Say Goodbye to All Those Passwords - BusinessWeek: "The U.S. Commerce Dept. is spearheading a new online security system that experts say will eliminate the password maze and perhaps boost e-commerce. The plan calls for a single sign-in each time a computer or phone is turned on, using a device such as a digital token, a smartcard, or a fingerprint reader. Once logged in, users would have access to any website that has signed up for the program. 'You are your password in this system,' says John Clippinger, co-director of the Law Lab at Harvard's Berkman Center for Internet & Society and an advocate of the plan. 'It will be far more efficient and you'll control it much more.' Activities now done offline because of security or privacy concerns—evaluating medical records or refinancing a mortgage—might migrate to the Web following adoption of the new rules, called the National Strategy for Trusted Identities in Cyberspace, or NSTIC."
Housing, Unemployment, Stimulus, Gold, and Politics all topics that affect our everyday lives. These topics intertwine to paint a picture of the state of the union. This is sister blog to Foreclosures Evictions and You.
Friday, January 28, 2011
Tuesday, January 25, 2011
DSNews - Default Servicing In Print and Online
DSNews - Default Servicing In Print and Online: "Bank of America and Wells Fargo Most Sued Banks in 2010
A recent report by Institutional Risk Analytics (IRA) says Bank of America and Wells Fargo are two of the most sued financial service firms in the United States.
IRA says that mortgage exposure is what is causing these two banks and others in similar situations to be embroiled in so many federal legal cases. In addition, the firm mentions the added burden many of these companies are also facing in litigations that will not reach federal court, such as cases involving foreclosure practices."
A recent report by Institutional Risk Analytics (IRA) says Bank of America and Wells Fargo are two of the most sued financial service firms in the United States.
IRA says that mortgage exposure is what is causing these two banks and others in similar situations to be embroiled in so many federal legal cases. In addition, the firm mentions the added burden many of these companies are also facing in litigations that will not reach federal court, such as cases involving foreclosure practices."
Another Decline in California Foreclosure Activity - TheStreet
Another Decline in California Foreclosure Activity - TheStreet: "'The institutions that hold these loans in their portfolios will do whatever it takes to lessen their losses, including waiting. An additional factor is all the turbulence when it comes to the formalities of the foreclosure process,' he said.
While most of the loans that went into default last quarter were originated during the 2005-2007 period, the median origination quarter for defaulted loans remained third-quarter 2006. That has been the case for over a year, indicating that weak underwriting standards peaked then.
Most of the loans made in 2006 are owned and/or serviced by institutions other than those that made the loans.
The most active 'beneficiaries' in the formal foreclosure process last quarter were Bank of America(BAC_)(16,199), Wells Fargo(WFC_)(10,287), Mortgage Electronic Registration Systems, also called MERS (5,315) and JP Morgan Chase(JPM_)(5,258).
The 'servicers' (or the Trustees in the formal foreclosure process) that pursued the highest number of defaults last quarter were ReconTrust Co (mostly for Bank of America and MERS), Quality Loan Service Corp (Bank of America and JP Morgan Chase), Cal-Western Reconveyance (Wells Fargo) and NDEx West (Wells Fargo)."
While most of the loans that went into default last quarter were originated during the 2005-2007 period, the median origination quarter for defaulted loans remained third-quarter 2006. That has been the case for over a year, indicating that weak underwriting standards peaked then.
Most of the loans made in 2006 are owned and/or serviced by institutions other than those that made the loans.
The most active 'beneficiaries' in the formal foreclosure process last quarter were Bank of America(BAC_)(16,199), Wells Fargo(WFC_)(10,287), Mortgage Electronic Registration Systems, also called MERS (5,315) and JP Morgan Chase(JPM_)(5,258).
The 'servicers' (or the Trustees in the formal foreclosure process) that pursued the highest number of defaults last quarter were ReconTrust Co (mostly for Bank of America and MERS), Quality Loan Service Corp (Bank of America and JP Morgan Chase), Cal-Western Reconveyance (Wells Fargo) and NDEx West (Wells Fargo)."
Churches Become the Latest Victims of Foreclosure | The Atlanta Post
Churches Become the Latest Victims of Foreclosure | The Atlanta Post: "The country is still reeling from residential and commercial real-estate properties falling into foreclosure, but the banks are going to have even messier plates due to recent reports that a number of churches are struggling to keep their doors open.
