Today’s news that may be of interest to you:
House Republicans Introduce Bill to Reform Fannie, Freddie
HousingWire | March 17, 2011
Rep. Jeb Hensarling (R-Texas) re-introduced legislation late Thursday that would end the bailouts of Fannie Mae and Freddie Mac and end their conservatorship in two years.
Economic Fears Spike as Gas, Food Prices Rise: Survey
CNBC | March 18, 2011
Deep pessimism about future economic growth is weighing on Americans as they hunker down from the effects of higher gas and food prices and fear that those prices could remain elevated for years, a poll from CNBC has found.
More Borrowers Are Opting for Adjustable-Rate Mortgages
The New York Times | March 18, 2011
In the years since the financial crisis, adjustable-rate mortgages, or ARMs, with their low initial interest rates that changed over time, have been considered riskier than fixed-rate loans and shunned by most buyers. But these days more people are being persuaded to give the loans a try.
Frank Wants Wall St. to Pay for Housing Relief
The Hill | March 18, 2011
Rep. Barney Frank (D-Mass.) wants hedge funds and major financial institutions to foot the bill for housing relief programs, under a new bill he introduced Thursday.
Jobless Claims Drop
The Washington Post | March 17, 2011
Fewer Americans filed first-time claims for unemployment insurance payments for a third week in the last four, indicating progress in the labor market.
Executive Bonuses Bounce Back
The Wall Street Journal | March 18, 2011
CEO bonuses at 50 major corporations jumped 30.5%, the biggest gain in at least three years, according to a study by Hay Group for The Wall Street Journal.
From the National Association of Realtors®:
Gen X Buyers to Lead Housing Recovery
Generation X, adults ages 31 to 45, are expected to be the dominant buyers in the housing recovery, but they’re approaching home purchases with different expectations.
Laptops vs. Tablets: Businesses Make a Switch
More companies are favoring tablets over laptops for their smaller size and increased mobility, a new study shows.
Renting May Soon Get Pricier
Double-digit rent hikes may be on the horizon, thanks to rising demand.
Anthony V. Carollo / President
Stewart Title of Spokane
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Spokane, WA 99201
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Direct Fax: 866.652.8834
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