Not Good News: More Foreclosures in USA
U.S. home foreclosures set another record in July
Thu Aug 13, 2009 12:11am Reuters
By Lynn Adler
NEW YORK (Reuters) – U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.
Foreclosure activity jumped 7 percent in July from June and 32 percent from a year earlier as one in every 355 households with a loan got a foreclosure filing, RealtyTrac said on Thursday.
Filings — including notices of default, auction and bank repossession — have escalated with unemployment.
“July marks the third time in the last five months where we’ve seen a new record set for foreclosure activity,” James J. Saccacio, RealtyTrac’s chief executive, said in a statement.
“Despite continued efforts by the federal government and state governments to patch together a safety net for distressed homeowners, we’re seeing significant growth in both the initial notices of default and in the bank repossessions.”
More than 360,000 households with loans drew a foreclosure filing in July, a record dating back to January 2005, when RealtyTrac started tracking monthly activity.
Notices of default, auction or repossession have reached nearly 2.3 million in the first seven months of the year — with more than half a million bank repossessions, the Irvine, California-based company said.
Making timely payments keeps getting more harder for borrowers who have lost their jobs or seen their wages cut.
The unemployment rate is 9.4 percent and President Barack Obama has said he expects it will hit 10 percent.
Obama’s housing rescue is gaining traction in altering terms of loans for struggling borrowers, but slowly.
Earlier this month the U.S. Treasury Department detailed the progress of the top servicers in modifying loans and prodded them to step up efforts to stem foreclosures.
SUN BELT STILL SUFFERING
States where sales and prices surged most in the five-year housing boom early this decade remain hardest hit.
California, Florida, Arizona, Nevada accounted for almost 57 percent of total U.S. foreclosure activity in July.
Illinois had the fifth-highest total filings, spiking nearly 35 percent from June, in an example of how moratoriums often delay rather than cure an inevitable loan failure.
Default notices spiked by 86 percent in July, from artificially low levels the prior two months. A state law enacted on April 5 gave delinquent borrowers up to 90 extra days before foreclosure started, RealtyTrac said.
Michigan’s foreclosure activity fell 39 percent in July from June, mostly due to a 66 percent drop in scheduled auctions. A state law that took effect July 6 freezes foreclosure proceedings an extra 90 days for homeowners who commit to work on a loan modification plan.
Other states with the highest foreclosure filing totals last month included Texas, Georgia, Ohio and New Jersey.
Nevada had the highest state foreclosure rate for the 31st straight month, with one in every 56 properties getting a filing, or more than six times the national average.
Initial notices of default fell 18 percent in the month, with a new Nevada law taking effect on July 1 requiring lenders to offer mediation to homeowners facing foreclosure. Scheduled auctions and bank repossessions each jumped more than 20 percent, however, boosting overall foreclosure activity in the state by 4 percent from June.
California, Arizona, Florida, Utah, Idaho, Georgia, Illinois, Colorado and Oregon were the other states with the highest foreclosure rates.
(Editing by Kenneth Barry)
Things are turning around in the USA, but these foreclosures were already in the pipeline, and more are coming due principally to people borrowing more money than they could really afford, and people who have lost jobs and can no longer pay their mortgage.
Now I am going to sound like your MOTHER: Do not take an adjustable rate mortgage. Fix your credit, get a good score, and take the very best 15 or 30 year FIXED mortgage you can get, and before you buy, make sure that you figure taxes and insurance as well as the monthly mortgage and interest when figuring your monthly payment. Make sure you can still eat, and have a little left over for emergency car repairs. It is so much better to live in a house that you can afford than to lose everything you have invested in a house you can’t afford.
If you get into trouble, talk to your lender right away. Lenders do not want to foreclose; it is in their interest as well as your own to find a way to allow you to reduce payments for a while to keep the relationship on track. There is some flexibility. Negotiate.
Qatari Divorcees and Widows More Likely to Marry
This caught my eye for a couple reasons – one of which is that Qatar has the second largest divorce rate after Kuwait. Second, while it is mentioned in the article, it is not mentioned at the end that the women have other options in Kuwait and Qatar, are more able to care for themselves financially, and are not bound to stay in unhappy marriages for reasons of financial dependency.
It is delightful to think that one unhappy marriage while young will not doom a still-young woman to a life of celibacy. 🙂
More Qataris tying the knot with divorcees and widows
Web posted at: 8/11/2009 2:41:41
Source ::: The Peninsula / By MOHAMED SAEED
DOHA: Qatar has the second largest divorce rate in the Gulf region after Kuwait, but a welcome development has been that now an increasing number of citizens prefer to marry divorcees and young widows.
