Making news the week of April 19th 2010
What do you mean it’s a seller’s market?!
http://www.realestateeconomywatch.com/2010/04/homebuyer-tax-credit-backfires-on-buyers/
As the deadline for the home buyer tax credit is fast approaching, many home sellers have taken a firm standing on price as well as asking buyers to forgo the usual inspections. Knowing that buyers are rushing to meet the deadline, home sellers have grasped the upper hand- at least for another week.
Signs of life in the jumbo mortgage securitization market
http://www.housingwire.com/2010/04/21/private-label-securitization-market-starts-to-thaw-with-jumbo-prime-rmbs/
Big news in the mortgage backed securities arena with the announcement of a jumbo MBS deal of $222.38 million (each loan averaging a balance of $932,700)…
Washington, DC comes in as #2
http://www.marketwatch.com/story/the-top-10-places-to-relocate-in-2010-2010-04-20
Want to know the best places to relocate? Washington, DC is #2 on the list of the top 10 place to relocate in 2010.
What would the greatest economists say about the financial crisis?
What would Keynes and Hayek say about the current crisis? Take a look at this video of two of the great economists attend a conference on the economic crisis. They decide to go out the night before the conference begins to sing about “why there’s a “boom and bust” cycle in modern economies and good reason to fear it.” This rap called “Fear the Boom and Bust” (a Hayek vs. Keynes Rap Anthem) was created by the collaboration between economist Russ Roberts and director John Papola.
Will there be changes to Regulation C?
http://www.federalreserve.gov/newsevents/press/bcreg/20100423a.htm
The Federal Reserve Board announced on Friday (4/23) that it will look into revising the Home Mortgage Disclosure Act. “The act requires mortgage lenders to provide detailed annual reports of their mortgage lending activity to regulators and the public. Consumers, community and consumer organizations, mortgage lenders, and other interested parties will be invited to participate in the hearings.”
This article is not intended to provide nor should it be relied upon for legal and financial advice. Using this article without permission is a violation of copyright laws.
Copyright © 2010 Dan Krell