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Wednesday, September 22, 2010

Making Money Scams

The magic of the free market and the wisdom of our Wall Street producers/betters at work:

Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.

Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.

These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.

Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.

At some point, people are going to figure out that our current corrupt capitalist system isn’t about the efficient allocation of capital, but straight up robbery and thieving. Not any time soon, I suspect, but some day.

Assholes, Bring on the Brawndo!, Free Markets Solve Everything, Tax Policy | 4:20 pm |

Respond | Trackback |

The magic of the free market and the wisdom of our Wall Street producers/betters at work:

Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.

Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.

These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.

Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.

Assholes, Bring on the Brawndo!, Free Markets Solve Everything, Tax Policy | 4:20 pm |

Respond | Trackback |

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Read our DS news of Cave Story DS on the way?. ... Email news@eurogamer.net. Related Games. Cave Story WII. Latest Features. Cave Story Review . Cave Story Hands On . Latest News. Upcoming DSiWare/WiiWare titles listed ...

Wednesday News « The Confluence

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Read our news of Enslaved DLC detailed. ... Enslaved developer diary #3 Monday. Enslaved - first 15 minutes 15 September, 2010. Latest News. Move demos flood PS Store . Enslaved UK pre-order deals detailed ...

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Cave Story DS on the way? DS News - Page 1 | Eurogamer.net

Wednesday News « The Confluence

Enslaved DLC detailed News - Page 1 | Eurogamer.net

The magic of the free market and the wisdom of our Wall Street producers/betters at work:

Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.

Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.

These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.

Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.

Assholes, Bring on the Brawndo!, Free Markets Solve Everything, Tax Policy | 4:20 pm |

Respond | Trackback |

The magic of the free market and the wisdom of our Wall Street producers/betters at work:

Earlier this year I wrote about the Jefferson County story in a piece called “Looting Main Street” in Rolling Stone. In this tale employees of a group of high-powered Wall Street banks, led in particular by JP Morgan Chase, funneled money to local politicians in Alabama, who in turn signed off on toxic interest-rate swap deals that left the county saddled with monstrous debt for a generation.

Jefferson County is essentially the world’s worst credit card story. The local pols ran up massive bills to build a “Taj Mahal of sewer-treatment plants,” then saddled future voters with a blizzard-worth of rate hikes, punitive fees and late charges. Alabamans who should have paid $250 million for their new sewer system now owe over $3 billion, thanks to their corrupt politicians and the greedy carpetbagger banks who dragged these local hicks into deadly derivative deals.

These types of finance scams are the template for a whole new type of symbiotic relationship between politicians and the financial services industry: deals like the JeffCo interest-rate swaps allow politicians to borrow vast sums essentially without immediate consequence, making it possible to green-light politically-popular programs during their terms but leaving future leaders holding the bag when the bills come due. We saw similar stories in Greece and in the Denver school system; hundreds of communities in Italy and other European countries are also experiencing similar debt-blowups thanks to rate swaps and other deadly deals.

Anyway, back in the mid-nineties, the average sewer bill for a Jefferson County family of four was only $14.71. By the time I wrote my story earlier this year, most citizens were paying about four times that amount – and as of this summer, the average JeffCo sewer bill was $63. Well, the news now comes out that rates will go up again, and in the best case scenario they will jump 25% a year. The worst case? Jefferson County sewer rates could jump as much as 527%, with some estimates placing the average monthly bill as high as $395 a month.

Assholes, Bring on the Brawndo!, Free Markets Solve Everything, Tax Policy | 4:20 pm |

Respond | Trackback |

robert shumake

Cave Story DS on the way? DS News - Page 1 | Eurogamer.net

Wednesday News « The Confluence

Enslaved DLC detailed News - Page 1 | Eurogamer.net

robert shumake

Cave Story DS on the way? DS News - Page 1 | Eurogamer.net

Wednesday News « The Confluence

Enslaved DLC detailed News - Page 1 | Eurogamer.net

Tuesday, September 21, 2010

Affiliate Making Money

If you are a restaurant owner, then special discounts and coupon deals could attract a lot of attention and customers to your business. But such deals are almost always risky. Unless a good number of people show up to take advantage of the deal, you might end up loosing instead of gaining.

The online service, Aumio, helps to make sure your deals do not end being counterproductive.

