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FHA Mortgages Makes a New Home Affordable in St. Louis

http://www.myfhamortgageblog.com

It has been a long time since I was able to make this statement; if you are currently renting you can buy a new home and not have your monthly mortgage exceed what you are paying in monthly rent. Two factors are contributing to creating a very affordable housing market for first time home buyers, FHA interest rates are at historic lows and the median home prices in St. Louis, St. Charles and Jefferson County continue to go lower. Every month I am doing an ever increasing number of first time home buyer mortgages, in the St. Louis area just under 65% of all homes purchased are first time home buyers utilizing FHA financing. The amazing item that I find in nearly all borrower cases is that the difference between the new house payment and what they were paying in rent is nearly the same, sometimes a bit lower. This includes a house payment for principal, interest, taxes and insurances, the whole enchilada!

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Created by Dr Who 4 years 10 weeks ago – Made popular 4 years 10 weeks ago

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2

FHA Close to Monetizing First Time Homebuyer Tax Credit!

http://exclusivebuyeragentseattle.blogspot.com

In a video news report by Frank Garay and Brian Stevens of ThinkBigWorkSmall.com, they reported the news that HUD is getting close to allowing the monetization of the First Time Homebuyer Tax Credit. In his prepared remarks, Secretary of HUD, Shaun Donovan, cited an estimate by the National Association of Home Builders that this new tax credit will stimulate 160,000 home sales across the nation - 101,000 of which will be first time buyers who will receive the credit. Another 59,000 existing homeowners will be able to buy another home because a first time buyer purchased their home.

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Created by Dr Who 4 years 10 weeks ago – Made popular 4 years 10 weeks ago

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2

Rupert Murdoch: The Age of Free Web News is Over

http://technologyexpert.blogspot.com

Newspapers hurting? Big yeah. But rather than relying on the Kindle DX, which some hope will be the savior of the newspaper and magazine industry, News Corp. CEO Rupert Murdoch said on Wednesday night that the age of free internet news is over. Apparently subscription revenue is rising at the Wall Street Journal, which led Murdoch to state that he expects to start charging for access to all of News Corp.'s newspaper websites within a year. He said the current business model for web news is "malfunctioning."

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Created by Dr Who 4 years 11 weeks ago – Made popular 4 years 11 weeks ago

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2

Banks Failed Stress Tests..What This Means To Realtors.

http://timandjulieharris.com

All the talk about ‘Bank Stress Tests’ can be a little confusing….well, here is a great article from HERE that explains what all of this means to the real estate industry. Here is what I want you to pay special attention to…note what he has to say about foreclosures. (and upcoming opportunities listing REOs)

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Created by Dr Who 4 years 11 weeks ago – Made popular 4 years 11 weeks ago

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2

In crisis, does sex sell?

http://uk.reuters.com

At "Big Eropolis" in Paris it seems a sure bet that sex always sells, but are there limits to consumer's desires?
Sales in the French erotic industry have slumped as the global economic crisis has driven consumers to reduce their spending on sex toys, massage oils and other kinky products, sector specialists said.
(SOUNDBITE) (French) BERNARD MONTAGUD, MANAGER OF A SEX TOY SHOP:
"With the financial crisis we have to try and sell more in order to compensate the low margins and it's not easy. Today I'm losing about 30 percent in turnover compared to the same time last year. In some stores where we only sell sex toys, we've had a 40 percent drop."

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Created by Dr Who 4 years 18 weeks ago – Made popular 4 years 18 weeks ago

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2

FBI searches for victims of alleged Stanford fraud

http://www.radiojamaica.com

The US Securities and Exchange Commission last month accused Mr. Stanford and others of carrying out a massive fraud over at least a decade. An FBI official declined to say if Mr. Stanford himself is a target of the probe, but confirmed that the financier remains in the US after surrendering his passport to the SEC. The US Justice Department has not charged Mr. Stanford with any criminal wrongdoing.

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Created by Dr Who 4 years 19 weeks ago – Made popular 4 years 16 weeks ago

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