According to The Wall Street Journal, many churches borrowed too much or built too big during boom times and now are struggling to repay their debts as membership and collections shrink. Real-estate services firm CoStar Group Inc. stated that nearly 200 religious facilities have been foreclosed on since 2008. Rev. Jesse L. Jackson Sr. told the Journal that “churches are the next wave in this economic crisis.”"
According to The Wall Street Journal, many churches borrowed too much or built too big during boom times and now are struggling to repay their debts as membership and collections shrink. Real-estate services firm CoStar Group Inc. stated that nearly 200 religious facilities have been foreclosed on since 2008. Rev. Jesse L. Jackson Sr. told the Journal that “churches are the next wave in this economic crisis.”"
One Day After Securing A Huge Deal With China, Boeing Lays Off 1000 American Workers - BlackListed News
One Day After Securing A Huge Deal With China, Boeing Lays Off 1000 American Workers - BlackListed News: "Boeing just laid off 1000 workers in Southern California, according to the Orange County Register.
The move comes just a day after Boeing agreed to a $19 billion deal with China to produce 200 airplanes for the country.
The layoffs affect workers in the company’s Long Beach, Anaheim, and Hun"
Please read full article by clicking title link: share this with friends with the tool below.
The move comes just a day after Boeing agreed to a $19 billion deal with China to produce 200 airplanes for the country.
The layoffs affect workers in the company’s Long Beach, Anaheim, and Hun"
Please read full article by clicking title link: share this with friends with the tool below.
Wednesday, January 19, 2011
Behind the Numbers - China's image tarnished by weak U.S. economy
Behind the Numbers - China's image tarnished by weak U.S. economy: "Among those who describe the economy as poor, fully 71 percent call China a threat economically, 59 percent rate it unfavorably and 52 percent describe it as unfriendly. But these numbers flip among those who see the economy positively, with as many seeing China as an opportunity for new markets and investments as view it as a threat. Moreover, among those who give good marks to the U.S. economy, 58 percent call China a friendly country, and 54 percent view it favorably overall.
There are also political considerations at play: Republicans and conservatives are significantly more apt to view China negatively than are Democrats or independents. Almost a quarter of the most conservative call China an 'enemy' of the United States. Republicans and Democrats alike see China as a threat.
Whites without college degrees take a partic"
There are also political considerations at play: Republicans and conservatives are significantly more apt to view China negatively than are Democrats or independents. Almost a quarter of the most conservative call China an 'enemy' of the United States. Republicans and Democrats alike see China as a threat.
Whites without college degrees take a partic"
Countdown to Repeal: Economy Will Suffer If Obamacare Stands | The Foundry: Conservative Policy News.
Countdown to Repeal: Economy Will Suffer If Obamacare Stands | The Foundry: Conservative Policy News.: "The law also creates several new taxes and increases existing rates. Taxes on drug and medical device manufacturers will not only raise the cost of medical services but create incentives for businesses in those industries to move jobs overseas. Obamacare increases the Medicare payroll tax for high earners and expands the tax to apply to investment income, hurting small businesses and reducing investment in the American economy.
Heritage’s Center for Data Analysis (CDA) conducted a dynamic analysis of the new law that, unlike the static model used by the Congressional Budge Office (CBO), accounts for how policy changes will impact behavior and the overall performance of the economy. The results show that “the bill’s taxes, penalties, and fees on investors and businesses will decrease the amount of investment in the economy. This reduced investment will in turn lead to a decline in productivity, causing the economy to produce $706 billion less worth of goods and services.”
Finally, the 200 economists supporting repeal write that “a more comprehensive and realistic projection suggests that the Affordable Care Act could potentially raise the budget deficit by more than $500 billion during the first ten years and by nearly $1.5 trillion in the following decade,” when budget gimmicks and omitted costs"
Heritage’s Center for Data Analysis (CDA) conducted a dynamic analysis of the new law that, unlike the static model used by the Congressional Budge Office (CBO), accounts for how policy changes will impact behavior and the overall performance of the economy. The results show that “the bill’s taxes, penalties, and fees on investors and businesses will decrease the amount of investment in the economy. This reduced investment will in turn lead to a decline in productivity, causing the economy to produce $706 billion less worth of goods and services.”
