No se me olvida que , que aquellos que ganaron más de un millón recibieron el 62% de las reducciones de impuestos. Que esa gente ganó el 42% de lo que ganó todo el país y son 11,433 personas de los 134 millones que pagamos impuestos. Un 1%. Pero vamos llegando a la mitad del mess (esto pica y se extiende, dicen los analistas) y la noticia de la que todos hablan y especulan es que Fannie Mae y Fredie Mac van a ser ayudados en esta crisis que ya no es de subprime loans, de mortgages, sino de toda la estructura financiera. Por décadas, fuimos abanderados del ‘free market', durante décadas, todo iba viento en popa, ahora, el sector privado (de arriba-arriba) vuela, saca fondos... y pide $$ a los taxpayers. El caso de Fannie Mae y Fredie Mac nos costará, inicialmente $8 billones. El Banco de la reserva tiene destinados $53 billones para estas emergencias y hay alrededor de 100 bancos al borde la la catarsis financiera. Mientras, que aunque los intereses federales están en 2% los bancos están prestando a más de 6%, y algunos hasta más de 7%.
Fannie Mae y Fredie Mac . También los loans estudiantiles. Sin ellos, es cierto, más de la mitad del país hubiera tenido que irse a vivir debajo de los puentes.
Las predicciones no son alentadoras. en los próximos 15-18 meses. Al menos 150 de los más de 7500 bancos del país pueden fallar. , trata de calmar el sentimiento de inseguridad que recorre todo el país, mencionando que los Feds dicen que la mayoría de los bancos están bien.
El a los consumidores. ¿Tus depósitos están asegurados? Si son por debajo de $100.000 no hay que perder el sueño, pero si superan los $100.000... a correr, que te lleva el tren. En América, hay $6.9 trillones en depósitos, pero solamente $4.2 están asegurados. Más de $2.4 trillones son cuentas de banco sin seguro.
, algunos de los bancos que menciona Guardian, citando FDIC data del 31 de marzo con 146.2 por ciento de radio, con posibles problemas son: "...Fort Lauderdale, Florida's BFC Financial Corp, que invierte en BankAtlantic Bancorp Inc; Coral Gables, Florida's BankUnited Financial Corp... Puerto Rico's Doral Financial Corp, First BanCorp and Santander BanCorp."
Dentro del desastre, hasta noviembre que la gente vote, nadie va a tomar más medidas que parches, como este. Todo el mundo sabe que habrá que subir los intereses. Horror. Pero nadie se imagina cómo salir completamente del hoyo porque esto ya viene caminando por décadas, el sistema financiero se ha globalizado y está tan interconectado que es imposible detener el efecto domino que comenzó con los subprimes. Y subir los intereses, sin equilibrar realmente los salarios al costo de vida, cuando también sabemos que dos terceras partes de esta economía depende de nuestro poder de compra... bueno, allá ellos.
Lo curioso es que por muchas partes, en otros países, han hecho huelgas, la gente ha salido a protestar. Ayer, una amiga me decía: "No, aquí la gente está muerta". Una sentencia que me dejó todo el día un sabor a fracaso y a impotencia, que no le deseo ni a mi peor enemigo. Pero estoy de vacaciones, y tendré que lidiar con este fantasma para que no me quite el sueño.
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My father is selling his vineyard house. My parents invested ten years of their life (plus some months of mine and my brother's) and nowadays they don't want to work in vineyard anymore. I helped him, but I also don't have time and I rarely drink alcohol and I'm building a hose of my own, so it's a burden for me to. It's located 4 km of wellness center and 8km from .
.
Here is an .
In vicinity is a grass field airport for smaller airplanes.
Price: 100.000 EUR
CONTACT: Branko Peterlin 00386 41 652 023 or
The presence of a desire for anything is an indication that inherent in that person is the capacity to achieve or have whatever it is that one desires. It is in defining what we want and then staying focused on that desire that the rubber meets the road. Our minds are so accustomed to changing all the time. Observe your thought when you go into a restaurant and are presented with a menu. Did you notice that it is not so easy to choose what you want to eat?
If you have always wanted to be an investor, then read on.
The greatest investor of our time varies with whom you speak with. For some, it is George Soros, for others, it is Donald Trump, still for others it is Warren Buffet. Warren Buffet is the most beloved of all, and people pay lots of money to have lunch with him. He is endearing because of his simplicity, his humility and above all else, straightfowardness. He did not invent anything. He simply studied the stock market and used his knowledge to pick and choose. This approach towards investing in real estate is also the best way to do it. No hurry. Study, study, study and then choose, then buy, then protect your investment.
