The folks who run a song parody site called VERSUS have sent me their "song of the week." If this doesn't make you smile through the pain, well, pour yourself another scotch and then listen.
The Countrywide Investor Relations site is promoting its 2007 Investor Forum. It takes place Sept. 5-6 and includes a "Servicing Tour"at the company's offices in Simi Valley, followed by a day-long panel discussion and Q&A at headquarters in Calabasas. Discussions include a "Servicing Overview -- Managing Through Turbulent Times" and "Bank Integration and Capital Strategies."
It's the kind of blowout quarter weary tech investors were hoping for. Just about everyone suspected that HP would beat estimates, thanks to ongoing momentum in the personal computer industry, as well as falling component prices, especially memory chips like DRAMs which have seen a 40% decline in some sectors.
A few hours after that sad alert went up on First Magnus Financial's home page, I received a note from a mortgage broker crony of mine. He forwarded me a note from a local First Magnus contact of his.
Everyone gripes about the fact that there's no privacy online and Web surfers' personal information is exploited. But sometimes our actions online should be transparent -- there needs to be some accountability in this world of Wikis, where users are counted on to police inaccuracies and update news.
Parts of the Charles Schwab Web site and phone system were temporarily knocked out or running slowly Thursday, leading to long waits for clients trying to access their accounts or execute trades, CNBC Silicon Valley Bureau Chief Jim Goldman has learned.
You can always count on Nielsen/Net Ratings to let you know exactly how huge a pop culture issue actually is. Michael Moore's film, Sicko, released back on June 29 -- is still making waves online. Web traffic to blogs discussing Sicko reached 1.2 million unique visitors in May. By June traffic was down to 814,000, though people are still visiting related websites, especially as the presidential political debate on health care heats up.
Regarding my earlier blogs on Countrywide spacer calling customers to remind them to pay their mortgages (which Countrywide confirms), I received this email from Michael Paslawskyj. He's a Senior Economist for the American Institute for Economic Research who says he's spent much of the last 25 years working in financial services and says he's never heard of such a policy.
La Jolla-based DataQuick is out with the latest stats on Southern California, and it's darned near ugly. Home sales are at their lowest since the mid 1990s. Sales in LA, Riverside, San Diego, Ventura, San Bernardino and Orange counties were down 11.4% from last month and down 27.4% from July 2006. READ MORE
The New York Times may be the paper of record, it might have earned the title 'Gray Lady,' but it cannot escape the changing times. I'm not talking about the fact that that print publications across the board are suffering ad revenue declines and subscription dips.
You can almost hear it through the fog if you listen very closely. The spinning blades of a wind turbine being turned by the winds of change. "This project particularly represents a paradigm shift for American business." So says Kevin Schulte, a Vice President and "wunderkind" of Sustainable Energy Developments. The turbine we're looking at was made by GE, the plan to install it and make it work belong to Schulte, but the "paradigm shifter" is someone else. His name is Brian Fairbank.
Don't worry, I'm not quarterbacking the mortgage market, but I am checking the rates, and calling around. I just ran a Bankrate.com search on a 30-year jumbo fixed rate and localized it to Richmond, VA. I came up with rates anywhere from 6.750 with Amerisave to 7.515 with Countrywide to 8.200 with Bank of America.