Aumio is a free to use web service that helps you promote your deals. The deal need not be restricted to restaurants – it can be anything. You need to enter your deal’s name, web link, an optional coupon code and an expiration time limit for the deal. You can also set a minimum number of shares before the deal is unlocked i.e. before the deal becomes valid.

Once you enter all the information, you are given a unique URL that can be used to promote your deal.

Along with the sharing URL, you will also get a statistics URL that you can use to monitor the page views.

People can share your page through Facebook and Twitter. Once it has been shared the number of times you previously specified, the deal becomes valid thereby ensuring you do not suffer a loss from it.

Features:

A user friendly website.
Lets you create a page to promote any deal.
Visitors to your deal’s page can share it on Facebook and Twitter.
You are given a URL through which you can view your deal’s page’s web statistics.
Lets you optionally setup a minimum number of shares before the deal becomes valid.
Similar tools: BigCrumbs, FatWallet, Yahoo Deals, RatherBeShopping and Groupon.
Also read related articles: 3 Sites To Discover Hot Deals Recommended By Other Users Like You, 5 Online Shopping Sites That Will Actually SAVE You Money and 5 Online Sources For Amazon Promotional Codes.

Check out Aumio @ www.aumio.com (by MOin from ThumbPress)

Dillons shopping trip: $18.34 spent — read more details on this shopping trip here.

Aldi shopping trip: approximately $16 spent (I lost the receipt, so I don’t have an exact amount.)

I used frozen fruit and veggies for the first few days of this week instead of making a trip to the store for fresh supplies as we were just getting back from our vacation to Arkansas and settling back into our routine. So we made it through Thursday before a trip to the store was necessary (except for my husband picking up a gallon of chocolate milk and milk on his way home from work on Monday) — which definitely ended up saving us some money this week. It seems eating from the pantry and freezer always accomplishes that, doesn’t it?

We spent $18.34 at Dillons and then around $16 at Aldi. Plus, we bought two dozen farm-fresh eggs and the two gallons of milk/chocolate milk not pictured. So, all in all, we spent around $43 on groceries this week.

______________________

Did you snag any great deals or bargains this week or save money in other ways? If so, be sure to post about them on your blog and leave your link below. Please remember that this weekly round-up is to share deals you personally got and/or money you were able to save this week. In order to keep this weekly round-up focused on helping and inspiring others in their efforts to save money, links which have little-to-no content other than promoting affiliate links, etc. will be deleted. Also, to make it easy for everyone to navigate quickly through the links, your link must link directly to your Super Savings Saturday post.

Today in automotive news - Beyond The Commons - Macleans.ca

14832311 Responseshttp%3A%2F%2Fwww2.macleans.ca%2F2010%2F09%2F20%2Ftoday-in-automotive-news%2FToday+in+automotive+news2010-09-20+15%3A11%3A07Aaron+Wherryhttp%3A%2F%2Fwww2.macleans.ca%2F%3Fp%3D148323 to “Today in automotive news” ...

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Fox News Poll: Angle Ahead Of Reid By One Point In Nevada | TPMDC

The new Fox News poll of the Nevada Senate race gives Republican Sharron Angle a one-point edge over Democratic Senate Majority Leader Harry Reid.

robert shumake

Today in automotive news - Beyond The Commons - Macleans.ca

Sony product-lineup at Photokina 2010: Digital Photography Review

Fox News Poll: Angle Ahead Of Reid By One Point In Nevada | TPMDC

The new Fox News poll of the Nevada Senate race gives Republican Sharron Angle a one-point edge over Democratic Senate Majority Leader Harry Reid.

The online service, Aumio, helps to make sure your deals do not end being counterproductive.

Once you enter all the information, you are given a unique URL that can be used to promote your deal.

Along with the sharing URL, you will also get a statistics URL that you can use to monitor the page views.

Features:

A user friendly website.
Lets you create a page to promote any deal.
Visitors to your deal’s page can share it on Facebook and Twitter.
You are given a URL through which you can view your deal’s page’s web statistics.
Lets you optionally setup a minimum number of shares before the deal becomes valid.
Similar tools: BigCrumbs, FatWallet, Yahoo Deals, RatherBeShopping and Groupon.
Also read related articles: 3 Sites To Discover Hot Deals Recommended By Other Users Like You, 5 Online Shopping Sites That Will Actually SAVE You Money and 5 Online Sources For Amazon Promotional Codes.

