The Faux Bottom, Housing Worsens, Newspapers in Trouble, An Oversold Sector, and More!

ur “Obama Rally” forecast… will things “get worse before they get better” or vice versa?… Print in the doghouse… Tribune Co., New York Times and McClatchy looking desperate… Still no bottom in sight for housing… foreclosure, refi and pending home sales data all down… Anecdotal evidence of tough times to come… Wiggin house, [more...]

Date: 2008-12-10 13:43:43

Blog posts (145) | Videos (161)
 

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

Posts about Home Sales as of January 13, 2009

Want to Make Money Selling Info? 5 Basic Skills You Must Have! - stefsertich.blogspot.com 01/13/2009 Newcomers to Internet Selling are looking for ways to gain money. Many of them like what the “newbie cozenage artists” state them is an easy way … merchandising or gross sales in general is this…provide value!That’s always been the idea [more...]

Date: 2009-01-13 14:21:30

Предсказания Кюнстлера на 2009 - США, Нефть, Геополитика, Путин

Спонсор месяца - #1 RX pharmacy affiliate program!Сайт дня (как попасть) - http://www.business-magazine.ru/There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) [more...]

Date: 2009-01-01 07:59:00

Those Order Takers Are Now Gone In California

The Ventura County Star reports from California. “According to Bill Watkins, executive director of the UC Santa Barbara Economic Forecast Project…a foreclosed home in California sells for $200,000 less than a traditional home. Until foreclosures are worked through the market, ‘we don’t think the real estate market can clean itself up, [more...]

Date: 2008-12-27 18:47:48

Forecast for 2009

Introduction       There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) is that our problems of finance and economy will self-correct and allow the project of a "consumer" economy to resume in "growth" mode [more...]

Date: 2008-12-29 03:33:57

Debt Validation And Collection Agencies

Under the FDCPA or the Fair Debt Collections Practices Act , you have the right to “debt validation”. This is a demand from the collection agency and the original creditor that the debt is really your responsibility and that the balances, terms of the loan and any other pertinent information is correct and accurate. A collection agency must also provide proof that they have the legal right to attempt to collect the debt. [more...]

Date: 2009-09-29 23:06:03

What Are No Teletrack Payday Loans?

by Chris Novaczek When you apply for a payday loan, one thing you may not realize is that your information may be analyzed by Teletrack ... a loan. It may be more difficult to get a payday loan with bad credit, but it is certainly possible ... . The specifics of this process are not entirely clear however. Some payday loan applicants who desire [more...]

Date: 2009-01-14 12:46:36

Naughty and Nice

It's undeniably been a busy year for higher education with financial crises, continued student loan controversies, ... followers of the student loan market this year. When credit and asset-backed securities markets froze ... , Pennsylvania, and others are all looking to slash spending on higher education. Student Loan Panic [more...]

Date: 2008-12-18 22:20:06

Appraisal Fraud and Industry Standards Described in 2003 Official White Paper-RED FLAGS DESCRIBED IN DETAIL WITH EXCELLENT DIAGRAMS EXPLANATIONS AND DESCRIPTIONS OF BEST PRACTICES

loan_origination_mortgage_fraud_ffiecloan_origination_mortgage_fraud_prevention_response_nelsonRed Flags • Critical loan processing activities, such as  verification of income, employment, or deposit, is delegated to brokers. • Delegated underwriting allowed for correspondents that are new or lack an established track record with the FI [more...]

Date: 2009-01-09 15:33:10

WaMu’s New $1 million 5-year 1% Balloon Loan (mod) - $878 Per Month!

1/5/09 - EFFECTIVE IMMEDIATELY - Modified Loans are Ineligible For Fannie/Freddie Refi’s, while FHA MAY Be Eligible ... for conforming loan financing.” All Sorts of Consequences This has all sorts of consequences ... . In my experience, most mods result in one of more of their definitions of ‘restructured.’ A restructured loan [more...]

Date: 2009-01-12 17:52:15

Markets Manias: Thinking About the Year Ahead

The alternative title for this post might have been "Still Inside the Box" since recent market action could be taken, as we are tending to do, ... we're "in the box" because the markets are wrestling with a) the continuing credit crisis ... collapse, the Lehman bankruptcy, we see the sudden grasping of the truth of how bad it is. The mid-Nov [more...]

Date: 2009-01-17 14:34:33

?Home Foreclosures: More Than Just Bad Budgeting

by William Blake For the past several years, the number of home foreclosures has been steadily increasing and it seems that there is little chance for the situation to improve itself. The people who are affected by home foreclosures ... to be individuals who have had some bad experiences financially or who have been taken advantage [more...]

