Posts about Mortgage Market Report as of October 22, 2009

There you sit, hunched over for a minute or hours from the day to day hectic pace which propels you forward, or so you are told. Like the rest of us, captivated by the Internet in some way shape or form. You might have just come home from your job at Walmart, or you stopped at the PC to check mail before heading out to work at Google. You could be a work at home Mom, a programmer analyst, car salesman, fireman, policeman, butcher, baker or candlestick maker.

Who does Obama and the Democrats think they are?  Do they really think to demonize absolutely everyone in the nation that they can bully us into forced government run health care.   No.  Will not happen if I have anything to say about it.  This is one area that is very personal and I am the only one that can make the choices I need for me.  How about you?   DO NOT PASS THIS BILL!!!  This administration has shown a pattern of distrust, threats and intimidation and they call it Chicago politics. 

From CNN By David Goldman The $700 billion bailout will ultimately cost taxpayers billions of dollars, but the government stands to lose much more than the money it’s pouring into companies.Neil Barofsky, special inspector general for Treasury’s financial sector rescue, wrote in a report released Wednesday that the bailout has several hidden costs.One is the hard cost of borrowing money to fund the rescues of banks and other companies.

The dollar is not going to crash. In fact, many economists believe that the dollar will rally when the Fed ends its quantitative easing program (QE) sometime in early 2010. The Fed is on track to buy nearly $2 trillion dollars of mortgage-backed securities, US Treasuries and agency debt. In other words, the Fed is printing money and pumping it into the housing market to keep the market from collapsing. This keeps interest rates low, but it also weakens the dollar.

Credit Suisse said Thursday it earned 2.4 billion Swiss francs in the third quarter as strong results at its investment banking unit helped it bounce back from a big loss in the same period a year earlier, David Jolly reported in The New York Times.The profit, equivalent to about $2.4 billion, marked a major turnaround from a loss of 1.3 billion francs in the July-September period of 2008. It was also a substantially stronger result than had been expected in the market.

Source: Huffington Post WASHINGTON – The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday. Under the worst of circumstances, the report said, the government’s maximum exposure could total nearly $24 trillion, or $80,000 for every American.

by Mike · 0 comments Bad Credit Repair Roadblocks Forces Big-Time Consumer Advocate To Condemn Current Credit Reporting  System In Front Of  Senate Subcommittee!80% of all credit reports contain reporting errors!25% of credit reports contain reporting errors serious enough to get your mortgage application REJECTED!U.S. Public Interest Research Group (U.S. PIRG) further warns thirty percent (30%) of your reports incorrectly report closed accounts as open accounts and fifty-four (54%) of your reports contain personal information that is wrong or inaccurate.Is this a problem?Hell yes, this is a problem.

While the economic slump is beginning to end, it is still not too late for you to take benefit of the market. With record low interest rates and even lower home prices, now is the time to purchase. There are a lot of varied federal government home loans available to take advantage of. Don’t waste this once in a lifetime opportunity to get a low interest rate on a home with a federal government loan. With so many homes on the market because of foreclosure, and new construction trying to compete with foreclosures, you will have many different sellers challenging for your mortgage.

Dandelion Salad’s Tweets – dandelionsalad.wordpress.com 10/22/2009 Dandelion SaladBy Mike WhitneyInformation Clearing House October 21, 2009The dollar is not going to crash. In fact, many economists believe that the dollar will rally when the Fed ends its quantitative easing program (QE) sometime in early 2010. The Fed is on track to buy nearly $2 trillion dollars of mortgage-backed securities, US Treasuries and agency debt. In other words, the Fed is printing money and pumping it into the housing market to keep the market from collapsing.

Oct22 News AnchorThe Motley Fool – There are a lot of shady people hoping that you’re after instant riches — or at least a boost toward making up for your recent stock market losses. Boy, do they have the sales pitch down pat. There are tax scams, penny-stock huckster scams, instant-messaging scams, Nigerian confidence scams, mortgage-servicing scams, wrong-number pump-and-dump scams, bad-roommate-from-Craigslist scams.

Zhone Technologies Inc. (NASDAQ: ZHNE)(D*) * Financial status indicator is deficient: Issuer failed to meet NASDAQ continued listing requirements Zhone Technologies Inc. (ZHNE) designs, develops and manufactures communications network equipment for telephone companies and cable operators worldwide. The Company’s products allow network service providers to deliver video and interactive entertainment services in addition to their existing voice and data service offerings.