Check out Aumio @ www.aumio.com (by MOin from ThumbPress)

Dillons shopping trip: $18.34 spent — read more details on this shopping trip here.

Aldi shopping trip: approximately $16 spent (I lost the receipt, so I don’t have an exact amount.)

______________________

robert shumake

Today in automotive news - Beyond The Commons - Macleans.ca

Sony product-lineup at Photokina 2010: Digital Photography Review

Fox News Poll: Angle Ahead Of Reid By One Point In Nevada | TPMDC

The new Fox News poll of the Nevada Senate race gives Republican Sharron Angle a one-point edge over Democratic Senate Majority Leader Harry Reid.

robert shumake

Today in automotive news - Beyond The Commons - Macleans.ca

Sony product-lineup at Photokina 2010: Digital Photography Review

Fox News Poll: Angle Ahead Of Reid By One Point In Nevada | TPMDC

The new Fox News poll of the Nevada Senate race gives Republican Sharron Angle a one-point edge over Democratic Senate Majority Leader Harry Reid.

Saturday, September 18, 2010

personal finance money management

If you are having a tough time understanding the nitty gritty of your mortgage, like the total interest you’ll end up paying and the monthly payments you’ll need to make, then you might as well use this simple web based tool called the AmortizationLoanCalculator.

It asks you for the principal loan amount, the loan term and the annual interest rate and returns a table that’s an amortization schedule showing your periodic payments, what part of it is going towards paying the principal and the interest, and the overall interest you pay in the lifetime of the mortgage.

As you can see in the above screenshot, the table is pretty easy understand. The C Prin and C Int stand for cumulative principal and cumulative interest respectively.

Features

Online calculator for calculating loan payments and interest.
Simple interface; no sign up required.
Enter the principal amount, loan term and annual interest rate.
Amortization schedule with cumulative rates and amounts displayed.

Check out AmortizationLoanCalculator @ amortizationloancalculator.net/index.php (By Abhijeet from Guiding Tech)

With so many options, risks and complicated strategies, smart investments are not an easy thing to do. FutureAdvisor is a personal investment advisor that helps you with managing and optimizing your investment portfolio by providing in-depth analysis, forecasts and saving tips.

Once you synchronize your brokerage and retirement accounts to FutureAdvisor it tells you if you are on track to retire at your desired age and how your portfolio would fluctuate if market performance changes. You also get tips on how to diversify your portfolio, save money by investing in similar lower-fees mutual funds and build a portfolio customized to your exact needs. FutureAdvisor also lets you work out different scenarios for an early or late retirement.

Features:

Get personal investment advice.
Helps to optimize your investment portfolio.
Get tips on asset allocation, cost savings and good investments.
See an in-depth analysis and forecast based on your needs.
Completely secure synchronization to your investment accounts.
Get tips to retire early with smart investment strategies.

Visit FutureAdvisor at www.futureadvisor.com [Via class="vt-p">LifeHacker]

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Tuesday, September 14, 2010

managing personal finances

Average gas prices--September 13, 2010

You voted: letter grades edge ahead in fuel economy poll

For rent: 4.5 billion-year-old ball of fire

What Obama's transportation proposals mean for travelers

TomTom provides update for XL 350, XXL 550, and XL 335 GPS devices

Cash for appliances: Rebates aplenty in states big and small

Apple curtails its free case program for the iPhone 4

Daily Dispatch: Death of the RSS reader?; Toronto produces entertaining video to promote e-waste recycling

September could be Home Star’s month—or not

LG's 60PX950, the first THX 3D plasma, headed to the CR Test labs!

Average gas prices--September 13, 2010

You voted: letter grades edge ahead in fuel economy poll

For rent: 4.5 billion-year-old ball of fire

What Obama's transportation proposals mean for travelers

TomTom provides update for XL 350, XXL 550, and XL 335 GPS devices

Cash for appliances: Rebates aplenty in states big and small

Apple curtails its free case program for the iPhone 4

Daily Dispatch: Death of the RSS reader?; Toronto produces entertaining video to promote e-waste recycling

September could be Home Star’s month—or not

LG's 60PX950, the first THX 3D plasma, headed to the CR Test labs!

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Fox News Poll: Rubio Way Ahead In FL-SEN Race | TPMDC

The new Fox News poll of the Florida Senate race has very good news for Republican Marco Rubio, with him holding a commanding lead over independent Gov. Charlie Crist and Democratic Congressman Kendrick Meek.