One can look at real estate investing in a way similar to that of a commodity. We will always need a roof on our heads and food on the table and some money for our other necessities. Depending on the lifestyle that you are accustomed to, the definition of necessity varies.
Investing is only a part of our life when our necessities have been met. It is, however, possible to change what is necessary in our lives in order to set aside something for investment purposes. It is also helpful to have a guide that can help you in order to save you years of study.
Someone who has experience can save you countless hours of studying and can also help you determine your long term financial goals and work toward it.
When is a good time to invest? Anytime is a good time to invest. First of all, you are investing the money that you would otherwise spend.
I love the stories of Robert Kiyosaki, author of Rich Dad, Poor Dad. While others question the facts that he wrote, he is still a great story teller and can serve as an inspiration to lots of people.
If you are interested in learning more about investing in real estate, please give me a call or e-mail me. I will be happy to answer any of your questions.
email me at or leave me a voicemail at 337 267 4030.
You might want to consider having your loan restructured to a shorter loan term. A has many advantages, although it may appear to be expensive because of the higher monthly amortization. However, a shorter loan term assures you that you'll be free from this burden before or at the time of retirement and save thousands of dollars. This way, you can build your home equity faster, and you can save thousands of dollars from interest alone.
is not a very complicated procedure. It is possible through refinancing. For a residentialmortgage, the mortgage lender will pull your credit record to check if you've been paying your debts on time. The lender will assess all the information to evaluate if you are a good risk for a shorter loan term. If you're dealing with the same lender, the process won't be as rigorous and as lengthy like it would be if you go to a new lender. A shorter term or a refinance is ideal especially when the interest rates are low.
If you are still not sure whether you ought to shorten your loan term, you could seek the best advice from a mortgage professional such as She would take into account all your particulars and the current real estate scene and would guide you accordingly. That way, you would be in the best mortgage loan program or refinanced loan and would avail the best advantages from your real estate loan. So make an appointment by calling her at 408-354-5523 or mail her at
July 13 (Bloomberg) -- Treasury Secretary put the weight of the federal government behind and , the beleaguered companies that buy or finance almost half of the $12 trillion of U.S. mortgages.
Paulson, speaking on the steps of the Treasury facing the White House, asked Congress for authority to buy unlimited stakes in and lend to the companies, aiming to stem a collapse in confidence. The Federal Reserve separately authorized the firms to borrow directly from the central bank.
The announcements followed weekend talks between the firms, government officials, lawmakers and regulators, after Fannie Mae and Freddie Mac lost about half their value last week. Paulson and Fed Chairman are trying to prevent a collapse that would exacerbate the worst in 25 years and deepen the economic slowdown.
Paulson's proposal, which the Treasury anticipates will be incorporated into an existing congressional bill and approved this week, signals a shift toward an explicit guarantee of Fannie Mae and Freddie Mac debt. The shareholder-owned companies are government-sponsored enterprises, giving investors the indication of an implicit federal backing.
Making `Explicit'
``It is time to recognize that the GSEs were always dependent upon government support and now we must make the implicit explicit,'' said , co-founder of independent research firm Institutional Risk Analytics in Torrance, California.
Paulson proposed that Congress give the Treasury temporary authority to buy equity in the firms ``if needed,'' and to increase their lines of credit with the department from $2.25 billion each. The temporary authority may be for 18 months, a Treasury official told reporters on a conference call on condition of anonymity.
As lenders retreated from the housing market, Washington- based and McLean, Virginia-based Freddie Mac grew to account for more than 80 percent of the home loans packaged into securities.
Freddie Mac is scheduled to sell $3 billion in short-term notes tomorrow, and Paulson's comments indicate a concern about a collapse in private investors' willingness to fund the firms. The companies issue debt to raise money for their purchases of mortgage securities.
Bond Sale
``This will shore up that debt offering,'' said , an equity analyst at Friedman Billings Ramsey & Co. in Arlington, Virginia. ``They couldn't risk waking up tomorrow and having that offering go poorly.''
The dollar advanced following Paulson's statement, after dropping last week. Against the euro, the U.S. currency was at $1.5910 at 8:57 a.m. in Tokyo, from an earlier low of $1.5971 and $1.5938 late in New York July 11. It also rose versus the yen.
