FHA Numbers Indicate Foreclosures Will Rise
From AOL Daily Finance: Real Estate News
The percentage of mortgages backed by the FHA that are in default has risen by a third over the last year. According to a report in The Washington Post, “About 9.1 percent of FHA borrowers had missed at least three payments as of December, up from 6.5 percent a year ago, the agency’s figures show.”
Many of the troubled mortgages were granted in 2007 and 2008. Mortgages that are two to three years old apparently carry especially high risks of default because of the high number of loans made during those years to people with extremely low credit scores.
The report adds to the confusion about the direction that the housing market is heading in 2010. RealtyTrac recently reported that forecloses this year may hit 3 million, up from 2.8 million last year. When the company released December 2009 data on January 13th, James J. Saccacio, chief executive officer of RealtyTrac said, “In the long term a massive supply of delinquent loans continues to loom over the housing market, and many of those delinquencies will end up in the foreclosure process in 2010 and beyond as lenders gradually work their way through the backlog.”
Government data showed that home starts fell 4% in December, but building permits rose. The choppy federal data, which can change direction month by month, has been a hard set of indicators to use to forecast the real estate market in terms of sales and home prices.
The housing market’s future will continue to be plagued by unemployment and over-leveraged consumers, and pressure will also be put on home prices by owners who have underwater mortgages. Some of these mortgage holders may believe that there will never be any equity value in their homes and that they are better off turning their house keys over to the bank. In addition, a wave of $47 billion in interest only loans will reset to full payments this year, according to credit agency Fitch. A portion of these home buyers will not be able to make their new, higher monthly payments.
The FHA news only adds to the probability that 2010 will not be any better for the housing market than 2009 was.
Breast Cancer Support Group Forms in Qatar
Breast cancer support group launched in Doha
By Ourouba Hussein
From today’s Gulf Times
The first breast cancer support group in Qatar was launched yesterday with 25 survivors as members.
Qatar National Cancer Society (QNCS) chairman Sheikh Khalid bin Jabor al-Thani said at a press conference that the organisation has been working for the last 10 years to set up the group, which would provide support to patients “who are newly diagnosed with the disease”.
He explained that the 25- member support group included Qatari and non-Qatari survivors or those who are still under treatment.
Sheikh Khalid said that QNCS was preparing to host a scientific conference on cancer control in April.
“The organisation will also launch a campaign to combat cancer in women and increase awareness to promote prevention and treatment of this disease,” he said.
Wife of the US ambassador Ellie LeBaron, a leading supporter of the cause, observed that the group included women who had suffered breast cancer, in addition to a member of their families.
“The Cancer Survivors’ Group aims to raise awareness of the importance of early detection, which has a great impact on the success of treatment, as well as telling the newly diagnosed that they can fight it and succeed”, she said.
“Many of the women with breast cancer are looking for answers to questions about chemotherapy and radiation treatment, as well as the chances of recovery,” she said.
Breast cancer survivors in the group, spoke about their experiences with the disease and treatment and emphasised that the mental support they received played a major role in their healing process.
Brisk Morning at the Souq Al Waqif
“My husband hates shopping and hates the souks” said one of my friends, and my friend Grammy and I just grinned – any excuse for a trip to the souks, especially to introduce someone to our own particular joys. Early breakfast at the Beirut, walking here and there, finding small treasures and great pleasures, and ending up with coffee at the Cafe Tasse, which has divine Cafe Mocha with real whipped cream. It’s OK, I don’t have real whipped cream every day, just . . . have a problem resisting on those wonderful sunny winter mornings in the souks.
Some sights to share with you:
Dashing souk policemen on horseback, an early morning treat
The hardware souk, in the ‘guy’s souk area’, i.e. camping, hunting, fishing, falcons, hardware . . .
Falcon Hood Maker
Tiny little falcon hoods
The Law of the Harvest
A small group was huddled, talking about volunteer work, and how people are afraid to commit, when the duties are actually very light, and easily accomplished, then we drifted into giving generously . . .
“It’s called The Law of the Harvest” one of my favorite women popped in as I was trying to explain that when you give, open-handedly, give with your heart, it all comes back to you multiplied.
We all turned to her. “Remember the seeds? You sow the seeds and then it is multiplied?”
Of course! It’s so simple! Why didn’t I think of that?
Handbook for 2010
Thank you, Dear Friend, who sent this to me this morning 🙂
HANDBOOK 2010
Health:
1. Drink plenty of water.
2.. Eat breakfast like a king, lunch like a prince and dinner like a beggar.