Date: 2009-01-16 10:05:19

The Strategic Advantages Of Maximizing Natural Business Growth

By Donald Mitchell Growth can occur naturally . . . or it can be forced by using bad methods ... on unsustainable gimmicks to grow their businesses (such as zero percent interest car loans, 125 percent of assessed value home loans with teaser rates, and tripling interest rates on credit cards for those [more...]

Date: 2009-01-14 05:02:38

Consumer Credit Counseling

Consumer Credit Counseling January 17, 2009 at 5:00 pm · Filed under Credit Counseling Services div style=’float: right; width: 100px; padding: ... on financed loans and credit card debt can become onerous and when you add in penalties and late fees ... impossible for anyone to compete in today’s arena without the aid of a credit card. And that’ [more...]

Date: 2009-01-17 22:00:36

Sheppard: Middle Road Has Fewer Bumps

Sheppard, Mullin, Richter & Hampton didn’t ditch slow practice areas when the economy was booming and now they are reaping the ... of the Los Angeles-based firms to report their year-end results. The Recorder reported results http ... the biggest decline, at 21 percent. Pillsbury was the only firm in this survey to report a slight [more...]

Date: 2009-01-17 02:10:00

Business News AOL Canada

... - The deepening recession took another bite out of Canada's labour market in December as the country shed ... . "In short, a bad situation could become dramatically worse" if Washington doesn't go far enough [more...]

Date: 2009-01-09 21:25:01

Foreclosures in U.S. Rose 81%, Topping 2.3 Million Last Year

Foreclosures in U.S. Rose 81%, Topping 2.3 Million Last Year By Dan LevyJan. 15 (Bloomberg) — U.S ... of California, Berkeley, said in an interview. “The single most important thing is making credit available ... Asset Relief Program to help reduce mortgage payments for people facing foreclosure, Lawrence Summers [more...]

Date: 2009-01-15 16:45:20

“We can put light where there’s darkness, and hope where there’s despondency in this country ... S. Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets ... easy credit, consumers who took on mortgages they could not afford and Wall Street chieftains [more...]

Date: 2008-12-21 16:01:46

1000 Payday Loans Cash Advance: An ideal way of finance

Financial assistance by the source of lending institutes is a reliable source at the time of financial failure but only for good creditors and for ... of bad credit. Loan approval by the source of any traditional loans will not come easily at the time ... credit past. If you are also having bad credit problems, you can opt for the lenders of 1000 Payday [more...]

Date: 2009-01-17 05:50:04

The Economic Downturn and Student Loans: Some Practical Advice for Borrowers

Today's post is from Alan Michael Collinge, author of The Student Loan Scam: The Most Oppressive Debt in U.S ... page for book Student loan companies will soon be lined up at the Federal Treasury, seeking loans ... wracked by student loans in ways worse, even, than defaulting home mortgage borrowers. As we progress [more...]

Date: 2009-01-11 01:14:50

Gates of Vienna News Feed 1/5/2009

Read through the official European reactions to Israel’s ground offensive into Gaza: Zapatero, the Vatican, ... Gaza, the Vatican Raises the White FlagItaly Urges Gaza TruceItaly: Verona to Target Home Sex ... in DemonstrationsGush Katif Expulsion Victim Returns ‘Home’ as SoldierHave Israelis Finally Learned the Strategic Value [more...]

Date: 2009-01-06 04:54:00

Miami Real Estate Speculator: “I Didn’t Ask Too Many Questions!”

A story on Miami real estate?  I knew what was coming.  At first, the reporting seemed okay ... can make waste. How did CBS make the already bad news about Jade on Brickell worse? 60 Minutes reporter ... and easy to get. Condo sales were not hooked to the mortgage market. Cheap mortgages and subprime loans [more...]

Date: 2008-12-16 00:14:20

New Congress Looks To Add Mortgage Debt To Bankruptcies - BIG MISTAKE

Congress So we have finally flushed most of the bad debt out of our system in 2008. The bad lenders are disappearing and lenders are feeling good about making new loans. The only ... out of it. The legislation would change allow bankruptcy judges to modify home loans in the same way that they currently may [more...]

Date: 2009-01-06 14:51:56

Credit Reports can be a Teaching Tool

by Rob Kosberg All of us have probably been informed that our credit report is a very important document ... on each report, locate any and all errors. It is up to each individual to monitor his/her own credit ... credit. We can obtain copies of our credit report for free, on an annual basis, from the three major [more...]

