The Economic Collapse Continues – Logical Minds See No Signs Of A Bottom
No Signs Of A Bottom The market continues its massive sell off in a resounding vote of no confidence on the measures being taken to reverse the economy’s downward spiral. A contrary investor buying the dips over [...]
First Time Homebuyers In 2009 Helped By $8,000 Tax Credit
Large Benefit For First Time Homebuyers The stimulus bill (American Recovery and Reinvestment Act of 2009) recently signed into law provides a large incentive to first time homebuyers. The purchaser of a principal residence made on or [...]
FHA Increases Minimum Credit Score Requirement
FHA And VA Increase Credit Score Requirement Effective March 6, 2009, a minimum credit score of 620 will be required to be eligible for FHA and VA loans. The credit score requirement had recently been changed less [...]
FHA Increases Loan Limits
FHA Announces Higher Loan Limits As part of the Economic Recovery Act, the FHA loan limits were increased. The new higher loan amounts are effective until December 31, 2009. The higher loan limits will allow many borrowers [...]
Two More Massive Investment Frauds Reported
Capital Vaporized By Hedge Fund Fraud How many more frauds are lurking out there? Two more large cases of investment fraud by hedge fund managers were reported today by The Wall Street Journal. In the latest [...]
Banks Tighten Lending By Restricting FHA Cashout Refi
FHA Loans Become Tougher To Qualify For Effective January 1, 2009 HUD announced that any FHA cash out refinance would require two appraisals when the loan to value exceeds 85% – see FHA Takes A Closer Look [...]
Can The Economic News From Japan Possibly Get Worse?
Japan’s Exports Plunge By 45% In January Six months ago, no one in his right mind would have predicted a 45% decline in Japan’s exports. The drop in exports has no comparable statistics, as Bloomberg reports. Feb. [...]
Do Bernanke And Obama Talk To Each Other?
Bernanke Gives Upbeat Assessment On Economy Chairman Bernanke predicted today that the recession would end in 2009. Some of his upbeat, optimistic comments included: “If actions taken by the administration, the Congress and the Federal Reserve are [...]
Bernanke Predicts 2010 Recovery In Stocks, Housing & Economy
Bernanke Predicts Recession To End In 2009 The stock market jumped over 200 points today, partly due to Federal Reserve Chairman Ben Bernanke’s optimistic comments to the Senate Banking Committee. Some selected comments by the Chairman follow: [...]