President said in a statement that ``it is crucial that Congress quickly works to enact this legislation.'' The Treasury official said he didn't recall any time in the past when the government has taken an equity stake in either company.
Paulson said use of the Treasury's credit line or any stock investment ``would carry terms and conditions necessary to protect the taxpayer.''
Home Loan Banks
The Treasury also proposed temporary access to a bigger credit line for the Federal Home Loan Banks, the dozen regional lenders that extend credit to customers including commercial banks, thrifts, insurance companies and credit unions.
Senator , a Democrat from New York who chairs the congressional Joint Economic Committee, expressed support, saying the plan ``will maximize confidence in Fannie and Freddie while minimizing potential costs to U.S. taxpayers.''
The heads of the companies indicated the steps would help them keep access to private capital.
``Given the market turmoil, having options to access provisional sources of liquidity if needed will help to strengthen overall confidence in the market,'' Fannie Mae Chief Executive Officer said in a statement. ``We continue to hold more than adequate capital reserves.''
`Reassuring' Markets
Freddie Mac CEO said ``We are heartened by today's announcement,'' which should ``go a long way toward reassuring world markets that Freddie Mac and Fannie Mae will continue to support America's homebuyers and renters.''
Some investors may still rebuff the mortgage giants because of concern about the U.S. housing market, where prices and sales continue to decline.
``We are concerned about the U.S. housing market, so we don't have any agency debt,'' said , a senior investor at Mizuho Asset Management Co. in Tokyo, which oversees the equivalent of $37.5 billion as part of Japan's second- largest bank. Nakamura predicted the July 14 Freddie Mac bond sale ``will be a difficult auction.''
Paulson also proposed that the Fed get a ``consultative role'' overseeing the companies' capital requirements. The Fed board separately gave its New York district bank the power to make direct loans to Fannie Mae and Freddie Mac at the discount rate, currently 2.25 percent, charged to commercial banks.
Echoes of Rubin
The last Treasury secretary to make an emergency statement from the department's main building was , who sought to calm investors after the fell 554 points on Oct. 27, 1997.
Freddie Mac shares tumbled 47 percent in New York Stock Exchange composite trading last week and Fannie Mae lost 45 percent of its value, forcing Paulson July 11 to issue a statement of support for the companies in their ``current form.'' Trading of Fannie Mae that day amounted to 41 percent of its total shares outstanding, with a 61 percent figure for Freddie Mac.
Preferred securities tumbled as investors questioned if Freddie and Fannie will be able to continue to pay dividends. Freddie Mac's 5.57 percent preferred lost 39 percent this year and Fannie Mae's 5.5 percent preferred dropped 31 percent.
Today's announcement may not offer much help for shareholders, said , a senior policy analyst at Friedman Billings Ramsey & Co. in Arlington, Virginia.
Shareholder Impact
``Any capital infusion of any nature is going to be dilutive to shareholders,'' Parmentier said.
The companies have already raised $20 billion to cover losses amid the highest delinquency rates in at least 29 years. Freddie Mac said earlier this month it planned to sell $5.5 billion of equity after it reports earnings next month.
The cost to protect against a default on the companies' subordinated debt jumped last week. Credit-default swaps linked to Freddie's bonds rose to 251 basis points, while contracts on Fannie's increased to 246 basis points, according to CMA Datavision. On July 4, both were at 177 basis point and they started the year at 77. A basis point is 0.01 percentage point.
Credit-default swaps are financial instruments based on bonds and loans that are used to speculate on a company's ability to repay debt.
Senior debt of both companies trades as if they were rated A3 instead of Aaa by Moody's Investors Service, according to data from the rankings firm's credit strategy group.
Five years ago, Fannie Mae and Freddie Mac paid about 45 basis points more than yields on 10-year Treasuries to borrow, while other corporations paid an average of 119 basis points, the Merrill Lynch & Co. U.S. Corporate Master index shows. Last week, the yield on Freddie Mac's $1 billion of 4.5 percent notes maturing in 2013 rose as high as 102 basis points more than Treasuries, according to data compiled by Bloomberg.
