Archive for January, 2008
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Thursday, January 24th, 2008Congressional leaders announce a deal with the White House on an economic stimulus plan that would include tax refunds.
Ford Offers Buyouts To 54,000 Workers
Thursday, January 24th, 2008Ford Motor Co. seeks to cut more jobs and replace workers with those making a lower wage.
California Supreme Court OKs Pot Firings
Thursday, January 24th, 2008Employers can fire workers found to have used medical marijuana, the California Supreme Court ruled Thursday.
Existing Home Sales Drop Again
Thursday, January 24th, 2008Despite the steadily dropping sales throughout the year, 2007 ended up
with the fifth highest sales of existing homes on record. 5,652,000
existing homes sold during the year but this was 12.8 percent fewer units
than the 6,478,000 sold in 2006.
Lawrence Yun, NAR chief economist, said, “Home sales
remain weak despite improved affordability conditions in many parts of
the country, but we…
Help Kids’ Future: Protect Their ID
Thursday, January 24th, 2008Experts share ways you can protect your child from identity theft.
Florida AG Sues 19 Foreclosure Rescuers
Thursday, January 24th, 2008National Foreclosure Management, Inc., American Home Rescue, Inc., National Property Holding Group, LLC,, The Mortgage Practice, Inc., Southeast Capital Mortgage Company, Barrister Title Services, Inc., GMC Land Services of Florida, Inc., doing busines…
Scam Artist Pleads Guilty to $1.6M Real Estate Fraud
Thursday, January 24th, 2008Carla Zimbalist, Beverly Hills, California, and Pam Chanla, also known as Sayasith Khammanivong, Alhambra, California, sole partners in CPM Holdings Inc., PMC Interests, Inc., and Scott Avenue Development, Inc., were indicted on charges of grand larcen…
Increased Loan Limts May Be Included In House Bill
Thursday, January 24th, 2008Reuter’s news agency was announcing late Thursday morning that the
U.S. economic stimulus package being hammered out in Congress
would include a temporary up tick in the size of loans
that Freddie Mac and Fannie Mae would be allowed to purchase.
Republicans on the Hill have agreed to raise the current loan
limit of $417,000 for a single family home for one year although
there is not yet agreement on how high the limit should go…
Mortgage Rates at 2.5 Year Low
Thursday, January 24th, 2008Mortgage rates continued to fall during the week
ended January 17 according to the results of the Primary Mortgage Market
Survey released by Freddie Mac and, in the case of 30 and 15-year fixed
rate mortgages (FRMs) reached the lowest level since July 2005.
“Refinance applications are up 92% since the
beginning of November and purchase applications are…
Stocks Soar To End Wild Day Of Trading
Wednesday, January 23rd, 2008Stocks on Wall Street rallied back from 300 points down to more than 300 points up in trading Wednesday.
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