I’ve mentioned this before, but it is probably worth repeating …The Not Seasonally Adjusted (NSA) house price indexes will show month-to-month declines later this year. This should come as no surprise and will not be a sign of impending doom. • There is a seasonal pattern for house prices. Prices tend to be stronger...
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Security Bank Once graceful on a tight rope Fell as gator chum by Soylent Green is People From the FDIC: Banesco USA, Coral Gables, Florida, Assumes All of the Deposits of Security Bank, National Association, North Lauderdale, Florida As of March 31, 2012, Security Bank, National Association had approximately 1.0 million in total assets...
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From RealtyTrac: Q1 2012 Foreclosure Activity Lowest Since Q4 2007 RealtyTrac … today released its U.S. Foreclosure Market Report™ for the first quarter of 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 572,928 properties during the quarter, down 2 percent from the previous quarter and...
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“They built this City… … Playing corporation games Write us off the page” Excerpted by Soylent Green is People from M.Page, B. Taupin, D. Lambert, and P.Wolf. From the FDIC: FDIC Approves the Payout of the Insured Deposits of New City Bank, Chicago, Illinois As of December 31, 2011, New City Bank had .2...
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Big banks, including Wells Fargo (WFC: 26.29 0.00%) and U.S. Bancorp (USB: 26.04 0.00%), are likely to outperform the rest of the financial services market in 2012, and homebuilders could see a "start of the return to normal," according to a report from FBR Financial Services (FBRC: 2.04 0.00%). The investment bank predicted new...
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The Federal Reserve will need help from Congress in order to boost economic growth with its latest policy announcement, according to Freddie Mac Chief Economist Frank Nothaft. The Fed said last week it will purchase 0 billion in long-term Treasurys and reinvest principal and interest payments from agency mortgage-backed securities it already bought during...
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The BLS reported this morning: “The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.1 percent over the last 12 months to an index level of 222.686 (1982-84=100).” CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA). Here is an explanation … The calculation dates have...
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