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Fox News Poll: Rubio Way Ahead In FL-SEN Race | TPMDC

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Sunday, September 12, 2010

Making Money With a Website

“It's hateful. It's ludicrous. And it's plain wrong.”

The object of his ire is a 9,963 word story in The New Yorker magazine, published last week which accuses David, his brother Charles, and Koch Industries of…well, just about everything: Secretly funding the Tea Party movement, secretly manipulating the Smithsonian, along with, not-so-secretly polluting the planet, stealing oil from Native American land, denying the existence of climate change, and promoting carcinogens—all in the self-interest of making further billions.

Another profile in July, this one in New York Magazine, described Koch as “the Tea Party’s wallet."

The news alert that a businessman with a personal net worth estimated at nearly $18 billion might wield political influence seems to have shocked, shocked, the media. Cue Rachel Maddow, who went on a televised tear, and the rest is Twitter.

Perhaps this wasn’t the Pentagon Papers, but it seemed that there had been an unraveling of sorts—after all, the title of last week’s New Yorker piece was “Covert Operations.”

“If what I and my brother believe in, and advocate for, is secret, it's the worst covert operation in history,” Koch says, in reference to the New Yorker headline, adding that a lengthy letter to the magazine, rebutting nearly every allegation in the story is in the works. (Koch Industries has already issued a "Response to Recent Media Attacks.")

David Koch speaks in Washington, DC. (Carrie Devorah, WENN / Newscom)

The origins of “the Billionaire who Secretly Funds the Tea Party” narrative seems to be his connection to Americans for Prosperity, an organization he founded six years ago, whose message is indeed aligned with the Tea Party movement’s message of less tax and more-efficient government. But, he says, no one from the Tea Party movement has ever approached him for money, and when I ask him straight up if he’s funding the Tea Party, all he says is, “Oh, please.”

In doing the profile, the New Yorker had repeatedly tried to reach out to Koch for comment but to no avail.

According to the New Yorker piece, even the president himself seems to think there are nefarious connections to uncover.

In her New Yorker piece, Jane Mayer cites President Obama pointing to Americans for Prosperity as one of those particularly sinister groups with “harmless-sounding names” that may be up to no good. “They don't have to say who, exactly, Americans for Prosperity are,” Obama said at a Democratic fundraiser in Texas last month. “You don't know if it's a foreign-controlled corporation” or “a big oil company,” he said, ignoring that, on the AFP website, staff and principals are named, and that the organization files, as required by law, federal 990 IRS disclosure forms.

“If what I, and my brother believe in, and advocate for is secret, it's the worst covert operation in history.”

A few weeks later, during a conference call with reporters, a senior White House economics adviser mentioned Koch’s company during a discussion of the structure of corporations and tax liabilities. The unveiled reference to a specific company's tax returns—and especially to the tax status of a privately held company—was rather stunning to several on the call.

"Documents were scattered all over the room, and Love shared dozens of these documents with the reporters—property records, financial statements showing money being transferred from Love's account to other people's accounts, payment receipts, signatures she said were forged. The reporters huddled around Love's laptop and viewed a private website that served as a database for all of these documents, which she'd been collecting as evidence. Love would show them a document on paper or online and then say something like: 'Isn't it weird that [So and So's] signature is on that?' She did a lot of Googling, too, mostly of names and property addresses listed in the documents. This went on for about three hours."

—Following Courtney Love down the rabbithole.

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The Extra host's girlfriend gives birth Saturday in Burbank, Calif.

openSUSE News » openSUSE Weekly News, Issue 140 is out!

“Here is the news that a lot of you have been waiting for! The new wikis (en.opensuse.org, languages.opensuse.org, and dewiki.opensuse.org) have been switched to the new Lucene search engine. The legacy wikis are still running the old ...

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All iPhone users can now stay abreast of the latest election news as Fox news announces its latest news app for iPhone. Fox News has launched America's Election HQ app to keep iPhone users informed of the daily political news and ...

Saturday, September 11, 2010

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Dr. Seiger has helped to develop new techniques for the safe removal and treatment of veins. He has frequently been eric seiger published in medical journals and sought out by the media to provide expert advice and commentary.

