Chris Cantell Discusses Real-Estate: Recession, Microhoo, Wall Street, Wendy's, Whatever by Kamila Moravcikova

All people who pay attention to what's going on in this world have been keeping their eye out for how the situation on the Wall Street looks like, how is the Dow Jones index reacting, how is the market performing, are listening carefully to what Fed's official are talking about and what the Bush's administration is going to do, are being interested in analyzing forecasts about whether US economy is tending to be in a real trouble (the economists call it recession) or they all gonna survive without significant damages so they can relax for a while.And all those world-consciousness people had to notice that balance is really delicate thing. One bad quarter report and numbers are bad, one short news about technology giant interested in buying an equity stake in another one and suddenly there's a flash of hope (even though the Microhoo thing is not likely to be successful. Nice try to beat the Google with really positive side-effect, though). Investors all around the world are taking a rest. Well, but all that calm is just quite deceptive. Maybe they are not doing anything visible, but they are impatiently waiting and turning their eyes on the new data and financial reports (of News Corp., Wendy's International among the others) to see if those can help to boost the weak US economy or not so they can reconsider what's gonna be their next step. What will they be going through? Heaven or hell? How will the hell look like? And how bad is really bad? Who knows? The balance is really delicate thing.

related story: http://news.yahoo.com/s/ap/20080203/ap_on_bi_ge/wall_street_week_ahead;_ylt=AuZGaD3LIbC6iYy2.q394Qas0NUE

by Kamila Moravcikova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Federica Paddeu

Chris Cantell Discusses Real-Estate: Recession, Microhoo, Wall Street, Wendy's, Whatever by Kamila Moravcikova

All people who pay attention to what's going on in this world have been keeping their eye out for how the situation on the Wall Street looks like, how is the Dow Jones index reacting, how is the market performing, are listening carefully to what Fed's official are talking about and what the Bush's administration is going to do, are being interested in analyzing forecasts about whether US economy is tending to be in a real trouble (the economists call it recession) or they all gonna survive without significant damages so they can relax for a while.And all those world-consciousness people had to notice that balance is really delicate thing. One bad quarter report and numbers are bad, one short news about technology giant interested in buying an equity stake in another one and suddenly there's a flash of hope (even though the Microhoo thing is not likely to be successful. Nice try to beat the Google with really positive side-effect, though). Investors all around the world are taking a rest. Well, but all that calm is just quite deceptive. Maybe they are not doing anything visible, but they are impatiently waiting and turning their eyes on the new data and financial reports (of News Corp., Wendy's International among the others) to see if those can help to boost the weak US economy or not so they can reconsider what's gonna be their next step. What will they be going through? Heaven or hell? How will the hell look like? And how bad is really bad? Who knows? The balance is really delicate thing.

related story: http://news.yahoo.com/s/ap/20080203/ap_on_bi_ge/wall_street_week_ahead;_ylt=AuZGaD3LIbC6iYy2.q394Qas0NUE

by Kamila Moravcikova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Federica Paddeu

The housing industry lacerates furthermore by Lenka Filipova

There are bad and not pleasant-to-hear news concerning the drop in sales of new houses. The sales have been on the decrease for three months, which resulted in the most extreme slowest pace within 13 years. The median price of a new commodity has slumped to the lowest point in three years. The reports showed that the sales decreased by 2.8 % previous month and that the median price lowered by 4.3 % from the December, that actually is only $216,000. Due to the fact that mortgage foreclosures are contributing to already over-saturated market, analysts are really skeptic about the improvements in the housing activity. In addition to this, the rate of sales is extremely slow, resulting in the increased time to exhaust the existing inventory to 9.9 months. Thus, the economists are forecasting more price drops in the following months. However, the financial markets have been announced by loan regulators Fannie Mae and Freddie Mac, who are the major financial contributors for U.S. home loans, that they will shift up the mortgages ceiling to make people more possible to pay their loans. Ian Shepherdson, who is a chief of private forecast firm High Frequency Economics, told he felt no doubt that the market housing was suffering a catastrophic collapse and that there was no sign yet that a bottom should have been reached in short time. All in all, the analysts are expecting the recession in this quarter, nevertheless the downturn is anticipated to be slow and calm. This is a consequence of the interest rate cuts by the Federal Reserve and by the financial support of $168 billion given by Congress.

