Wednesday, March 28, 2012

"The Voice" propels NBC to nightly ratings win

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Source: http://news.yahoo.com/voice-propels-nbc-nightly-ratings-win-174201532.html

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Monday, March 26, 2012

Advantages Of Banner Advertising To Your Home Business ...

Many smaller businesses fail for starters cause or another, however subsequent some very basic assistance can make the likelihood of success much higher.This is a good reason why people group to difficult income creditors. Similar to most monetary businesses, this sort of people tend to be welcoming opportunities because doing so is helping these broaden and widen their total capital. Difficult money financial institutions realize that as a way to draw in as well as stimulate buyers, good investment rates and earnings has to be guaranteed and also offered. Being an entrepreneur, it really is rational that you simply try and place your investing along with means in spots where they are able to increase for the fullest extent.Think of your merchandise or product or service, and the way great the product quality actually is. No amount of advertising can alter something which is malfunctioning you aren?t inferior. An exceptional strategy is easier to promote, and may create far more sales. One of the most important tips for affiliate marketing is that revenue generated is not a one day process, it will require time for your site or blog to generate enough leads. There are programs that offer affiliate payouts for a lifetime. In a life time payout program, in case a visitor is referred by you, an individual continue to generate income from that particular website visitor irrespective of whether he revisits your web site. Moreover, if the referral links of your old posts are energetic, you will continue to get a payout. Make sure that every one of the content on your web or blogsite is search engine optimized. This way not only will the Adwords work for you, but also the researches will contain your web site. The more optimized your web content, the higher you will rank on the webpages, the more visitors you will possess. You can also earn from Let?s consider google adsense this way. Effective web site marketing is the primary of every online business method. Businesses around the world today enjoy web presence that enables entrepreneurs to reach to potential customers beyond geographical constraints.

For a lot of cheap car insurance web site owners, this is a great way to achieve some additional cash without really possessing for you to ?do? anything at all. All it entails is placing a commercial on the affiliate?s site. There?s no selling as well as promotion of any sort. The actual affiliate can just sit back and wait for the income to roll in. Despite the fact that affiliate marketer advertising have their own positive aspects, there are also a number of cons.For instance, the item owner has to talk about the revenue having an outside party.Automobile affiliate marketer makes use of unsavory means to bring customers to his internet site and then sell the merchant?s things, the product owner can also get to compete with performing a tiny damage handle on his status. The affiliate has to do thorough study on the product owner before agreeing to connection. To not do so could mean ending up with a vendor who refuses to pay commission costs or even packs up his organization and moves on with no informing any of his affiliates. This really is rare, on the other hand, and most merchants and affiliate marketers have a pleasant and also profitable enterprise arrangement.

Before many of us reveal the additional goldmines, you need to understand first what exactly a new B2B exchange agency is. It is an online-based exchange agency that can serve as an intermediary between clientele in making business transactions (specially business-to-business transactions, hence the word B2B applies). The idea allows an efficient conduct of transactions involving two transacting cheapest auto insurance quote Website marketing business online.

Although the key factor to the success of an business is appealing to customers, a suitable relationship using the customer and it is satisfaction raises the volume of organization all the more. Just as the ecommerce website design and plan is important so is CRM marketing for the accomplishment of an business. It will not only help you maintain a very good relationship with your customers by looking after his or her interests as well as details in addition to caring for their particular security, it assists to you to understand the market professionally which is extremely fruitful with regard to development of your organization.

One of many approaches that are utilised by the internet marketing providers is one to one. Here is the approach that drags the interest of the web users that are for the free car insurance quotes online information. These kinds of mainly comprises of Search engine optimisation as well as mailing. In case you have high page rank in result page with the search engine you will get much more visibility and this will result in attracting web users. One more approach is interest specific. Mainly for businesses it is important to market at the proper place for efficient marketing drive. The internet marketing and advertising services will simply submit advertisements at the correct place.

