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12 Mar 2009 01:55

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Biz, U.S.: Ah, home foreclosures. Another thing to be depressed about.

  • +30% year-over-year increase in foreclosures. Yikes. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Mar 2009 21:24

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Biz, U.S.: In NYC, bargain-hunters bought foreclosed homes

  • 1,000 number of New Yorkers who came out to a rare foreclosure auction
  • $1,000 starting bids on some of the homes at the auction. Oh boy. source
Posted by Ernie Smith • 0 Comments • Permalink

04 Mar 2009 10:22

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Biz: Once part of the housing problem, now part of the solution?

  • It is very important to the entire team here to be part of a solution.
  • Stanford L. Kurland • Former president of Countrywide, a company synonymous with the housing crisis, on his new venture, PennyMac. PennyMac buys back delinquent mortgages and resells them. While some homeowners claim to be helped, some critics claim it’s like an arsonist who sets fire to the home, “then buys up the charred remains and resells it.” • source
Posted by Ernie Smith • 0 Comments • Permalink

04 Mar 2009 10:12

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Biz, U.S.: Obama’s foreclosure rescue program: Open for business

  • 5 million homeowners could be assisted by the $75 billion program source
Posted by Ernie Smith • 0 Comments • Permalink

27 Feb 2009 16:02

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Offbeat: These dogs need a home. This isn’t an e-mail scam.

Cookie & Coko are real dogs, but their sad story led to a e-chain letter with four legs. source
Posted by Ernie Smith • 0 Comments • Permalink

23 Feb 2009 20:31

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Biz, U.S.: In Florida, get your foreclosure faster than fast food

  • 30,000 houses in Lee County, Florida are about to get foreclosed on; it’s one of the hardest-hit areas in the country
  • 1,000 number of foreclosure cases a Fort Meyers courtroom hears on some days; they get through them in seconds sometimes source
Posted by Ernie Smith • 2 Comments • Permalink

18 Feb 2009 10:52

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Biz, U.S.: Obama’s got a plan to prevent foreclosure

  • $75 billion will be set aside in the Homeowner Affordability and Stability Plan, to be announced today
  • nine million homeowners could be assisted by the program, which breaks down to about $8,333 in help per person (on average) source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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