Qatar being a conservative society, marrying divorcees and widows has been a taboo of sorts.So, since the largest number of divorcees is in the age group of 20 to 29 years, their remarriage is a healthy sign.
In 1986, for example, divorcees under 20 years of age accounted for 15 percent of the total. Their proportion has been declining and was down to 6.4 percent in 2007.
Studies conducted by the Permanent Population Committee (PPC) show the number of marriages breaking up in the country has risen from just 308 in 1986 to nearly a 1,000 in 2007.
And although the population of locals has also gone up in this period, the rates of marriage and divorce have risen at a larger rate than the population increase.
It is also interesting to note that nearly 85 percent of weddings ending into divorce are first marriages. In other words, a husband taking a second, third or even fourth wife has never been the cause for a wedlock to end.
With women having increasing access to education and employment, the number of married Qatari females asking for divorce (‘khula’ in Arabic) has been on the rise. The share of such divorces in the total is on an average between 16 and 23 percent.
The studies note that financial independence of educated women has much to do with the rise in the phenomenon.
And as for male citizens marrying young divorcees and widows, the number of such marital knots had increased to nearly 300 in 2007 as compared to barely 29 in 1986.
Among the Arab countries, Egypt and Syria have the lowest divorce rates, suggest the studies.
They point to erosion of social values, modern living, fading influence of families, as the major factors behind the rising incidence of divorce in Qatar.
Whoda Thunk? People Get Happier as they Age
I never dreamed it when I was younger. Who would want to be OLD? Having nice tight little bodies is fun, right? Even if you have to pay the price of worrying all the time about maintainence, LOL!
As it turns out, people get happier as they get older. Whoda thunk it?
People ‘get happier as they age’
From BBC Health News
Older people appear better able to control their emotions
Most people get happier as they grow older, studies on people aged up to their mid-90s suggest.
Despite worries about ill health, income, changes in social status and bereavements, later life tends to be a golden age, according to psychologists.
They found older adults generally make the best of the time they have left and have learned to avoid situations that make them feel sad or stressed.
The young should do the same, they told the American Psychological Association.
Ageing society
The UK is an ageing nation – in less than 25 years, one in four people in the UK will be over 65 and the number of over-85s will have doubled.
And it is expected there will be 30,000 people aged over 100 by the year 2030.
According to University of California psychologist Dr Susan Turk Charles, this should make the UK a happier society.
By reviewing the available studies on emotions and ageing she found that mental wellbeing generally improved with age, except for people with dementia-related ill health.
Work carried out by Dr Laura Carstensen, a psychology professor at Stanford University, suggested why this might be the case.
Dr Carstensen asked volunteers ranging in age from 18 to mid-90s to take part in various experiments and keep diaries of their emotional state.
She found the older people were far less likely than the younger to experience persistent negative moods and were more resilient to hearing personal criticism.
They were also much better at controlling and balancing their emotions – a skill that appeared to improve the older they became.
TIPS FOR A HAPPY OLD AGE
Envisage ways to thoroughly enjoy the years ahead and imagine living to a healthy and happy 100
Design your life and daily routines to reinforce this goal
Don’t put all your “social” eggs in one basket – invest time outside of your family and career too
Dr Charles explained: “Based on work by Carstensen and her colleagues, we know that older people are increasingly aware that the time they have left in life is growing shorter.
“They want to make the best of it so they avoid engaging in situations that will make them unhappy.
“They have also had more time to learn and understand the intentions of others which helps them to avoid these stressful situations.”
Dr Carstensen said the young would do well to start preparing for their old age now.
This includes adopting a healthy daily routine and ensuring some social investment is spent outside of the workplace and family home.
Andrew Harrop, head of public policy at Age Concern and Help the Aged, said the findings were encouraging.
“For many people, older age and later life is often looked upon with dread and worry.
“Far too many younger people assume that getting older is a process that will inevitably mean sickness, frailty and lack of mobility and greater dependence. However, this is far from the truth in very many cases.
“Many older people lead active, healthy lives enriched by experience and learning.
“This positive advantage can be brought to bear across so many aspects of daily life which – in turn – hugely benefits our ageing society.
“It’s vital that there is growing acceptance that just because someone is getting older, it doesn’t mean they no longer have a significant contribution to make.
“This study is one of many which shows that later life can be a enormously positive experience.”
