chicagotribune.com - 7/6/2009
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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 unemployment and ...
latimes.com - 7/4/2009
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latimes.com —
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 ...
(more)
Another wave of foreclosures is poised to strike - Los ...
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'
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The Mess That Greenspan Made —
... Recession may get worse, Gordon Brown warns world leaders - TimesOnline • India Doubles Import Taxes on Bullion to Raise Cash - Bloomberg • Dollar discomfort thrust onstage for Italy summit - Reuters • India said to question dollar's international status - MarketWatch HOUSING • In California, mortgage scammers find easy pickings - LA Times • Google Tries To Save The Housing Market - Search Engine Round Table • Home foreclosures expected to surge in coming months - Chicago Tribune • New appraisal ...
Prime borrower delinquencies rising
Bubble Meter —
... it continues to accelerate for prime borrowers. Subprime foreclosure starts fell by 16% from one year ago, even as prime foreclosure starts jumped by 83%. Housing analyst Ivy Zelman notes that an “incremental weakening in prime mortgages are likely to result in a pick-up in higher-priced foreclosures hitting the market in late 2009/early 2010.” That could put more downward pressure on the higher end of the housing market.According to the Chicago Tribune, the surge in foreclosures is likely to continue pushing prices down: Just as the ...
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Treasury: Millions More Foreclosures Coming
calculatedriskblog.com 9/10/2009 — From Teasury : Assistant Secretary for Financial Institutions Michael S. Barr Written Testimony on Stabilizing the Housing Market before the House Financial Services Committee, Subcommittee on Housing and Community Opportunity ... I want to highlight ...
Foreclosures: 'Worst three months of all time'
money.cnn.com 10/16/2009 — NEW YORK (CNNMoney.com) -- Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday.
"They were the worst three months ...
More Foreclosures Than Home Sales, Again
piggington.com 8/31/2009 — As with every month so far in 2009, more existing San Diego homes went into foreclosure than were sold. Just barely, though -- the ratio of home sales to default notices (the initial stage of foreclosure) was just gnat's eyelash below one-to-one. The ...
Foreclosures Really Happens All Over
moneyning.com 5/27/2009 — We hear about all those people who are underwater on their mortgages, and we hear about the incredibly high amounts of distressed properties on the market today. Yet, many of us never really come across the foreclosure process. Is it really that bad? Is it really happening everywhere?
As I ...
California Foreclosures > National New Home Sales
econompicdata.blogspot.com 7/28/2009 — The Big Picture's quote of the day: “National New Home Sales, on a monthly basis, don’t even add up to half of the total foreclosure activity in California alone in a single month.” -Mark M Hanson Let's go to the chart... While the Census ...
Editorial - Foreclosures - No End in Sight
nytimes.com 6/2/2009 — A continuing steep drop in home prices combined with rising unemployment is powering a new wave of foreclosures. Unfortunately, there’s little evidence, so far, that the Obama administration’s anti-foreclosure plan will be able to stop it. The plan ...
Fair Game - So Many Foreclosures, So Little Logic
nytimes.com 7/5/2009 — LAST week, the stock market tumbled on news that housing foreclosures and delinquencies rose again in the first quarter. The Office of the Comptroller of the Currency said that among the 34 million loans it tracks, foreclosures in progress rose 22 ...
Foreclosures Rise 28%
ritholtz.com 12/13/2008 —
>
RealtyTrac released its November foreclosure numbers, and they were not pretty.
• November Foreclosure activity decreased 7% from October (the lowest level since June)
• Foreclosures up 28% from year ago levels;
• Foreclosure ...
Bidding Wars Are Emerging on Foreclosures
online.wsj.com 4/23/2009 — Where Housing Is Headed See changes in the housing markets in 28 major metro areas. Early Signs of a Turnaround? Some home buyers are bidding against each other on foreclosures: MORE
What Caused Foreclosures?
economistsview.typepad.com 7/31/2009 — Richard Green:
Michael Lacour-Little says it's all about the refinances, by Rickard Green :
He points me to :
Why are so many homeowners underwater on their mortgages?
In crafting programs to prevent foreclosures, policymakers have assumed ...
Recovery Act vs. The Stimulus —
The Big Money 7/6/2009
This is a trip to document stimulus projects across the country. Wait, no. Forget I said that. Obama would prefer me to say it's a trip to document Recovery Act projects across the country. Wait, no, I can't call it that either. Because if I call ...
Checks and Balances —
The Big Money 7/7/2009
Ever wonder how much money you'd make if you worked in the White House? Slate's Christopher Beam explains who decides how much the president's staffers get paid:
There's no rule for how many assistants a president can have: Obama has ...
Hot Air Rising —
The Big Money 7/8/2009
The Senate's first hearing on climate change may have been amusing, but was anything accomplished? Probably not:
Barbara Boxer and Jim Inhofe are one of the Senate's oddest couples. She drives a Prius. He drives a Hummer. She thinks ...
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