News for Prescott AZ - AmericanTowns.com

Wednesday, February 15, 2012

Newsdesk | February 14, 2012

Top News
Regulators close Illinois, Indiana bank
MarketWatch - Regulators on Friday closed a bank in Illinois and another in Indiana, bringing the nationwide tally of bank failures up to nine for the year.
Foreclosure Deal May Help States Fill Budget Deficits
BusinessWeek - Wisconsin plans to use part of its $140 million share of the national foreclosure settlement to fill a budget hole. Missouri would devote $40 million for education. Ohio wants to tear down vacant homes. Ninety percent of the $25 billion settlement...

Market News
Real Estate Weekly: Home builders brace for another rough year
MarketWatch - To some, that signals that despite all the hardships in the home market, owning a home still remains the American Dream. Read more MarketWatch coverage...
Why housing demand defies real estate fundamentals
USA Today - Home prices nationally are down 33% from their bubble peak, according to the latest S&P/Case-Shiller report, mortgage rates are hovering near record lows, and housing supply, while falling, is still historically high. In other words, it's more...

Technology News
AT&T customers surprised by data speed limits
USA Today - in the past few weeks, there has been none of that, because AT&T put a virtual wheel clamp on his phone. Web pages wouldn't load and maps wouldn't render. Forget about YouTube videos — Trang's data speeds were reduced to...
Mortgage Technology: February 2012 Issue
Origination News - Mortgage Technology Servicer of the Year Award: The Servicer of the Year Award recognizes a servicer using technology to optimize management of performing and distressed mortgage portfolios and ensures efficient communication with borrowers,

Other News
Remodelers struggle as homeowners tighten belts
MarketWatch - activity hasn’t taken as hard a hit as home building, in part because homeowners skittish about the housing market have opted to stay where they are and do general repairs and maintenance on their current homes. But remodelers say they are being asked to...
Keller Williams(R) Realty Announces 2011 Results And First Steps In Worldwide Expansion
Franchise Update - Keller Williams Realty, Inc., the second largest real estate franchise in the United States, announced today that despite the continued downturn in the real estate market, the company continued to move forward in productivity, profitability and profit...
The Cost of Living Longer --- Much Longer
Wall Street Journal Online - But don't let the astronomical scale fool you. This particular bit of math is not merely a challenge for big governments and big business to solve. It's one doozy of a personal challenge as well. As the expectations of human longevity morph and shift, so of course should people's retirement plans

 

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