Think Pink Walk October 30th
This is what I love – advance planning and advance notification so I can mark my calendar now and look forward to the walk on October 30th. Not only that, I can tell all my friends, so they will be there, too. This is a grand event, a great way to exercise and show support for a worthy cause at the same time.
Women all over the world die because they are afraid to talk about breast cancer, afraid they will be shunned, afraid they will be treated as damaged or inferior. Fear can kill us. Silence can kill us. Supporting one another and encouraging one another can be part of the coping process and the healing process.
Please – mark your calendars, too. I want to see you there.
Breast cancer support group gears up for annual event
Web posted at: 8/9/2009 2:57:6
Source ::: THE PENINSULA
DOHA: Think Pink Qatar, a Doha-based support group for breast cancer patients and survivors, has set the ball rolling for upcoming events it will be organising.
Drawing approximately 30 volunteers to an organisational meeting yesterday, the group initiated the process for one of its major annual events, the Think Pink Breast Cancer Walk of Life. Due to take place on the evening of October 30 at the Corniche, volunteers have been mobilised to make the event as much of a success as last year’s event.
The recent meet will lead up to other events the support group will be undertaking in September and October include a Pink-Out Day at schools, the Think Pink Benefit Gala, a Pink Hijab Day, and Proctor and Gamble sponsorship. There will also be a Harley Davidson Women’s Ride for Life, organised by Margarita Zuniga, courtesy of the Harley Davidson’s Women’s club.
Due to growing interest from community members, Think Pink Qatar is organising its 1,000 plus volunteers and members into a coherent line-up in time for event. “Today’s meeting is to start organising for this event, as many have volunteered, and we have now found it necessary to devise teams, covering sponsorship, music, event planning,” said Karen Al Kharouf, Founder of Think Pink Qatar. “Because the group has grown from 200 to 1,000 members, there is the need for consistency and a centralized system.”
More volunteers are hoped for, to take the currently part-time organisation full–time, and to add to numerous out-reach programmes the group currently runs. This includes adding more to the survivors groups, and the Pink Candies, a group of older teenagers who provide morale support for breast cancer sufferers. Al Kharouf underlined the need to create greater awareness in Qatar, as many women dislike talking about the disease, hence its high death rate.
PS: I see Peninsula says the walk is on the 30th, Gulf Times says it is on the 31st. Hmmm. . . .
Amjad Thai Snack on Merqab al Jedeed
AdventueMan and I have different preferences dining out. Actually, I don’t even care that much to go out, I totally loved Kuwait’s system, everything and anything can be delivered. That worked for me! AdventureMan likes to go out, sit, enjoy his dinner, have a relaxing experience.
He doesn’t like Amjad Thai Snack, but he does agree with me that the food is outstanding. Our agreement is this – If I go get the food, he will gladly eat it, but he doesn’t want to go there.
The food is amazing. The place is a dive.
Six years ago, Thai Snack was just that – a few tables and chairs outside a Thai Massage Parlor on Merqab, closer to the C Ring Circle than the D Ring. It used to be you always knew where it was because they had these neon signs of massages. One of the massage signs started out slow and got faster and faster and then when WOW! POP! Sparkles-all-over! We would take people down to watch the signs at night, they were so funny. Finally, I am guessing someone else figured out that they had ambiguous sexual overtones, and the neon signs are no longer there.
I think the massage parlor is still there, but the success of Amjad Thai Snack has just grown and grown. It grew to one inside serving room, then two, then three. It’s nothing fancy. No tablecloths, you get your own flatware from bins on the table. Your waiter takes your order and then you take a chit that has your table number on it to the cashier to pay before you leave. They really have an efficient, high tech system for a very low tech kinda joint.
Did I mention the food is amazing?
The first night AdventureMan agreed to take me there, we had to wait about 45 minutes to get in, on a hot, steamy night in Doha, crowded in with all the other people waiting to get in, crowded more by those coming in to pick up their orders. Amjad Thai Snack does BIG business.
The noodle soups are easily enough for a meal for two people, and enough for a first course for four.
Shrimp Noodle soup:
Fish with Spicy Basil:
Fish with Spicy Basil served over rice:
Other dishes can be split and shared. It’s part of my family tradition – growing up on the West Coast of the USA, great and authentic Chinese / Japanese / Vietnamese /Korean cuisines available everywhere, it was the fast-food I grew up on. Our extended family would get together in a restaurant and everyone would order one dish – maybe 26 – 30 dishes coming around the table, and you were encouraged to try anything. One of my joker cousins would order something gross and we would all try it.
