Class War 101
Source:
"....which is to say that we've finally learned our bitter Brady Bunch lesson: The economic elite of this country is made up of people whose exterior features look human, but whose brains are reptilian."
Right Kind of Bailout
Source: National Review Online
In financial terms, "liquidity" refers to the amount of capital available for lending. During the housing-bubble years, the economy suffered an excess of liquidity, with too much money chasing too few good deals.
(This is my first article that I have written on Newvine).
The Hamptons Half-Price Sale; The Rich Feel the Pinch
Source: Wall Street Journal
At first glance it's a gated mansion worthy of a Gilded Age: more than 14,000 square feet with eight bedrooms, 9½ bathrooms, five fireplaces, a pool, a pond, a tennis court and ocean views all nestled amid fields perfect for lavish summer parties.
Talking Apple in the land of foreclosures - CNET News
Source: CNET.com
MODESTO, Calif.--As a driver for United Parcel Service and an Apple fan, Jeff Maciel is in an interesting position to observe how Central California's San Joaquin Valley is coping with a deepening recession just as Apple moves into the neighborhood.
53% of rescued borrowers default anyway
Source: CNN
Top federal regulator says many mortgages that are modified end up in default within 6 months.More than half of delinquent homeowners whose mortgages were modified earlier this year ended up redefaulting within six months, a top bank regulator said Monday.
Barack Obama Jokes
Source:
Barack Obama and a kangaroo pull up to a gas station. The gas station attendant takes one look at the kangaroo and says, "You know, we don't get many kangaroos here." Barack Obama replies, "At these prices, I'm not surprised.
Receiver to oversee Metropolitan Place
Source: madison.com
The settlement ended a foreclosure action that the banks filed in January against Fisher, who was alleged to have defaulted on loans from La Salle and Associated by failing to make payments of principal and interest since Oct. 1. As of Jan.
Deal pending in Metropolitan II lawsuit
Source: madison.com
The deal could also enable Willy Street Co-op to resume construction on the store it is trying to build on the first level of the 164-unit condominium tower at the corner of Broom and West Mifflin streets.
Stagflation: Inflation's Brutal Big Brother
Source: OpEdNews.Com Progressive
Inflation's a drag but Stagflation is a nightmare. If you don't know the difference, read this article for a front row seat for the Apocolypse.
Housing crisis tests GOP loyalties
Source: The L.A. Times
The party could suffer in fast-growing exurban counties, where the real estate market is worst. The shift away from the GOP is partly the result of more liberal voters moving into the county from Washington and Democratic suburbs.
A few things you didn't know about buying foreclosures
Source:
There is an increasing number of people interested in buying foreclosure property. The laws that govern this can heavily favor the homeowner and presents great risk for investors if the transaction is not constructed properly.