Category: Uncategorized

Over 40% of Nearly 2 Million Modified Loans Facing Resets are Underwater
June 2, 2014 0

Over 40% of Nearly 2 Million Modified Loans Facing Resets are Underwater

By News Desk

Black Knight’s April Mortgage Monitor shows almost 2 million modifications face interest rate resets, and 40 percent of those resets are underwater. Email News Release "We have seen a continual reduction in the number of underwater borrowers at the national level for some time now, but modified loans show a different picture," said Kostya Gradushy, Black Knight’s manager of Loan Data and Customer Analytics. "While the national negative equity rate as of April stands at 9.4 percent of active mortgages, the share of underwater modified loans facing interest rate resets is much higher — over 40 percent

Japan Orders and Output Decline Second Month; Does it Mean Anything?
June 2, 2014 0

Japan Orders and Output Decline Second Month; Does it Mean Anything?

By News Desk

Rate of job creation eases Summary:  Japanese manufacturing firms saw a decline in output for the second month running in May alongside a con tinued fall in new orders and new export orders. That said, rates of decline for both new orders and output eased from those seen in April. Employment numbers grew in May for the tenth month running, albeit at a slower pace

Ukraine & Syria: Elections of Mass Destruction
May 31, 2014 0

Ukraine & Syria: Elections of Mass Destruction

By News Desk

In Reuters’ article, " Tens of thousands of Syrians abroad vote in early poll ," it reported:  Expatriates and those who have fled the war were casting their ballots at dozens of Syrian embassies abroad ahead of next week’s vote inside the country that opponents have dismissed as a farce as the fighting rages in its fourth year. Several countries that oppose Assad, including France, have blocked the voting but Syrian government media said people were still able to participate in many countries

May 29, 2014 0

Eli Reads Again

By News Desk

Some links for the bunnies Magnus Westerstrand discusses the hidden Bengtsson and his media gambit. I am sad to have witnessed the changes in Lennart Bengtsson’s media presence over the last few years. At first it was just a few comments in local media such as this article in UNT 2009 stating among other things that a doubling of carbon dioxide in the atmosphere would only result in a temperature increase of about 1 o C as a result of the logarithmic forcing of CO 2 .  This is misleading, of course, because it ignores feedbacks which increase that number substantially.