Archives for May 2009
Foreclosure actions were initiated on 1.37 percent of first mortgages during the first quarter of 2009, according to the Mortgage Bankers Association, and represented record levels in both initiations and size, with Nevada posting the highest percentage of actions started in the first quarter.
Additionally, 7.8 percent of the mortgages in Nevada are somewhere in the [...]
The economy sank at a 5.7 percent pace as the strength of the recession carried over into the start of this year, as measured by the Gross Domestic Product (GDP), which measures the value of all goods and services produced in the United States, is the best gauge of the nation’s economic health. The government [...]
New orders for long-lasting U.S manufactured goods saw their biggest gain in 16 months in April and fewer workers filed for new jobless benefits last week, according to official data on Thursday that suggested the deep recession was abating.
The Commerce Department said new orders for durable goods rose 1.9 percent, the biggest percentage advance since [...]
New orders for long-lasting U.S. manufactured goods saw their biggest gain in 16 months in April and fewer workers filed for new jobless benefits last week, according to official data on Thursday that suggested the deep recession was abating.
The Commerce Department said new orders for durable goods rose 1.9 percent, the biggest percentage advance since [...]
Many homeowners having difficulty making their monthly mortgage payments are being targeted by criminals who charge large upfront fees and falsely “guarantee” to rescue a home from foreclosure. In some of the worst cases, homeowners have become victims of identity theft or were tricked into signing away their ownership of a house. Because mortgage rescue [...]
Loan-Loss Provisions Continue to Depress Net Income
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported net income of $7.6 billion in the first quarter of 2009, a decline of $11.7 billion (60.8 percent) from the $19.3 billion that the industry earned in the first quarter of 2008. Higher loan-loss [...]
Employers took 2,712 mass layoff actions in April that resulted in the separation of 271,226 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Each action involved at least 50 persons from a single employer.
The number of [...]
The Conference Board’s forecast of economic activity rose more than expected in April, the first gain in seven months and fresh evidence that the recession could end later this year.
The Board’s index of leading economic indicators, designed to forecast economic activity in the next three to six months, rose 1 percent last month.
Conference Board economist [...]
Topic: “Transportation, Stimulus Money & Traffic in Southern Nevada”
Speaker: Jacob Snow, Regional Transportation Commission
Date: Friday, May 22nd, 2009,11:30 AM Check-in, Lunch 12 PM
Place: McCormick & Schmicks: 335 Hughes Center Drive
Cost: $35 includes lunch – $40 without RSVP. Pay online.
(No American Express at the door-please.)
RSVP: jlaub@regenmd.org or go to www.CEO-CFOgroup.com
New U.S. housing starts and permits unexpectedly fell to record lows in April, a government report showed on today, denting hopes that stability in the housing market was imminent.
The Commerce Department said housing starts fell 12.8 percent to a seasonally adjusted annual rate of 458,000 units, the lowest on records dating back to January 1959, from [...]