Source: http://www.promedianis.org/advantages-of-banner-advertising-to-your-home-business/

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Iraqi woman severely beaten in Calif. home dies

(AP) ? A woman from Iraq who was found beaten next to a threatening note saying "go back to your country" has died, and police are investigating the possibility of a hate crime.

Hanif Mohebi, the director of the San Diego chapter of the Council on American-Islamic Relations, said Shaima Alawadi was taken off life support Saturday afternoon.

"The family is in shock at the moment. They're still trying to deal with what happened," said Mohebi, who met with family members.

Alawadi, a 32-year-old mother of five, had been hospitalized since her 17-year-old daughter found her unconscious in the dining room of the family's El Cajon home in suburban San Diego on Wednesday, police Lt. Steve Shakowski said.

"A hate crime is one of the possibilities, and we will be looking at that," Lt. Mark Coit said. "We don't want to focus on only one issue and miss something else."

The daughter, Fatima Al Himidi, told KUSI-TV her mother had been beaten on the head repeatedly with a tire iron, and that the note said "go back to your country, you terrorist."

Addressing the camera, the tearful daughter asked: "You took my mother away from me. You took my best friend away from me. Why? Why did you do it?"

Police said the family had found a similar note earlier this month but did not report it to authorities.

Al Himidi told KGTV-TV her mother dismissed the first note, found outside the home, as a child's prank.

Alawadi's two sons and three daughters range in age from 8 to 17.

A family friend, Sura Alzaidy, told UT San Diego (http://bit.ly/GYbfB7) that the attack apparently occurred after the father took the younger children to school. Alzaidy told the newspaper the family is from Iraq, and that Alawadi is a "respectful modest muhajiba," meaning she wears the traditional hijab, a head scarf.

Flowers were piled on the doorstep of the home Sunday. A neighbor said the family had moved in only a few weeks ago.

The family moved to Southern California from Michigan, Alzaidy said. Alzaidy told the newspaper her father and Alawadi's husband had previously worked together in San Diego as private contractors for the U.S. Army, serving as cultural advisers to train soldiers who were going to be deployed to the Middle East.

Mohebi said the family had been in the United States since the mid-1990s. He said it was unfortunate that the family didn't report the initial threatening note.

"Our community does face a lot of discriminatory, hate incidents and don't always report them," Mohebi said. "They should take these threats seriously and definitely call local law enforcement."

El Cajon, northeast of downtown San Diego, is home to one of the largest Iraqi communities in the United States.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-03-25-Iraqi%20Woman%20Beaten/id-ba5ae912e64f4de4b4cebc46b229b85e

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Sunday, March 25, 2012

Can Credit Counseling Really Help?

If you have higher financial debt, and are in trouble, you?ve probably noticed the term ?credit counseling,? but would you know very well what it?s? Quite often this particular term can be used within the same phrase because credit card debt negotiation or even debt consolidation, but usually, it?s a completely various process. With consumer credit counseling, you?ll actually make use of an expert credit score counselor to repay your financial troubles within reduce, monthly payments that you can afford.

The folks most likely to require credit counseling are the ones who are getting unpleasant telephone calls through creditors, or whose accounts have gone to debt collectors. If you feel you might benefit from using a service such as this, make sure you read on to find out the best way to work with a consumer credit counseling organization.

Very first, you?ll need to be able to find a good credit guidance company, and never become a victim of one of the numerous credit counseling ripoffs which are available. Start by avoiding any kind of ads promising fast fixes for your credit history. There is no such factor. Instead, look for a reliable company that?s certified by Cccs Providers.

Next, you?ll need to meet with an expert credit score counselor, and provide them with all the details of your debt. Don?t attempt to leave something away simply because they will require the data in order to create the re-payment strategy created only for a person.

Now, you are able to sit back and allow your own expert credit score counselor to work for you. They will contact all of your lenders and tell them that you?re attempting to create a plan that will allow you pay away the money you owe. They are effective together all and organize a re-payment schedule that you could accept. Many times, they will be able to decrease your interest rates to be able to permit lower payments.