3. Eat more foods that grow on trees and plants and eat less food that is manufactured in plants….
4. Live with the 3 E’s — Energy, Enthusiasm and Empathy.
5. Make time to pray.
6. Play more games.
7. Read more books than you did in 2009.
8. Sit in silence for at least 10 minutes each day.
9. Sleep for 7 hours.
10. Take a 10-30 minute walk daily. And while you walk, smile.
Personality:
11. Don’t compare your life to others. You have no idea what their journey is all about.
12 Don’t have negative thoughts or things you cannot control. Instead invest your energy in the positive present moment.
13. Don’t over do. Keep your limits.
14. Don’t take yourself so seriously. No one else does.
15. Don’t waste your precious energy on gossip.
16. Dream more while you are awake..
17. Envy is a waste of time. You already have all you need.
18. Forget issues of the past. Don’t remind your partner with his/her mistakes of the past. That will ruin your present happiness.
19. Life is too short to waste time hating anyone. Don’t hate others.
20. Make peace with your past so it won’t spoil the present.
21. No one is in charge of your happiness except you.
22. Realize that life is a school and you are here to learn. Problems are simply part of the curriculum that appear and fade away like algebra class but the lessons you learn will last a lifetime.
23. Smile and laugh more.
24. You don’t have to win every argument. Agree to disagree.
Society:
25. Call your family often.
26. Each day give something good to others.
27. Forgive everyone for everything.
28. Spend time w/ people over the age of 70 & under the age of 6.
29. Try to make at least three people smile each day.
30. What other people think of you is none of your business.
31. Your job won’t take care of you when you are sick. Your friends will. Stay in touch.
Life:
32.. Do the right thing!
33. Get rid of anything that isn’t useful, beautiful or joyful.
34. God heals everything.
35. However good or bad a situation is, it will change..
36. No matter how you feel, get up, dress up and show up..
37. The best is yet to come.
38. When you awake alive in the morning, be thankful for it.
39. Your Inner most is always happy. So, be happy..
Last but not the least:
40. Please Forward this to everyone you care about, I just did..
Thank You
At some hour, while I was sleeping, the blog hit 1M hits. Pretty cool, even though it is just a number.
AdventureMan said “how about if I take you out for dinner tonight to celebrate.”
(Thursday night is always date night. We always go out for dinner. He was being funny.)
But he reminded me that I used to thank my readers, and I haven’t done that for a long time.
Most of us who blog, and who continue blogging (it’s the continuing part that is hard work) blog because that’s the way God made us – he created us wanting to share the written word. For me, it’s sort of like thinking out loud, and many times I throw out ideas hoping to get other points of view to help me see things more fully, from more perspectives.
You, my readers, have given me unexpected points of view many, many times, and I thank you. Months after I write an article, you will read it and comment – and I read every comment. Thank you.
Coming soon, AdventureMan and I are starting a whole new adventure. I’m not so sure I am going to continue blogging. I won’t be living in an exotic country; I will be living a more normal American life, as a Grandmama. I know it will fascinate me, but I am not so sure you will find it all that interesting, LOL.
Again, thank you for your support and input these three years of blogging, and for finding me and my ideas and my fascination with current events much more interesting than I find myself. 😉
And, for those of you who always ask, yes, the Qattari Cat will be going with us, and yes, he is till with us (crying right now because AdventureMan has left for work and his heart is broken), I just haven’t taken a lot of photos lately because mostly he sleeps, and he looks pretty much the same.
Entertainment at the Woqod
There is nothing more boring than sitting in a gas station, waiting for your tank to fill, unless, of course, there is an SUV with a sun roof, full of adorable, raucous little boys with puppets. We were laughing our heads off.
Some of the photos are blurry because it’s night, and the puppets would not stay still – they were swirling and doing battle with one another. Every now and then the boys would come up and take a bow. LLOOOOOLLLLL!
Little boys are so much fun!
Arab Gulf? Persian Gulf? Games Cancelled
Islamic Solidarity Games cancelled over Gulf dispute
From BBC News
The first Islamic Solidarity Games were held in Jeddah in 2005
The Islamic Solidarity Games, due to be held in Iran in April, have been called off because of a dispute with Arab countries over what to call the Gulf.
The games federation in Saudi Arabia said the Iranian organisers had failed to address its concerns, particularly about the planned logo and medals.
These bear the words “Persian Gulf”, but Arab countries, who call it the Arabian Gulf, reject the term.
The games had been postponed in October in the hope of striking a deal.
The Islamic Solidarity Sports Federation (ISSF) in Riyadh said, after an emergency board meeting, Iran’s local organising committee “unilaterally took some decisions without asking the federation by writing some slogans on the medals and pamphlets of the games”.
Iran “did not abide by the rules of the Islamic Solidarity Sports Federation” and “did not follow the decisions taken by the general assembly of the federation at a previous meeting in Riyadh”, it said in a statement.
But Iran’s committee for the games disputed the decision.
“In spite of convincing arguments made to the ISSF executive committee, regrettably and without presenting any logical reasons, the ISSF committee decided not to hold the games with Iran as the host,” it said.
The games – which are meant to strengthen ties among Islamic countries – were first held in the Saudi city of Jeddah in 2005.
Iran has campaigned to ensure the body of water between Iran and the Arabian peninsula is known as the Persian, not the Arabian, Gulf.
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