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Economic news and numbers

Wall Street's reality check

A dismal jobs report has set the stage for what could be a month of reality checks on Wall Street as the spring stock rally hits a wall.

Oil below $66

Read full story for latest details.

Japan backs dollar as reserve currency

Read full story for latest details.

Cash-poor California turns to IOUs

Here come the California IOUs.

Small business lending falls sharply

Despite emergency stimulus measures, small business lending continues to fall. In the just-ended quarter, the Small Business Administration's flagship program backed 30% fewer loans than it did a year ago, and 55% fewer loans than it did in 2007, before the recession set in.
 

Blog Posts

Juan Alvarez

Luz al final del túnel

Con “bombos y platillos” se está celebrando los tres meses consecutivos de ganancias que ha tenido la bolsa de valores por primera vez este año.

La Asociación Nacional de Economía de Negocios expresó que el final de la recesión se está acercando. Haciendo notar que “a pesar que el tono general de la economía permanece aún un poco débil, se han comenzado a ver signos económicos que apunta hacia la recuperación económica”.

Es importante hacer mención que la estabilidad económica impacta la tasa… Continue

Posted by Juan Alvarez on June 4, 2009 at 4:46pm

Juan Alvarez

¡Acción, acción y más acción!

La actividad positiva de la pasada semana en la bolsa de valores se debió, en parte, a varios reportes económicos que indicaron que tal vez la recesión ha parado su caída precipitosa de los pasados meses.

De igual manera influyen los anuncios interesantes por parte del gobierno acerca de los beneficios para los compradores de casas.

En el frente económico, los titulares fueron mixtos. Los economistas estudian índices económicos que le sirven como instrumentos de medición.

Uno de éstos es cono… Continue

Posted by Juan Alvarez on June 2, 2009 at 9:49am

Juan Alvarez

A prisa pero con pausa

Proceso de ejecucion de embargo (foreclosure) necesita ser atendido inmediatamente pero con cautela a los aspectos legales

Según la Ley de embargo del estado de Florida, las instituciones bancarias pueden reposeer la propiedad cuando el dueño de vivienda deja de pagar su préstamo hipotecario y el tiempo promedio de este proceso puede tomar unos seis meses aproximadamente bajo circunstancias normales. Toma más tiempo cuando la cantidad de ejecución de embargos aumenta.
En estos tiempos la… Continue

Posted by Juan Alvarez on May 12, 2009 at 1:30pm

Forum

Juan Alvarez

Wachovia Mortgage Assistance Plan

Wachovia is helping homeowners stay in their home. The Mortgage Assistance Plan from Wachovia propose a principal reduction of 20% of the mortgage balance, extension of the term to 40 years, rate r...

Tagged: mortgage, assistance, plan, reduction, balance

Started by Juan Alvarez Apr 2.

Juan Alvarez

The Real Reason Behind the Economic Crisis - "Mark to Market"

In this video you will learn the principle of "Mark to Market" and the accounting flaws in the financial system that drove the US economy into our current crisis. Presented by Barry Habib, Chairman...

Started by Juan Alvarez Mar 16.

Juan Alvarez

Who owns my loan?

The Homeownership Affordability and Stability Plan target primarily Freddie Mac and Fannie Mae loans. To identify if your loan is government sponsored we posted two links for GSE Freddie and Fannie...

Started by Juan Alvarez Mar 14.

Juan Alvarez

Shame on Chase

In another attempt to foreclose on a homeowner, Chase came short from getting the foreclosure sale date granted by the court. A number of inadequacies in the file highlighted at the hearing, gave t...

Tagged: foreclose, court, date, sale

Started by Juan Alvarez Mar 12.

Juan Alvarez

Aurora Short Sale Approval

This home sold for $0.32/$1.00. Freddie Mac is the investor. Aurora Loan Servicing believes; the sooner a short sale offers gets approved - higher the possibilities the transaction will close. L...

Tagged: approval, REO, sale, short, Aurora

Started by Juan Alvarez Mar 6.

 
 

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