Today’s news that may be of interest to you:
As Lenders Recover, Credit Is Again Dealt to Risky Clients
The New York Times | April 10, 2012
With the financial industry recovering and fee income reduced by new regulations, lenders are seeking to woo back less creditworthy borrowers.
Profit Drop at U.S. Banks Imperils Rally
Bloomberg | April 9, 2012
The six largest U.S. lenders, including JPMorgan Chase & Co. (JPM) and Wells Fargo & Co., may post an 11 percent drop in first-quarter profit, threatening a rally that has pushed bank stocks 19 percent higher this year.
That Other Foreclosure Crisis: Commercial Real Estate Teeters
Forbes | April 10, 2012
Back in February, 2010, before she was the Left’s great hope in Massachusetts, Elizabeth Warren authored a report that began with a dire prediction: “A significant wave of commercial mortgage defaults would trigger economic damage that could touch the lives of nearly every American.”
Rentals outshine single-family home purchases: Zillow
HousingWire | April 10, 2012
The nation’s rental market continues to strengthen with some big cities seeing rents rise nearly 15% compared to a year ago.
Top 6 Social Media Web Sites
Realtor Magazine | April 10, 2012
Where are your clients increasingly hanging out in the social media world? Facebook isn’t the only place.
Did High Gas Prices Fuel the Housing Crisis?
Realtor Magazine | April 9, 2012
“High gasoline prices provided the trigger that burst the [housing] bubble,” says JunJie Wu, an Oregon State economist and one of the authors of a new study that blames high gas prices as the main culprit for the housing crisis that started in 2007.
Anthony V. Carollo / President
Stewart Title of Spokane
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