As a leader in the field of cosmetic surgery and enhancements at The Skin and Vein Center, Dr. Eric Seiger has been designated a National Certified Physician Trainer by the makers of both Botox and Restylane. His national eric seiger reputation for the use of cutting-edge technology and science has led many of the country's best known medical equipment manufacturers to ask him to introduce new products and procedures in the State of Michigan

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As a board-certified dermatologist and long-term member of the American College of Phlebology , Dr. Eric S. Seiger has cultivated an expertise in the safe and complete removal and treatment of unwanted veins. Eric Seiger has written numerous articles on his successful techniques that have been published in medical journals, such as National Women’s Health Report.

Dr. Eric S. Seiger received his Bachelor of Arts in Biology from the University of Delaware in 1981. Dr.

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Thursday, September 9, 2010

foreclosure homes

The number of homeowners who lost their properties to foreclosure jumped 9% in July as lenders moved to repossess a glut of homes with past-due mortgages.

A total of 92,858 homes were repossessed in July, according to foreclosure listing firm RealtyTrac. That's 9% higher than in June and 6% higher than the figure for July 2009. July was the eighth straight month to post a year-on-year rise in homes lost to foreclosure.

And foreclosure filings, a category that includes default notices, scheduled actions and bank repossessions, hit 325,229 in July. That's a 4% increase from June, but notably, it's a 10% drop from July 2009.

"July marked the 17th consecutive month with a foreclosure activity total exceeding 300,000," said James J. Saccacio, CEO of RealtyTrac. "Declines in new default notices, which were down on a year-over-year basis for the sixth straight month in July, have been offset by near-record levels of bank repossessions."

Nevada had the highest foreclosure rate among all states, with one in every 82 households receiving a foreclosure filing.

California had the highest percentage of the total foreclosures filings, accounting for 21% of the nation's filings.

From Jeff Horwitz and Kate Berry at American Banker: Procrastination on Foreclosures, Now 'Blatant,' May Backfire

ervicers are not initiating or processing foreclosures at the pace they could be.

By postponing the date at which they lock in losses, banks and other investors positioned themselves to benefit from the slow mending of the real estate market. But now industry executives are questioning whether delaying foreclosures — a strategy contrary to the industry adage that "the first loss is the best loss" — is about to backfire. With home prices expected to fall as much as 10% further, the refusal to foreclose quickly on and sell distressed homes at inventory-clearing prices may be contributing to the stall of the overall market seen in July sales data.
...
Banks have filed fewer notices of default so far this year in California ... than they did 2009 or 2008, according to data gathered by . Foreclosure default notices are now at their lowest level since the second quarter of 2007, when the percentage of seriously delinquent loans in the state was one-sixth what it is now.

New data from LPS Applied Analytics in Jacksonville, Fla., suggests that the backlog is no longer worsening nationally — but foreclosures are not at the levels needed to clear existing inventory.
...
"The industry as a whole got into a panic mode and was worried about all these loans going into foreclosure and driving prices down, so they got all these programs, started Hamp and internal mods and short sales," said John Marecki, vice president of East Coast foreclosure operations for Prommis Solutions ... "Now they're looking at this, how they held off and they're getting to the point where maybe they made a mistake in that realm."
...
"The math doesn't bode well for what is ultimately going to occur on the real estate market," said Herb Blecher, a vice president at LPS. "You start asking yourself the question when you look at these numbers whether we are fixing the problem or delaying the inevitable."

There is much more in the article.

Note: The LPS delinquency data for July will be released tomorrow. Here are some of the findings (no link):

• July showed an astounding 24.5% month-over-month increase in foreclosure starts, which dovetails with Treasury's latest report on HAMP cancellations (approx. 50% according to Treasury's numbers)
• Abysmal foreclosure rates in NV, FL and CA have led to much higher level equity loss for homeowners in those states as compared to the rest of the country.
• Cure rates remain steady, but seriously delinquent (6 mos.+) cures have declined significantly, by approximately 25%
• Origination remains depressed due to much stricter underwriting guidelines and low purchase activity, but what is being originated is of good quality.
• Until the deterioration ratio improves from its steady two deteriorations for every one improvement, it's hard to see how we're going to get out of the hole.

The report shows the GSEs are stepping up foreclosures.

eric seiger

Wednesday, September 22, 2010

Tuesday, September 21, 2010

Saturday, September 18, 2010

Tuesday, September 14, 2010

Sunday, September 12, 2010

Saturday, September 11, 2010

Thursday, September 9, 2010

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