News release: “The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24 percent of all loans outstanding as of the end of the second quarter of 2009, up 12 basis points from the first quarter of 2009, and up 283 basis points from one year ago, according to the Mortgage Bankers Associations (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 64 basis points from 8.22 percent in the first quarter of 2009 to 8.86 percent this quarter…The states of California, Florida, Arizona and Nevada continue to have a disproportionately high share of foreclosure starts, although the share has fallen slightly from last quarter. Those four states had 44 percent of all of the nations new foreclosures during the second quarter of this year, down from 46 percent in the first quarter.”
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Daily Archives: August 22, 2009
American Time Use Survey
New York Times “Sunday Business analyzed new data from the American Time Use Survey to compare the 2008 weekday activities of the employed and unemployed. The comparison may seem obvious, but differences in time spent by these two groups can be striking.” Graphic: How Different Groups Spend Their Day – “The American Time Use Survey… Continue Reading
European Central Bank: Monetary policy strategy in a global environment
Monetary policy strategy in a global environment, by by Philippe Moutot and Giovanni Vitale. European Central Bank, ECB, Occasional Paper Series No 106. August 2009. “This paper discusses the structural implications of real and financial globalisation, with the aim of drawing lessons for the conduct of monetary policy and, in particular, for the assessment of… Continue Reading
Consumer Reports: Patient satisfaction with PPOs driven down by administrative hassles
American Medical News staff. Posted Aug. 17, 2009: “The latest health plan ratings by Consumer Reports shows PPO members less satisfied than those who belong to HMOs, primarily because of poor scores for PPOs’ customer service and billing practices. Overall, 64% of the 37,481 readers surveyed said they were “very” or “completely” satisfied with their… Continue Reading