by Lenka Filipova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

Fannie Mae Declares $3.6 Billion Loss in the Fourth Quarter of 2007! by Milota Sidorova

Just after the government allowed Fannie Mae, the largest buyer and backer of U.S. home loans along with Freddie Mac, its chief rival to expand in the vibrant mortgage market, another black bug has come out. Fannie Mae has released long expected annual fiscal report. Assumed loss forecast has become a true, maybe even worse. Loss of almost $3.6 billion in the fourth quarter of 2007 & that is a score of The Federal National Mortgage Association (FNMA) (NYSE: FNM), generally known as Fannie Mae, a government sponsored enterprise. No. 2 in housing market, Freddie Mac is expected to declare a loss of $1.5 billion next Thursday. Fannie Mae explains the constant decrease by mounting of home-loan deliquencies and lowering the interest rates. It' s not that long ago, since America had dated back the multi-billion accounting scandals at the government-sponsored companies ( GSC ) and yet another rescue promise has shined up. The Office of Federal Housing Enterprise Oversight cheered failling mortgage giants with a promise to remove the combined $1.5 trillion cap on Fannie's and Freddie's mortgage holdings. The announcment should be officialy confirmed right in a few days, on March 1. Reporting more than double loss comparing to 3Q 2007, Daniel Mudd, the president and CEO of Fannie Mae declared: "The housing conditions are serious and they've gotten worse." During the conference with analysts he slated difficulties for following year 2008. Analysing the situation, let' s resume the possibilities. If market condtions maintain or even worse, the company will be forced to raise new capital. This can achieve by selling off deposit investements, providing another sale of special stock or dropping even eliminating its dividend. In an efffort to maintain the companies ability to operate, government claimed to keep 30 per cent more capital in reserve, that is by the way, the minimal legal requirement. Fannie and Freddie will have to raise its capital, by the most possibily, cutting dividends. "The question becomes do they have the capital to maintain a larger portfolio?" quoted Bert Ely, a banking consultant based in Alexandria, Va. Dancing on the edge of the knife, Fannie will have to accept the government' s obligation. Following Mudd' s speech, reestablishing the capital, will be the most important aim of the company.

related story: http://news.yahoo.com/s/ap/20080227/ap_on_bi_ge/earns_fannie_mae;_ylt=Al3kbcBlZI.1BzQ9YB6FtaWs0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

The worst part of the recession just in front of us by Martina Harvanova

"You are being considered for a loan modification, which is a change in the original terms of your mortgage contract. If you qualify, this could reduce your interest rate or extend the time you have to repay your loan, or both." That is exactly how the beginning of the letter - the new move done by six American financial institutions sounds. The target is to give all homeowners another chance in effort to help them in their delinquency on the loans.Homeowners entangled themselves as the U. S. economy had started to experience its steep slump in the second half of the 2007. Decline in home constructions and consequently, a plunge in prices of all estates led to the nationwide troubles among consumers, producers as well as among head state officials. †Considering the issue regarding sinking value of real properties, wrinkles occurred mainly on the foreheads of homeowners who suddenly realized their homes don't reach the required value to cover their loans. The circumstances put them in danger of loss of their properties. The recently taken step should provide the borrowers who are 90 days or more behind their mortgage payments with a 30-day reprieve to help their homes not to face foreclosure. On the other hand, the initiative may work as an awkward and too hurried plan whose process and operation isn't mature and efficient enough. In fact, majority of the analysts affirms the program can't work as a solution to the housing crisis, moreover it's considered just a "pause" in the foreclosure process. However, the worst part of the unpleasant housing situation still stays in front of us and is awaited to happen in the moment when holders of about 2.8 million subprime mortgages come up for interest-rate resets. †That is why the actions should meet more system requirements and mentioned actions of "cosmetic modifications" can't be able to solve the case.Economic packages introduced by the U. S. government will definitely improve a part of the situation, but the deterioration of the economy in the North America isn't likely to find its easy way to survive without any harms. System moves are the best solution to soften the negative impact of the situation.

