When Will U.S. Commercial Real Estate Property Markets Recover? Try 2017
Today on the Ilyce Glink Show - June 21, 2009
Answers From HUD Secretary Shaun Donovan
Shaun Donovan, Secretary of the Department of Housing and Urban Development (HUD), spoke to members of the National Association of Real Estate Editors yesterday afternoon in Washington, D.C. He took questions from the media on the topics of foreclosures, mortgage lender compensation, whether he is…
Today on the Ilyce Glink Show - June 14, 2009
Today on the Ilyce Glink Show, we're discussing the following:
US. Consumers' mood is the strongest in 9 months. Consumer confidence rose to a nine-month high, according to the Reuters/University of Michigan Surveys of Consumers. The preliminary index of confidence for…
Fewer Americans File For Unemployment For Week Ending May 23
Fewer Americans filed first time unemployment insurance claims last week, the Department of Labor reported this morning.
The seasonally adjusted estimate was 623,000, down from 636,000 the prior week.
For the week ending May 16, it appears that layoffs are beginning to slow down. Thirteen states saw…
Senate Passes HOPE for Homeowners
Washington, D.C. is abuzz with the flurry of legislative activity today. President Obama announced the new CAFE standards for automobiles (35 miles per gallon by 2016), the credit card bill passed the Senate, and now the amended HOPE for Homeowners legislation has sailed through.
The big news with…
$8,000 Tax Credit-Downpayment Relief: Treasury Department Giveth and Taketh Away
Last week, the Treasury Dept. announced a new plan to allow first time buyers (and those who haven't owned a home in the past 3 years) the opportunity to use the $8,000 tax credit as a down payment for the purchase of the property. The way this would be handled would be with a bridge loan until the…
FHA Eligible Mortgage Lenders And Brokers
Federal Housing Administration (FHA) loans have very specific rules and regulations. Are mortgage lenders eligible to originate loans if they also have a real estate license, like from a previous career? We talked to a spokesman from the FHA and did a little digging in the FHA handbook to try to…
Treasury Secretary Geithner's Statement On Bank Stress Test Results
Statement from U.S. Treasury Secretary Timothy Geithner:
This afternoon, the Federal Reserve and the national banking agencies released the results of the stress tests - the most comprehensive, forward looking review of our nation's largest banks ever undertaken. These tests will help ensure that…
First Time Unemployment Claims Decline During Week Ending May 2
The Labor Department released unemployment data today.
For the week ending May 2 - 34,000 fewer people filed first time unemployment insurance claims. The total number, on a seasonally adjusted basis was 601,000.
Some media are reporting this decline shows that job cuts may be easing. I hope that's…
