Texas Unemployment Claims Data Sees a Change of Less Than 1,000 – Unemployment Rate at 8.2%
In the unemployment and jobless claims data that was released last week Texas saw unemployment claims data change less than 1000. At the present time the state of Texas is seeing an unemployment rate around 8.2% which is actually pretty good when compared to the national average. When attempting to analyze the unemployment jobless claims [...]
99ers See Unemployment Benefits Extension for a Tier 5 Put on Hold as Paying Bills Remains Difficult
Over the last several months many 99ers throughout America have greatly struggled to make ends meet when it comes to personal finances; there have been rumors and talks of an unemployment benefits extension but no bill has made it to President Obama’s desk when it comes to the 99ers. With the Senate going on a [...]
New Bad Credit Credit Card Debt Relief Rules Put in Place by Obama Administration and FTC This Week
Bad Credit credit card debt relief has been a very hot topic over the last several months as President Obama and his staff are looking to protect vulnerable consumers. This week the FTC applied new rules to debt relief and debt settlement companies. It is now the case that these companies cannot charge up front [...]
Lowest Mortgage Rates of 2010 Reported – Lenders Bank of America and Wells Fargo Look to Finish Week Positive
Wells Fargo and Bank of America are two of the biggest mortgage lenders in the country and they have had their troubles in the last several years as has been documented. That being said, we are currently seeing the lowest mortgage rates of 2010 reported today as Zillow.com is reporting 30 year fixed mortgage rates [...]
Unemployed 99ers Going Without Health Insurance Could Spell Disaster with No COBRA or Unemployment Benefits Extension
While many Americans used to consider health insurance a “must have” it is now considered a luxury for the unemployed 99ers who have exhausted their Unemployment Insurance (UI). Unfortunately, with no COBRA extension or unemployment benefit extension available for these individuals it is the case that they are going without health insurance which could cause [...]
More Ammo for Unemployment Benefits Extension as Ron Paul Points Out Real Unemployment Rate Could Be Around 20%
When it comes to ammo for the 99ers when seeking an unemployment benefits extension Ron Paul makes some good points. For quite some time Ron Paul has pointed out that the unemployment rate is likely much higher than we are being told. Back in February, Paul pointed out that the government claimed that the unemployment [...]
FHA Enforces Strict Guidelines and Requirements on Lenders as 1500 Receive Sanctions
The Federal Housing Administration continues to have very strict guidelines and requirements when it comes to mortgage lenders. Recently, the Mortgagee Review Board (MRB) has enforced sanctions on 1500 on lenders who did not meet these guidelines. Some of the sanctions included reprimands, probations, suspensions, withdrawals of approval, and civil money penalties. For mortgage lenders [...]
Weekly Unemployment Claims Drop to 457k But 99ers Still Seek an Extension of Unemployment Insurance (UI)
This morning it was announced that weekly unemployment claims dropped 11,000 to 457,000. It is important to note that last weeks number was revised to 468,000. Calculated Risk points out that the four week average for unemployment claims is at 452,500 which is a slight drop from the previous 4 week moving average of 457,000. [...]
Daily Mortgage Interest Rates Today for July 29 – Morning Update – New July Low for 30 Year Rates
Daily mortgage interest rates have been around 4.4% for the 30 year fixed for the entire week. Today we are seeing a drop to new July lows even though the 10 year treasury rate yield has found support at its 20 day moving average. It will likely be the case that if the 20 dma [...]
Princeton Professor – Unemployment Benefits Extension Needed Rather than Extending Bush Tax Cuts
Recently, Alan Blinder, professor and co-director of Princeton University’s Center for Economic Policy Studies, stated that extending Bush tax cuts will not create jobs as it will increase the gap between the rich and the poor. This is a statement from Wednesday located on Huffington Post, “”Some have a lot of bang for the buck, [...]
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