Word: macs
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...something to help responsible homeowners, the plan also seeks to help borrowers who have been making mortgage payments on time but can't refinance into cheaper loans because they've seen equity in their homes evaporate as prices have plummeted. The federal housing agencies Fannie Mae and Freddie Mac will refinance loans they hold or guarantee, even if borrowers owe more than their house is worth - up to 105% of the value of the property. The Administration figures that offer could reduce monthly payments for 4 million to 5 million borrowers...
Finally, the plan bolsters the amount of money allocated to Fannie Mae and Freddie Mac in an effort to keep mortgage rates low and entice new home buyers into the market, since new buyers are what's needed to drive down the number of extra houses for sale. The two agencies, which financed or guaranteed nearly three-quarters of new home loans last year as private players retreated, will be allowed to hold more mortgages on their books and could eventually see additional infusions of cash from selling preferred stock to the Treasury Department - an authority granted in legislation last...
...that the focus on tech growth potential has been too much about Apple (AAPL) which has done well, at least in its most recent quarter. But, Apple is as much a cult as a business. Some people will borrow themselves into the poor house to own a new Mac or iPhone. (Read "How to Know When the Economy Is Turning...
...from notebook PC sales dropped 13% in the last quarter and desktop revenue fell 25%. It is likely that results from Dell (DELL) will not be any better when it posts its quarter. Wall St analysts are starting to say that their surveys of retail outlets even show Apple Mac sales slowing...
Cheesy Children's Weekend. If you can't get a babysitter for Valentine's Day, bring the kids along. In Sante Fe, the Inn of the Anasazi's weekend "Children's Crafty Mac & Cheese" package starts off with a family pottery class to create a personalized dinner plate. On Saturday afternoon, kids get a lesson with the Inn's chef, who teaches them how to cook their own mac and cheese and sugar cookies. At dinnertime kids get served, you guessed it, mac and cheese on their custom-made plates, and at night, their sugar cookies will be waiting...