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Linked with Paul Craig Roberts – USA . – Published on Global Research.ca, by Paul Craig Roberts, Oct. 16, 2009. Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers … … A record number of Americans, more than one in nine, are on food stamps.

A NACA loan counselor holds up a sign to call a home owner to his desk at the “Save the Dream” home loan modification event, coordinated by the non-profit advocacy group Neighborhood Assistance Corporation of America (NACA), in Los Angeles. BY DAVID LAWDER Reuters WASHINGTON – The Obama administration on Monday launched a program to help the depressed U.S. housing market by effectively allowing state and local housing finance agencies to borrow from the U.S. Treasury.

I came across a letter today addressed to Geithner, Summers and Donovan (Secretary of Housing and Urban Development) from the National Association of Homebuilders, National Association of Realtors and the Mortgage Bankers Association asking for an extension of the $8,000 1st time home buyer tax credit.  You can read it here .

The Mortgage Bankers Association (MBA), and the National Associations of Realtors (NAR) and Home Builders (NAHB) issued a joint letter encouraging the federal government to extend the first-time homebuyer tax credit. Noting Internal Revenue Service (IRS) data that shows as of August 2009, more than 1.4m taxpayers have taken advantage of the tax credit, the trio [...]

RISMEDIA, October 20, 2009—The Mortgage Bankers Association (MBA) along with the National Association of Realtors (NAR) and the National Association of Homebuilders (NAHB) sent a letter to senior Obama Administration officials yesterday requesting their support for a 12-month extension of the first-time homebuyer tax credit.  The letter, addressed to Treasury Secretary Geithner,  HUD Secretary Donovan and National Economic Council Chair Summers, outlines why the three organizations believe that the tax credit has had a stimulative effect on not only the housing market, but on the U.S.

HOME SWEET HOMES… in Hood Canal and beyond.   This week is full of news on the subject we love most. Tuesday we get Housing Starts and Building Permits for September, Friday delivers Existing Home Sales. First time buyers may still be able to get the $8,000 tax credit expiring at the end of November. That’s six weeks away, which is not a lot of time, but not impossible. Fence-sitters should get pre-qualified now.

Geithner’s Kitchen Cabinet by Bob Chapman Global Research October 19, 2009 Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms. The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R.

Paul Craig Roberts Infowars October 19, 2009 Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers.

Paul Craig Roberts Infowars October 19, 2009 Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers.

Paul Craig Roberts Infowars October 19, 2009Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers.

In recent posts, I’ve raised the issue of why “ terms ” are so important when writing a competitive purchase agreement to buy Silicon Valley real estate . Whether you are buying your first condo, a retirement home, a luxury property or a move-up house, the basic challenges of competing in multiple offers when you want to buy a home but not overpay and not give away your most critical rights tend to be very similar.

October 14, 2009 – Sales of existing homes will rise 11 percent in 2010, and sales of new homes will climb 21 percent over this year, Mortgage Bankers Association Chief Economist Jay Brinkmann predicted in a speech Tuesday at the organization’s annual meeting.“We still see a concentration in the lower end of the market,” Brinkmann said.

Bob Chapman The International Forecaster October 19, 2009 Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms. Gene Sperling is part of Geithner’s kitchen cabinet.

Bob Chapman The International Forecaster October 19, 2009Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms. Gene Sperling is part of Geithner’s kitchen cabinet. The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R.

TrainingPro announced that its 20- and eight-hour mortgage pre-licensing courses have been approved for the Nationwide Mortgage Licensing System. In addition, AllRegs announced that its 20 Hour Mortgage Loan Originator SAFE Comprehensive course was approved by NMLS. Also jumping on the NMLS bandwagon was the Mortgage Bankers Association, which said that its CampusMBA was NMLS-approved.

GMAC said in a statement that it hired Jeff Gravelle as senior vice president and director of secondary capital markets. David Shirk was hired as the chief information/compliance officer at NetMore America Inc., the company announced. Robert Grosser is now president of the Homestar Direct group of Luxury Mortgage.

Welcome to the Wealth Daily Weekend Edition – our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. ——————————— The dollar just can’t catch a break. But that’s okay. We’re finally above 10k… hooray! As long as the dollar stays weak and traders remain pumped over the start of earnings season, we should have no problem staying above 10k… at least immediate term. More in just a moment. . .

October 16th, 2009 | No Comments | Posted in Mortgage Real estate investors saw yet another week of ideal mortgage rates, according to the newest Primary Mortgage Market Survey released by Freddie Mac on Thursday.Despite a rise in rates, Freddie Mac’s findings for the week ending October 15 still placed 30-year fixed-rate mortgages (FRM) below the 5 percent threshold, unlike the recent Mortgage Bankers Association survey that reported average rates had ballooned 0.13 percentage points to 5.02 percent for the week ending October 9.Instead, the mortgage company saw 30-year FRMs climb 0.05 percentage points to hit 4.92 percent in its latest survey.