related story: http://www.marketwatch.com/news/story/stop-foreclosure-lenders-agree-slow/story.aspx?guid=5445B9DA-C350-4C92-B7C2-1EBF88751EB0

by Martina Harvanova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Katarina Rastocna

Buy high, sell low... by Claudia Sonea

The fourth-quarter Zillow (housing market research company) report covers 67 million homes and offers data for the nation and 125 metro markets. On Tuesday it shoed that more than 30 percent of U.S. homeowners who bought in the last two years pay more on the mortgage than the house is currently worth. According to the report in the past two years the housing market peaked in most U.S. markets. 39 percent of those who bought in 2006 a house with a median 10 percent down mortgage, now have negative home equity. In 2007 the figures show that 30 percent are in the same situation. Still, this is not the worst thing possible and things are bound to get worse before going better, says Stan Humphries, Zillow vice president of data and analytics. U.S. home prices fell 3 percent last year from 2006 with condos (around $229,017) and single-family residence values that dropped 7.4 percent, respectively 5.5 percent, said online company Zillow in its quarterly home value report. There was a nationwide slip in the last three months of 2007 and all home types dropped 3.3 percent from the third quarter and 3 percent year-over-year. Even markets from Pacific Northwest were affected and reported a notable value declines in the fourth quarter. Overall home values fell in the fourth quarter of 2007 to around $224,890 and there is still a long way until any improvements will be made. Don't go away, this item of news will surely interest you. Enjoy!

related story: http://news.yahoo.com/s/nm/20080212/bs_nm/usa_housing_zillow_dc;_ylt=ApglkTz4iQCDSpR4K6E4UVSs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.


Edited by Katarina Rastocna

On the way to a new home by Livia Necasova

USA really is a dream country. Not always, but sometimes. At least if you wanna buy a house and don`t be encumbered with debts for the rest of your life, now it`s your chance. The real estate prices there are falling down by every single day. Some real estate agencies are selling the houses for discount prices and offering upgrades at the same time.. If that isn`t great. Well it`s not that great for the US-economy. The prices of real estates are rapidly sinking and the economy is facing a recession. The value of a house is not the same anymore, compared to the last year. Which means that if you have bought a house back in 2007 for lets say, 300.000 dollars, and you want to sell it now for 320.000, you can forget about that. You need to lower the price back on 300.000 or go even beneath that, so you can withstand with the competing agencies. Otherwise you won`t sell anything. Nobody is gonna buy your house for 300.000 if some estate agent offers him a house 20 metres away from your house for 270.000.That`s called business. Even if yours is looking more prettier. Well,while the US real estates prices are sinking, the prices here in Europe are climbing up high to some astronomic numbers. 300.000 dollars is approximately 200.000 euros. For 300.000 dollars you can buy a big house with garden, but for 200.000 euros you can hardly afford a house. You can buy a condominium but not a house. So for everybody who is interested to move to the US or just wants to have another house somewhere ,buy a ticket and go for it before they start rising again.

