Word: interestion
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...there is little reason to believe that Fannie's move is going to immediately spark a wave of me-too programs. Cheryl Lang, CEO of Integrated Mortgage Solutions, a firm that helps manage repossessed houses, says she's seen some interest in the concept, but companies are hesitant to implement it for fear of the legal consequences. "Once a lender takes possession, if there's a mold issue or Chinese drywall, whatever the problem is with that house, whether or not the lender is aware of it, that's a liability," says Lang. She recalls being on a panel sponsored...
Many of the nation's largest lenders, including Citigroup and JPMorgan Chase, have meager interest in converting homes into rentals. "We're in the lending business," says Chase spokesman Tom Kelly. "We're not really equipped to be landlords." Lenders are sitting on nearly half a million repossessed houses nationwide, but getting rid of them quickly, even if that means taking a hit on price, seems to be the preferred response. A recent presentation by the head of Chase's retail-financial-services division showed that the company's servicing portfolio went from having about 52,000 repossessed homes...
What do you make of the stock market's rise and the dollar's fall? I'm optimistic on the market. I think the economy has caught a huge break with low interest rates, which are really going to make a difference. While the weaker dollar is obviously a concern, it's helping exports to remain strong. At the end of the day, though, it's low interest rates that matter more to the stock market.(See the top 10 scared stock traders...
What's the outlook for commodities like gold? Risk aversion will continue, and that means continued interest in commodities. Gold will be strong but, interestingly, not because of inflation but because as the dollar gets weaker, people want someplace safe to put their money, and right now they view gold as more stable than the dollar.(Read "How to Know When the Economy Is Turning...
...believe we will see them confront their legislators face-to-face with greater frequency and urgency. I believe that is the type of confrontation that will emerge - people no longer willing to sit idly by and leave the fight for their rights in the hands of lobbyists and special-interest groups...