Items Tagged with 'West Virginia'


  • Some good property news

    Housing reports on April are terrible. This is topped off with the Federal Housing Finance Agency report that housing prices posted the largest quarterly decline since the fourth quarter of 2008. Only three states saw house prices appreciate in the first quarter of 2011: Alaska, North Dakota and West Virginia. Depressing.
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  • Credit Card Delinquencies Fall 11 Percent

    Mortgage servicers understand the critical link between consumer debt and mortgage debt -- at least traditionally. The equation isn't exactly rocket science: troubled borrowers usually load up on credit card debt, and perhaps even default on unsecured debts, before defaulting on a mortgage.
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  • Builder Confidence Hits New Low; NAHB Urges Buyer Stimulus

    Home builder confidence across the U.S. slumped to a new record low of 8, according to a monthly survey released Wednesday by the National Association of Home Builders. The housing market index, measuring builder perceptions of current single-family home sales and sales expectations for the next six months, is based on a scale of 100 where any number over 50 indicates more home builders perceive sales conditions as good than poor.
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  • Number Twelve: West Virginia's Ameribank Shut Down by FDIC

    Lost in the shuffle of a historic proposal from the Treasury to bail out the financial markets was yet another small bank failure in West Virginia. Ameribank, Inc. was shut down Friday by the Office of Thrift Supervision and placed into Federal Deposit Insurance Corp. hands; the small bank had total assets of $115 million and total deposits of $102 million.
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