related story: http://news.yahoo.com/s/ap/20080226/ap_on_bi_ge/home_prices;_ylt=AvPKqSdraNZDmiPvrmnDS9Gs0NUE

by Livia Necasova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

The worst part of the recession just in front of us

by Martina Harvanova

"You are being considered for a loan modification, which is a change in the original terms of your mortgage contract. If you qualify, this could reduce your interest rate or extend the time you have to repay your loan, or both." That is exactly how the beginning of the letter - the new move done by six American financial institutions sounds. The target is to give all homeowners another chance in effort to help them in their delinquency on the loans.Homeowners entangled themselves as the U. S. economy had started to experience its steep slump in the second half of the 2007. Decline in home constructions and consequently, a plunge in prices of all estates led to the nationwide troubles among consumers, producers as well as among head state officials. †Considering the issue regarding sinking value of real properties, wrinkles occurred mainly on the foreheads of homeowners who suddenly realized their homes don't reach the required value to cover their loans. The circumstances put them in danger of loss of their properties. The recently taken step should provide the borrowers who are 90 days or more behind their mortgage payments with a 30-day reprieve to help their homes not to face foreclosure. On the other hand, the initiative may work as an awkward and too hurried plan whose process and operation isn't mature and efficient enough. In fact, majority of the analysts affirms the program can't work as a solution to the housing crisis, moreover it's considered just a "pause" in the foreclosure process. However, the worst part of the unpleasant housing situation still stays in front of us and is awaited to happen in the moment when holders of about 2.8 million subprime mortgages come up for interest-rate resets. †That is why the actions should meet more system requirements and mentioned actions of "cosmetic modifications" can't be able to solve the case.Economic packages introduced by the U. S. government will definitely improve a part of the situation, but the deterioration of the economy in the North America isn't likely to find its easy way to survive without any harms. System moves are the best solution to soften the negative impact of the situation.

related story: http://www.marketwatch.com/news/story/stop-foreclosure-lenders-agree-slow/story.aspx?guid=5445B9DA-C350-4C92-B7C2-1EBF88751EB0

by Martina Harvanova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.


Posted by: Maria Vidlickova

Buy high, sell low...

by Claudia Sonea

†††††††††††The fourth-quarter Zillow (housing market research company) report covers 67 million homes and offers data for the nation and 125 metro markets. On Tuesday it shoed that more than 30 percent of U.S. homeowners who bought in the last two years pay more on the mortgage than the house is currently worth. ††††††††††According to the report in the past two years the housing market peaked in most U.S. markets. 39 percent of those who bought in 2006 a house with a median 10 percent down mortgage, now have negative home equity. †In 2007 the figures show that 30 percent are in the same situation. Still, this is not the worst thing possible and things are bound to get worse before going better, says Stan Humphries, Zillow vice president of data and analytics. ††††††††††U.S. home prices fell 3 percent last year from 2006 with condos (around $229,017) and single-family residence values that dropped 7.4 percent, respectively 5.5 percent, said online company Zillow in its quarterly home value report. There was a nationwide slip in the last three months of 2007 and all home types dropped 3.3 percent from the third quarter and 3 percent year-over-year. Even markets from Pacific Northwest were affected and reported a notable value declines in the fourth quarter. ††††††††††Overall home values fell in the fourth quarter of 2007 to around $224,890 and there is still a long way until any improvements will be made. Don't go away, this item of news will surely interest you. Enjoy!

related story: http://news.yahoo.com/s/nm/20080212/bs_nm/usa_housing_zillow_dc;_ylt=ApglkTz4iQCDSpR4K6E4UVSs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.


Posted by: Maria Vidlickova

Housing market

by Lenka Lehenova

Everybody wants to have nice life with everything what he needs and wants. To find love for all life, to get married and then maybe to have children. Of course, if you want it you have to be ready for it. It means to have a job and earn money. Then you can buy a car and a house. Flat or house? Today a lot of people want to live in house. It is more comfortable but also more expensive. That is the reason why plenty of people have to borrow some money to buy or build it. To take mortgage is one of the opportunities which they have in case that they don't have enough money for it but there are also a lot of disadvantages.Although a lot of people want to own a house or flat, the fact is that housing market in USA is still decreasing. We all know that American economy is in depression and it influences many things. This is one of them. Sometimes people borrow more money than they are able to pay for it. There were about 40 000 foreclosures in 2007, which is more than the record set in 2006. The total is up 190 percent since 2003.Analysts, economists and government try to change the situation. Congress wants to help them as well †and this week it will examine another round of possible repairs for consumers and investors who are threatened by this situation in the housing market.Lawmakers and all in the housing market expect that the proposals will face resistance and it will help to stimulate economic.

