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Stop the madness now!
This Link is located in the Public Channel Naked Capitalism.
Posted by MyPropsMonkey 47 minutes ago (feedproxy.google.com).  Views: 1
Tags: economics  finance
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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 [More...]
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Capitalism is alive and well
This Link is located in the Public Channel Contrarian Stock Market News and Views.
Posted by lucretius 2 hours 4 minutes ago (contrarianprofits.com).  Views: 0
Tags: stock market news  contrarian investing  financial ideas  stock ideas
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 [More...]
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National Survey: Data on Home Buying Financing
This Link is located in the Public Channel Calculated Risk.
Posted by MyPropsMonkey 3 hours 19 minutes ago (feedproxy.google.com).  Views: 2
Tags: finance  economics  wall street
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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 [More...]
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Goldman Back To Economy Bashing Mode
This Link is located in the Public Channel Zero Hedge.
Posted by MyPropsMonkey 4 hours 31 minutes ago (zerohedge.com).  Views: 0
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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 [More...]
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Audit the Fed – Amendment to a $200 billion bill frightens currency traders!
This Link is located in the Public Channel Contrarian Stock Market News and Views.
Posted by lucretius 5 hours 45 minutes ago (contrarianprofits.com).  Views: 1
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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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WHERE ARE THE DAMNED INDICTMENTS?
This Link is located in the Public Channel Karl Denninger's Blog - The Market Ticker.
Posted by MyPropsMonkey 5 hours 52 minutes ago (market-ticker.denninger.net).  Views: 2
Tags: stock market  credit crisis  economics
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98% of the loans are 30 year conventional fixed-rate mortgages.  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 [More...]
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“Audit the Fed” Bill Moves Along
This Link is located in the Public Channel The Daily Reckoning.
Posted by MyPropsMonkey 6 hours 24 minutes ago (feedproxy.google.com).  Views: 1
Tags: economics
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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
This Link is located in the Public Channel Los Angeles Times - Most E-mailed Articles.
Posted by MyPropsMonkey 6 hours 51 minutes ago (feeds.latimes.com).  Views: 2
Tags: la times  news  politics
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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 [More...]
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A Few House Price Forecasts
This Link is located in the Public Channel Calculated Risk.
Posted by MyPropsMonkey 7 hours 51 minutes ago (feedproxy.google.com).  Views: 1
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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: [More...]
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Paul/Grayson Amendment Passes In Committee
This Link is located in the Public Channel Karl Denninger's Blog - The Market Ticker.
Posted by MyPropsMonkey 8 hours 52 minutes ago (market-ticker.denninger.net).  Views: 2
Tags: stock market  credit crisis  economics
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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 [More...]
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The Court System Deals The Commercial Real Estate Death Blow
This Link is located in the Public Channel Clusterstock.
Posted by MyPropsMonkey 8 hours 53 minutes ago (feedproxy.google.com).  Views: 1
Tags: wall street  finance  stocks
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, 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 [More...]
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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.
Posted by MyPropsMonkey 9 hours 12 minutes ago (nytimes.com).  Views: 2
Tags: new york times  news  politics
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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”
This Link is located in the Public Channel Naked Capitalism.
Posted by MyPropsMonkey 9 hours 18 minutes ago (feedproxy.google.com).  Views: 1
Tags: economics  finance
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The Mortgage Bankers Association is reporting that nearly one in ten households with mortgages are at least one payment behind.  That is a record, my friends. And it certainly means we cannot believe house prices have permanently [More...]
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Asian Markets Continue To Push Lower
This Link is located in the Public Channel Clusterstock.
Posted by MyPropsMonkey 11 hours 43 minutes ago (feedproxy.google.com).  Views: 3
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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 [More...]
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U.S. Mortgage Delinquencies Reach a Record High - NYTimes.com
This Link is located in the Public Channel reddit economics.
Posted by MyPropsMonkey 12 hours 13 minutes ago (nytimes.com).  Views: 0
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Con artist turns teacher as punishment
This Link is located in the Public Channel NY Daily News.
Posted by MyPropsMonkey 12 hours 38 minutes ago (feeds.nydailynews.com).  Views: 2
Tags: news  politics  celebrity news
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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
This Link is located in the Public Channel Naked Capitalism.
Posted by MyPropsMonkey 15 hours 10 minutes ago (feedproxy.google.com).  Views: 2
Tags: economics  finance
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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 [More...]
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Rising in Defense of Goldman Sachs
This Link is located in the Public Channel The Daily Reckoning Australia.
Posted by MyPropsMonkey 16 hours 8 minutes ago (dailyreckoning.com.au).  Views: 2
Tags: finance  economics
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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 [More...]
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