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Despite Government Aid, Foreclosure Crisis is Not Improving, We've been saying it all along: Jobs jobs jobs. Without one, you simply can't pay your
mortgage
.
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reddit economics
.
Posted by
MyPropsMonkey
45 minutes ago
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cnbc.com
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Stop the madness now!
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Naked Capitalism
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Posted by
MyPropsMonkey
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And the banking sector and
mortgage
plans, both of which I failed to mention, are dubious half-measures as well. One needs to act aggressively and proactively or not at all. If you are going to deficit spend you need to do it in a big way. You need to
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Gov't now backing
mortgage
s for rich people. A 27-yr-old and a couple of friends is able to score a million-dollar apartment with little money down. He says "If a government official came out here,...
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reddit business
.
Posted by
MyPropsMonkey
1 hour 58 minutes ago
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nytimes.com
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Capitalism is alive and well
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Contrarian Stock Market News and Views
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Posted by
lucretius
2 hours 4 minutes ago
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contrarianprofits.com
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Does your
mortgage
company tell you what color to paint little Johnnie’s room? Does your car loan provider tell you how fast to drive? Does your health insurance provider tell control your diet? Didn’t think so. If some congressman came barging in
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National Survey: Data on Home Buying Financing
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Calculated Risk
.
Posted by
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3 hours 19 minutes ago
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Source: October Trends in Existing Home Sales, a presentation from Campbell/Inside
Mortgage
Finance Monthly Survey on Real Estate Market Conditions. Thomas Popik, Campbell Surveys Research Director, highlighted several key trends from the survey in
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Goldman Back To Economy Bashing Mode
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Zero Hedge
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…but
mortgage
applications for home purchase point to a setback. In marked contrast to existing homes sales, the weekly purchase
mortgage
applications report—a long-standing leading indicator of home sales—has plunged in recent weeks and now stands
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Audit the Fed – Amendment to a $200 billion bill frightens currency traders!
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Contrarian Stock Market News and Views
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Posted by
lucretius
5 hours 45 minutes ago
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contrarianprofits.com
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So what was it that spooked the markets… Well… The only thing I can find was the report yesterday about falling Housing Starts that Chris told you about… Did you know that about 14% of US homeowners were either delinquent on their
mortgage
or in some
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WHERE ARE THE DAMNED INDICTMENTS?
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Karl Denninger's Blog - The Market Ticker
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5 hours 52 minutes ago
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housing bubble
98% of the loans are 30 year conventional fixed-rate
mortgage
s. 88.2% of the loans are 3/27 and 2/28 "teaser-rate" ARMs. The majority of the loans amortize over 40 years but are for a 30 year term. This adds even more risk because
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“Audit the Fed” Bill Moves Along
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The Daily Reckoning
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Posted by
MyPropsMonkey
6 hours 24 minutes ago
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So what was it that spooked the markets… Well… The only thing I can find was the report yesterday about falling Housing Starts that Chris told you about… Did you know that about 14% of US homeowners were either delinquent on their
mortgage
or in some
[More...]
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Foreclosures will keep rising through 2010, report says
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Los Angeles Times - Most E-mailed Articles
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Posted by
MyPropsMonkey
6 hours 51 minutes ago
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Mortgage
Bankers Assn. says delinquencies and home repossessions have hit a new high. Blaming job losses for most of the pain, it sees a continued surge in foreclosures through all of next year. Home foreclosures are likely to keep climbing through all
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A Few House Price Forecasts
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Calculated Risk
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Posted by
MyPropsMonkey
7 hours 51 minutes ago
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Mortgage
Delinquencies Reach a Record High"I’ve been pretty bearish on this big ugly pig stuck in the python and this cements my view that home prices are going back down."OK, a muddled metaphor alert, but the point is clear. From Bloomberg:
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Paul/Grayson Amendment Passes In Committee
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Karl Denninger's Blog - The Market Ticker
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8 hours 52 minutes ago
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market-ticker.denninger.net
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housing bubble
The Fed refused to crack down on predatory
mortgage
, credit card and consumer lending until literally forced by Congress, which passed the credit card bill over its objections. Until threatened with same, the very same Fed refused to
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The Court System Deals The Commercial Real Estate Death Blow
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Clusterstock
.
Posted by
MyPropsMonkey
8 hours 53 minutes ago
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peter schiff
, a state court refused to allow Citigroup to foreclose a
mortgage
on what was to be the second largest mall in the country even though it had no tenants. In a recent decision in the General Growth Properties bankruptcy, the court held that the special
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U.S.
Mortgage
Delinquencies Reach a Record High
This Link is located in the Public Channel
New York Times - Most E-mailed Articles
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9 hours 12 minutes ago
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nytimes.com
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The
Mortgage
Bankers Association’s quarterly survey found that one in seven homeowners was either late on payments or was already in foreclosure.
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Ivy Zelman: “Home prices are going back down”
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Naked Capitalism
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Posted by
MyPropsMonkey
9 hours 18 minutes ago
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The
Mortgage
Bankers Association is reporting that nearly one in ten households with
mortgage
s are at least one payment behind. That is a record, my friends. And it certainly means we cannot believe house prices have permanently
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Asian Markets Continue To Push Lower
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Clusterstock
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Posted by
MyPropsMonkey
11 hours 43 minutes ago
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peter schiff
Figures from the Labor Department indicated that employers are still shedding jobs, and the
Mortgage
Bankers Association reported a surge in foreclosures. Markets, especially in Asia, have rallied hard since their nadir in March as investors
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U.S.
Mortgage
Delinquencies Reach a Record High - NYTimes.com
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reddit economics
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12 hours 13 minutes ago
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nytimes.com
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Con artist turns teacher as punishment
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NY Daily News
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12 hours 38 minutes ago
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A Queens judge took the unusual step Thursday of ordering a
mortgage
scammer to teach would-be victims about avoiding con artists just like her.
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Links 11/20/09
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Naked Capitalism
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the price of water Archein Lions kill rare white tiger at Czech Republic zoo BBC (hat tip reader Steve L) Moira man fights off deer attack Press Republican (hat tip reader John L) Cinema popcorn is nutritional horror show: US study Raw Story (hat
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Rising in Defense of Goldman Sachs
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The Daily Reckoning Australia
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16 hours 8 minutes ago
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dailyreckoning.com.au
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Nor, that the Fed is buying its
mortgage
backed securities - perhaps even ones that would be hard to unload on the private market. These contacts and sources of 'insider' information are what George Soros has called the "hidden gifts" that
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