land

Helping your elderly parents out of a credit squeeze – ABC 15 News
By STEVE BUCCI bankrate.com Dear Debt Adviser, My parents are 88 years old and 86 years old. They are physically and mentally fragile, but still living in their home with the assistance of aides provided by Medicare. My mother had a credit card that

Predatory lending law pits Oregon bankers against government – MSNBC
PORTLAND, Ore. — The power to sue banks and lenders may be added to the attorney general’s attache within a matter of days. Currently, Oregon remains one of the few states that cannot pursuit legal action against lenders, even when they commit fraud

More secrets of the 2010 homebuyer tax credit – ABC 15 News
The first-time homebuyer tax credit is a big incentive to look for a home right now. First-time buyers can get a federal tax break of up to $8000, if they strike a deal before April 30th. There’s a lot of information and details that may be

FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders – BusinessWeek
Feb. 27 (Bloomberg) — The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank. The loans are backed in part by land

Helping your elderly parents out of a credit squeeze – ABC 15 News
By STEVE BUCCI bankrate.com Dear Debt Adviser, My parents are 88 years old and 86 years old. They are physically and mentally fragile, but still living in their home with the assistance of aides provided by Medicare. My mother had a credit card that

Mortgage Debt – With perfect hindsight, critics say bailout favored bankers – News-Democrat

Saturday, February 27th, 2010

With perfect hindsight, critics say bailout favored bankers – News-Democrat
Without the government bailing out mortgage giants Fannie Mae and Freddie Mac, disaster would have followed In fact, Wall Street bonuses for 2009 topped $20 billion, New York State’s comptroller reports. What could have been done instead?

Condo living just one way for boomers to save money – Edmonton Journal
Although many older baby boomers are choosing to retire at 60 or sooner, some prefer to keep working to maintain the lifestyle they enjoy. “We really haven’t thought about stopping work,” says Marian Walters, 60, who has been a property manager in

With perfect hindsight, critics say bailout favored bankers – News-Democrat
Without the government bailing out mortgage giants Fannie Mae and Freddie Mac, disaster would have followed In fact, Wall Street bonuses for 2009 topped $20 billion, New York State’s comptroller reports. What could have been done instead?

Condo living just one way for boomers to save money – Edmonton Journal
Although many older baby boomers are choosing to retire at 60 or sooner, some prefer to keep working to maintain the lifestyle they enjoy. “We really haven’t thought about stopping work,” says Marian Walters, 60, who has been a property manager in

Mortgage Debt – With perfect hindsight, critics say bailout favored bankers – News-Democrat

Saturday, February 27th, 2010

With perfect hindsight, critics say bailout favored bankers – News-Democrat
Without the government bailing out mortgage giants Fannie Mae and Freddie Mac, disaster would have followed In fact, Wall Street bonuses for 2009 topped $20 billion, New York State’s comptroller reports. What could have been done instead?

Greek debt crisis: What will happen to the eurozone? – YAHOO!
Paris – When the euro was in the process of being created during the 1990s, it was clear that it couldn’t ultimately survive without a European Ministry of Finance and the coordination of tax and fiscal policies for the whole of the eurozone

No answers on health care – Bismarck Tribune
Cw, you don’t even have a republican party. That party was for smaller government, balanced budgets, and a whole lot of other decent objectives. This party has not followed those objectives for many years. You must have spent a lot of time in foreign

Condo living just one way for boomers to save money – Edmonton Journal
Although many older baby boomers are choosing to retire at 60 or sooner, some prefer to keep working to maintain the lifestyle they enjoy. “We really haven’t thought about stopping work,” says Marian Walters, 60, who has been a property manager in

in brief – Las Vegas Review Journal
Wynn will hire 400 workers to staff clubs at expanded Encore A day after telling Wall Street about a $67 million expansion at Encore, Wynn Resorts Ltd. announced it needs to hire 400 workers to staff the new beach club and nightclub that will be part

CyberSaturday debate: Raising the debt ceiling – Green Bay Press-Gazette
GREAT BARRINGTON, Mass. — Congress has once again voted to increase the national debt, less than two months after its last vote to increase the debt. The gnashing of teeth over the new high water mark — $14.3 trillion — was largely a charade

Peter Boutell, Lending a Hand: Want to buy a home before you sell? – Santa Cruz Sentinel
“Can I buy a home before I sell?” The question is asked often, and you may be able to do it, but it might feel like you are putting the cart before the horse. It is a common dream: you want to take advantage of today’s lower prices, but you don’t

With perfect hindsight, critics say bailout favored bankers – News-Democrat
Without the government bailing out mortgage giants Fannie Mae and Freddie Mac, disaster would have followed In fact, Wall Street bonuses for 2009 topped $20 billion, New York State’s comptroller reports. What could have been done instead?

