Business

Foreclosure Leaseback Keeps Families in Homes

Armen Hareyan — Mon, 09 Nov 2009 08:06:36 -0600

In an attempt to keep foreclosed families from becoming homeless, mortgage buyer Fannie Mae has come up with a program that will rent homes back to delinquent borrowers at market rates.

Mediation May Forestall Florida Foreclosures

Armen Hareyan — Sun, 08 Nov 2009 20:51:15 -0600

While Florida foreclosure numbers fell 6 per cent between the second and third quarter, the state still shows that approximately 1 out of every 158 homeowners is currently in some stage of the foreclosure process. While no one can give exact reasons for this slight decrease, some feel that additional short sales, along with the federal government’s push for mortgage modifications, has helped slightly in damming the foreclosure flood.

New York Unemployment Website Down: Facebook Users Gripe

Cheryl Phillips — Sun, 08 Nov 2009 16:28:32 -0600

The unemployment claims website for the New York State Department of Labor is having some technical problems today. Shortly after 3pm EST, there was no access to the unemployment section of the New York State Department of Labor website.

SEPTA Union Asks For Binding Arbitration

Michael Santo — Sat, 07 Nov 2009 16:50:51 -0600

When Pennsylvania governor Ed Rendell camt out of last night's SEPTA transit strike negotiations saying they had come to a tentative agreement, he didn't realize how tentative it was. Transport Workers Union Local 234 has counter-offered, saying they will end their strike, which began as soon as the Phillies left town for the remainder of the world series, if SEPTA agrees to binding arbitration.

Bank of America Streamlines Short Sales Process

andeallen — Sat, 07 Nov 2009 12:08:00 -0600

Bank of America, widely recognized as the most uncooperative lender in short sale negotiations, has recently partnered with California-based Equator (REOTrans) to electronically process short sale transactions.

Old Navy Puts Out Black Friday Ads and Store Hours

Donna Diegel — Sat, 07 Nov 2009 11:09:01 -0600

Old Navy $10.00 off coupons, Black Friday deals and store hours of operation for Thanksgiving weekend were released. Free Rock Band Guitar with purchase, jeans, sweaters, Free Lego Rock Band Video Game, plus many other sale offers were listed.

Southwest Airlines Green Plane is Eco-Friendly First in Airline Industry

Cheryl Phillips — Sat, 07 Nov 2009 09:18:40 -0600

Southwest Airlines has long been an efficiently run company with a focus on an environmental commitment. Southwest strives to be as productive as possible while minimizing waste and protecting the Earth and now has a new "green plane" to add to their innovative approach to business and respect for the environment.

Southwest Airlines Green Plane

Cheryl Phillips — Sat, 07 Nov 2009 09:17:42 -0600

Southwest introduced its Green Plane on October 21. Southwest is the first airline to do something like this. Read more about the Southwest Green Plane here on HULIQ "Southwest Airlines Introduces Green Plane".

Clog Your Arteries With Papa Johns Promotions For a Wii and Free Pizza

Michael Santo — Fri, 06 Nov 2009 20:10:22 -0600

The Nintendo Wii has lost some of its luster, but the key to its success so far is: fun. And from now until November 29th, Papa John's customers can enter daily for a chance to 300 packages which include a Nintendo Wii, Wii Sports Resort, an extra Wiimote, an extra Nunchuk, and an extra Wii MotionPlus, which retail together for about $330.

Mortgage Rates Improve While Mixed Signals Continue

Armen Hareyan — Fri, 06 Nov 2009 15:26:50 -0600

Yesterday we heard the news that the First Time Homebuyer Tax credit that was slated to expire on November 30th, 2009 is being extended until next spring. Future homeowners need to get under contract before May 1st 2010 to take advantage of the extension. This is great news for realtors, mortgage people and most of all buyers in light of the current low mortgage rates.

Generational Shift Prime Reason for Work Stress

Armen Hareyan — Fri, 06 Nov 2009 13:36:53 -0600

According to a health academic, the increasing ‘stress epidemic’ in the present day workforce is attributable to factors other than deteriorating work conditions.

More Homebuyers Qualify for Tax Credit

Armen Hareyan — Fri, 06 Nov 2009 09:29:07 -0600

Congress just passed an expanded version of the $8,000 first time home buyer tax credit that was set to expire on November 30. “The new version of the tax credit has the potential to stimulate the housing market even more than the old version due to the fact that more people will qualify under the new rules,” said Gibran Nicholas, Chairman of the CMPS Institute, an organization that certifies mortgage bankers and brokers.