Monthly Archives: June 2006

Perhaps Raines and Co. didn’t get away scott-free after all… From the Washington Post: U.S. Seeks to Recover Fannie Mae Bonuses The government will pursue some Fannie Mae executives to recover bonus money they reaped in an accounting scheme _ … Continue reading →

The blog will be undergoing many changes in the next few weeks. All for the better. First, the message board is finally live! There will be some tweaks to the look and feel over the next few weeks, but it’s … Continue reading →

An interesting piece on tax sales in Glen Ridge, NJ. For those who don’t know about Glen Ridge taxes, they are some of the highest in the state. The author provides a nice little primer on the tax sales process. … Continue reading →

Is the Fed actively targeting housing? Not likely. Are they concerned about housing? Absolutely. Will that stop them from tightening? No. Unfortunately, I see only two scenarios in the near future, inflation or a housing bubble burst. In reality, it … Continue reading →

Just an update on a story posted a few weeks ago on the Hoboken garage deal on the verge of backfiring. Apparently, even local government thinks that they can flip properties for huge profits.. From the Jersey Journal: Hoboken’s finance … Continue reading →

This one comes to us from the ‘Ask the Biz Brain’ column in today’s Star Ledger. I thought it might be appropriate since the discussion (derision) of high-debt living has become a hot topic lately. Ask the Biz Brain My … Continue reading →

From the Wall Street Journal: Economic Rehab “The stock, bond, currency and commodity markets are bouncing around wildly. While there are many crosscurrents, monetary policy and economic data are front and center in day-to-day market volatility. As a result, some … Continue reading →

From the AP: Corzine wants to build 100,000 affordable homes over next decade “Plans will be set by the end of the year to build 100,000 homes for low-income New Jerseyans over the next decade, Gov. Jon S. Corzine said … Continue reading →

GSMLS – http://www.gsmls.com (Garden State Multiple Listing Service) Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 5/31 – 17,345 6/7 – 17,708 (2% Weekly Increase) NJMLS – http://www.njmls.com (New Jersey Multiple Listing Service) … Continue reading →

From Reuters: US home refinancings at 2006 low despite rates dip “U.S. home loan refinancing applications last week sunk to their lowest this year and new home mortgages barely budged, lending support to the view that even lower interest rates … Continue reading →

From Marketwatch: Retirement outlook? Poor “Generation Xers will be worse off even than the baby boomers when retirement looms unless they make inroads into retirement savings by working longer and saving more, according to a new report.” “The study’s authors … Continue reading →

From the AP: Property tax relief by year’s end? “Assembly Speaker Joseph Roberts Jr. and Senate President Richard Codey said they’ll ask Gov. Jon Corzine to address a rare summer session of the Legislature in July in which the Assembly … Continue reading →