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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
A Plan To Jumpstart The Mortgage Market
Posted on 07/20/2008 13:41:55 | Link | Post Comment
Goodyear to break ground on Reds' facility in '09
from The Arizona Republic, reports that after finalizing a deal with The Cincinnati Reds this week, Goodyear expects to break ground on a second spring-training facility by early 2009. Reds President and CEO Bob Castellini said, "We're extremely happy about the partnership. We look forward to 20 years-plus of enjoying great baseball in your city." Goodyear's $108 million Baseball Stadium and Recreational Sports Complex will offer seating at the main ballpark for 10,000 fans. It will be the centerpiece of the planned Ballpark Village, with offices, shops, restaurants, housing, hotels and a conference center.
A plan to jumpstart the mortgage market
from CNNMoney.com, reports that a group representing the buyers and sellers of mortgage backed securities unveiled a plan this week to recharge the mortgage market. The American Securitization Forum hopes its plan, Project RESTART, will increase the supply of mortgage loans available to borrowers and lower their cost. Jump starting the mortgage market could provide a needed boost to the struggling housing market. Tom Deutsch, ASF Deputy Executive Director said, "Project RESTART's goal is to rebuild confidence in investors in these securities." This plan aims to revive the segment of the secondary market that trades in mortgages that are not backed by Fannie Mae and Freddie Mac. According to Deutsch, the plan calls for making the process of securitizing loans for investors more transparent, so that they can more clearly understand the nature of the mortgage pools they purchase.
California June 2008 Sales Report
A total of 35,202 new and resale houses and condos were sold statewide last month. That was up 6.6 percent from 33,024 in May and down 8.1 percent from 38,291 for June last year. Last month's total made for the slowest June in DataQuick's statistics, which go back to 1988..... full story
from The Arizona Republic, reports that after finalizing a deal with The Cincinnati Reds this week, Goodyear expects to break ground on a second spring-training facility by early 2009. Reds President and CEO Bob Castellini said, "We're extremely happy about the partnership. We look forward to 20 years-plus of enjoying great baseball in your city." Goodyear's $108 million Baseball Stadium and Recreational Sports Complex will offer seating at the main ballpark for 10,000 fans. It will be the centerpiece of the planned Ballpark Village, with offices, shops, restaurants, housing, hotels and a conference center.
A plan to jumpstart the mortgage market
from CNNMoney.com, reports that a group representing the buyers and sellers of mortgage backed securities unveiled a plan this week to recharge the mortgage market. The American Securitization Forum hopes its plan, Project RESTART, will increase the supply of mortgage loans available to borrowers and lower their cost. Jump starting the mortgage market could provide a needed boost to the struggling housing market. Tom Deutsch, ASF Deputy Executive Director said, "Project RESTART's goal is to rebuild confidence in investors in these securities." This plan aims to revive the segment of the secondary market that trades in mortgages that are not backed by Fannie Mae and Freddie Mac. According to Deutsch, the plan calls for making the process of securitizing loans for investors more transparent, so that they can more clearly understand the nature of the mortgage pools they purchase.
California June 2008 Sales Report
A total of 35,202 new and resale houses and condos were sold statewide last month. That was up 6.6 percent from 33,024 in May and down 8.1 percent from 38,291 for June last year. Last month's total made for the slowest June in DataQuick's statistics, which go back to 1988..... full story
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