| Increase in Foreclosed Homes Suggest Strong Buyer's Market
With interest rates rising on adjustable rate mortgages, an increasing number of homes are being foreclosed. GuideToRealty.com reports that delinquency rates on certain loans have risen above 3 percent, creating an ideal market for both real estate investors and potential homebuyers (http://www.guidetorealty.com/calculators/index.jsp). San Francisco, CA (PRWEB) August 17, 2006 -- A feature article on GuideToRealty.com suggests that the foreclosed homes sector of the realty market is now a strong market due to the increase in delinquency rates (greater than 3 percent) on high risk home loans (http://www.guidetorealty.com/calculators/foreclosedhomes.jsp). This is partially attributable to interest rates on adjustable rate mortgages (ARMs) having risen over three full percentage points since the historic low of 3.25 percent in June 2004.
Wachovia Names David Pope President for Mortgage and Retail Credit ...
CHARLOTTE, N.C., Jan. 24 /PRNewswire-FirstCall/ -- Wachovia Corporation announced today that David Pope has been named president of Wachovia Mortgage and Retail Credit. In his new role, Pope will be responsible for leading the daily sales, fulfillment, retention, service and operational aspects of the mortgage and retail credit businesses. "David has done an exceptional job in his role as chief operating officer for the Mortgage and Retail Credit Group over the past seven months," said Ben Jenkins, head of the general banking group for Wachovia Bank. "He has been instrumental in continuing to integrate World Savings and Wachovia Mortgage into one unified organization." Pope has served in a variety of roles over the course of a 20-year career with Wachovia. Prior to his most recent role, Pope was head of Wachovia's Business Banking group for three years.
McCain: Still Losing GOPs?
P.S.: Maybe the 17% were voters who think they are independents but haven't changed their party registration. More alarming is the phenomenon described in this news account (subsequently highlighted by Drudge): In northern Coral Springs, near the Sawgrass Expressway and Coral Ridge Drive, David Nirenberg arrived to vote as an independent. Nevertheless, he said poll workers insisted he choose a party ballot.
"He said to me, 'Are you Democrat or Republican?' I said, 'Neither, I am independent.' He said, 'Well, you have to pick one,''' Nirenberg said.
In Florida, only those who declare a party are allowed to cast a vote in that party's presidential primary.
Nirenberg said he tried to explain to the poll worker that he should not vote on a party ballot because of his "no party affiliation" status.
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