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Finance, Economy & Government Issues Archive


Senate Starts to Tinker with $900 Billion Stimulus Plan

RISMEDIA, February 4, 2009-(MCT)-A divided and discontented Senate on Monday began debating a nearly $900 billion economic stimulus plan, while President Barack Obama launched a new grassroots campaign asking Americans to prod their lawmakers to act on it. ...


What Comes Next – The Fallout of America’s Buying Binge

RISMEDIA, February 4, 2009-(MCT)-For many consumers, the jig is up. After years of supersizing our houses, cars, meals and closets, Americans' buying binge seems to be over. ...


30-Year Mortgage Rates Rise to 5.25%

RISMEDIA, February 4, 2009-The weekly average rate borrowers were quoted on Zillow for thirty-year mortgages rose again last week to 5.25%, up from 5.12% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate website Zillow.com(R). Meanwhile, rates for 15-year fixed mortgages increased ...


As Senate Takes on Stimulus, Everything’s Up for Debate

RISMEDIA, February 3, 2009-(MCT)-The U.S. Senate this week will debate the future of the American economy. Everything's up for discussion and subject to largely unpredictable votes: How to levy taxes, create jobs, help people buy homes, reinvigorate ailing state and local governments. ...


John Geha Named President, Coldwell Banker Canadian Operations

RISMEDIA, February 3, 2009-Noted management consultant John Geha has been named president of Coldwell Banker Canadian Operations effective immediately, the company announced. Geha, well known throughout Canada and the U.S. for his efforts helping real estate brokers increase productivity, growth and profit, will succeed retiring president, Gary Hockey. ...


Some Senior Citizens Feeling ‘Houselocked’ by Economy

By Warren Wolfe ...


FHA Loans Become Hot Option – Less-stringent standards Spurs Local Popularity

By Chris Churchill ...


Realtor Recommendations Make Headway in House

RISMEDIA, February 2, 2009-The U.S. House of Representatives has taken a significant step toward economic recovery in passing H.R. 1, The American Recovery and Reinvestment Act of 2009. ...


With No Room to Cut Rates, Fed Looks to Other Remedies

By Kevin G. Hall ...


Bankrate – Mortgage Rates Slide Lower

RISMEDIA, January 30, 2009-Mortgage rates fell versus one week ago, with the average 30-year fixed mortgage rate now 5.48%. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.29 discount and origination points. ...


Obama’s Stimulus Package Should Help Economy, Experts Say

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Fannie Mae Tries Program to Speed Up ‘Short Sales’ in Orlando Area

By Jerry W. Jackson ...


Mortgage Applications Fall In Latest MBA Weekly Survey

RISMEDIA, January 29, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending January 23, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 732.1, a decrease of 38.8% on a seasonally adjusted basis from 1195.3 one week earlier. This week's ...


Consumers Get Conflicting Advice – Save More, Spend More

By Scott Canon ...


The Housing and Economic Crisis Includes Small Business Owners

Commentary by Samuel D. Bornstein ...


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