By Alan Rappeport in New York
Published: December 24 2008 02:00 | Last updated: December 24 2008 02:00
The pace of sales of existing homes in the US slowed by 8.6 per cent last month, as buyers retreated from the market in spite of falling prices.
Home resales fell to an annual rate of 4.49m in November, down 10.6 per cent year-on-year, the National Association of Realtors (NAR) said yesterday. The median price of an existing home plummeted 13.2 per cent year-on-year to $181,000 (£123,000), the sharpest decline since record-keeping began in 1968.
http://www.ft.com/cms/s/0/53f41a0a-d15b-11dd-8cc3-000077b07658.html
Tuesday, December 23, 2008
Friday, December 19, 2008
Looking to Repair Bad Credit Due to Late Credit Card/Consumer Lates
STAY AWAY FROM FAST CREDIT REPAIR AND LOOK INTO REFINANCING INTO AN FHA LOAN!
If you’re looking to repair your credit due to consumer lates your best option may be through an FHA loan.
Getting an FHA loan will allow you to pay off the bad debt and allow you to build credit back up by paying on your mortgage!
Don’t think you qualify for an FHA loan?
Don’t worry! First contact your local lender who specializes in FHA mortgages and talk with that person about refinancing into an FHA secured loan. FHA has lower qualification standards than a conventional mortgage –so in return it makes it easier to qualify and get you back on track.
Through an FHA loan you are allowed lates on consumer debts and as long as your credit score is 580 or above you can refinance up to 95% Loan to Value without huge penalties to the interest rate!
If you’re looking to repair your credit due to consumer lates your best option may be through an FHA loan.
Getting an FHA loan will allow you to pay off the bad debt and allow you to build credit back up by paying on your mortgage!
Don’t think you qualify for an FHA loan?
Don’t worry! First contact your local lender who specializes in FHA mortgages and talk with that person about refinancing into an FHA secured loan. FHA has lower qualification standards than a conventional mortgage –so in return it makes it easier to qualify and get you back on track.
Through an FHA loan you are allowed lates on consumer debts and as long as your credit score is 580 or above you can refinance up to 95% Loan to Value without huge penalties to the interest rate!
Thursday, December 18, 2008
Consumers Get Important New Credit Card Protections
WASHINGTON, Dec 18, 2008 /PRNewswire-USNewswire via COMTEX/ -- Office of Thrift Supervision Adopts New Rules to Safeguard Consumers; Federal Reserve Board and National Credit Union Administration Set To Act Later Today
New rules adopted by the Office of Thrift Supervision today will help protect consumers from certain abusive credit card lending practices that can result in excessive fees and interest rate charges. The rules were developed in conjunction with the Federal Reserve Board and National Credit Union Administration, which are expected to adopt the same regulations later today. The new regulations will go into effect on July 1, 2010.
http://www.marketwatch.com/news/story/Consumers-Get-Important-New-Credit/story.aspx?guid=%7B46CE1908-6639-4EE8-AB21-877184C1D438%7D
New rules adopted by the Office of Thrift Supervision today will help protect consumers from certain abusive credit card lending practices that can result in excessive fees and interest rate charges. The rules were developed in conjunction with the Federal Reserve Board and National Credit Union Administration, which are expected to adopt the same regulations later today. The new regulations will go into effect on July 1, 2010.
http://www.marketwatch.com/news/story/Consumers-Get-Important-New-Credit/story.aspx?guid=%7B46CE1908-6639-4EE8-AB21-877184C1D438%7D
Tuesday, December 16, 2008
Feds Drop Rates
SAN FRANCISCO (MarketWatch) -- Long-dated Treasurys extended their gains Tuesday, further crushing yields to historic lows, after the Federal Reserve slashed its target rate to as low as zero and repeated its intent to lower borrowing costs by buying bonds.
http://http://www.marketwatch.com/news/story/treasury-yields-plunge-new-lows/story.aspx?guid=%7B2FB8B9AD-5E82-490D-95B9-153744E3FCBF%7D&dist=msr_1
http://http://www.marketwatch.com/news/story/treasury-yields-plunge-new-lows/story.aspx?guid=%7B2FB8B9AD-5E82-490D-95B9-153744E3FCBF%7D&dist=msr_1
Friday, December 5, 2008
As A Atlanta Braves Fan I'm Sorry To See Greg Go...
Greg Maddux to retire on Monday
David Zalubowski / Associated Press
Greg Maddux will announce his retirement on Monday at a news conference in Las Vegas, according to Scott Boras.
Greg Maddux, who won four Cy Young awards and 355 games, will announce his retirement on Monday.Maddux will make the official announcement at a news conference at baseball's winter meetings in his hometown of Las Vegas, according to a statement from his agent, Scott Boras.
Maddux, 42, closed out his career with the Dodgers. He did not start in the playoffs and made his final appearance in the National League championship series, mopping up for Chad Billingsley in the game in which the Philadelphia Phillies eliminated the Dodgers.Maddux said that day he was not offended to serve as a mop-up man."It was a privilege," he said. "I felt privileged to do it. I was glad I had a chance to pitch.
"It stinks that we lost. But there's a lot of good young players here, and they're only going to get better. I think this team has a chance to be good for a while."Maddux, a nine-time All-Star while pitching for the Atlanta Braves and Chicago Cubs, started his major-league career in 1986. His 355 victories rank eighth in major league history, one more than Roger Clemens, with Maddux earning his final win by holding the San Francisco Giants to one run over six innings on Sept. 27,The Dodgers acquired him from the San Diego Padres in August -- the second time in three years the Dodgers traded for him to fortify their rotation in a pennant stretch -- and he went 2-4 with a 5.09 earned-run average in seven starts.Every 300-game winner eligible for the Hall of Fame has been inducted, with Maddux, Clemens and Tom Glavine not yet eligible.Maddux also won his 18th Gold Glove this year.Shaikin is a Times staff writer.
David Zalubowski / Associated Press
Greg Maddux will announce his retirement on Monday at a news conference in Las Vegas, according to Scott Boras.
Greg Maddux, who won four Cy Young awards and 355 games, will announce his retirement on Monday.Maddux will make the official announcement at a news conference at baseball's winter meetings in his hometown of Las Vegas, according to a statement from his agent, Scott Boras.
Maddux, 42, closed out his career with the Dodgers. He did not start in the playoffs and made his final appearance in the National League championship series, mopping up for Chad Billingsley in the game in which the Philadelphia Phillies eliminated the Dodgers.Maddux said that day he was not offended to serve as a mop-up man."It was a privilege," he said. "I felt privileged to do it. I was glad I had a chance to pitch.
"It stinks that we lost. But there's a lot of good young players here, and they're only going to get better. I think this team has a chance to be good for a while."Maddux, a nine-time All-Star while pitching for the Atlanta Braves and Chicago Cubs, started his major-league career in 1986. His 355 victories rank eighth in major league history, one more than Roger Clemens, with Maddux earning his final win by holding the San Francisco Giants to one run over six innings on Sept. 27,The Dodgers acquired him from the San Diego Padres in August -- the second time in three years the Dodgers traded for him to fortify their rotation in a pennant stretch -- and he went 2-4 with a 5.09 earned-run average in seven starts.Every 300-game winner eligible for the Hall of Fame has been inducted, with Maddux, Clemens and Tom Glavine not yet eligible.Maddux also won his 18th Gold Glove this year.Shaikin is a Times staff writer.
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