by Lenka Lehenova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Real-Estate, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom

Posted by: Maria Vidlickova

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Chris Cantell Discusses Real-Estate: Loan documents go less

by Claudia Sonea

††††††††††††††††††Breaking news, the cause of subprime crisis is complex documentation. Well, maybe I tend to exaggerate, but according to many experts U.S. borrowers have too many papers to read making them to not quite understand what kind of loan they really get and that is why many people now lose their homes as adjustable rate mortgages rise. †††††††††††††††††††The Federal Trade Commission made a research and half of the borrowers it surveyed could not identify their loan amount in mortgage papers, while one-third could not identify their interest rate; two-thirds did not know if their mortgages had prepayment penalties, a feature which can make refinancing impossible. Luke Froeb, a former director of the U.S. Federal Trade Commission's Bureau of Economics, states that given borrowers more information proved to be a bad idea in the last years, because the additional data and legalese has turned the forms into perhaps a dozen pages of fine print. ††††††††††††††††††††††The plan is to determine home mortgage lenders to prepare a short, summary of each loan so consumers actually know what they are signing.Thus the FTC tested simplified versions of the documents with the longest of three pages by interviewing people and it made a big difference (the number of questions answered correctly rose to 80 percent from 61). Furthermore, mortgage brokers (helped kill a 2002 proposal by the Department of Housing and Urban Development to expand mortgage disclosures) expressed their support for the redesign. †Marc Savitt, president-elect of the National Association of Mortgage Brokers, said that all disclosing forms should be standardized for the borrowers to understand easier what they sign. ††††††††††††††††††††††††††The form that the Federal Reserve, Treasury Department, Federal Deposit Insurance Corp and other banking regulators have proposed is made of two pages that summarize monthly payment terms of an adjustable rate mortgage and also include brief descriptions of loan terms such as prepayment penalties, balloon payments and taxes and insurance. Rick Farr, partial owner of United Capital Mortgage Assistance, sustains that in many cases, when lawyers, real estate agents, buyers and sellers gather to close on a sale, the terms of the loan are such that make impossible to be understand by borrowers. †††††††††††††††††††††††††††Sen. Charles Schumer sponsored a 1988 credit card law requiring simpler disclosures on credit cards and he told Reuters that he signed 25 years ago the loan through his banker. Now as a member of the Senate Banking Committee, he has a bill pending that would require lenders to give borrowers a one-page table with information such as the monthly payment and the interest rate. Still Republican Sen. Charles Grassley, of Iowa, thinks that mortgage documents can be made simpler without legislation. ††††††††††††††††††††††††††In an attempt to solve the mortgage market crisis they are trying to make easier to understand disclosures, if that will work we cannot now yet, but don't go away, you will find pretty soon. ††

related story: http://news.yahoo.com/s/nm/20080225/en_nm/oscars_cotillard_dc;_ylt=At9Yrp3XiYef1eHgVi._oiqs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Real-Estate, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom

Posted by: Maria Vidlickova

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Housing market goes down by Zuzana Zelenakova

