Estimates have shown that the wealth effect is about 3 – 7 cents for each 1-dollar change in the equity value of the stock market. Research shows each extra dollar of housing wealth has larger impact Palm Coast, FL – July 1, 2011 Housing Wealth and Consumer Spending A wealth effect describes the […]
Palm Coast is included in the front page feature on today’s USA Today, just 4 weeks after being highlighted in a front-page Sunday Washington Post feature story. Palm Coast, FL – July 1, 2011 – Only four weeks ago, Palm Coast was highlighted in the front-page lead story in the Sunday edition of the Washington Post. That […]
75% of recent mortgage assignments are invalid. About 27% of invalid assignments are fraudulent, while 35% are robo-signed and 10% violate the Massachusetts Mortgage Fraud Statute. Palm Coast, FL – June 30, 2011 "What this means is that the degradation in standards of commerce by which the banks originated, sold and securitized these mortgages are […]
The first sign of a $3 billion fraud surfaced Jan. 11, 2000, when a Fannie Mae executive discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else. Palm Coast, FL – June 30, 2011 – An explosive report from Bloomberg. The first sign of what would ultimately become a $3 […]
Pilots would call this guy a ”tail dragger.” Palm Coast, FL – June 29, 2011 – Flagler County Airport attendants had a little trouble finding the gas cap on this model. The small alligator was photographed on Monday when he stopped by for a fill up at the Flagler County Airport. County Airport Director Roy […]
Palm Coast’s real estate market continues showing signs of strengthening; sales up, pending contracts up, days on market down. Palm Coast, FL – June 29, 2011 – The National Association of Realtors® released its monthly Pending Home Sales Index. The index rose in May showing gains in all regions. It also represented the first time […]
Interactive map gives number of homes sold by state Palm Coast, FL – June 28, 2011 – An interactive map gives first quarter home sales results. Click within the borders of your state to see the Existing Home Sales value for the past quarter, and the percentage change from the previous quarter and previous year. How […]
Chase and Wells Fargo borrowers report having received over $10,000 cash to sell their homes via a short sale. Palm Coast, FL – June 28, 2011 – Two major lenders are encouraging selected borrowers to sell their homes through a short sale by offering cash. Both Wells Fargo and Chase are reported to have paid […]
Ever wonder what the breakdown is of your state’s tax collections? There’s a big state-to-state difference. Palm Coast, FL – June 28, 2011 – The U.S. Census Bureau released the first quarter 2011 tax collections by state and type of tax. There is a big state-to-state difference of where the money comes from. Florida collected […]
Think losing the mortgage interest deduction would be no big deal? We bust seven myths to show why the cost is bigger than you think. Palm Coast, FL – June 27, 2011 7 Mortgage Interest Deduction Myths Think losing the mortgage interest deduction would be no big deal? We bust seven myths to show […]