Some credit counseling services provide a debt management system. What is it? Rather than needing to maintain all of the obligations your self, you?ll have a choice of submitting one one time payment towards the consumer credit counseling service and they will get it done for you personally. One be aware associated with caution right here: there have been cases of the consumer credit counseling providers paying their client?s payments late, and if that happens, your credit score are affected for this. Understanding that, be sure to check out the company completely, through looking at referrals, prior to signing upward for his or her managing debt program.

What?s going to you pay for all of these types of services? An established Credit Counseling Support will only ask you for a small fee, around fourteen bucks monthly. If they?re requesting alot of cash in advance, they may not have access to your best intests in mind. End up being looking with regard to potenial scams.

It?s also wise to remember that working with a credit counseling support can perform some damage to your credit report. Nevertheless, the great will away consider the bad. In the end, it?s quicker to explain a genuine make an effort to get the financial situation so as than to explain a personal bankruptcy or a credit report filled with charge-offs.

For further Articles about Term Life Insurance, Check Out, LifeTheFinance a web site focused on personal finance related topics

Source: http://selfishyayun.com/can-credit-counseling-really-help/

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World News - Deadly clashes erupt after Egypt's Al-Masry soccer ...

By NBC News, msnbc.com staff and news services

Updated at 6:07 a.m. ET: CAIRO -- One?person was shot dead and?at least 18?others were?injured in overnight clashes between security forces and angry soccer fans in Egypt's Port Said, authorities said.

Supporters of Al-Masry were?upset because?their team?had been?banned for two seasons in the wake of the country's worst stadium disaster.

"Hundreds of angry fans clashed with military police after the decision was announced," one witness told Reuters.

Citing?the Al-Ahram newspaper, the BBC reported that?a 13-year-old boy died in hospital after being shot in the back.


NBC News reported that protests by Al-Masry supporters on Saturday also prevented thousands of workers from entering Port Said's investment zone.

The Egyptian Football Association (EFA) banned Al-Masry on Friday?following the pitch invasion that killed 74 fans last month. In that game, Al-Masry beat Cairo's Al-Ahly. However, some?fans were upset for what they said were obscene signs raised by Al-Ahly club fans.

Survivors of the stadium riot say men wielding batons, knifes, and fireworks streamed from Al-Masry stands and stormed the field to attack Al-Ahly fans, stabbing them, undressing them and tossing them off bleachers while the police looked on.

At least 74 people were killed and hundreds more injured when rival soccer fans in Egypt rioted after a match. NBC's Ayman Mohyeldin reports from Cairo.

The melee sparked days of street protests. Most of the dead were members of Ultras Ahlawy, a group of avid politicized soccer fans who have long enmity with the police. Ultras has played a key role in the uprising against Hosni Mubarak.

Egyptian prosecutors have?indicted several?top Al-Masry and security officials amid claims they conspired or were negligent during last month's violence.

'Shot dead'
The latest?clashes began late Friday and continued into early Saturday, witnesses said.

Military police fired shots in the air to disperse hundreds of soccer fans protesting outside the Suez Canal Authority building in Port Said.

"One was shot dead, in the back, and 18 were injured in the clashes, two of them are suffering gunshot wounds,"?a medical source said.

After soccer melee, Egypt learns tough lesson: Sharing blame

Earlier, the EFA said in a statement that Al-Masry's soccer activities would be suspended for the 2011/12 and 2012/13 seasons. The club would be reinstated to the Premier League in the 2013/14 season.

Port Said Stadium, where the stampede took place, would be closed for three years, the EFA said.

Hired thugs?
During the February pitch invasion, steel doors at the stadium were bolted shut, trapping fans trying to escape from the stands and dozens were crushed to death.

Many fans blamed the government for failing to send enough police to the stadium given the tense build-up to the match, and many believe the violence was started by hired thugs. At least 1,000 people were injured.

Prosecutors referred 75 people, including nine security officials in Port Said, to the criminal court on March 15 to face trial over the violence.??

NBC News' Ayman Mohyeldin, msnbc.com staff and Reuters contributed to this report.

