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'Do not underestimate the power of the Fed'

By Lou Barnes, Friday, March 27, 2009.
Flickr photo by <a href="http://www.flickr.com/photos/dianaoctavius/3333902343/" target=blank>dianaoctavius</a>.

There will be many turning points in this first global recession of the modern era, but this week marks one of the good ones. The players: the Fed, the Obama administration, and maybe, just maybe ... the bankers.

The Fed is a central bank. All nations have one, each with one unique capability: the authority to print money. In normal times, central banks print money cautiously but routinely through the banking system -- draining in good times, increasing in recessions.  more...

Mar

27
2009

Dems target incentives for loan originators Premium Content

By Inman News, Friday, March 27, 2009.

House Democrats have introduced legislation that supporters say would remove incentives for mortgage brokers to place borrowers in higher-cost loans, and require lenders to retain some exposure to riskier loans that are securitized and sold to secondary market investors.  more...

Words that changed architecture

By Arrol Gellner, Friday, March 27, 2009.

While much of the verbiage architects have churned out over the years has deservedly been forgotten, a number of phrases have managed to encapsulate, if not outright inspire, entire architectural movements.  more...

Pulling the trigger on nail gun purchase

By Paul Bianchina, Friday, March 27, 2009.

For professionals and do-it-yourselfers alike, nothing makes a job easier and faster than a power nailer. Nailers not only substantially speed up your work and save a lot of stress on your arm, hand and wrist, but they reduce wood splitting and hammer dents, eliminate predrilling in hardwoods, and accurately set your nails at or below the surface of the wood.

COMPRESSED AIR  more...

Static over $4,100 carpet charge

By Robert Griswold, Friday, March 27, 2009.

Q: We recently moved out of an apartment we rented for four years. Our lease allowed us to have a dog. We were very neat and clean tenants, and the owner came over often during the tenancy to make minor repairs and not once mentioned any concerns about our housekeeping.  more...

First-timers worry about jobs, credit Premium Content

By Inman News, Friday, March 27, 2009.

Most prospective first-time homebuyers know interest rates are low and believe that homes are affordable. But nearly half don't know about the $8,000 tax credit available to first-time homebuyers through the end of November, and three in four say it's hard to get a loan.

Those are some of the key findings of a survey of 1,000 prospective first-time homebuyers conducted in early March for Century 21 Real Estate LLC.  more...

Everything must go

By Inman News, Friday, March 27, 2009.

Photo by BRYANT TUTAS

"Everything must go."

Bryant Tutas, broker-owner of Tutas Towne Realty Inc. in Dundee, Fla., submitted this photo of a home in Davenport, Fla. He captured the image in February 2009.

"It reminds me that there are real people that are affected by these foreclosures," according to Tutas.  more...