(Judgment collection) Jobless Claims Down, Economy Picks Up – Housing Drags Yields
January 25, 2009 by admin
Filed under D, Defaulted Mortgages, Judgement Liens, Loan Modifications, S
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Jobless Claims Drop
First-time Jobless Claims fell last week, contrary to what most analysts had expected. It was the lowest reading for initial claims in four months. The four-week moving average fell 9,750 to 311,500, easing some concerns about the job market.
Economy Perks Up
The final second quarter GDP results showed a rather quick 3.8% annual growth rate for the economy. Though less than the previous estimate of 4%, the revision represents a significant upside indicator for economic conditions. Changes to imports were primarily responsible for the downward revision to GDP.
New Home Sales Fall
Thursday’s report on New Home Sales reflected an 8.3% drop in purchases to an annual rate of 795,000 homes It is the largest decline since 1970 and the lowest level in seven years. While much of the economy looks healthy, housing remains a drag, and analysts do not expect to see recovery soon.
Five-Year Auction Draws Strong Demand – Yields Slip
Thursday’s five-year Treasury auction drew solid demand, lifting prices and lowering yields. Some had been concerned that worldwide demand for US debt had softened. The auction results, combined with overall soft sentiment about the economy, pushed MBS and Treasury prices higher, taking yields down. By the end of trading, the 10-year Treasury yield was down to 4.57%.
The next release will be Personal Income and Spending and Core PCE at 8:30 Eastern on Friday.
(Credit judgement) Using Paint to Chase Away the Winter Blues
January 25, 2009 by admin
Filed under D, Defaulted Mortgages, Judgement Liens, Loan Modifications, S
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By Joan Morris
RISMEDIA, January 24, 2009-(MCT)-Admit it. With all the holiday decorations stored away and the days still much too short for our liking, our houses feel like dark and joyless places. We’re suffering from a bad case of the winter doldrumsShare This With a Friend
6 Ways to Evaluate the Effectiveness of Your Training Department
By Sam Palazzolo
RISMEDIA, January 24, 2009-Nothing contributes more to your organization’s profits or losses than your agents. Having the right employee in the right position at the right time executing the right processes is a recipe for success. However, few managers are fortunate to have this recipe, consistently, in their …
(Find short sale) New Obeo Syndication Partnership Extends Reach to Millions of Home Shoppers
January 23, 2009 by admin
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RISMEDIA, January 23, 2009-Obeo, a provider of full-service residential real estate online marketing products in North America, is pleased to announce a new strategic, syndication partnership with VastTM, the leading vertical search platform for real estate, autos and travel.
In order to help consumers find the properties they are looking for, …
Fridays Featured Listing – 2007s Greenest Home in America Now on Market
RISMEDIA, January 23, 2009-Gary Fowles of The Hasson Company’s Bend, Ore. branch recently announced that the National Home Builders Association’s 2007 Greenest Home in America is now on the market, listed at $429,000.
“Imagine living in a home that was built with the most innovative technology and products,” says Fowles. “For …
Mortgage Rates Rebound to Three-Week High
RISMEDIA, January 23, 2009-Mortgage rates increased after falling in each of the previous three weeks. According to Bankrate.com’s weekly national survey, the average 30-year fixed mortgage rate is now 5.59% with an average of 0.3 discount and origination points.
The average 15-year fixed rate mortgage jumped to 5.2% and the average …
Getaways – Grand Ole Nashville
By Ellen Creager
RISMEDIA, January 23, 2009-(MCT)-A teenage boy grabs the microphone stand. He plants his feet at center stage. Then he grins and asks, “Can you take my picture?”Share This With a Friend
(A loan modification) Fridays Featured Listing – 2007s Greenest Home in America Now on Market
January 23, 2009 by admin
Filed under D, Defaulted Mortgages, Judgement Liens, Loan Modifications, S
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RISMEDIA, January 23, 2009-Gary Fowles of The Hasson Company’s Bend, Ore. branch recently announced that the National Home Builders Association’s 2007 Greenest Home in America is now on the market, listed at $429,000.
“Imagine living in a home that was built with the most innovative technology and products,” says Fowles. “For an affordable price, you receive …
New Recession-Proof Company Attracting Independent Brokers
RISMEDIA, January 21, 2009-Due to the ongoing downturn in the housing market, real estate brokers throughout the country have been tasked with reducing overhead, consolidating staff and offices, and reducing agent support and benefits. According to George Barlow, president of Executive Franchise Consulting, “With the continuing mortgage crunch and agents leaving the industry, real estate …
