Wednesday, October 22, 2008

Feds to pick up bad mortgages


The U.S. government is attempting to head off a collapse of the financial system by promising to provide "hundreds of billions" of support for financial markets and institutions by purchasing troubled mortgages from banks and other institutions.

Bush administration officials including Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke have briefed lawmakers on Capitol Hill on the "urgent need for Congress to pass legislation approving the federal government's purchase of illiquid assets, such as troubled mortgages, from banks and other financial institutions," President Bush said today. Read Full Article »

Feds to pick up bad mortgages [inmanNEWS]

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Fun Wiki Fact of the Day


Case-Shiller index


Here is a great Wiki Fact I came across for those educated consumers looking to purchase a home. The Case-Shiller Home Price Indices measures the nominal value of the residential real estate market in the United States. For an accurate assessment of home values this is a great source for information.

Educate yourself and stay one step ahead of the market!

Case-Shiller index [Wikipedia]

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Tuesday, October 21, 2008

So, what is SIREN anyways?

SIREN, which stands for the Staten Island Real Estate News, aims to be Staten Island's premier real estate news blog. SIREN is the portal for the most current information in today's real estate market on Staten Island and beyond. In a world awash in news, I want to entice my readers to enjoy the most engaging topics ranging from housing and market trends, new developments, government policies to the latest culture and community events in your neighborhood.

SIREN's objective is to present real estate related topics to the public, which will stimulate the minds of many through an open forum, and serve as a virtual advisor with an informed competitive edge.

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