Archives for November 2008

Obama’s Chance to Save the Economy

By Mike Colpitts Editor Elected on a platform of "Change," President-elect Barack Obama may have a chance of turning around the nation's economy against mounting odds. In the early stages of his rise to the White House, Obama announced the development of a two year economic stimulus package designed to save jobs and improve the nation's economy. Obama's plan before being elected as the 44th U.S. president called for putting help into the … [Read more...]

FDIC Backs Housing Predictor Forecast

The head of the Federal Deposit Insurance Corporation warns over the next two years an additional four to five million mortgages will enter foreclosure if Congress fails to get a handle on the nation's foreclosure crisis. The remarks by Sheila C. Bair, the FDIC chairwoman, were made before a Congressional committee charged with the task of coming up with solutions to the nation's economic crisis. The comments reflect what Housing Predictor has … [Read more...]

Few Short Sale Approvals

James Wexler Short sales, a little understood part of the mortgage lending business, are receiving approvals from mortgage companies in increasingly fewer numbers as banks and mortgage lenders find themselves in growing financial jeopardy. Loan modifications and short sales are at the heart of the nation's financial crisis since Mortgage Swap Securities traded on Wall Street secured mortgage debt. The "mortgage swaps" as investors' call … [Read more...]

Top Markets with Best Chance to Robust Return

There's nothing wrong with having a little luck on your side when it comes to a bad economy. So with that made clear we list the Top markets with the Best Chance to a Robust Return in real estate. Chief among all of the candidates to return from the housing bust sooner is Austin, Texas, which hasn't really had it all that bad in comparison to other places during the housing bust. A high-tech corridor should keep this mostly youthful town out … [Read more...]