US Housing market experiences yet further decline as sales of existing houses are on their way down. This is the slowest sales pace on record. In addition, house prices are going down too as a great number of unsold houses exits on the market. Realtors don't have many reasons to cheer up because analysts predict that current tendency will persist even in the months to come. "With sales weak and inventories at extraordinary high levels, prices are likely to fall a lot more," said Joel Naroff, chief economist at Naroff Economic Advisors. "Eventually, sellers will end their denial and realize that if they want to unload their homes, they will have to cut prices even more." The National Association of Realtors informed on Monday that sales of family houses and appartments fell by 0.4 percent last month with number of 4.89 units sold per year. The average price of a house sold in January was $201.100 which represent 4.6 percent decline as compared to the previous year. Analysts further claim that on of the reasons for the current situation might be also the rising number of mortgage foreclosures which brings to the market more and more unsold houses. The situation on the housing market has been getting worse for the past two years as a result of financial institutions making their lending conditions more severe. It was their reaction to their immense losses on mortgages that have gone into default. "There is no end in sight for the housing disaster," said Ian Shepherdson working for High Frequency Economics.

related story: http://news.yahoo.com/s/ap/20080225/ap_on_bi_ge/economy;_ylt=AsQaVnLOd24gj.14WmgycEGs0NUE

by Zuzana Zelenakova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

Too slow pace by Claudia Sonea

On Monday the National Association of Realtors reported that sales of existing homes fell for the sixth straight month in January. Single-family homes and condominiums dropped by 0.4 percent last month to an annual rate of 4.89 million units- the slowest sales pace on record, while median home prices were also down. The forecast for the months ahead shows further price declines due to high levels of unsold homes. For a home sold in January the median price was $201,100, a drop of 4.6 percent from a year ago and according to analysts the inventory of unsold homes show it will take 10.3 months to sell the 4.19 million homes on the market at this sales pace. By comparison with December it grew 0.6 percent and taking into account that sales are weak (in all parts of the country in January except the Midwest, where sales posted an increase of 3.4 percent. Sales dropped by 3.6 percent in the Northeast, 2.1 percent in the West and 0.5 percent in the South), inventories at high levels the prices are bound to fall, says Joel Naroff, chief economist at Naroff Economic Advisors. Analysts blame it on the tide of mortgage foreclosures that is pushing even more unsold homes back on the market already crowded. In 2007 sales of existing homes fell by 12.7 recording the biggest decline in 25 years. Moreover, the prices are down 20 percent from their all-time record in 2005, the final year of a five-year housing boom that saw sales and prices reaching record levels. The severe credit crunch was created by financial institutions tightening their lending standards in reaction to their multibillion-dollar losses on mortgages that have gone into default, recounts Michael Gregory, an economist at BMO Capital Markets. Patrick Newport, an economist at Global Insight, revealed that condo prices rose more sharply than single-family home prices from 2000 to 2006 but have fallen less in the current downturn, but buyers won't jump in until condo prices drop more. Politics like always stepped in and Sen. Charles Schumer, D-N.Y., pointed out that Congress and the administration should see that more needs to be done to help the distressed housing market. Lawrence Yun, chief economist for the Realtors, said the housing sections of the $168 billion economic stimulus bill passed earlier this month, raising the caps of the size of loans that can be backed by Fannie Mae and Freddie Mac and the Federal Housing Administration, an increase expected to provide help in high-cost areas of the country such as California. However most of the analysts are still quite pessimistic and expect for the housing until late this year or possibly early 2009. Stay connected and find more.

related story: http://news.yahoo.com/s/ap/20080225/ap_on_bi_ge/economy;_ylt=AjWG8uOqdoP6BFAs8x.l9r2s0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

Housing market by Lenka Lehenova

Everybody wants to have nice life with everything what he needs and wants. To find love for all life, to get married and then maybe to have children. Of course, if you want it you have to be ready for it. It means to have a job and earn money. Then you can buy a car and a house. Flat or house? Today a lot of people want to live in house. It is more comfortable but also more expensive. That is the reason why plenty of people have to borrow some money to buy or build it. To take mortgage is one of the opportunities which they have in case that they don't have enough money for it but there are also a lot of disadvantages. Although a lot of people want to own a house or flat, the fact is that housing market in USA is still decreasing. We all know that American economy is in depression and it influences many things. This is one of them. Sometimes people borrow more money than they are able to pay for it. There were about 40 000 foreclosures in 2007, which is more than the record set in 2006. The total is up 190 percent since 2003. Analysts, economists and government try to change the situation. Congress wants to help them as well and this week it will examine another round of possible repairs for consumers and investors who are threatened by this situation in the housing market. Lawmakers and all in the housing market expect that the proposals will face resistance and it will help to stimulate economic.