What a great night it was at the Cascade Theater in downtown Redding when literally all of the “Stars” came out for the 2nd Annual “Dancing with the Stars-Shasta County Style”. This evening of sheer pleasure benefiting both the YMCA and the Shasta Women’s Refuge got the full house crowd into the night from the very beginning. Last year’s winners, the unbelievable Kathy Babcock and Star DJ Patrick Johnson danced an energy filled swing that thrilled all, and this was just the beginning. With Emcees Christy Largent and John Truitt bringing a high level of enthusiasm to usually mundane introductions, we met the dancers. Stars Chita Johnson from KRCR-TV, DJ Don Burton, Win River’s Tracy Edwards, City of Redding Manager Kurt Starman, County Supervisor Les Baugh, and our own newspaperwoman turned web page dynamo, Doni Greenberg. An exciting and beautiful beginning to a “Night to Remember”.
The Waltz competition showed creativity and originality by all of the couples, and after a short video on what each dance team did in their preparation rehearsals, we got to see the real thing, and were they ever good. The judges, radio personality Linda Regan, public radio host Valerie Ing-Miller, and popular DJ Patrick John, found that each couple had their very distinct style and personality, and the voting was very close for each couple. The audience was taken in by the twirls and the twists, and of course the gorgeous gowns and tuxedos made this competition one of beauty and class. Final dance partners Don Burton and Julie Correia brought the first half to a close with their very impressive individually choreographed ballroom dance style waltz, and the large and energetic crowd went wild. What a night!
Act Two started off with a very well performed Ballroom Dance Exhibition danced and choreographed by area couples that could be considered “professional dancers”. They were perfect in their movements, timing, and style as they danced a variety of dances including the tango, bolero, cha-cha, fox trot, and swing. This was a foretaste of more excitement to come as the evening turned to Disco dancing. Chita Johnson, looking considerably different than when she is giving us weather reports on Channel 7, got this segment off to a huge roar, which is just what she got with her fast and furious disco routine. With her long blond hair, her bright colored outfit, and her sheer energy and excitement, all that could be said at the conclusion of her dance was “Wow, what a dance”!
As with the national TV show, the audience picks the winners, and Shasta Style was no different. The competition was very close and Tracy Edwards and Matt Armstrong took home the 1st place honors. Tracy’s stunning outfit along with her obvious hard work paid off for her in the disco competition and their victory was well deserved.
“Only in Redding’ was a comment I heard as we exited, and yes, that is so true. Only in Redding could we have such a great show with all local talent. Only in Redding where most in the audience knew a number of the dancers so it became a big “family night of fun and excitement”. Only in Redding where we fill the Cascade to cheer on our own “Stars” to benefit the needy along with the youth in our community. Only in Redding where the “Stars” are really the folks we see, work with, and socialize with on a daily basis. Only in Redding do we have “Dancing with the Stars-Shasta Style”, and I am making my reservation for next year now. No way will I miss this great entertainment event.
See the header design in this blog? It's the best home in the Slavens school district. I'm slightly biased, but seriously, 4 BD/ 4 BA, 3232 square feet, high ceilings, large entertaining main floor, wired for all high-tech needs. Effective use of every SF from the laundry room upstairs to the sleeping porch/extra room/ office off the master, plus small front room. Oversized two-car garage, amazingly quiet neighborhood with dog-walkers and bike riders going by the house all the time. Why? Because cars don't drive down Cook Street south to get anywhere but their house.
Craftsman finishes inspired by Greene & Greene legacy, tons of windows plus an actual backyard in a South Denver scrape (good luck finding that).
Seriously, buy it. Check out more about this house . Find more listings in Denver .
Even though with all those hits and misses regarding the Miami real estate market this year, Miami is still currently one of the richest real estate area in the United States. I am not exaggerating or anything, if you know real estate I am sure that you are aware how does the Miami real estate pans out in its rich and well known market. Today, buying a property there will allow you live near the most famous beaches in the world, and in the same time you will be enjoying the urban comforts that a city can offer you. What makes it even bigger is that the multi-cultural environment that welcomes foreigners and tourists alike. It is said that Miami real estate comes from a rich tradition of natural resources that starts with their location, in which their beaches are world famous, their weather in which boast a summer-friendly climate and of course the people.
For years now, it is know that the Miami Real Estate recently received a boost from the constructions made by some of the most notable real estate investors, like for example the famous Donald Trump plus many others on whom are big in real estate investing. If you are looking to take luxury living to the next level you should definitely buy Miami Beach Condos, those are the spots in which gives you the luxury and the comfort you will enjoy. The Miami real estate market have always shown their worth in the market thus giving it the great outcome of what the it can offer to people and to the ones whom are going to invest to it. Let it be known that investing in Miami is always a win/win situation if you count criticism by the numbers out.
