
Mortgages: Strategic Defaults Are On the Rise
The first wave of U.S. mortgage defaults was spurred by lenders who made bad loans and borrowers who wound up with larger monthly payments than they could ever hope to manage.
Read more on Muzi
Falling home prices stir fears of new bottom
NEW YORK — The housing slump isn’t over. Tax [...]

Strong April boosts economy
The economic recovery got a lift in April as orders for large manufactured goods surged while sales of new homes benefited from homebuyer tax credits.
Read more on Fort Wayne Journal Gazette
/C O R R E C T I O N — Office of Congressman Chaka Fattah/
In the news release, Fattah Applauds Colleagues [...]

Consumers more cautious about spending in April
Consumers don’t appear confidentenough in the economy to open their wallets more freely.
Read more on WXOW 19 La Crosse
Consumers more cautious about spending in April
Consumers don’t appear confidentenough in the economy to open their wallets more freely.
Read more on WCAX-TV Vermont
Tax credit and low mortgage rates boost home sales
Homebuyers [...]

Homeowners at a loss
Gregory Lemke lost his second job. Stacia Lemke lost shifts at work.
Read more on Everett Herald
Homeowners at a loss
Gregory Lemke lost his second job. Stacia Lemke lost shifts at work.
Read more on Everett Herald
Homeowners at a loss
Gregory Lemke lost his second job. Stacia Lemke lost shifts at work.
Read more on Everett Herald
Tax [...]

Market Commentary and Intraday News
(AP:NEW YORK) Morgan Stanley is raising the base salary of its chairman, John Mack, to $2 million, more than twice the salary he earned last year when he also served as the bank’s CEO.
Read more on INO News
3 Fla. banks, 1 each in Nev., Calif. shut down
Regulators on Friday shut down [...]

President Barack Obama Pays a Visit to Western New York
The 44th president of the United States of America last week took his first trip to Western New York since taking office in 2009. President Barack Obamas May 13 visit was brief well under four hours but prompted plenty of excitement in the region.
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AP News in Brief
Obama visits Gulf, confronts spill damage _ and rising anger over failure to stop gushing oil GRAND ISLE, La. (AP) _ Kneeling to pick up tar balls on an oil-fouled beach and listening to “heartbreaking stories” of loss, President Barack Obama personally… Drilling fluid – BP – Gulf of Mexico – Oil [...]

Fitch Affirms Verizon’s IDR at ‘A’; Outlook Stable
CHICAGO—-Fitch Ratings has affirmed Communications Inc.’s Issuer Default Ratings and debt ratings as follows:
Read more on Business Wire via Yahoo! Finance
Former Delray commissioner charged with running Ponzi scheme
Charlotte Gilmore Durante, 66, was charged with aggravated white collar crime, organized scheme to defraud greater than $50,000, 23 counts of [...]

Strong April boosts economy
The economic recovery got a lift in April as orders for large manufactured goods surged while sales of new homes benefited from homebuyer tax credits.
Read more on Fort Wayne Journal Gazette
/C O R R E C T I O N — Office of Congressman Chaka Fattah/
In the news release, Fattah Applauds Colleagues [...]

Real Estate News: Mortgage Rates Fall Below 5%; Home Resales Jump
Here is a look at real-estate news in today’s WSJ:
Read more on Wall Street Journal Blogs
US home sales hit 2-year high
Purchases of new homes in the United States jumped to the highest level in two years in April as buyers rushed to qualify for a [...]