Finally, the 200 economists supporting repeal write that “a more comprehensive and realistic projection suggests that the Affordable Care Act could potentially raise the budget deficit by more than $500 billion during the first ten years and by nearly $1.5 trillion in the following decade,” when budget gimmicks and omitted costs"
Monday, January 17, 2011
National Celebrity Headlines Examiner - Celebrity | Examiner.com
National Celebrity Headlines Examiner - Celebrity | Examiner.com: "Martin Luther King Jr quotes: Celebrate the holiday with these words (Video)
Martin Luther King, Jr. Day is celebrated on January 17, and is a United States federal holiday. It is a day marking the birthday of Rev. Dr. Martin Luther King, Jr one of our civil rights leaders. Since it is a holiday, there will not be mail...
Tags:Martin Luther King Jr Martin Luther King Jr day Martin Luther King Jr"
Martin Luther King, Jr. Day is celebrated on January 17, and is a United States federal holiday. It is a day marking the birthday of Rev. Dr. Martin Luther King, Jr one of our civil rights leaders. Since it is a holiday, there will not be mail...
Tags:Martin Luther King Jr Martin Luther King Jr day Martin Luther King Jr"
Saturday, January 15, 2011
Judge that was killed | FNMA.OB Message Board Posts
This is not the first I've heard of connection that the Judge might have been targetted due to 401 K's and government takeovers.
Here is an interesting take on the AZ story:
A Federal Judge--for Arizona--was killed. And yet he's only mentioned anywhere as just another victim. Here's the question:
Why is there possibly no connection being made that about 72 hours before he was killed, on Friday, he issued a critical 'preliminary ruling' against the Obama administration to prevent them from acting on an FDR Executive Order (6102), which allowed the government to seize personal savings when no proof of a crime was committed? ('USA v. $333,520.00 in US Currency et al', Case number: 4:2010cv00703 Filed Nov 30, 2010)."
McDonald's employee fired for letting Peterson use the restroom - Shutdown Corner - NFL - Yahoo! Sports
McDonald's employee fired for letting Peterson use the restroom - Shutdown Corner - NFL - Yahoo! Sports: "McDonald's employee fired for letting Peterson use the restroom
By Chris Chase
An assistant manager at McDonald's was fired after allowing Minnesota Vikings star Adrian Peterson to use the bathroom while the restaurant was closed.
While working the late-night drive-thru shift at 3 a.m., a female employee"
By Chris Chase
An assistant manager at McDonald's was fired after allowing Minnesota Vikings star Adrian Peterson to use the bathroom while the restaurant was closed.
While working the late-night drive-thru shift at 3 a.m., a female employee"
Tuesday, January 11, 2011
(VIDEO ) FICO Questions Answered: CEO Isaac: Improve Credit Score 3 ways
FICO Questions Answered: Fair, Isaac CEO Reveals 3 Key Ways to Improve Your Score
This covers the basics... and one we all know is pay your bills on time! Watch the video and pick up other tips!
Friday, January 7, 2011
Lady Gaga Shows Off New Polaroid Glasses and Printer [VIDEO]
Lady Gaga Shows Off New Polaroid Glasses and Printer [VIDEO]: "Lady Gaga has been the creative director at Polaroid for exactly one year now, and, judging by its new line of products, the partnership definitely helped Polaroid establish a new direction for the company.
This year at CES Lady Gaga helped the company unveil a new line of products, including the GL20 picture-taking sunglasses, and GL10, a mobile, wireless printer that can be used to print photos directly from your mobile phone."
This year at CES Lady Gaga helped the company unveil a new line of products, including the GL20 picture-taking sunglasses, and GL10, a mobile, wireless printer that can be used to print photos directly from your mobile phone."
The Associated Press: Portugal's debt worries worsen as bond yields rise
The Associated Press: Portugal's debt worries worsen as bond yields rise: "Prime Minister Jose Socrates said Friday that state revenue was higher than forecast last year and spending was lower than expected, helping Portugal to meet its budget deficit target of 7.3 percent. Meanwhile, the economy is estimated to have grown by at least 1.3 percent in 2010.
Socrates said those figures 'should help instill confidence in the markets.'
However, analysts expect an austerity plan featuring tax hikes and pay cuts to cast Portugal into recession this year.
That would hurt tax revenue and place further stress on the budget which is already being drained by high interest rates on its borrowings and increased welfare payments resulting from a jobless rate that has risen to 11 percent.
