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From the monthly archives:

January 2009

Finally some good news for home sellers

by Jay HammondJanuary 26, 2009 Economy

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Sales of existing homes rose unexpectedly in December although the pace remained below that of a year ago, according to the National Association of Realtors (NAR). The jump was led by a surge in sales in the West. Sales [...]

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Afternoon Quickie 01/26/2009

by phillenbrandJanuary 26, 2009 We're Reading

Calculated Risk - TARP: Free Ice Cream!
Umpqua Bank in Portland received $214M from TARP in November.  Money well spent.
Housing Wire - New Era of Responsibility for U.S. Financial System?
More talk of nationalization.
Mortgage Insider - Keep The Mortgage Giants, But Control Them!
More on nationalization.
Naked Capitalism - Quelle Surprise! Big Banks Who Got TARP Funds Reduced Lending

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Morning Quickie 01/26/2009

by phillenbrandJanuary 26, 2009 We're Reading

The Big Picture - Nationalize Now
Interesting argument for temporary nationalization of the banking system as opposed to handing the current management teams, who have proven themselves to be completely inept, billions more dollars that won’t help anyway.  The last paragraph says it all.
The Huffington Post - CEOs Boosting Their Pensions While Workers Pensions Go Poof
More greedy CEO shenanigans, [...]

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The Hilarious Stuff Revolutions Are Made Of

by phillenbrandJanuary 26, 2009 Bailout

Don’t underestimate the man on the street. He’s smarter than you think, for one, and for two, he has a lot of time to mull things over now that he’s unemployed.
A People’s Hero has arisen in the American South. Watch his YouTube video and sympathize with the angst of the common man (warning: vulgar [...]

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Pissed about the bailout? Take out your aggression with the “Squeeze the Banker” dolls

by MorganJanuary 24, 2009 Random Thoughts

Feeling a bit upset about the bailout? Well now you can extract some revenge (kinda) by taking out your frustration on the “Squeeze the Banker” dolls. (h/t adfreak)

From the Squeeze the Banker site:
A percent of all Squeeze the Banker sales are donated to Modest Needs. Founded in 2002, it’s an award-winning public charity with [...]

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The Many Faces of the Mortgage Crisis

by phillenbrandJanuary 23, 2009 Bailout

Not being a homeowner myself at present, I often tend to take a rather distant look at the mortgage crisis. It’s bad, it’s brought down financial institutions that had managed to survive the great depression but failed to make it through this, and it’s caused an ever-widening recession as well as a rising number of [...]

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Mortgage applications tank as interest rate goes over 5%

by Constantine von HoffmanJanuary 23, 2009 Consumer Mortgage Tips

Last week, average 30-year mortgage rates jumped 0.35 percentage points to 5.24%. Not coincidentally, that same week the Mortgage Bankers Association’s index of mortgage applications dropped nearly 10%.  (This came on the heels of the incredibly-not-surprising news about December’s  nearly 11% drop in new housing permits from November. Starts were down 15.5%.)
Apparently 5% is the [...]

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Loan Modification Help: Get Your Loan Modification Approved

by MorganJanuary 22, 2009 Loan modification

Dozens of people every day ask me questions about how to get their loan modification approved by their lender. They email about how slow the lender is to approve their loan modification request, how they have a hard time understanding how to complete the information required in the loan modification worksheet and many other [...]

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Afternoon Quickie 01/22/2009

by phillenbrandJanuary 22, 2009 We're Reading

Huffington Post - House Rejects Obama’s Request For Rest Of TARP
The Big Picture - The ?Girls Gone Wild? creator is asking the government for bailout cash, reports CNBC?s Melissa Lee (Seriously?!)
Financial Times - Thain Ousted At Merrill Lynch
Housing Wire - Record Home Price Decline In November, FHFA Says

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