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Finance, Economy & Government Issues Archive


Government to Spend $3 Billion to Help Homeowners

RISMEDIA, August 17, 2010—The White House said recently it would spend an additional $3 billion to help distressed homeowners in the states with the highest jobless rates to pay their mortgages. ...


U.S. Housing Prices Turn Positive in April

RISMEDIA, June 9, 2010—Integrated Asset Services®, LLC (IAS®), a leader in default management and residential collateral valuations, has released the latest IAS360® House Price Index (HPI). Based upon the timeliest and most granular data available in the industry, the benchmark for national house prices gained 0.9% in April. ...


Bankrate: Mortgage Rates Decline Amid Market Volatility

RISMEDIA, May 14, 2010—Mortgage rates were down for the third week in a row, with the average conforming 30-year fixed mortgage rate falling to 5.07 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points. ...


NAR Grants Help Make Homeownership More Affordable for Working Families

RISMEDIA, May 13, 2010—Despite today's tight economy, many areas of the country have not seen a significant drop in their high cost of living. To help meet this critical need for more affordable housing for low- to moderate-income working families, the National Association of Realtors® has awarded more than $3.4 ...


Regional Spotlight: April Home Sales Increased in Mid-Atlantic Region, Report Indicates

RISMEDIA, May 11, 2010—Metropolitan Regional Information Systems, Inc. (MRIS), a leading provider of real estate information technology and the largest multiple listing service in the nation, announced that the number of homes sold in the Mid-Atlantic region increased 25 percent* more during the month of April than during the same ...


SEC Charges against Goldman Sachs Send Shivers through Wall Street

RISMEDIA, April 20, 2010—It was with a measured amount of glee that I read Friday afternoon that the Securities and Exchange Commission had charged Goldman Sachs, (“We do Gods Work”) with fraud for packing a portfolio full of guaranteed-to-fail loans, lying to investors about the quality of those loans, and ...


The Avatar Economy

RISMEDIA, February 9, 2010—It looks amazingly real, but it’s as phony as a James Cameron movie set. ...


9 Things That Are Looking Up for 2010

RISMEDIA, December 29, 2009—This is the time of year when columnists either write about the major events of the past year or make predictions about the coming year. If you don’t know, I’ll let someone else tell you about 2009. ...


Free Webinar: Join Dennis Walsh from RE-buildUSA on ‘The Sleeper Program That Will Generate You More Business’

RISMEDIA, December 15, 2009—Join 1parkplace CEO Steve Hundley as he interviews Dennis Walsh from RE-buildUSA on this advantageous program for agents who are looking for an edge in this challenging market. Dennis is a fascinating innovator who has a brilliant program that every agent should know about. ...


Consumer Housing Q&A: Talk to Financial Counselor before Giving up House

RISMEDIA, December 8, 2009—(MCT)—Question: We bought a house that has been a rental property for us the last 16 years. It has an adjustable-rate mortgage of $162,000, which will adjust next year. I doubt we will be able to afford the payment, which is currently more than the rent collected. ...


Weak Real Estate Market Has Many Paying Less Property Tax This Year

RISMEDIA, December 8, 2009—(MCT)—Jose Olivas of Watsonville dropped off his check for property taxes Friday. Like many in the county, he owed less tax this year than last. ...


Are You a Victim of Predatory Lending?

RISMEDIA, December 1, 2009—Back in the day, predatory lending was pretty much confined to grifters combing poorer neighborhoods looking for elderly or ignorant homeowners with substantial equity. Oh, they’re still out there. ...


Putting Foreclosures in Perspective

RISMEDIA, November 3, 2009—When considering the implications of the current foreclosure situation, I believe we are being misinformed about the forces behind the high rate of mortgage defaults.  ...


Does Anyone Know What Happened to all of the Money?

RISMEDIA, October 6, 2009—Poor men want to be rich. Going back to when gold was currency, many a would-be alchemist tried unsuccessfully to turn some other less valuable material into the yellow alloy.  ...


Where Are All the REOs?

RISMEDIA, October 5, 2009—Certain things in life are simply meant to be mysteries. There are ages-old philosophical questions that have kept philosophers busy for millennia: What is the sound of one hand clapping? If a tree falls in the forest and no one is there, does it still make a ...


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