Blogging on Home Equity Loans, Home Equity Line of Credit, and Home Mortgage
Make your home work for you!
Secured Loans? Making the Most of Your Home as Collateral
Author: Administrator20 Dec 2005
Use the value in your home as an easy and quick source of collateral… Read on…
Home Equity Line of Credit ? Great for Remodeling Projects
Author: Administrator18 Dec 2005
Looking to remodel your home? Use that HELOC…
Do You REALLY Need a Home Equity Loan?
Author: Administrator16 Dec 2005
Consider if you really need it by considering these items…
Home Mortgage Refinancing - Things to Consider When Looking to Get Cash Out on a Refinance
Author: Administrator14 Dec 2005
Need or want to get cash out of your home’s equity in a refinancing? Consider these items…
Fed's Stern Says Fed Can't Wait for End of Crisis to Raise Rates
Author: RSS18 Jul 2008
Speaking in an interview with Bloomberg on Friday, Minneapolis Federal Reserve President Gary Stern (voter) said that the Federal Reserve can't wait for the end of the crisis to raise rates. "I worry about the prospects for inflation, the headline inflation rate is clearly too high," said Stern. Stern noted that the Fed is well positioned for a downside risk to growth. He commented that the current credit crisis was reminiscent of the early 1990s. Read More Now...
Bad News is Good News as Market Reacts to Citigroup, J.P. Morgan Earnings
Author: RSS18 Jul 2008
Two Wall Street giants and their investors are betting that one of the Streets most baffling rules of thumb will prevail as the stock market prepared to open Friday after two days of a bullish market. The rule, one that definitely does not apply to your family finances, is if bad news is not as bad as everyone expected, then it is actually good news. Read More Now...
Thursday's Events: BOC MPC Report, U.S. Jobless Claims, Philly Fed Mfg Report
Author: RSS17 Jul 2008
International securities transactions and the Bank of Canada's monetary policy report highlight today's Canadian economic releases as U.S. markets receive jobless claims and housing starts, followed by the Philadelphia Fed's manufacturing report for July. Read More Now...
U.S. Jobless Claims Rise to 366K in Week Ending July 12
Author: RSS17 Jul 2008
Initial claims for unemployment benefits in the United States rose much less than expected to 366k in the week ending July 12, following a slightly revised 348k in the previous week. Continuing claims fell back 81k to 3.122 million for the week ending July 5, the Department of Labor reported Thursday. The 18k rise in initial claims follows a drop of 56k in the previous week's survey. Read More Now...
U.S. Housing Starts and Building Permits Soar in June
Author: RSS17 Jul 2008
Due to a change in the housing code of New York City, U.S. housing starts came in above expectations at 1066k in June, a month- over-month rise of 9.1%, according to data released from the U.S. Department of Commerce on Tuesday morning. The consensus was looking for a decline to a level of 960k. The previous month's 975k was revised to a level of 977k. "New York City enacted a new set of construction codes effective for permits authorized as of... Read More Now...
Fed's Kroszner Says Fed Rules Will Affect Subprime and Alternative Mortgages
Author: RSS17 Jul 2008
Delivering comments at the FDIC's Minority Depository Institutions National Conference in Chicago, Fed Governor Randall Kroszner said the Fed's new rules on mortgages would alleviate pressures in nearly the entire subprime sector and some other alternative mortgage markets. "At the core of our program, we have implemented a series of web-based modules designed to assist banks in addressing three distinctive development stages... Read More Now...
Higher U.S. CPI, FOMC Minutes Lead to Greater Chance of Rate Hike
Author: RSS16 Jul 2008
Fed fund futures showed a slightly heightened risk of a rate hike in 2008 by the Federal Reserve, following a higher-than- expected CPI print for June on Wednesday. Markets were subsequently forecasting a 44% chance that the Federal Open Market Committee (FOMC) would hold rates at 2.00% at the Dec. 16 meeting. On Tuesday, markets had priced in a 49.8% chance that same scenario would unfold. Conversely... Read More Now...
Preview: Housing Starts Expected to Drop 15k in June
Author: RSS16 Jul 2008
Following a lower-than-expected level of housing starts and permits in the May report, plus a major downward revision in the month before, economists are expecting June's housing starts and permits figures from the Department of Commerce to continue declining. Read More Now...
Fed Minutes Say Next Move Could Be Higher Funds Rate
Author: RSS16 Jul 2008
The minutes of the Federal Open Market Committee's (FOMC) June 24-25 meeting show that FOMC Board Members agreed upside risks to inflation had increased and generally agreed downside risks to growth had diminished. Most members thought the current 2.00% target rate was appropriate but that risks to inflation may initiate a reassessment. Read More Now...
NAHB Builder Confidence Reaches New Historic Low at 16
Author: RSS16 Jul 2008
A report from Wells Fargo and the National Association of Home Builders (NAHB) suggests that homebuilders were even more pessimistic in July as the housing market index fell two points to 16, creating a new historic low in the 22-year index. Read More Now...
GMP Research says: buy the dip on RIM
Author: RSS18 Jul 2008
I'm a follower of what Michael Urlocker has to say, so when the GMP Securities research analyst shouts "Buy The Dip: RIM Sees Big Growth in Europe and from New Fall Models", one must pay attention: "• Overview: In meetings with RIM management yesterday, the executives were highly confident of a substantial growth phase ahead. Competitive [...]... Read More Now...
WSJ joins our call to reverse “uptick” rule change
Author: RSS17 Jul 2008
Always nice to see the big guns come on board. In this case, the Wall Street Journal is joining us in our effort of last September to bring back the uptick rule (see prior post "Bring back the “uptick” rule" September 9-07). MRM... Read More Now...
From the desk of Dick Fuld, Lehman Brothers CEO
Author: RSS17 Jul 2008
Dear Mr. Buffett: First off, I would like to thank you for meeting with me and my Lehman Brothers team earlier this week. The opportunity to outline our plan to you personally was the highlight of my professional career. I know that it has been a few years since you had an office in [...]... Read More Now...
SEC fills a hole in the rulebook
Author: RSS16 Jul 2008
WSJ News item: SEC to stop "naked" short selling of financial stocks: Under current rules, a short seller must first locate shares to borrow, but does not have to enter into a contract with the share lender. Often, more than one trader is able to borrow the same shares, creating a multiplier effect in the [...]... Read More Now...
SEC rumourgate push a waste of time
Author: RSS15 Jul 2008
Enforcement via press release. Arrrgghh. The Securities and Exchange Commission wants Wall Street to believe that it is going to punish hedge funds for spreading "false" rumours, and they've opened an "investigation" into the matter. Undoubtedly, the mere threat of an investigation is meant to chill the rumour mill, which is being [...]... Read More Now...
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