Date: 2009-01-17 15:18:02

The Consequences Of Devil-May-Care Lending

The Des Moines Register reports from Iowa. “Deb Baker believes she’s one of about 31, ... her ability to refinance her unaffordable loan or to sell her home. ‘You hate to lose what you put ... a fair number’ of the inflated appraisals that accompanied the subprime-loan boom now causing [more...]

Date: 2008-12-08 15:54:59

Martial Law, the Financial Bailout, and War By Prof. Peter Dale Scott

Global Research, January 8, 2009 Paulson’s Financial Bailout It is becoming clear that the bailout measures of late 2008 may have consequences at least as grave for an open society as the response to 9/11 in 2001. Many members of Congress felt coerced into voting against their inclinations, [more...]

Date: 2009-01-13 14:05:21

What The Rise And Fall In Housing Has Done

The Ventura County Star reports from California. “Thousands of Ventura County residents were pushed out of their homes last year, ... a year ago because they see the price slide continuing and ‘want to get out before it’s really bad,’ ... with programs from some of the major lenders and loan [more...]

Date: 2009-01-15 18:16:59

Slumping Auto Sales Hurt Auto Loans

Perhaps the one market to see the heaviest damages besides the mortgage industry is the automotive industry ... a credit freeze situation that is making life difficult on multiple levels. It isn’t all bad news ... for this lies with the fact that automotive sales are down. In a vicious circle, the lack of auto sales hurts [more...]

Date: 2009-01-16 17:47:05

Automakers grab loans, look to Obama White House

WASHINGTON (AP) — The long-term fate of the auto industry rests with Barack Obama now that President George W. Bush has given car companies $17 ... , housing slump and financial credit crunch, Bush said in announcing the short-term loans and demanding ... .4 billion in emergency rescue loans. russia-sees-hope-with-obama Automakers grab loans, look [more...]

Date: 2008-12-21 17:18:00

Housing in O.C. beach towns slumps, sales off 28%

Analysis of MDA DataQuick’s November report shows the county’s beach-close communities are clearly being challenged by a credit crunch and a ... rents? 30-year mortgage at 37-year low CA banks drop protection against bad loans Mortgage aid scheme a failure Bad house, car debts mount in O.C. [more...]

Date: 2008-12-22 08:24:51

January 10 2009: Hornswoggled Absquatulation

Russell Lee Tobaccy Candy 1940 Pool hall, Shasta County, California Ilargi: The revolving doors between Washington and Wall Street are swinging like never before. Lawrence Summers and Robert Rubin are the finance powerhouses in the upcoming Obama administration. They were in the exact same place 10 years ago [more...]

Date: 2009-01-10 16:28:00

Lost In A Sea Of Stark, Empty Houses And Vacant Lots

It’s Friday desk clearing time for this blogger. “Record numbers of Sonoma County homeowners are seeing property taxes fall, ... have been a little hard to swallow.’” “Bob DeKeulenaere says junk cars in his neighbor’s yard prevented [more...]

Date: 2009-01-02 17:57:28

DrumBeat: December 12, 2008

U.S. Northeast Heating-Oil Delinquent Bills Top $100 Million (Bloomberg) -- Heating-oil dealers in the U.S ... -credit debt that is ranked in credit-reporting agencies and that affects their credit directly,” ... Petro-Canada in no rush to find U.S. refining space CALGARY, Alberta -- Petro-Canada will not look [more...]

Date: 2008-12-12 13:55:16

Fear and Loathing in Detroit

Fear and Loathing in Detroit Posted by Guest Poster Published: December 8, 2008 - 7: ... as the auctioneer); Bad Loan Department (no explanation required) and Workout and Restructuring Group ... who had seen more than his share of bad loans and dumb business decisions. This fellow was an anomaly [more...]

Date: 2008-12-09 00:27:43

A brief history of the beginnings of the Ford Motor CompanyWhy now? ... coming today from news outlets when:Government Loans Chrysler $1.5 Billion to Get Credit Moving ... and Chrysler CEO’s would you leave your private jets for sale in DC and drive home from Washington [more...]

Date: 2009-01-17 10:01:11

Qualifying For a Used Car Loan

A used car loan is given to those who wish to purchase a car that has had a previous owner. The car may be purchased from the owner or used car lot ... will be lower. This can help a person keep their car. For those with bad credit, a used car loan ... credit report, although there are lenders who are willing to grant loans to those who have filed [more...]