It’s not AdventureMan’s thing, although he likes it well enough. His preference would be to eat Chinese in a nice hotel where he can get a beer with his dinner, but most of the hotel Chinese food is too dumbed-down for me.
Amjad Thai Snack is not dumbed down. The Fish (or Chicken, or beef, or seafood, if you prefer) in spicy basil sauce is delicious. Their curries are delicious. They have wonderful appetizers, wontons and buns. They do hot pots that serve a table of four to eight. Their noodle soups are divine. They are so well packed that not a drop gets spilled on the trip home.
You can call your order ahead and it will be waiting for you when you get there. Parking can be a problem, but if you get there before 7:30 pm, you should be OK. You can often find parking across the street, too.
Last , but not least, if you can read the menu, and I apologize that it is small, you will notice it is all correctly spelled and grammatically correct. This is an amazing advancement in six years. We used to find things on menus in Doha that totally mystified us, and when we would ask, the answers would also mystify us. Not anymore. 🙂
Best Birthday Present(s) Ever
Our son kept asking if his card had arrived, meaning the card for AdventureMan’s birthday. When it arrived, a sonogram was inserted, our first photo of the long-awaited-babe yet to be born.
This week, another thrill – Sent from our son’s i-phone, the sound of this baby’s heartbeat. I think this baby will have a bent toward music, like his father. This baby doesn’t have a Bangles heartbeat, s/he has a heavy metal heartbeat.
The Fingerprint Factory
Drama Drama Drama. It used to be the last dreaded event before getting your residence. You had to have fingerprints taken and it was in this big mob-scene, huge mobs of people and hot hot hot, no air, and the ink was HORRIBLE, and even if you brought your own soap and washed right away, you still had ink under your fingernails for days. It was a hellish experience.
Today was the day. It started with drama – when I got to where I was supposed to be at 10:10, the receptionist told me I was supposed to be there at 9:30, I had missed my appointment. I was really sure my husband had told me my appointment was at 10:30, so I waited while she called, and it was one of those experiences where she was NOT happy being wrong, and I got to sit out in the not-air-conditioned hall to wait for my group to go.
When my group got to the fingerprint place, there was no mob. There WAS more drama. There was only a very nice be-thobed gentleman who said that the fingerprint computer was broken. It was broken yesterday, and they got it working again this morning until 9 o’clock, but now it is broken. I asked “how long until it is fixed?” but it was one of those insh’allah things, no one knows how long it will take to get the system up again. We would have to come back tomorrow.
And then, just as we were walking out the gate back to the van, he called to us “Come back! Come back!” The fingerprint machine was working again.
Inside, it was orderly and air conditioned. Take a number, take a seat. Wait your turn. Very cool, watching people’s fingerprints, handprints, etc show up in huge prints. If there was any blur, the machine showed red – like a red thumb – and it had to be done over again.
For some reason, I had to have several done over again. I don’t know if it was me, or if the machine was just finicky. All I know is that the system was up long enough for me to get my fingerprints taken, and there was NO mess. None. Wooo HOOOO.
I still have my old Qateri driving licence. I am praying – please keep me in your prayers – that they will just renew it and I won’t have to take a road test on the roads of Qatar. Although – after driving in Kuwait – I can drive anywhere. 😀
Happy Birthday, Mom
“You make me sound so OLD!” my Mother scolded me, when I wrote about how she was 85 years old and still living on her own. Mom keeps active. She can’t do all the things she really wants to do – travel, mostly – because she can’t manage a heavy bag or standing too long – but she keeps up her own place, fixes her own meals, goes out with friends, exercises, makes and keeps her own appointments. We should all be so fortunate, when we hit our 80’s.
(This is not my Mother’s birthday cake, but when I looked up cakes I found this on Kay’s Cakes.com and knew it was a cake my Mom would love, if she loved cake. Actually, she loves Lemon Meringue Pie, and that is what she really had at her birthday party.)
My younger sister has shown her a couple really nice places where she could have more assistance on a daily basis, beautiful places with activities and transportation for elders.
(I can already hear her wincing at using the word ‘elder’)
She doesn’t want to be surrounded by old people. She stays young by being as active as she wants to be.
She has signed up for a three-day mini university course at a nearby university, where they use the college facilities during the summer months to offer interesting mini classes. One of the four classes that she has signed up for is Early Islamic Spain. I’m impressed, Mom.
She keeps up with the news, sends me clippings, reads books we tell her are worth reading, and keeps up with her friends. She is good at managing her money, and researching her investments. She does better than most women half her age.
