Despite the Fed’s efforts to support the mortgage market and keep rates low, it just hasn’t been enough in the last few days to overcome the concerns about the economy. Stocks, treasuries and mortgage prices have tumbled today after dim prospects for the economy were highlighted with Durable Goods Orders and New Home Sales figures both falling in December.
Mortgage-backed security investors are fearful of owning mortgages when the future of the economy still seems so uncertain.
Added by Christopher Jordan on January 29, 2009 at 5:14pm —
So can we really get rich quick? We all get bombarded with the emails and ads on ‘HOW TO MAKE A MILLION DOLLARS IN A DAY’ or ‘YOU CAN MAKE A MILLION DOLLARS DOING NOTHING,’ and we continue to pursue those desires.
Everyday, people search and search and search for ways to make a quick buck. We pay thousands of dollars on different seminars and programs to get to a result quicker than when it’s suppose to happen. So many people play the lottery, go to the casinos, and try to do any and… Continue
Added by Brian Turner on January 29, 2009 at 10:00am —
On December 9, 2008,
The National Association of State Units on Aging (NASUA)
released a report, "The Economic Crisis and Its Impact on State Aging Programs."
The report reveals that 70% of states are anticipating cuts in programs for older adults and adults with disabilities in 2009. At the same time, demand for services is rising.
NASUA's research shows that nearly 85% of states are experiencing more requests for transportation… Continue
Added by Right at Home DC on January 27, 2009 at 12:54am —
Mortgages are weaker today, rates generally higher, as the market absorbs some negative news surrounding the financial sector. Bank of America, the country’s largest bank by assets, posted its first loss in 17 years and has received $138 billion in assistance from the government. Citigroup posted a much larger than expected loss and has announced that it will split into two companies. In addition, an increase in foreclosure filings is weighing on the mortgage market. Treasuries are also… Continue
Added by Christopher Jordan on January 16, 2009 at 1:22pm —
I hope yall had an opportunity to watch Oprah's show last Thursday on finances with Suze Orman - it was GREAT!!!
You can download Suze Orman's 2009 Action Plan Book from www.oprah.com for free until 1/15/2009.
Added by Monique Gregory on January 15, 2009 at 8:14pm —
Recent studies estimate that 24 million caregivers, or about 16 percent of the population, provide care to adults ages 50 years or older in the United States. These people feel unprecedented pressure to find immediate assistance as they try to balance their own career and family with the care needs of their loved one. In the process, many unknowingly create a risky situation for everyone involved.…
Added by Right at Home DC on January 13, 2009 at 9:00am —
Learn how to:
1. Recession Proof yourself / family
2. Create New Money in Today's Economy
3. Increase your lifestyle without getting a second job
Recession Proof Yourself
Create New Money
Added by ASH Brothers on January 10, 2009 at 6:35pm —
New Fannie Mae Loan Fees Target Condo Buyers, Among Others
Posted: 08 Jan 2009 09:45 AM CST
When conforming mortgages started defaulting en masse in late-2007, mortgage guarantor Fannie Mae created a loss-offsetting, fee-generating scheme dubbed "loan-level pricing adjustments".
The concept was basic: For mortgage applicants with high-risk profiles, collect up-front payments to offset potential long-term losses.
Similar to the auto insurance model in… Continue
Added by Bryant Stewart on January 9, 2009 at 9:28am —
First off, before I go into details of answering the question, I am not implying that having good credit is not important. If you have a high credit score, that’s great. It will help you get a lower interest rate, get approved for certain things that lower credit score borrowers will not have access to, and you can tell the world you have a 700+ FICO score. But looking at the bigger picture, what does it really do for you?
Growing up, society taught us that having a great credit… Continue
Added by Brian Turner on January 9, 2009 at 9:00am —
NowUKnow Online offers the convenience of high quality and affordable classes via the Internet through webinars.
So what is a Webinar
"A webinar is an acronym for Web Based Seminar
Attending a webinar is like attending any seminar apart from the place where the event takes place.
Instead of meeting in a conference room, you will meet in a virtual conference room on the web. Joining a meeting does not take long – just follow the… Continue
Added by NowUKnow.com on January 8, 2009 at 8:22pm —
I was reading one of my favorite books, 48 Laws of Power by Robert Greene and after reading Law 34 (Be Royal in your Own Fashion), I wanted to pass along this passage: Continue
“As children, we start our lives with great exuberance, expecting and demanding everything in…
Added by Brian Turner on January 3, 2009 at 1:30pm —
The community was created to provide a new level of awareness in terms of your business and investing
. Post articles and discuss them with other members to truly understand the news being reported. Are you tired of rumors when it comes your financial future? Create blogs, network, post videos and pictures, and share resources with others to get the right information.
Want to learn how to start a business from home; or network the right way to obtain that key business contract?… Continue
Added by NowUKnow.com on January 1, 2009 at 6:30pm —