Fears that economic growth in Europe will be slow and drag on governments' efforts to raise income were heightened by a downward revision to the eurozone's GDP growth in the third quarter of 2010. Eurostat, the EU's statistics agency, said output rose by only 0.3 percent, down on the previous estimate of 0.4 percent and way below the 1 percent growth recorded in the second quarter.
Business investment fell and personal spending declined, suggesting the region is in for a prolonged period of weak growth and government belt-tightening will be harder than expected."
Socrates said those figures 'should help instill confidence in the markets.'
However, analysts expect an austerity plan featuring tax hikes and pay cuts to cast Portugal into recession this year.
That would hurt tax revenue and place further stress on the budget which is already being drained by high interest rates on its borrowings and increased welfare payments resulting from a jobless rate that has risen to 11 percent.
Fears that economic growth in Europe will be slow and drag on governments' efforts to raise income were heightened by a downward revision to the eurozone's GDP growth in the third quarter of 2010. Eurostat, the EU's statistics agency, said output rose by only 0.3 percent, down on the previous estimate of 0.4 percent and way below the 1 percent growth recorded in the second quarter.
Business investment fell and personal spending declined, suggesting the region is in for a prolonged period of weak growth and government belt-tightening will be harder than expected."
Wednesday, January 5, 2011
More Than 1,000 Dead Birds Fall From Sky In Arkansas
AT showmetheloan.net some are speculating that this is the beginning of shorting food and water .... Some news reports said the birds flew into each other, death from stress with fireworks the trigger - yeah right. Hazmat suits are always used for birds that are stressed out - does this happen every year after fireworks? Inquiring minds would like to know.
'That pretty much rules out an illness' or poisoning, the mayor said.
Arkansas Game and Fish Commission ornithologist Karen Rowe said Saturday the birds showed physical trauma, and speculated that 'the flock could have been hit by lightning or high-altitude hail.'
The commission said that New Year's Eve revelers shooting off fireworks could have startled the birds from their roost and caused them to die from stress.
Robby King, a wildlife officer for the commission, collected about 65 dead birds, which will be sent for testing to the state Livestock and Poultry Commission lab and the National Wildlife Health Center lab in Madison, Wis."
Monday, January 3, 2011
A Strong Crop of Documentaries, but Barely Seen - NYTimes.com
A Strong Crop of Documentaries, but Barely Seen - NYTimes.com: "In a year when “The Expendables,” a fact-free action thriller, has so far outsold “The Social Network,” a nonfiction drama, the top-ranked film with roots in the real was “Jackass 3D.” That film, part of a series that chronicles dopey stunts — and appears to be in a class by itself, as the documentary world doesn’t much bother with it — was ranked No. 19 as the year ended, with ticket sales of about $117 million for Paramount.
The year’s top box-office draw was “Toy Story 3,” from Disney, which had about $415 million in ticket sales, followed by a long list of fantasies, comedies and a couple of reality-bending dramas, “Inception” and “Shutter Island,” with Leonardo DiCaprio. (Total domestic sales for the year were about $10.56 billion, just short of last year’s $10.6 billion, though theater attendance dropped about 5.36 percent, according to estimates by Hollywood.com’s box-office analyst, Paul Dergarabedian.)
Even critically admired documentaries like “Inside Job,” about Wall Street’s collapse, or “Exit Through the Gift Shop,” about the elusive street artist Banksy, fell short of marks that were set by films like “Super Size Me,” “Religulous,” and Michael Moore’s hit, “Fahrenheit 9/11.”"
The year’s top box-office draw was “Toy Story 3,” from Disney, which had about $415 million in ticket sales, followed by a long list of fantasies, comedies and a couple of reality-bending dramas, “Inception” and “Shutter Island,” with Leonardo DiCaprio. (Total domestic sales for the year were about $10.56 billion, just short of last year’s $10.6 billion, though theater attendance dropped about 5.36 percent, according to estimates by Hollywood.com’s box-office analyst, Paul Dergarabedian.)
Even critically admired documentaries like “Inside Job,” about Wall Street’s collapse, or “Exit Through the Gift Shop,” about the elusive street artist Banksy, fell short of marks that were set by films like “Super Size Me,” “Religulous,” and Michael Moore’s hit, “Fahrenheit 9/11.”"
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