Recent figures for February indicate that while wages earned by the employed have risen, the unemployment rate has remained at last month's 9.7%, and about 36,000 were lost last month, contrary to a trend of growing job markets over the last few months. Unfortunately the unemployment rate has ris
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03/05/2010
The Labor Department is expected to announce a loss in jobs for last month, with unemployment claims rising as inclement weather and a poor economy wreak havoc on our hopes that the economy is recovering. Unfortunately, this news comes on the heels of slowing home sales and a drop in home values.
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03/04/2010
The federal refinance program Home Affordable Refinance Program (HARP) designed to help borrowers with high loan to value ratio mortgages has received a one-year extension, now set to expire June 30, 2011. The program was originally introduced February 2009, and has come to cover loans backed by
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03/04/2010
***Only self-employed borrowers can go stated. Income from any other sources (for example, salaried wages, rental, social security, pension, interest) may be considered in qualifying the borrower as long as it is fully documented.Purchase and R/T Refinances -60% LTV/CLTV to $1,500,000 wit
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02/27/2010
Posted in the Laguna Independent. Hersey Felder as "Monsier Chopin" at Laguna Playhouse in a brief run. Created by the same team that brought "George Gershwin Alone" to life at Laguna Playhouse, "Monsieur Chopin" begins a brief run at the theater, Feb. 25-March 7. On stage, Hersey Felder inhabits
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02/26/2010
Economic Data:EUR / USD 1.3575 Up 0.0026USD / JPY 89.210 Up 0.1350GBP / USD 1.5185 Down 0.0080OIL 78.68 Up 0.51Gold 1,112.50 Up 4.00Key Economic News:We have GDP revision, the Chicago purchasing managers index, Michigan confidence and existing home sales...8:30:
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02/26/2010
The The Department of Housing and Urban Development is preparing to issue a final rule soon that will give mortgage bankers additional time to adjust to coming higher net worth requirements. The final rule will "ensure there is a chance to ramp up to the new requirements," said Federal Housi
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02/26/2010
Most of my business is thru referrals from friends, family, past clients, and many wonderful agents that I work with. I do as much up front work as possible in collecting every piece of documentation from my client to pre-approve them for a loan. My usual pre-approval process results in a DU or
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02/25/2010
Bernanke on Wednesday told Congress that with inflation and the job market in the state that it is in, that rates need to stay low for the short term. This is opposite of what the market was speculating. The market speculated that since the Feds were not going to continue to buy MBS as of March
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02/25/2010
According to numbers provided by RealtyTrac, foreclosures fell about 10% from December to January this year, a number corresponding to a trend last year. However, RealtyTrac CEO James Sacaccio was careful to point out that although foreclosures dropped last month, he expects them to rise over the
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02/11/2010