I can go on and won on why Miami real estate is always the #1 market for investors but that would be so much more than what you paid for to read. Well, I just want you to imagine the benefits that you will get by living in such a Miami Beach Condo. You will have the opportunity that many dreamed of on spending your time on to the world's most famous beaches, do shopping, and join high quality restaurants just by walking a short distance from your condo, which in my opinion a big plus for investors for sure. One greater thing is that the view on which your new condo is going to offer you, many have seen how beautiful Miami is and with your first class view from your home, it’ll be breath taking, imagine waking up in the morning and having that chance to get a good view to start your day off, priceless.
The city has evolved so much in the last 10 or so years, big thanks to the premium real estate investment made in the area by smart investors; right now it is pretty obvious that the city is full of life. Its population for once has grown significantly during the last years, that is clearly a good sign because that just means progress. Miami can offer you to have the opportunity to purchase some modest condos or ultra luxury condos, which I believe can be a good point for you. Point made that no matter what you are after; living in Miami is a reward, that is why it is the undisputed arguably the #1 spot in and condo. I think that for you to believe it you have got to experience it first hand.
This is a gorgeous estate home located in West Redding in an area known as Montgomery Ranch just off of Placer Road. This 5 acre estate with elegant wrought iron gates, is one of, if not the, most impressive and beautiful homes in the Redding, CA area. Listed at $1,350,000, this 5300 square foot mansion is only 5 years old but looks brand new. The park-like setting is breathtaking with the small lake in the front area; the large pool house-casita next to the waterfalled pool area; and plenty of room for horses and even ATV's. Four large bedrooms plus the huge game room, and the fully equipped pool-guest house give one all they need for the largest families.
E-mail for details, photos, and aa virtual tour.
Ron Largent The Largent Team at Keller Williams Realty in Redding
Looks like Freddie and Fannie needs Daddy's credit card. With $5.3 TRILLION in combined mortgage debt (about 1/2 of the total mortgage debt in the United States), when Wall Street and the Feds begin to worry about Freddie and Fannie's financial health, there is good reason to be concerned.
Freddie and Fannie are the MAJOR players in buying and guaranteeing loans in the secondary mortgage market. Well, last night the federal government moved on two fronts to shore up Freddie and Fannie and try an allay the markets before they open on Monday. First, the Treasury said it would provide additional liquidity as needed (Remember Bear Stearns?). Unlike the Bear Stearns melt-down however, Freddie and Fannie generally have not faced liquidity problems. But as their problems proliferate, there is always a danger that they might face funding difficulties, thus, the need for daddy's credit card, just in case.
The feds also moved on another front - recapitalization. Freddie and Fannie are seriously undercapitalized. Freddie and Fannie are known as government sponsored enterprises ("GSE's"). As GSE's, Freddie and Fannie do not have to follow the same rules as others. Freddie Mac, for example, had about $16 billion in shareholder capital at the end of the last quarter, supporting $2.1 trillion in assets. Any real private financial sector institution operating with than kind of capitalization would be required to raise more money. But it seems that Freddie and Fannie don't have to play by real rules because the government has their back. That is why Freddie and Fannie can exist in a world where all their assets are invested in the mortgage market - not the place to be right now, right?
Nonetheless, it is interesting to not that last week Fed Chairman Ben Bernanke and Henry Paulson, appearing before the House Financial Services Committee stated that the Office of Federal Housing Enterprise Oversight (Freddie and Fannie's regulator), found both companies adequately capitalized. Indeed, Democrat Chris Dodd, the Senate Banking Committee Chairman also said that "Fannie and Freddie are in sound situation. They have more than adequate capital — in fact, more than the law requires. They have access to capital markets. They're in good shape. The chairman of the Federal Reserve has said as much. The secretary of the Treasury as said as much."
The only thing stopping Daddy (Treasury/Henry Paulson) from extending credit is Congress. While this situation reeks of a potential bailout, the silver lining in all this is that Fannie and Freddie not only have a rich daddy, they happen to be backed by pretty decent mortgages, not the subprimes that tanked many mortgage lenders. Still, their shares have been battered, down nearly 45% last week. The real purpose in all this is to assuage market fear. The feds don't want market turmoil, otherwise, the house of cards comes tumbling down.
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