More from msnbc.com and NBC News:

Follow us on Twitter: @msnbc_world

Source: http://worldnews.msnbc.msn.com/_news/2012/03/24/10837653-deadly-clashes-after-egypt-soccer-club-banned

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The Survival Value Of Oral And Written ... - Speaking Truth to Power

ORIGINAL ARTICLE (http://survivalblog NULL.com/2012/03/the-survival-value-of-oral-and-written-traditions-by-kb NULL.html)

The importance of keeping a curriculum in your plans

In a TEOTWAWKI (http://www NULL.survivalblog NULL.com/glossary NULL.html#TEOTWAWKI) community, the lifestyle would be more or less the traditional one known to all communities in all times, cultures, and epochs: survival maintenance. Work never ends because, in a traditional community, work is life. Gardening techniques, clothing styles, earthenware, cuisine, tools, art, tapestries, house construction, and all the rest are not ?pretty things? at all but artifacts that emerge from survival. They are pretty things when we see them as a Goth?s furry booties in a museum or an Algonquin head wrap in a roadside souvenir shop. Likewise, education is practical, a lesson with a purpose and not as a diversion, and the learning that does not further community welfare is a dangerous one. All effort either contributes to the community welfare or works against it. Learning programs are no different.

Even if cataclysmic events pass after a short time ? say, five to ten years only ? and we are able to re-enter the society we left with its food stores and water treatment facilities, that is a gap of time that needs to be filled diligently and productively. Children should emerge in a better frame of mind and worldview than if they had been left in the pre-cataclysmic modern public school system. Would your TEOTWAWKI school program do that? This is what the prepper-survivalist strives for: coming out of difficulty stronger, wiser, and looking upon challenges, however fearsome, with the same look that Aristotle described on a ?great man?: one who looks upon life the way an athlete looks upon a race.

The vital points of learning are in stories. Here are suggestions for designing an approach without electricity for any digital materials, cassettes, or videos. From the descriptions of TEOTWAWKI life that I have seen, it is difficult to imagine that your energy sources would be wisely spent on dvd or cd players, even for educational purposes. It?s likely going to be purposely selected tales and sing-alongs by campfire and candlelight from day one. A family or community must decide for themselves what is moral, good, bad, etc, in terms of reading material and because of the personal nature of that, I do not prescribe materials by name.

Reading the opening chapter of James Wesley, Rawles? How to Survive the End of the World as We Know It (http://www NULL.amazon NULL.com/gp/product/0452295831?ie=UTF8&tag=survivalcom-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0452295831), it is difficult to imagine that there will be much time for school learning concerns, at least in the beginning. In a real TEOTWAWKI scenario (is there any other kind?), most preppers and their children would find it difficult to focus on bookish pursuits. But eventually, if and when things settle down and preparations have paid off well enough that a small community can emerge and stabilize, life will have to go on and part of that maintenance is in the schooling of the young. It is what gives the idea that there is a future to work towards at all, for it would be equally difficult psychologically to go on with things if you and your family/community had the attitude that there would be no future.

Right thinking requires selecting right examples

If we accept that learning must be geared towards practical survival, and if we accept that stories can transmit good examples and ideals necessary to survival (fortitude, perseverance, self-restraint, charity, respect towards authority, etc), then we may infer that the selection of stories is crucial to preparing children to survive, which in turn helps us to survive.

The one in charge of learning (in the home or for a small community school) will have to act as censor in the selection of stories for telling or reading. Let?s not forget that the word comes from the Latin ?cencere?, which meant to give an opinion or assessment, to appraise. From the late-medieval period on it was used in ecclesiastical terms as ?censor? to mean a corrector or editor in the sense that what was printed was accurate and the stamp of approval was the word ?imprimatur? ? (fit) to be printed. The TEOTWAWKI teacher will have to know what is ?fit reading?. One of the disasters of modern education is the idea that children can be the creators of their own learning. Shall we allow them to create their own means of survival? We have been taught by mainline media to fear the word censor, but consider how often we as parents do this in practice: we censor what children eat, we censor the time they may be home or in bed by, we censor the language they may use towards their siblings, and so on. If we are willing to admit that a child?s outlook, temperament, and inclination are shaped in great measure by what is seen in the films and in print, then it follows that these things need censoring.

