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Why Houston is Leading the Recovery
This chart tells the story of what I'm seeing through other economic indicators being released now and in recent ...
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Geithner: Careful Who You Listen To
Posted by: Nick Will |Disregard my grammar, I know it should be "to whom you listen." Sounds weird. More importantly, in comments released by Treasury moments ago about Sec. Geithner's statement today on financial reform to the American Enterprise Institute. Let's hope his words are heeded by Chris Dodd and congress more broadly. Words meet action, please...
Sen to Punch Financial Industry in Speech Today
Posted by: Nick Will |This is welcome news, courtesy of MIT Professor Simon Johnson, a notice that Sen. Ted Kaufman (Delaware) is set to lay down a few tenets that underscore the nation's financial situation. And he's spot on.
White House May Ban Some Foreclosures
Posted by: Nick Will |The inestimable Dawn Kopecki of Bloomberg posts this headline yesterday about some possible White House moves to ban some foreclosures -- at least for people under review for permanent loan modification. Right now, foreclosures are still allowed even while homeowners are under review for a loan modification program. Apparently the action under consideration at The White House would now allow foreclosure during that period. This would help. It would help homeowners acting in good faith to keep their homes - and it would help communities who suffer high foreclosure rates, which affect, at least for now, property values.
FHA Needs Funds: You Read It Here 6 Weeks Ago
Posted by: Nick Will |Okay so reading this blog is like getting the news 6 weeks early. Granted, I thought it would make the news at the end of September, and here it is in today's Times:
First Time Home Buyer Tax Credit to 04-2010 This Week?
Posted by: Nick Will |The Seattle Post PI.com is reporting that after clearing a Senate hurdle this week that the New Home Buyer Tax Credit of $8,000 is widely expected to pass congress this week to extend the credit into the spring season of 2010, which would be most welcome across the country. The program essentially creates a refundable $8,000 tax credit for qualified first-time home buyer tax credits (some limitations apply and "first" doesn't always mean "first"). This is very welcome news.
Rules on Choice of Title Company - Buyer Be(A)ware
Posted by: Nick Will |The Real Estate Settlement Procedures Act was passed by the U.S. Congress in 2008 to govern certain aspects of closing most residential transactions in the United States. RESPA had a giant impact on how business is conducted in certain segments of the real estate industry, especially in title/escrow companies and mortgage lending companies.
What is a Title Commitment
Posted by: Anna Gonzales |Explanation: