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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Travis_Bickle who wrote (124944)	5/23/2008 9:33:29 AM
From: Jim McMannis	Respond to of 306849

Municipal Yields Decline to Three-Month Low as `Sanity' Returns bloomberg.com May 23 (Bloomberg) -- U.S. municipal bond yields fell to the lowest in three months as ``sanity'' returned to the tax-exempt market following the auction-rate rout, helping borrowers escape from interest costs as high as 20 percent. The benchmark Bond Buyer 20 index of yields on long-term tax-exempt debt fell to 4.52 percent this week, the lowest since Feb. 14. Rates declined from a high of 5.11 percent on Feb. 28, when investors abandoned the $166 billion market for municipal bonds whose yields are set through periodic auctions. State and local governments spent the last three months replacing the debt. While yields on 10-year municipal bonds are 0.21 percentage point less than Treasuries of similar maturity, they were 1.17 percentage points less last June, according to Bloomberg indexes. Municipal bonds typically yield less because, unlike Treasuries, investors don't pay income tax on their returns

To: Travis_Bickle who wrote (124944)	5/23/2008 9:44:45 AM
From: Jim McMannis	Respond to of 306849

Woman loses job, burns down house for money blogs.tampabay.com TAMPA -- A Tampa woman was accused Tuesday of burning down her home to get money from her insurance company. Mia Gayshonne Dix (left), 37, was arrested on felony charges of arson and burning to defraud an insurance company. Authorities said she set fire to her home Dec. 21. It had gone into foreclosure, and she couldn't afford the mortgage after losing her job. "There's basically a confession that she burned her house down because she lost her job," Assistant State Attorney Linda Grable said in court this morning. The prosecutor didn't know whether the insurance company had paid the claim. A judge granted Dix $10,000 bail.