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Archive for March, 2012

Break Up The Big Banks — Now or Later?

Break Up The Big Banks — Now or Later?

Lurking behind the presidential campaign of 2012 is the huge money issue of what to do with the big banks. Yes, it’s true that most passed their stress tests — at least 15 of 19 big institutions were able to make it — but would the financial system be better off if we started now […]

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FHA Mortgage Insurance Goes Discount

FHA Mortgage Insurance Goes Discount

Discounted FHA mortgage insurance will soon be here, at least for some homeowners. Borrowers with older FHA loans are about to get access to a new program that could save them big money. According to the White House, “the FHA currently charges an up-front mortgage insurance premium of 1% of the borrower’s loan balance and […]

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American Chopper’s Paul Sr. Outsmarts on Celebrity Apprentice

American Chopper’s Paul Sr. Outsmarts on Celebrity Apprentice

When it was announced in January that Paul Teutul Sr. would be part of the 2012 Celebrity Apprentice cast there were more than a few curious comments posted online. How well could Paul Sr. do when much of his managerial style seems to involve yelling and screaming? Now several weeks into Celebrity Apprentice and the […]

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Why Bloomberg Is Wrong About Goldman Sachs: Clients Vs. Customers

Why Bloomberg Is Wrong About Goldman Sachs: Clients Vs. Customers

Take this job and shove it has been a war cry for the working class and lottery winners since Johnny Paycheck first sang it in 1977. Now it seems that it’s not just folks who work on farms and factories who identify with the song, it’s also folks on Wall Street. After 12 years poor […]

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RealtyTrac: Foreclosure Activity Up As Robo-Signing Cases Tail Off

RealtyTrac: Foreclosure Activity Up As Robo-Signing Cases Tail Off

With arguments regarding robo-signing and note ownership drawing to an end, RealtyTrac reports that foreclosure activity  — default notices, scheduled auctions and bank repossessions — were reported on 206,900 U.S. properties in February. That’s up 8 percent from February 2011. “February’s numbers point to a gradually rising foreclosure tide as some of the barriers that have been holding […]

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Will debt to China raise US mortgage rates?

Will debt to China raise US mortgage rates?

Our growing debt to China is much in the news, so will it lead to higher mortgage rates? Worries about what we owe to China are much more of a problem at this point for the Chinese then for us. To understand why let’s take a look at some facts. First, we owe the Chinese […]

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Realty Trac: Foreclosures Equal 24% of US Home Sales

Realty Trac: Foreclosures Equal 24% of US Home Sales

Almost one of every four home sales was in some stage of foreclosure at the end of 2011 according to RealtyTrac, the leading source of foreclosure and REO data and listings. The data confirms what has long been expected: Real estate inventory is swollen with distressed property — and as long as the available housing […]

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