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RISMedia » Today’s Top Story – Consumer
Deadline to Request Mortgage Review Extended to July 31	2/22/2012 3:03 PM
People seeking a review of their mortgage foreclosures under the Federal banking agencies’ Independent Foreclosure Review now have until July 31, 2012, to submit their requests. The Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) announced yesterday that the deadline for submitting requests [...]
Housing Expected to Add to GDP for First Time in 7 Years	2/21/2012 3:22 PM
The 2012 outlook is improving modestly from a disappointing 2011. Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, up from 1.6 percent growth for all of last year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. However, [...]
Home Remodelers Betting on a Rebound	2/20/2012 4:07 PM
(MCT)—Residential contractors are hoping that tight-fisted consumers will decide they need a new bathroom. Or maybe it’s time for those old kitchen counters to go. Perhaps it would be better to add another bedroom than move? After three years of slumping business, builders anticipate that the home remodeling and improvement sector will pick up in [...]
Fed Chairman Comments on Today’s Housing Market	2/17/2012 11:03 PM
Federal Reserve Chairman Ben S. Bernanke made the following speech at the 2012 National Association of Homebuilders International Builders’ Show, held in Orlando, Fla. on February 10. Housing Markets in Transition The economic recovery began more than two years ago, but it doesn’t feel like much of a recovery for many Americans—certainly for those of [...]
New Listings Promise Robust Prices	2/16/2012 3:35 PM
As of February 10, new listings tracked by Altos Research have ticked upwards for five consecutive weeks, suggesting the spring home buyer season will bring the strongest prices the nation has seen since the tax credit briefly stimulated demand two years ago. At the end of January, most metro markets saw stable pricing and several [...]
The Art of Starting Over: Save a Business Conversation Gone Wrong	2/15/2012 3:40 PM
Has this ever happened to you? You’re talking to a client, or perhaps your boss, and you realize the conversation has gotten off on absolutely the wrong foot. You may have learned new and unexpected information from the other person that renders everything you’ve said irrelevant. You may have walked in with an assumption that [...]
Remodeling Looking up in 2012	2/13/2012 4:00 PM
Homeowners are ready to make 2012 a banner year for remodeling and the latest cost-for-value research suggests that getting the most bang for every buck is more important than ever. The Remodeling Market Index (RMI) hit a five-year high at the end of 2011, indicating that residential remodeling should continue to grow in 2012, according [...]
Feedback: Some People Can’t Handle the Truth	2/12/2012 12:06 PM
Are you the type of individual who values sincere feedback and welcomes constructive criticism from customers, associates, and family members? Sometimes getting feedback can be an unpleasant experience, especially when it hasn’t been requested. Without timely feedback, it’s utterly impossible for a person to accurately identify his or her shortcomings, correct bad habits, and profit [...]
First-time Unemployment Claims Sink to Early-Recession Levels	2/10/2012 11:02 PM
(MCT)—In another sign that the job market is gaining momentum, the number of workers filing for unemployment benefits fell further last week—down to levels last seen in the early months of the recession. The Labor Department said Thursday that first-time jobless claims dropped by 15,000 to 358,000 last week, although week-to-week changes can be volatile. [...]
List of Improving Housing Markets Expands to Nearly 100	2/9/2012 3:19 PM
The list of housing markets showing measurable improvement expanded by 29 metros in February to include a total of 98 entries on the National Association of Home Builders/First American Improving Markets Index (IMI), released recently. Thirty-six states are now represented by at least one market on the list. The index identifies metropolitan areas that have [...]