Construction may be down, but remodeling stays strong in Bend For years, Central Oregon has been the state's hottest locale for new construction, as new residents have flocked to the growing region. via The News-Review read more...
NCRC Calls For a Congressionally-Mandated Stay To Slow Down... WASHINGTON, April 17 /PRNewswire-USNewswire/ -- The National Community Reinvestment Coalition urged lawmakers today to pass legislation immediately to shut down the "foreclosure mills" being operated by law ... via
Mass. Gov. Romney's health care plan says everyone pays (USA Today) You have to buy car insurance if you own a car. You have to buy home insurance to get a mortgage. Why don't you have to buy health ...via
Greenspan Issues a Warning Outgoing Federal Reserve Chairman Alan Greenspan warned of the risk of trade and budget deficits.read more...
Bank names new mortgage consultant Commercial Federal Bank has named Ron Batey home mortgage consultant, serving the Ada, Ardmore and Seminole areas.via
Rita Doesn't Mess With Wall Street As Hurricane Rita approaches Texas, it's losing some power. In the middle of the trading day, the storm was downgraded again Friday to a Category 3 storm.read more...
Sounding a gong couldn’t have made it clearer. Federal Reserve officials are putting out the word that further interest rate cuts are unlikely.
Fed Governor Kevin Warsh ditched the central bank’s cryptic word tangles and actually waxed poetic. ‘Even if the economy were to weaken somewhat further, we should be inclined to resist expected, reflexive calls to trot out the hammer again,’ Warsh said, referring to the Fed’s key interest rate.
Speaking more central-bankerly, the Fed’s No. 2 official, Vice Chairman Donald Kohn, said the current stance of interest-rate policy ‘appears to be appropriately calibrated for now.’ Janet Yellen, president of the Federal Reserve Bank of San Francisco, called the current level of rates ‘appropriate.’
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