Happy Happy Birthday, Mom, and many more to come.
Sharing Your Faith in Qatar Gets Leader Deported
I heard a very strange tale and while there is nothing in the paper about it, I wonder where the truth lies. This week, the leader of the local Phillipine evangelical church (I don’t know the exact name) and his wife and three daughters and grandson were visited by the CID one morning and told that they had to be out of the country by night, that they needed to go back to the Phillipines. The person who told me could not imagine what might have caused this.
These are good people, she told me, and we are just about to do a performance about Joseph and his dreams, and his wife was making the costumes.
I thought about it, and said that well, it is an evangelical church, meaning you seek actively to bring souls to Jesus, and it is forbidden by law, in Qatar, to share our faith with Moslems. Is there any chance he was trying to convert Moslems?
She told me that people attending the church were expected to bring visitors, and that when visitors came, they were welcomed to the front of the church, where they were baptized.
I was horrorified. “Do they have any understanding of what is happening?” I asked her, and she replied no, and that most of the baptized visitors never come back. But, she added, the director still gets credit for all those baptisms, and his statistics look pretty good when he reports back to the church in the Phillipines.
In addition to her tithe (Christians are supposed to give 10% of their income to the church and charities) she said members of the congretation were tasked extra monies to pay the rent on the villa, to pay for food and travel of visitors who stayed there, etc, and she said it put a great burden on those who didn’t have sufficient income to contribute the extra. She said it wasn’t a voluntary contribution; if you didn’t contribute the extra, it was like you weren’t really a part of the church.
Last weekend, among those baptized, was a new Nigerian Moslem family who had been invited to visit. I can only imagine how I would feel, visiting a church, invited to the front to be welcomed, and then receiving a baptism I neither asked for nor wanted. I would never come back, but if I were Moslem, I might be horrified enough – and angry enough – to report it to the authorities. To me, at the very least, it is disrespectful.
There may be more to this story than the few details I was given. I expect the entire story is fascinating.
Residence
We all know the drill, the expat drill we all go through to become residents. Residency is not something to be sniffed at, if you don’t have it, really bad things can happen.
So today was the day I needed to get my medical exam. What a difference from the last time, six years ago.
Six years ago, we went to an old, dilapidated hospital in the center of town with terrible parking. There were long lines in the hot sun everywhere. I don’t remember there being any air conditioning. What I do remember is walking down a hallway littered with the used cotton balls people had discarded after having their blood taken for the blood tests. I was nearly ill – blood carries diseases, and here were these bloody balls all over the floor.
When it was my turn to have my blood taken, the women who took my blood – six years ago – was eating salted pumpkin seeds. I saw the thought cross her mind that she ought to put on the gloves, right there in the box on her desk, but if she did, she couldn’t continue munching, so she decided not to. I watched her take a fresh needle – I was saving my protest to insist on a fresh needle had she decided she could re-use an old one. I choose my battles.
I closed my eyes and prayed. She did OK, she got the blood she needed and was still munching on the pumpkin seeds as I left to go get my X-ray.
In the X-ray room there were all these women in USED hospital gowns, one would take one off and the next woman would put it on. I had been warned to bring a white T-shirt, and that would be acceptable, which it was. There was no dressing room, just one big changing room.
I couldn’t get out of there fast enough.
Fast forward six years – new, modern air conditioned medical facility outside the city with lots of parking. I’m already feeling more positive, although I do have my clean T-shirt. The phlebotomist is in a white jacket, clean and neat, and is supplied with all kinds of sterile supplies. The blood work takes maybe 30 seconds, thanks be to God, because I am a little squeamish about people taking my blood, and one time, I even fainted, but just for a few seconds. Not this time – it was over before I could even get too worried about it.
The X-ray was orderly, and there were stacks and stacks and stacks and bags of clean gowns, and even three fairly clean changing rooms. I still wore my own T-shirt, since I had it. The only thing that bothered me was that there were bins to put the used gowns when the X-ray was finished, but the women tossed them on the floor! There is a part of me that almost picked them all up and put them in the bin, but they called my name just as I was about to do it.
The process was so orderly, so painless this time! And, God willing, soon I will be a legal Qatar resident and even, soon, insh’allah, a legal driver. I still have my old Qateri driving license, it will just need to be renewed. (I also have my 10-year Kuwait license, because in expat world, you just never know. I also have my lifetime German driving license because in expat world, you just never know. And I have my stateside driver’s license to take care of me there. 🙂 )
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