by Lenka Lehenova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

Loan documents go less by Claudia Sonea

Breaking news, the cause of subprime crisis is complex documentation. Well, maybe I tend to exaggerate, but according to many experts U.S. borrowers have too many papers to read making them to not quite understand what kind of loan they really get and that is why many people now lose their homes as adjustable rate mortgages rise. The Federal Trade Commission made a research and half of the borrowers it surveyed could not identify their loan amount in mortgage papers, while one-third could not identify their interest rate; two-thirds did not know if their mortgages had prepayment penalties, a feature which can make refinancing impossible. Luke Froeb, a former director of the U.S. Federal Trade Commission's Bureau of Economics, states that given borrowers more information proved to be a bad idea in the last years, because the additional data and legalese has turned the forms into perhaps a dozen pages of fine print. The plan is to determine home mortgage lenders to prepare a short, summary of each loan so consumers actually know what they are signing.Thus the FTC tested simplified versions of the documents with the longest of three pages by interviewing people and it made a big difference (the number of questions answered correctly rose to 80 percent from 61). Furthermore, mortgage brokers (helped kill a 2002 proposal by the Department of Housing and Urban Development to expand mortgage disclosures) expressed their support for the redesign. Marc Savitt, president-elect of the National Association of Mortgage Brokers, said that all disclosing forms should be standardized for the borrowers to understand easier what they sign. The form that the Federal Reserve, Treasury Department, Federal Deposit Insurance Corp and other banking regulators have proposed is made of two pages that summarize monthly payment terms of an adjustable rate mortgage and also include brief descriptions of loan terms such as prepayment penalties, balloon payments and taxes and insurance. Rick Farr, partial owner of United Capital Mortgage Assistance, sustains that in many cases, when lawyers, real estate agents, buyers and sellers gather to close on a sale, the terms of the loan are such that make impossible to be understand by borrowers. Sen. Charles Schumer sponsored a 1988 credit card law requiring simpler disclosures on credit cards and he told Reuters that he signed 25 years ago the loan through his banker. Now as a member of the Senate Banking Committee, he has a bill pending that would require lenders to give borrowers a one-page table with information such as the monthly payment and the interest rate. Still Republican Sen. Charles Grassley, of Iowa, thinks that mortgage documents can be made simpler without legislation. In an attempt to solve the mortgage market crisis they are trying to make easier to understand disclosures, if that will work we cannot now yet, but don't go away, you will find pretty soon.

related story: http://news.yahoo.com/s/nm/20080225/en_nm/oscars_cotillard_dc;_ylt=At9Yrp3XiYef1eHgVi._oiqs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

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The worst part of the recession just in front of us by Martina Harvanova

"You are being considered for a loan modification, which is a change in the original terms of your mortgage contract. If you qualify, this could reduce your interest rate or extend the time you have to repay your loan, or both." That is exactly how the beginning of the letter - the new move done by six American financial institutions sounds. The target is to give all homeowners another chance in effort to help them in their delinquency on the loans. Homeowners entangled themselves as the U. S. economy had started to experience its steep slump in the second half of the 2007. Decline in home constructions and consequently, a plunge in prices of all estates led to the nationwide troubles among consumers, producers as well as among head state officials. Considering the issue regarding sinking value of real properties, wrinkles occurred mainly on the foreheads of homeowners who suddenly realized their homes don't reach the required value to cover their loans. The circumstances put them in danger of loss of their properties. The recently taken step should provide the borrowers who are 90 days or more behind their mortgage payments with a 30-day reprieve to help their homes not to face foreclosure. On the other hand, the initiative may work as an awkward and too hurried plan whose process and operation isn't mature and efficient enough. In fact, majority of the analysts affirms the program can't work as a solution to the housing crisis, moreover it's considered just a "pause" in the foreclosure process. However, the worst part of the unpleasant housing situation still stays in front of us and is awaited to happen in the moment when holders of about 2.8 million subprime mortgages come up for interest-rate resets. That is why the actions should meet more system requirements and mentioned actions of "cosmetic modifications" can't be able to solve the case. Economic packages introduced by the U. S. government will definitely improve a part of the situation, but the deterioration of the economy in the North America isn't likely to find its easy way to survive without any harms. System moves are the best solution to soften the negative impact of the situation.

