latimes.com - 7/4/2009
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Reporting from Washington -- Just as the nation's housing market has begun showing signs of stabilizing, another wave of foreclosures is poised to strike, possibly as early as this summer, inflicting new punishment on families, communities and the still-troubled national economy. Amid rising ...
calculatedriskblog.com - 7/4/2009
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calculatedriskblog.com —
From Don Lee at the LA Times: Another
wave of foreclosures is poised to strike Just as
the nation's housing market has begun showing signs of stabilizing, another wave of foreclosures is poised to strike, possibly as early as this summer, inflicting ...
(more)
LA Times: 'Another wave of foreclosures'
chicagotribune.com - 7/6/2009
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chicagotribune.com —
WASHINGTON - -- Just as the nation's housing
market has begun showing signs of stabilizing, another wave
of foreclosures is poised to strike, possibly as early as this summer, inflicting new punishment on families, communities and the still-troubled ...
(more)
Home foreclosures expected to surge in coming months -
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LA Times: 'Another wave of foreclosures'
Calculated Risk —
From Don Lee at the LA Times: Another wave of foreclosures is poised to strike Just as the nation's housing market has begun showing signs of stabilizing, another wave of foreclosures is poised to strike, possibly as early as this summer, inflicting new punishment on families, communities and the still-troubled national economy. ... Just how big the foreclosure wave will be is unclear. But loan defaults are up sharply. ... rising foreclosures will depress home values, pushing more homeowners underwater. Mark Zandi of Moody's Economy.com estimates that 15.4 ...
Sunday morning links
The Mess That Greenspan Made —
... sugar rush for insolvent banks that deserve to fail - Telegraph • Trichet Says Deflation Risk Has Yet to Materialize in Europe - Bloomberg • Australia Faces the ‘Full Brunt’ of Global Recession - Bloomberg • Venezuela assumes control of Spanish-owned bank - AP • Dubai Shares Tumble Most in a Week on Oil - Bloomberg • Europe Tests Banks, and Worries - NY Times HOUSING • Mortgages Made Simpler - NY Times • Another wave of foreclosures is poised to strike - LA Times • So Many Foreclosures, So ...
July 4th Weekend Linkfest!
The Big Picture —
... Real Estate
• So Many Foreclosures, So Little Logic (NYT)
• Zero Down Is a Foreclosure Factor (Duh)
• Cracked Houses: What the Boom Built (WSJ) EZ credit + Unscrupulous Builders = Falling apart new houses
• Negative Equity + Subprime = Default (NY Fed)
• Thaler on Mortgages Made Simpler (NYT) The behavioral economist on how to avoid another mortgage meltdown
• Another wave of foreclosures is poised to strike (LA Times) ...
Pass the Knife
Irvine Housing Blog —
... Remember, It’s not the Borrowers; It’s the Loans.
Many people would like to sell to cut loose of the mortgage payments they cannot maintain. As long as the market has owners in this situation, there will be pressure to sell and excessive home inventory. We are not seeing this inventory yet for reasons discussed on many occasions (most recently in The Lenders Are the Market), but this inventory is on its way. (see also this article in the LA Times: Another wave of foreclosures is poised to strike)
Loan modifications have failed to make a ...
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California State Budget - Los Angeles Times
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