You have a limited amount of time to prepare the mindset of kids, to prepare by the age of ten or twelve in what Aristotle called ?khreston ethos? or a fitting outlook, what C.S. Lewis called ?just sentiments? ? the frame of mind that is conducive to working when cold and wet, learning for tomorrow ?just because it?s what we do?, accepting correction with humility, acquiring a fledgling sense of decorum, duty, and the like. Learning is not complete by this age but the basis upon which more advanced learning can take place is laid here. The mind at this age is the concrete slab foundation of the house and it had better be strong. If this is true generally in the comfy environment that we have at the moment, how much more true will it be in a perilous environment where the survival of everyone is contingent upon what notions are put into our children?s imaginations?

Stories ? the foundation of community

Stories, as education, were never for diversion. Today, myths are considered to be fanciful stories for entertainment from a na?ve past, but in fact they served as educational lessons to their original societies. ?Little Red Riding-Hood? was a tale to warn small children not to venture into the woods because in early-medieval times, that?s where roving Celtic bandits lived ? and kidnapped children that drifted too far afield. This is how a little Romano-Briton boy ended up an Irish shepherd for fifteen years; he later became known as Saint Patrick. The genealogies of many traditions are thought of as being overly-attentive to family trees but in a traditional community, genealogies are historical time-lines. With the Internet, parents have great access to all manner of stories new and old to collect, print, and even use now without any TEOTWAWKI. Parables, proverbs, fables, and legends (including adventure tales) transmit lessons about survival-conduct, wise decision making, and right perspective. Right-perspective is not about your ideological preference or your favorite -ism; it?s about survival within your retreat.

The material of a prepper?s home school or community school might be in pictures or words but it?s what the stories are about that counts. Many societies of more primitive peoples without a written language are known for their generosity and peaceful way of life, and don?t forget that at the time of Nazi Germany, Germans were the most literate nation in the world. Even at the most practical level, such as the Bushmen of Africa, there is an ?oral literature? without which they would have difficulty making sense of the world around them and their place in it. Consider collecting a list of stories (tales, books, etc) classified under value-headings, ex: about family life, community life, work ethic, and personal responsibility. The goal is moral living generally, for all the camping supplies and solar panels and chlorine tablets and jerked beef and heirloom seeds come to nothing if strife, dissent, and selfishness reign in your retreat compound. Daily stories help in some measure (depending on how well they are integrated with other tasks in the day) to keep order. It would be difficult to teach children to participate in a tight community structure while feeding them some random assortment of disconnected stories that go against communal living. When it comes to tight community living, where every person young, old, and in between is a vital cog in the daily operation of things, moral stories are as important as clean water and defense. If you see nothing in common between the traditional stories of the Tlingit in Alaska, the Sanskrit parables of the ancient Indo-European Aryans, the myths of the ancient Greeks, and the tales of medieval Slavs, then know that it is their survival as communities.

Written word, spoken word

Wars and disruptions in The Grid can be temporary. However, if a TEOTWAWKI scenario happens, it would likely endure for many years because the very nature of TEOTWAWKI is big, not small. After fifteen years of travel, living and working on four continents, it is my impression that the Amish in the United States have the most balanced or holistic system of education: letters and stories that enforce the social ethos. There is a similar community in Europe (and some other countries, including the US) called Bruderhof with many parallels in approach but they are not as numerous. A number of small eco-communities (often downplayed as ?communes? by the western technocratic media) have grown in Russia and in Germany, but because of their nature and principles, they are not on the internet. They all value stories and art as part of the mechanism of community health. Should there be second and third-generation TEOTWAWKI communities, and should they lose most writing skills, they would still stand stronger than others as long as they carry with them the necessary Moral ABCs to survive.

