The National Bureau of Economic Research reported on Monday that the recession in the United States was over since mid last year. This announcement seems confusing because reactions from the public reveal that the economic crisis is still felt until now. Numerous blogs have been posted on the Internet regarding the report released by the [...]National Bureau of Economic Research Claim Recession I » Read More

Major Lender Citigroup Getting Out Of Student Sector Citigroup Inc. will no longer be providing student loans as government claims the title of being the primary lender to students seeking higher education. With the government entering the scene, private lenders will only get a small slice of the student loan business. They are now weighing [...]Major Lender Getting Out Of Student Sector is a pos » Read More

California Governor Schwarzenegger Withdraws Proposed Loan Governor of California Arnold Schwarzenegger dropped his proposal to loan $2 billion from the California Public Employees’ Retirement System in hopes that it could help balance the state budget. To discuss about the budget, the California governor met the Republican and Democrat leaders of the Assembly and Senate on [...]California Govern » Read More

Pepsi Announce $5 Million Dollar Prize Pool For Super Bowl Pepsi announced on Wednesday that it would be paying out a total prize of $5 million to Super Bowl ad contest winners. During the contest’s launch in Los Angeles on Wednesday, Frito Lay chief marketing officer Ann Mukherjee said that Pepsi’s Doritos brand will tie [...]Pepsi Announce $5 Million Dollar Prize Pool For Super Bowl is a post f » Read More

Gas Prices In Chicago On The Rise Again Gasoline prices in Chicago increased on Tuesday as the recent hiccup in Romeoville triggered changes in the oil market. Since last week, the oil price in Chicago raised as much as 16 cents and over 10 cents in other areas in the Midwest when the Enbridge Energy [...]Gas Prices In Chicago On The Rise Again is a post from: Half Mile Lake News » Read More

Regulator Demands More Stringent Standards For Mortgages A major U.S. banking figure showed concern over government’s exposure in the way it handles mortgage policy and calls for more rigid standards in backing up mortgages. According to Sheila Bair, Head of the Federal Deposit Insurance Corp, there is a reason to be concerned over the way [...]Regulator Demands More Stringent Standards For Mortg » Read More

Federal Reserve Report Credit Card Use Declining The Federal Reserve Board released a statement this week that Americans have reduced the use of credit cards and several analysts believe that this behavior will last even after the economic crisis. The report show that credit card borrowing declined at an annual rate of 6.3% two months [...]Federal Reserve Report Credit Card Use Declining is a pos » Read More

Economic Forecasters Still Predicting Gloom Ahead Market analysts and other economists recheck data showing records of unemployment rate before the congressional elections in a few months. Forecasters currently looking for signs of economic revival despite the recent record, released a report revealing an increase in unemployment to 9.6% or about 54,000 jobs. Although numbers of [...]Economic For » Read More

Latest Report From The National Association Of Realtors The National Association of Realtors reported on Thursday that hopes for the real estate industry are increasing as numbers of home sales start to go up. The report show that sales in past two months were up by 5.2%. The statistics suggests a more stable economy and [...]Latest Report From The National Association Of Realtors is a post from: » Read More

Texans Falling Behind In Their Mortgage Payments The latest industry research reveals that more and more Texans have been behind in their payments for mortgage. The Mortgage Bankers Association announced on Thursday that 9.28 percent homeowners in Texas with loans in the second quarter paid late. According to the mortgage industry trade group in Washington, [...]Texans Falling Behind In Their Mor » Read More

Rosenberg Thinks Economy Is Still Deep In Depression Well-known economist David Rosenberg used the word “depression” on Tuesday. As he went through his daily update with investors, he already replaced the word “recession” to describe the current situation of the economy. CNBC reported that in Rosenberg’s note to his clients, he described the current economic [...]Rosenberg Thinks Economy Is Still » Read More

June to July Foreclosures Show a 9% Increase The number of foreclosed homes in the United States increased a month ago, an indication that lenders are much faster at taking back homes from those who are unable to pay. RealtyTrac Inc., a foreclosure listing company, stated Thursday that 92,858 homes were repossessed last month by [...]Foreclosures For June And July On The Up is a post from: Half M » Read More