Date: 2009-01-17 09:34:44

What Goes Around Comes Around In California

The Inland Valley Daily Bulletin reports from California ... to be later.’” “Alex Espinoza Sr., president of Ontario-based California Capital Home Loans…says ... supply of units being repossessed by banks and put on the market still exceeds home-buyer demand [more...]

Date: 2008-12-30 16:35:04

Borrowing Beyond your Limit can Result in Consumer Debt

Consumer debt has risen to worrying percentages in the past few years ... debt can be acquired in various forms, including through a credit card or a payday loan. There are many ... of the loan, how much the borrower is able to pay back per month, their current credit score [more...]

Date: 2009-01-17 00:24:29

Mortgage rates slide under 5%

Rates on 30-year fixed-rate loans fell across the country for the week ended Thursday to an average of 4 ... Altman, a partner with WestCal Mortgage Corp. in Orange, said homebuyers with good credit and a 20% down ... .96%, the lowest in at least 38 years, says mortgage giant Freddie Mac. It began tracking rates [more...]

Date: 2009-01-15 22:02:07

Downgraded into Bankruptcy?

The final chapter in the Washington Post's telling of the AIG saga is the most exciting--and the most frustrating ... to get to the bottom of the story. They end up saying, It seems that as Financial Products ramped up its credit ... for the possibility of a downgrade in AIG's credit rating. If that is the story, then it is possible [more...]

Date: 2008-12-31 11:59:53

Madoff Scam: "He’s a person of integrity..."

A: Waking up this morning here to plenty of news; Senate votes down auto bailout as Harry Reid states "No more talks on auto bailout..." & Bernard Madoff admits to employees of running a $50Bln Ponzi Scheme, using new principal from new investors to pay out returns to existing investors [more...]

Date: 2008-12-12 14:24:37

Art in 2008 - A Review (Part 2)

The City of London from Tate ModernOriginally this post was was going to look at the wider context for blogging art and influence of art blogs in ... ago when I predicted the credit crunch would hurt the art economy in 2008 and a recession may well happen.the credit crunch will have a significant impact on the art market and what gets blogged [more...]

Date: 2008-12-23 08:00:00

Payday Loan Quotes

Search online to know that the money urgently and the lender’s fee ... deals. Bad credit borrowers too can approve payday loan quotes their - ambassador collection payday loan ... by different loan companies are relentless when you do not need to go through any credit checks [more...]

Date: 2009-01-17 20:21:13

I said all this a million times but now that it is too late, a believable source: Martial Law, the financial bailout, and war by Prof. Peter D. Scott!

Global Research, January 8, 2009Paulson’s Financial BailoutIt is becoming clear that the bailout measures of late 2008 may have consequences at least ... about its own bail-out (using government-backed loans) that amounts to trillions. This lack of transparency [more...]

Date: 2009-01-12 13:00:00

Notes on the crisis

I’m standin’ in the shadows with an aching heart I’m lookin’ at the world, tear itself apart — Bob Dylan, “Mississippi” Here Dylan has given us a brilliant summation of the condition of the simple citizen in the face of the economic crisis that exploded in our faces in mid-September, [more...]

Date: 2008-12-13 21:12:38

Anything That Could Go Wrong Did Go Wrong

The Gazette Times reports from Oregon. “After a months-long struggle to move through the city’s planning department and overcome objections by ... of the $27.8 million in cash it owed to clients. The company said its problems are a result of loans [more...]

Date: 2008-12-29 17:24:14

Student Loan Default: How to Deal with It

by William Blake If you fall behind in your student loan payments and end up in student loan default, ... eligibility and recover your credit score. This option is only available to people who arrange ... financial aid eligibility, make your credit rating better, and possibly have your student loan default [more...]

Date: 2009-01-17 20:48:52

Latest News In StockMarketInvestment Research - Jan 16, 2009

Airlines employed 6.5% fewer workers in November 16 Jan 2009 at 10:41am NEW YORK (MarketWatch) — The number of people working for the nation’s passenger airlines fell 6.5% in November from a year ago to 392,185 full-time employees, according to a Friday report from the Bureau of Transportation Statistics [more...]

Date: 2009-01-16 18:03:59

Bush Working on "Orderly" Auto Bankruptcy

Apparently the President has heard the voices of his own party, ... bankruptcy court is the best way to work through credit and debt and restructuring," he said during ... -planned bankruptcy for the GM and Chrysler that would safeguard against a chaotic reorganization [more...]

Date: 2008-12-18 19:04:54

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