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Friday, February 10, 2012 6:35 AM

[Opinion] The $26 Billion mortgage relief deal

At long last, the government(s) and five of the nation's largest banks have agreed to a $26 Billion mortgage relief settlement. From Forbes, Why Homeowners Can't Bank on the Mortgage Relief Plan , "With great fanfare, the US Department of
Posted by Howard Arnoff | 0 Comments
Thursday, February 02, 2012 8:59 AM

Obama administration announces another mortgage refinance plan

In the administration's continuing effort to successfully help underwater borrowers be able to refinance their mortgages at today's record low interest rates, one more plan has been announced using FHA financing and costing from $5 to $10 Billion.
Posted by Howard Arnoff | 0 Comments
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Tuesday, January 31, 2012 7:30 AM

This report card has a BIG FAT F

A couple of big stories out there in the Financial World have my attention and it's only my opinion but I can't help but give a BIG FAT F on my report card. Unlike almost everybody from surprisingly on both the left and the right, I don't
Posted by Howard Arnoff | 0 Comments
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Wednesday, January 11, 2012 9:19 AM

[Politics] Next stop: South Carolina

South Carolina (and from what I'm hearing, especially Charleston) will be the center of the political universe for the next 10 days as the Republican primary heads to the South. The bad news, the ads have already started. The good news, lots of money
Posted by Howard Arnoff | 0 Comments
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Tuesday, November 08, 2011 8:49 AM

Election Day, it's a beautiful day to get out and vote

... for the candidate of your choice but most importantly, just vote. Elections are being held today for Mayor in Charleston and North Charleston. Mount Pleasant is holding an election for town council. Joe Riley, the long time serving Mayor of Charleston
Posted by Howard Arnoff | 0 Comments
Monday, October 24, 2011 8:24 AM

Will this refinance program be any more successful than prior failures

The administration is to announce a turbo-charged HARP (Home Affordable Refinance Program) today in Nevada, the foreclosure capital of the United States designed to allow underwater homeowners who are current on their mortgage to refinance at lower rates
Posted by Howard Arnoff | 0 Comments
Wednesday, October 05, 2011 7:09 AM

Short term extension of national flood insurance program likely

... as part of a bill that the House passed to keep the government running through November 18 according to Housing Wire . The Senate passed the measure last week. The President is expected to sign it but a longer term (5 year) solution is necessary in
Posted by Howard Arnoff | 0 Comments
Tuesday, August 09, 2011 7:51 AM

S&P vs. US debt, what will happen to mortgage rates

I'll skip commenting on whether S&P downgraded US debt as payback for being hauled before Congress after giving AAA ratings to the toxic waste otherwise known as CDO's of mortgage backed securities or whether they may or may not have $2 Trillion
Posted by Howard Arnoff | 0 Comments
Tuesday, August 02, 2011 9:01 AM

Mortgage rates, the debt ceiling and the economy

Mortgage rates declined by a quarter point from Friday not so much do to the agreement on raising the debt ceiling but due to slowing economic growth. Today's "surprise" report that consumer spending declined in June won't do much to
Posted by Howard Arnoff | 0 Comments
Friday, July 29, 2011 9:15 AM

Today's Charleston mortgage rates, July 29, 2011

With just a few days before the debt ceiling "crisis" deadline, Charleston mortgage rates are basically unchanged from previous quotes. But the stock market is down due to both the lack of progress on the debt ceiling and 2Q GDP growth reported
Posted by Howard Arnoff | 1 Comments
Tuesday, June 07, 2011 6:30 AM

Real estate or WeinerGate? Today's answer should be obvious

Let's go with the twit. Here's another one for the hall of shame, the one and only Anthony Weiner of NY is the most recent politician whose sexual misadventures got him in trouble. And if you wondered why government efforts to get the economy
Posted by Howard Arnoff | 0 Comments
Wednesday, November 03, 2010 8:36 AM

How might the 2010 election influence the real estate recovery

In a word, JOBS. It's no secret or surprise that people vote with their wallets. Just take a look at the Industrial Midwest where massive job losses most likely caused voters to toss out the old and bring in the new. Now to be fair, the economy hasn't
Posted by Howard Arnoff | 1 Comments
Wednesday, October 06, 2010 7:20 AM

Another government giveaway, this time it's mortgage aid to the jobless

There is no doubt that persistently high unemployment is hurting the housing market and sometimes leading to foreclosures but I'm not sure that more government giveaways are the answer. In my opinion, job creation would be a better alternative but
Posted by Howard Arnoff | 0 Comments
Tuesday, September 07, 2010 6:50 AM

It's the economy, stupid or jobs, jobs, jobs

There is a cure for the housing market. It's jobs, jobs, jobs and not the artificial stimuli or government programs designed to prop up the ailing housing market. And that's probably why the Charleston real estate market is doing better than much
Posted by Howard Arnoff | 0 Comments
Tuesday, August 31, 2010 6:45 AM

The home buyer tax credit, once again?

It's been said that housing leads the economy out of a recession but I disagree, it's jobs and job security that gives people the confidence to buy a home which in turn helps the housing market and the economy. But after all, people do respond
Posted by Howard Arnoff | 2 Comments
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