Don?t let reading dominate. Use voice. In your curriculum, include many oral response/ performance activities that follow stories. Having kids read aloud helps with communication skills generally, can remove some speech impediments, assists memory, and also encourages self-confidence. Have them identify connections with previous stories. Ask how they are related and how they are different. You might also combine a spoken story with art/drawing activities. Traditionally, music is also combined with stories, especially for younger kids. Music in many societies is the means to teaching correct grammar because children internalize rhythm more easily than rules. The use of songs has long been known to work well in foreign language acquisition. Rhyme in music and poems is also a natural feature of language learning because it is an analytical activity. Incidentally, many traditional (non- or semi-literate) communities that I have seen in my travels have rich musical traditions without instruments. Voice and melody are the important elements.

For those who would develop writing in the curriculum, there is no great rocket science to making comprehension/response activities into learning pedagogies. Anything read or listened to has the basic pattern:
-Comprehension
-Elicit the moral/lesson of it
-Connect or integrate it with previous stories or real-life experiences (physical, emotional, ethical, creative, etc.)
This process doesn?t change much in terms of essentials all the way up to college work, only in depth and complexity. For example, the standard parts of an analytical college essay are:
-Summary of the main ideas (What the facts are, what the deal is)
-Interpretation (What they mean, how to look at it)
-Proposal (What we should do next, new ideas)
And at the higher level of formal research projects, it becomes:
-Review of the literature
-Research methods and analysis of the data
-Results and applications
Create a similar template for any story at any age level.

Children and especially adolescents should be encouraged to contribute materials for the library such as writing original short stories and reflections, writing down their experiences, noting humorous episodes from their days, and ? importantly ? reading each other?s stories or telling them dramatically. Humor will be a vital component in TEOTWAWKI society. Kids should be encouraged to draw scenes of hope and joy wherever their imaginations can find it. Book-making (for what they write and draw) is another basic and rewarding skill that can be worked into the whole process. Ink-making, carving out a quill, paper making can also be part of the curriculum because these things might in fact be needed.

Select your library now. Even if you don?t have children, some in your community might. Your library collection should not be too big. If each family in a community had a small library, it would make for a sufficient sharing system all put together. The library should also be portable. Having a community does not guarantee that its members will have the luxury of remaining in one place settled down. You might need to go nomadic. This lifestyle should also be somewhere in your selected stories so children can relate to it should the need arise. There are plenty of stories from nomadic cultures that help young and old alike to comprehend the life of traveling.

Traditional societies that have survived so long in natural TEOTWAWKI conditions ? in Australia, Central Asia, South America, North America, Siberia, and many others right up to our day all share one thing in common with regard to the young: educating youth through stories that impart the values and character necessary to not only survival but constructive outlook and moral self-worth. It will be good for preppers to study something about existing communal groups that integrate traditional stories with living,. For example: kibbutz settlements, Amish communities, Eskimo reservations, monasteries, and other indigenous cultures around the world, both settled and nomadic, to glean information. ?In such communities, things are not done frivolously. What works is kept, what doesn?t work is discarded.

This is the course of literature. What we list as ?pretty things? are just artifacts of survival taken out of their survival context. Real literature is that which promotes survival. It can become pretty afterwards for future generations to look back on when they are in the position of enjoying the accomplishments that their forebearers (re)built.

Source: http://carolynbaker.net/2012/03/24/the-survival-value-of-oral-and-written-traditions-by-k-b/

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Saturday, March 24, 2012

BofA's renter plan may boost its bottom line

By John W. Schoen, Senior Producer

What do you do if you own more foreclosed homes than you know what to do with ?and there are more on the way?

In Bank of America's case, you might want to become a landlord.

The San Francisco-based lender said Thursday it's going to try out the idea of offering homeowners the chance to stay on as renters?as an alternative to seizing their properties in foreclosure. The plan would let those families stay on for as long three years.

''Our priority is designing a solution that helps our customer,'' said Ron Sturzenegger, Legacy Asset Servicing executive at?Bank of America in a statement. ''If this evolves from a pilot into a more broadly based program, we also see potential benefits from helping to stabilize housing prices in the surrounding community and curtail neighborhood blight by keeping a portion of distressed properties off the market.''

