News From "The Daily Beast" for Boise Idaho | My First Boise Idaho Home Loan

News From “The Daily Beast” for Boise Idaho

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.

Obama Sets Dec. 1 Troop Deadline-read more about this article at NPR

Home sales may have risen in October, but this ought to damp any celebration: The proportion of U.S. homeowners who owe more than their homes are worth rose to 23 percent. With nearly 10.7 million households having negative equity in their homes in the third quarter, a sustained housing recovery is unlikely. Economists from J.P. Morgan Chase said on Monday that they don’t expect the housing market to bottom out until 2011.

1 in 4 Borrowers Under Water-Read more about this article at The Wallstreet Journal

Something for the banks to give thanks for: Bloomberg reports that the Federal Reserve has asked Bank of America and eight other banks to give plans including timetables for the repayment of TARP funds. It’s a sign that that the banks have been able to raise equity and exceed the capital buffers set for them in the stress tests. The nine banks that have yet to pay back TARP funds, which also include Citigroup and Wells Fargo, received about $142 billion in bailout money.

For more news fro The Daily Beast please check

Here are some more posts like this one