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Foreclosure Crisis

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calculatedriskblog.com - 8/7/2009

Foreclosures: One Giant Wave, Still Building

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From Matt Padilla at the O.C. Register: Foreclosure wave gathers momentum “To say there is a second wave implies the (current) wave has receded,” [Sam Khater, senior economist, First American CoreLogic] “I don’t see that the wave has receded.” Click on graph for larger image in new window.  ...

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mortgage.freedomblogging.com - 8/6/2009

Foreclosure wave gathers momentum

— mortgage.freedomblogging.com — (Update: More explanation on second-wave theory.) There is no second foreclosure wave coming, says Sam Khater, senior... economist, First American CoreLogic. “To say there is a second wave implies the (current) wave has receded,” Khater told ... (more) Foreclosure wave gathers momentum

Stocks

Foreclosure Crisis

Comments vote downundo vote up Calculated Risk found this 8/6/2009found this

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hf-implode.com - 8/13/2009

The Next Wave of the Financial Crisis Is Coming (And Why)

— hf-implode.com — We are persuaded that the government is waiting for the next wave of failures, or some exogenous... event of catastrophic proportion, to provide their rationale to take new aggressive action. But while the financial oligarchy is in control of the men in power, we doubt that these will be the ... (more) The Next Wave of the Financial Crisis Is Coming (And Why)

The Financial Modelers' Manifesto

Comments vote downundo vote up iehi posted 8/13/2009posted this

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The Problem That Won’t Go Away
The Baseline Scenario — ... a lagging indicator, and given the record low number of average hours worked, it will turn around especially slowly this time. Until then, people will continue to lose their jobs and wages will remain flat, and any small rebound in housing prices is unlikely to help more than a few people refinance their way out of unaffordable mortgages. So unless the other part of the equation – monthly payments – changes, the number of foreclosures should just continue to rise. Calculated Risk provides this great chart from Matt Padilla (see the CR ...