Converting families into rent-paying tenants after Bank of America seizes their homes would also help boost Bank of America's bottom line, in several ways.

Many of the homes Bank of America takes back sit empty and require upkeep until a buyer can be found, often at a fire sale price. Renting those homes back to their former owners would?also provide Bank of America with a new source of revenue and give the bank more time to find investors to buy the property, helping to avoid slashing the sale price as it works to clear a glut of unsold properties.

Bank of America stock, which was near $5 late last year, was up 2 percent Friday to $9.82.

The pilot program initially will be offered in New York, Nevada and Arizona to about 1,000 homeowners about to lose their properties after they agree to hand over the title to Bank of America. Rents, which bank officials say would be less than the former homeowners' monthly mortgage payment, would be set at market rates, based on independent estimates, according to a bank spokeswoman.

Homeowners won't be able to apply for the foreclosure-to-rent program; Bank of America said it will chose the initial round of potential participants and has already begun contacting some of them to make the offer.

Sitting on the housing market sidelines? Tell us your story

Bank of America will now offer customers facing foreclosure the option to rent their home, for less money than the mortgage. CNBC's Diana Olick talks about the program, which will be tested in New York, Nevada and Arizona.

The list of potential renters will likely be relatively short. Even if the pilot program is expanded, only about 10 percent of homeowners whose mortgages are owned directly by Bank of America would be eligible. Not included are the roughly 60 percent of Bank of America's loan portfolio held by Fannie Mae or Freddie Mac, the two big government-controlled mortgage companies. Families with mortgages that were sold off to investors or who have home equity loans would also not be included.

Because borrowers voluntarily agree to sign over their title, the program could also help Bank of America avoid any potential legal hurdles in cases where shoddy paperwork makes it difficult for the lender to prove it owns a mortgage and has a right to foreclose. ?In some states, increased scrutiny of those documents have slowed the pace of foreclosures. Nationwide, lenders completed some 860,000 foreclosures last year, down from 1.1 million in 2010, according to CoreLogic.

Even with the slowdown, mortgage lenders like Bank of America have accumulated a huge backlog of unsold houses. Five years into the worst housing collapse since the Great Depression, that inventory of seized properties continues to weigh on the housing market and on the price of every house Bank of America tries to sell.

Last month, one in five homes sold in the U.S. were foreclosures, according to the National Association of Realtors. Another 15 percent were "short sales" - in which lenders like Bank of America agree to let a homeowner facing foreclosure sell the house for less than they owe.

The foreclosure pipeline, meanwhile, continues to fill, pushing more distressed properties on the market. Last month, the total supply of unsold homes for sale rose 4.3 percent to 2.4 million, or about a 6.4-month supply, according to the NAR. ?Housing economists figure supply and demand are roughly in balance with that much inventory.

But there are another 1.6 million homes in the foreclosure pipeline that have yet hit the market, according to CoreLogic, which tracks this so-called "shadow inventory."

"Almost half of the shadow inventory is not yet in the foreclosure process," said Mark Fleming, chief economist for CoreLogic. in a statement "Shadow inventory also remains concentrated in states impacted by sharp price declines and states with long foreclosure timelines."

Some 800,000 homes are owned by families that are more than three months behind in their payments, another ?410,000 are in some stage of foreclosure and 400,000 have already been seized by banks but not yet listed for sale. Fannie Mae plans to auction off 2,500 foreclosed homes next month and expand those sales later this year.

The impact of those yet-to-be listed houses will be felt most severely in just a handful of states where foreclosure are most concentrated:? Florida, California and Illinois account for more than a third of the shadow inventory, according to CoreLogic data. The top six states, which also include New York, Texas and New Jersey, account for half of the shadow inventory.

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Source: http://economywatch.msnbc.msn.com/_news/2012/03/23/10829814-bank-of-america-renter-program-could-help-its-bottom-line

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