State Farm announced yesterday it will no longer write new insurance policies or re-new any of their existing insurance policies in Florida. This change affects nearly 1.2 million customers in Florida who carry the following policies: homeowners, renters, condominium unit owners, personal liabil
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01/28/2009
It seems like not too long ago the buzz was vacancies were down and rents up as less people were qualifying to buy a home. This probably would've remained true had our economic woes contained themselves to just the housing sector. This was our original hope, and obviously not what has ensued. No
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01/24/2009
Curious where Austin ended in 2008, and where we're headed? Well, keep these statistics in your back-pocket for the frequent economic conversations we are all experiencing. Housing December 2008 - Single Family Homes 1,299 was the number of homes sold, a 21 percent decrease as compared to Decem
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01/23/2009
During a time when we're all doing our best to meet financial obligations, apparently staying current on your notes isn't enough. Banks have recently begun foreclosing on builders with perfect pay history due to the slowdown in the housing market. Dave Brown, has been a well-known builder in Tem
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01/22/2009
Companies are struggling to sustain employee morale as our country's recession affects everyone very personally. One of the main threats to employee morale is the financial stress they suffer, much of which is caused by a near 30% decrease in their investments, ever-present layoffs and pay/benefi
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01/15/2009
HUD is delaying implementation of the "required use" provision of the final RESPA rule that was slated to be implemented January 16th. This provision would keep builders from making incentives or discounts available to buyers only upon using the builders' preferred lenders. The delay comes after
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01/13/2009
My husband, Stephen, owns an equipment finance company, so needless to say both of us being entrepreneurs in the lending industry has some days felt a little disconcerting lately. However, despite the recent challenges in our businesses, I was encouraged today when reading Gene Marks' article in
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01/10/2009
You've probably already heard TARP funds aren't actually buying troubled assets anymore, and if the reason why isn't confusing or irritating enough, we now find out one of the reasons why Wall Street's $700 Billion is not easing lending as originally intenteded. From July 7th to date, there has
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01/08/2009
The hit car manufactures are taking during our recession became very clear when I saw a Hyundai commercial promoting its Hyundai Assurance program. This promotion allows buyers to return their car within the next year if they loose their job or experience a life altering event. Wow, that's aggre
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01/07/2009
I don't have to get into why 2008 was a tough year for almost everyone -- I'm personally tired of talking about 2008, and what 2009 may still have in-store for us. Unlike many of my counterparts, I still REALLY love what I do, and am still excited to wake-up every morning and work hard to get my
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01/05/2009
