Foreclosures Move East as Hardest-Hit Markets Clear

Foreclosures Move East as Hardest-Hit Markets Clear

Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent $25 billion mortgage servicing settlement are now changing the face of the crisis.

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http://www.cnbc.com/id/47451297

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Daniel Weis 

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Shortfall in California’s Budget Swells to $16 Billion

The rise in California’s projected budget deficit, from $9.2 billion in January, is forcing state officials to propose a new series of midyear cuts in already battered programs. http://nyti.ms/J183X9

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NYTimes: The Education of Mark Zuckerberg

Facebook’s founder and 28-year-old C.E.O. will soon face the unfamiliar landscape of running a public company, monitored by a merciless stock market. http://nyti.ms/Kimczl

Daniel Weis Mob – 949 302 3471
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Housing: Bottom, Reversal or Just Noisy Numbers

Housing: Bottom, Reversal or Just Noisy Numbers

It’s not crashing again, it’s just bouncing along a bottom, which means the recovery, as we’ve been warning all along, becomes increasingly local.

Full Story:
http://www.cnbc.com/id/47177720

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Daniel Weis 

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www.WeisRE.com

 

US house prices continue to fall

** US house prices continue to fall **
US house prices continued to fall in January, but at a slower pace than in the previous month, a closely-watched survey suggests.

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Daniel Weis
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WeisRE.com

 

This Mortgage Plan Will Not Have Any Effect Which Gives Homeowners Bulk of the Benefits

This plan will do nothing more than create an extremely temporary economic stimulus. I suppose the government and the banks feel like this plan means that they are accomplishing something. Throwing money at a problem wont fix the organizations that caused the problem. Under the settlement, about $5 billion would go to states and federal authorities, $17 billion would be earmarked for homeowner relief and $3 billion would go for refinancing. http://nyti.ms/AswFhV

Daniel Weis
Dir – 949 302 3471
WeisRE.com

 

Final Foreclosures Fall as Pipeline Swells

Robo -Reality: Final Foreclosures Fall as Pipeline Swells

The number of new foreclosures in 2011 dropped nearly 40 percent, according to year-end numbers just released by Lender Processing Services; there is, however, little cause for celebration.

Full Story:
http://www.cnbc.com/id/46162724

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Daniel Weis

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Waiting for a Housing Recovery? Look to 2013: Economists

Waiting for a Housing Recovery? Look to 2013: Economists

The five-year slide in U.S. home prices will end this year, followed by the start of a weak recovery in 2013, according to a Reuters poll of economists.

Full Story:
http://www.cnbc.com/id/45988103

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Waiting for a Housing Recovery? Look to 2013: Economists

Waiting for a Housing Recovery? Look to 2013: Economists

The five-year slide in U.S. home prices will end this year, followed by the start of a weak recovery in 2013, according to a Reuters poll of economists.

Full Story:
http://www.cnbc.com/id/45988103

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Apple in Narrow Win in US Patent Suit Versus HTC

Apple in Narrow Win in US Patent Suit Versus HTC

Apple scored a narrow victory against Taiwan’s HTC in their smartphone patent battle after the International Trade Commission ruled HTC infringed on only one of four patents at the center of the case brought by Apple. 

Full Story:
http://www.cnbc.com/id/45731597

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