1) 23 states report higher unemployment in September (AP) Unemployment rates rose last month in 23 states and fell in 19 as the economy struggled to create jobs in the early stages of recovery. 2) TARP report slams lack of transparency (USATODAY.com) In a scathing report out today, a government watchdog blasts the Treasury Department for its handling of a $700 billion bailout 3) Like the U.S. does not have enough problems, some of our allies are bolting out of the war.

California is on path for a record 2009.  By the end of the year over 475,000 notice of defaults will be sent to California homeowners.  This of course is simply from lenders that actually even bother to send a notice of default.  The shadow inventory is growing and we have some concrete data showing the […] California is on path for a record 2009.  By the end of the year over 475,000 notice of defaults will be sent to California homeowners.  This of course is simply from lenders that actually

Want Peace. Give Nukes the Nobel.Time Magazine has an interesting article that bucks their usual shtick. The article advocates giving nuclear weapons the Nobel Peace Prize  for helping to keep several wars from happening.UN Calls for Dropping Dollar as World Reserve CurrencyThe UN along with a whole host of countries  is witnessing what the government and the Federal Reserve is up to.  Oh wait, you don’t know what they are up to? OK quick economics lesson.

Dandelion SaladBy Mike WhitneyInformation Clearing House October 21, 2009The dollar is not going to crash. In fact, many economists believe that the dollar will rally when the Fed ends its quantitative easing program (QE) sometime in early 2010. The Fed is on track to buy nearly $2 trillion dollars of mortgage-backed securities, US Treasuries and agency debt. In other words, the Fed is printing money and pumping it into the housing market to keep the market from collapsing.

Oct 21, 2009 -Market oracleBy: Jim_Willie_CB The US Federal Reserve continues to talk about their urgent Exit Strategy. My theory is they will be doing mostly talking and almost no doing. The nations that talk the least will be hiking interest rates the most, like Australia. The United States might be dead last in hiking interest rates. The credibility of the USFed will in the process continue to be harmed much more than already, which is rock bottom.

What is the importance of credit score? Frankly it is a very basic and Indeed a very good question. Let’s try to find out the history behind credit scores and how it came into existence. What was the inherent need of having it in the first place? Bankers and credit card agencies who give loans would like to know the risk they are taking. That in turn also affects the APR they are going to charge. Banks have to provide Non Performing assets at the end of the fiscal year and declare to its shareholders.

Hudson City Bancorp’s ( HCBK ) third quarter 2009 operating earnings came in at 27 cents per share, a penny ahead of the Zacks Consensus Estimate’s 26 cents per share. This was an increase over 25 cents last year. The company continued to experience strong lending revenue, even though provisions for losses increased and other credit quality metrics worsened. Net income increased 10.8% to $135.1 million as compared to $121.9 million in the prior-year quarter.

1) “The UK’s spiralling debt will lead to tax rises, spending cuts and delayed retirement far beyond what is being discussed, a think tank has said.” Tell me something I don’t already know. 2) Another reason why the recovery is way off……way off! Housing-related job sectors taking the big long-term hit 3) The Story Of 21 Year Old With The Underwater FHA Loan Is Even Worse Than You Think “Denise got an FHA loan to buy her home for $155,000. She took out a second loan (called a 203-K loan) to refurbish the place.

Before the market opened this morning, Wells Fargo ( WFC ) reported third quarter 2009 diluted earnings of 56 cents per common share, compared with 57 cents in the second quarter 2009 and 49 cents in the third quarter 2008. Net income applicable to common shareholders came in at $2.6 billion, almost flat compared with the prior quarter and up 61.1% year-over-year. The results were substantially ahead of the Zacks Consensus Estimate of 35 cents per share.

Panel told N.H. should expand gambling before Mass – Seacoast Online CONCORD, N.H. (AP) — A commission studying gambling in New Hampshire is being told if its going to expand gambling it should act before Massachusetts does. The suggestion was made by experts for Rockingham Park in Salem, Seabrook Greyhound Park … Desperate Times Call for Desperate Measures – New York Times It’s an intriguing idea, especially since the profession had such a cozy relationship with vice in the old days.

Longbox Digital comics | Technology columnist Andy Ihnatko spotlights LongBox Digital , the much-anticipated “iTunes for comics,” and claims he’s “pretty sure” the company is entering into a “formal alliance” with Apple: “Comic-industry cluelessness and their inability to unite towards a common, mutual good are the two main reasons why we haven’t seen anything like LongBox before. But they probably haven’t been as serious a roadblock as the simple lack of any portable device that’s perfectly-suited to reading digital comics.