related story: http://www.marketwatch.com/news/story/stop-foreclosure-lenders-agree-slow/story.aspx?guid=5445B9DA-C350-4C92-B7C2-1EBF88751EB0

by Martina Harvanova for PocketNews (http://pocketnews.tv)

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Buy high, sell low... by Claudia Sonea

The fourth-quarter Zillow (housing market research company) report covers 67 million homes and offers data for the nation and 125 metro markets. On Tuesday it shoed that more than 30 percent of U.S. homeowners who bought in the last two years pay more on the mortgage than the house is currently worth. According to the report in the past two years the housing market peaked in most U.S. markets. 39 percent of those who bought in 2006 a house with a median 10 percent down mortgage, now have negative home equity. In 2007 the figures show that 30 percent are in the same situation. Still, this is not the worst thing possible and things are bound to get worse before going better, says Stan Humphries, Zillow vice president of data and analytics. U.S. home prices fell 3 percent last year from 2006 with condos (around $229,017) and single-family residence values that dropped 7.4 percent, respectively 5.5 percent, said online company Zillow in its quarterly home value report. There was a nationwide slip in the last three months of 2007 and all home types dropped 3.3 percent from the third quarter and 3 percent year-over-year. Even markets from Pacific Northwest were affected and reported a notable value declines in the fourth quarter. Overall home values fell in the fourth quarter of 2007 to around $224,890 and there is still a long way until any improvements will be made. Don't go away, this item of news will surely interest you. Enjoy!

related story: http://news.yahoo.com/s/nm/20080212/bs_nm/usa_housing_zillow_dc;_ylt=ApglkTz4iQCDSpR4K6E4UVSs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

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Recession, Microhoo, Wall Street, Wendy's, Whatever by Kamila Moravcikova

All people who pay attention to what's going on in this world have been keeping their eye out for how the situation on the Wall Street looks like, how is the Dow Jones index reacting, how is the market performing, are listening carefully to what Fed's official are talking about and what the Bush's administration is going to do, are being interested in analyzing forecasts about whether US economy is tending to be in a real trouble (the economists call it recession) or they all gonna survive without significant damages so they can relax for a while. And all those world-consciousness people had to notice that balance is really delicate thing. One bad quarter report and numbers are bad, one short news about technology giant interested in buying an equity stake in another one and suddenly there's a flash of hope (even though the Microhoo thing is not likely to be successful. Nice try to beat the Google with really positive side-effect, though). Investors all around the world are taking a rest. Well, but all that calm is just quite deceptive. Maybe they are not doing anything visible, but they are impatiently waiting and turning their eyes on the new data and financial reports (of News Corp., Wendy's International among the others) to see if those can help to boost the weak US economy or not so they can reconsider what's gonna be their next step. What will they be going through? Heaven or hell? How will the hell look like? And how bad is really bad? Who knows? The balance is really delicate thing.

related story: http://news.yahoo.com/s/ap/20080203/ap_on_bi_ge/wall_street_week_ahead;_ylt=AuZGaD3LIbC6iYy2.q394Qas0NUE

by Kamila Moravcikova for PocketNews (http://pocketnews.tv)

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