Stocks were up slightly, but all other markets went sideways. Politics in DC gets most of the attention. In the news today…. GMAC will lose – over $6B of YOUR money. The Treasury has invested over $17B in the company so far. A Congressional Oversight Panel said it’s about time that the public saw a [...]
In the news today….. Condo’s Fight Back – by forcing banks who hold mortgages on condos to pay the HOA fees. This is true for Housing associations too. It’s called a “reverse foreclosure.” Here’s how it works. When a Condo owner stops paying its mortgage, it generally stops paying HOA fees too. The HOA files [...]
Stocks were flat today, but bond interest rates continues their slow climb upward. The Dollar was flat, but oil/gasoline went up, and gold went down a little. In the news today….. New Home Assistance Program – is now going to start on April 6th. The program will encourage home owners who are underwater and want [...]
Stocks rose to a near term high above 10,500 and bond interest rates increased slightly. The Dollar went sideways, as did gold. But, oil and gasoline were much higher and you can now anticipate increasing gas prices. Unemployment Rate – stayed at 9.7% for February. How did this happen? Well, the official statistics said that [...]
Stocks and bonds were sideways today. The Dollar lost 1.5 cents against the Euro which sent oil and gold prices higher. In the news today…… Detroit Real Estate – prices are astonishing. Can this happen else where? Or, is this just associated with the car industry meltdown? 20% of Detroit foreclosure are being left empty. [...]
Stocks jumped up a little today, but they are really going sideways as are all other markets. In the news today….. Bank Loans – are down since the crisis started – not much new there, but what are the banks doing with your deposits? Here is a graph showing the decrease in loans. Banks are [...]
