Today’s news that may be of interest to you:
Senate Banking Looks into Downgrade
The Hill | August 8, 2011
The Senate Banking Committee is looking into Standard & Poor’s decision to downgrade the United States’ credit rating. Following S&P’s decision Friday night to reduce the nation’s credit standing from AAA to AA+, the panel has begun gathering information about the downgrade, according to a committee aide.
FHFA Assures Investors After Fannie, Freddie Downgrade
HousingWire | August 8, 2011
The Federal Housing Finance Agency assured investors Monday that securities issued by the government-sponsored enterprises are sound, pushing back against a downgrade from Standard & Poor’s earlier in the morning.
Is Recruiting Via Facebook Still Effective for Small Business?
The Wall Street Journal | August 8, 2011
For small companies with limited budgets, Facebook has long been a popular recruiting tool for a simple reason: It’s free. But now, large firms that can afford to buy ads on job boards are no doing the same.
Worst Day for World Markets Since ’08
The Washington Post | August 9, 2011
World markets plunged Monday in the worst trading day since the financial crisis, eradicating hundreds of billions of dollars of wealth in a setback to the struggling U.S. economic recovery.
From the National Association of Realtors®:
Will the S&P Downgrade Affect Interest Rates?
It’s the question your customers are likely asking: What effect will the S&P’s downgrade to the U.S. credit rating have on mortgage rates? Read this article and watch a video from NAR’s chief economist to learn more.
More Home Owners Get Loan Modification Help
“We’re continuing to see a slight improvement in home prices and a decline in mortgage defaults as our foreclosure prevention programs reach more borrowers upstream in the process,” says the Housing and Urban Development assistant secretary.
Anthony V. Carollo / President
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