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Obama works to 'hit the ground running' with Congress - Detroit Free PressWASHINGTON — As President-elect Barack Obama looks toward Inauguration Day, coordination with Congress could produce a remarkable result: Democrats may try to pass an economic stimulus bill even before Obama takes office Jan. 20, and have it on his ...
Letter: Mortgage crisis might have been worse without CRA - Salem NewsSo Taylor Armerding has joined the conga line of conservatives blaming those darn liberals and their do-goodin' ways for the current economic mess ("Nothing 'free' about market that led to our economic downfall," Viewpoint, Thursday, Nov. 27 ...
Off to Work They Go - CFO.comWhen The Economist asked academic economists in September which presidential candidate would pick the better economic team, a huge majority said Barack Obama. He has not disappointed them. The team he unveiled this past week is studded with stars of ...
Obama not a ghost of Clinton past - Asia TimesIt now seems probable that come next January 20 those in charge in Washington DC will look very different to those in charge previously. I'm not talking about the obvious factor of pigmentation chromatism, the issue that convulsed the nation for both ...
Long Bond Returns Most Since 1995 as Rosenberg Sees ‘Bubble’ - BloombergDec. 2 (Bloomberg) -- Thirty-year Treasury bonds are returning the most since 1995 as investors bet the Federal Reserve will buy the securities to help bring down long-term borrowing costs. The so-called long bond has returned 27.8 percent this year ...
Bush ignored financial warnings - Edmonton SunWASHINGTON -- The Bush administration ignored remarkably prescient warnings that foretold the financial meltdown, a review of regulatory documents shows. "Expect fallout, expect foreclosures, expect horror stories," California mortgage lender Paris ...
Five Reasons to Invest in Defense - Seekingalpha.comAlthough November ended on an upbeat, overall the month was brutal for stocks and the defense sector was no different. The sector has not been trading on fundamentals or the realization that defense sector revenues and earnings are relatively ...
What is Behind the Dollar Rally? - FXStreet.comFresh concerns about the global economy have triggered sharp gains in the US dollar and the Japanese yen. Risk aversion continues to seep through the markets as the National Bureau of Economic Research finally admits that the US economy fell into ...
Red Flags Fly High on Obama's Economic Team - Huffingtonpost.comTop Obama economic advisor Lawrence Summers is the consummate Wall Street, and yes another Clinton insider. His resume reads like a mini telephone book on the list of posts he's held in and out of every financial and government monetary agency ...
Obama: So far so good - Napa Valley RegisterWith the appointment of Christine Romer to head up his council of Economic Advisors, the key person to advise the President on economic policy, Obama has put in place an economic team that consists of centrists if not right of center policy makers ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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