Happy Independence Day!

by Ryan Thompson on July 4, 2010

I sure hope your holiday weekend has been great so far!   Those of us in the USA should be thankful for the freedom we have.

Now go out with your family and friends and enjoy this special day of celebration.

Here’s some great info on our national holiday.

http://en.wikipedia.org/wiki/Independence_Day_(United_States)

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Happy Father’s Day

June 21, 2010

Happy Father’s Day to all of you fathers out there. Like Mother’s Day last month, here’s a link to some interesting facts about Father’s Day! http://en.wikipedia.org/wiki/Father’s_Day

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Happy Mother’s Day

May 9, 2010

Happy Mother’s Day to all of you mothers out there. To all of you with mothers, word to your mother! Here are some interesting facts about Mother’s Day! http://en.wikipedia.org/wiki/Mother’s_Day_(U.S.)

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$400M NASA Mission Completed By Hobbyist For A Few Hundred Dollars?

March 26, 2010

Robert Harrison, a hobbyist from Yorkshire, UK, launched a device 22 miles into the Stratosphere to receive get high-altitude images of our Earth. The project only cost a few hundred dollars.

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Poll: Is This Recession a Good Thing for Real Estate Investors?

February 19, 2010
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Mortgage Delinquencies Rise for 12th Straight Quarter: TransUnion

February 17, 2010

Mortgage delinquencies of 60 or more days rose for the 12th straight quarter, hitting a record high 6.89% in Q409, according to market research by credit bureau TransUnion.

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Are Cash Investors Hurting Buyers? What Do You Think?

February 11, 2010

Many home buyers are losing out on deals to cash buyers. What’s the reason for this and how long is this going to continue?

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FDIC and Former IndymacBank Guys Slap Together a Deal to Transfer Wealth from Homeowners to OneWest Bank

February 10, 2010

IndymacBank was seized by the FDIC in July of 2008. OneWest Bank acquired their assets (at a discount, obviously) in March of 2009.

Now the FDIC is covering 80% to 95% of losses due to short sale or foreclosure. OneWest Bank just can’t lose on this deal.

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U.S. Economy To Be Hit By Second Wave of Mortgage Defaults

February 8, 2010

Just like we’ve seen in the past with prime and option-arm loans going into default, we’ll see a new tidal wave of subprime and ALT-A loans.

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The Commercial Real Estate Dilemma

February 4, 2010

Over $1.4 trillion in commercial real estate debt is expected to come due over the next three years. Many of these notes will be difficult if not impossible to refinance. Lenders are already taking HUGE hits on these commercial foreclosures just to get them off their books and create liquidity to continue lending. This is [...]

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