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Interesting piece yesterday on 60 minutes. Basically, in Cleveland, defaults and strategic defaults have become so bad that banks aren't even bothering to auction off the properties anymore. They just foreclose and let the houses rot. The city is then forced to send 8k to 10k tearing down the...

Hey USCT, Any ideas on what the heck is up with Vix? Market is down 3 straight days and Vix is actually down!

There is a great site where people share ideas and strategies on how to trade apple stock...including historical trends and earnings estimates. http://aapltrading.proboards.com/index.cgi?board=news Posters are very helpful and open. In case anyone is interested, thought I would share.

interesting take http://www.businessweek.com/magazine/chinas-superrich-buy-a-better-life-abroad-11222011.html from article, according to this Bain & Co/China Merchants Bank study- 500,000 Chinese with investable assets over USD1.57M and 60% are considering emigrating. top reasons stated...

Was wondering if anyone in the mortgage industry has heard any specifics/rumors around this new program? http://www.nytimes.com/2011/08/25/business/economy/us-may-back-mortgage-refinancing-for-millions.html

SGIP can you do loans in Texas? Or can send me PM his contact info? TiA.

http://www.irvinehousingblog.com/blog/comments/a-detailed-look-at-irvine-village-premiums-by-global-decision-and-ihb/#more