U.S. Federal Reserve Chairman Ben Bernanke
(Photo Credit: AP)
By Neil Irwin
The economic outlook has become steadily gloomier over the last couple of months. A major deceleration of growth is already under way, and the risk of a dip back into recession is much higher than it was at the beginning of the summer. Financial markets have fallen steadily, reflecting that risk, as has President Obama’s approval rating.
On one hand, these weak economic results are to be expected. As economists Carmen and Vincent Reinhart documented in a new paper, recessions triggered by severe financial crises are normally followed by extended periods of weak growth and high unemployment like the one we are now seeing.
On the other hand, however, a certain fatalism — that a double-dip recession is inevitable–has crept into a lot of economic analysis lately, and it may be overstating the degree to which we are in dire straits. In fact, there are some reasons for at least modest optimism. A roaring recovery is probably not on the way, but here are five reasons that a slow-and-steady recovery is likely to continue.
Read full article here: http://voices.washingtonpost.com/political-economy/2010/09/five_reasons_to_be_optimistic.html?hpid=topnews
Posted via email from Title Insurance WEST PALM BEACH, FL–(Marketwire – August 31, 2010) – OpenClose Mortgage Software, developers of Web-based, loan origination software, has released the enhanced editing version that improves the accuracy of information flow in the new good faith estimate (GFE). The GFE lockdown “significantly improves” accuracy of loan documents allowing for those lenders to gain better control of 2010. Regulatory change called for a redesigned GFE this year to — in part — provide borrowers with more detailed closing cost information in order to make better informed decisions. But mistakes, or erroneously changed fees, can create inaccurate applications and non compliant loans. For example, a loan officer might try to waive a charge that the lender stipulates as mandatory. OpenClose created the GFE lockdown to provide lenders with even greater control by adding the ability to lock down fields in the fee maintenance and closing cost scenarios modules. By checking the “Lock on GFE” checkbox, a loan administrator can freeze the dollar value for that fee and then it cannot be changed on the Good Faith Estimate by any originator or processor. “The redesigned GFE 2010 provides many more details for prospective homebuyers,” said Jason Regalbuto, President, OpenClose, “but with those details comes more chance for error. Our new GFE lockdown feature provides an extra level of control and therefore, peace of mind.” I’m for whatever makes the transaction faster and easier. Technology is a beautiful thing – when it works. Posted via email from Title Insurance WEST PALM BEACH, FL–(Marketwire – August 31, 2010) – OpenClose Mortgage Software, developers of Web-based, loan origination software, has released the enhanced editing version that improves the accuracy of information flow in the new good faith estimate (GFE). The GFE lockdown “significantly improves” accuracy of loan documents allowing for those lenders to gain better control of 2010. Regulatory change called for a redesigned GFE this year to — in part — provide borrowers with more detailed closing cost information in order to make better informed decisions. But mistakes, or erroneously changed fees, can create inaccurate applications and non compliant loans. For example, a loan officer might try to waive a charge that the lender stipulates as mandatory. OpenClose created the GFE lockdown to provide lenders with even greater control by adding the ability to lock down fields in the fee maintenance and closing cost scenarios modules. By checking the “Lock on GFE” checkbox, a loan administrator can freeze the dollar value for that fee and then it cannot be changed on the Good Faith Estimate by any originator or processor. “The redesigned GFE 2010 provides many more details for prospective homebuyers,” said Jason Regalbuto, President, OpenClose, “but with those details comes more chance for error. Our new GFE lockdown feature provides an extra level of control and therefore, peace of mind.” I’m for whatever makes the transaction faster and easier. Technology is a beautiful thing – when it works. Posted via email from Title Insurance
Continuing Ed for Title Agents
OpenClose Releases “GFE Lockdown” for Enhanced Editing Features in Its Loan Origination Software That Greatly Improves GFE Accuracy
OpenClose Releases “GFE Lockdown” for Enhanced Editing Features in Its Loan Origination Software That Greatly Improves GFE Accuracy
Continuing Ed for Title Agents
OpenClose Releases “GFE Lockdown” for Enhanced Editing Features in Its Loan Origination Software That Greatly Improves GFE Accuracy
OpenClose Releases “GFE Lockdown” for Enhanced Editing Features in Its Loan Origination Software That Greatly Improves GFE Accuracy
Continuing Ed for Title Agents
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