Greek debt crisis: What will happen to the eurozone? – YAHOO!
Paris – When the euro was in the process of being created during the 1990s, it was clear that it couldn’t ultimately survive without a European Ministry of Finance and the coordination of tax and fiscal policies for the whole of the eurozone

No answers on health care – Bismarck Tribune
Cw, you don’t even have a republican party. That party was for smaller government, balanced budgets, and a whole lot of other decent objectives. This party has not followed those objectives for many years. You must have spent a lot of time in foreign

Condo living just one way for boomers to save money – Edmonton Journal
Although many older baby boomers are choosing to retire at 60 or sooner, some prefer to keep working to maintain the lifestyle they enjoy. “We really haven’t thought about stopping work,” says Marian Walters, 60, who has been a property manager in

in brief – Las Vegas Review Journal
Wynn will hire 400 workers to staff clubs at expanded Encore A day after telling Wall Street about a $67 million expansion at Encore, Wynn Resorts Ltd. announced it needs to hire 400 workers to staff the new beach club and nightclub that will be part

CyberSaturday debate: Raising the debt ceiling – Green Bay Press-Gazette
GREAT BARRINGTON, Mass. — Congress has once again voted to increase the national debt, less than two months after its last vote to increase the debt. The gnashing of teeth over the new high water mark — $14.3 trillion — was largely a charade

Peter Boutell, Lending a Hand: Want to buy a home before you sell? – Santa Cruz Sentinel
“Can I buy a home before I sell?” The question is asked often, and you may be able to do it, but it might feel like you are putting the cart before the horse. It is a common dream: you want to take advantage of today’s lower prices, but you don’t

Mortgage Debt – RONNIE ELLIS: Interesting times for a colorful state – Daily Independent

Friday, February 26th, 2010

RONNIE ELLIS: Interesting times for a colorful state – Daily Independent
FRANKFORT — You know you live in Kentucky when the state legislature confronts a $1.2 billion shortfall but lawmakers spend time defending cockfighting. The U.S. Humane Society played video in the capitol rotunda this week showing a packed

Text Size – Chicago Tribune
Friday’s revision of growth in the final quarter of 2009 to 0.3 percent from an initial estimate of 0.1 percent assuaged fears that the country hadn’t exited recession, but economists warned the improvement remains shaky. Third quarter growth was

RONNIE ELLIS: Interesting times for a colorful state – Daily Independent
FRANKFORT — You know you live in Kentucky when the state legislature confronts a $1.2 billion shortfall but lawmakers spend time defending cockfighting. The U.S. Humane Society played video in the capitol rotunda this week showing a packed

Text Size – Chicago Tribune
Friday’s revision of growth in the final quarter of 2009 to 0.3 percent from an initial estimate of 0.1 percent assuaged fears that the country hadn’t exited recession, but economists warned the improvement remains shaky. Third quarter growth was

Mortgage Debt – Text Size – Chicago Tribune

Friday, February 26th, 2010

Text Size – Chicago Tribune
Friday’s revision of growth in the final quarter of 2009 to 0.3 percent from an initial estimate of 0.1 percent assuaged fears that the country hadn’t exited recession, but economists warned the improvement remains shaky. Third quarter growth was

When It’s OK to Walk Away From Your Home – Wall Street Journal
Millions of Americans are now deeply underwater on their mortgage. If you’re among them, you need to stop living in a dream world and give serious thought to walking away from the debt. No, you shouldn’t feel bad about it, and you shouldn’t feel

RONNIE ELLIS: Interesting times for a colorful state – Daily Independent
FRANKFORT — You know you live in Kentucky when the state legislature confronts a $1.2 billion shortfall but lawmakers spend time defending cockfighting. The U.S. Humane Society played video in the capitol rotunda this week showing a packed

Chapter 13 “Cramdown” (Claim Bifurcation): It’s Time! – Seattle Post Intelligencer
For well over a year legislation that would allow the “cramdown” of residential mortgages in Chapter 13 bankruptcies has been bumping around in Congress. Although there were some signs the banks would accept cramdown, so far the banks have

Text Size – Chicago Tribune
Friday’s revision of growth in the final quarter of 2009 to 0.3 percent from an initial estimate of 0.1 percent assuaged fears that the country hadn’t exited recession, but economists warned the improvement remains shaky. Third quarter growth was

When It’s OK to Walk Away From Your Home – Wall Street Journal
Millions of Americans are now deeply underwater on their mortgage. If you’re among them, you need to stop living in a dream world and give serious thought to walking away from the debt. No, you shouldn’t feel bad about it, and you shouldn’t feel

RONNIE ELLIS: Interesting times for a colorful state – Daily Independent
FRANKFORT — You know you live in Kentucky when the state legislature confronts a $1.2 billion shortfall but lawmakers spend time defending cockfighting. The U.S. Humane Society played video in the capitol rotunda this week showing a packed

Chapter 13 “Cramdown” (Claim Bifurcation): It’s Time! – Seattle Post Intelligencer
For well over a year legislation that would allow the “cramdown” of residential mortgages in Chapter 13 bankruptcies has been bumping around in Congress. Although there were some signs the banks would accept cramdown, so far the banks have