Subprime
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Latest blogosphere posts tagged “Subprime”
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A Surge in Demands on the Government for Jobs
War On You: Breaking Alternative News —
Authority: 566
by Ann Robertson and Bill Leumer Thanks to the government bailout, bankers and brokers are now self-righteously pocketing their record bonuses, reassured by Goldman Sachs CEO Lloyd Blankfein that they are doing “ God’s work ” (The New York Times, November 17, 2009). There is no humility in these quarters. Yet ...6 hours ago -
Economic Scene: A Quaking Brings No Collapse
NYT > Theater —
Authority: 902
In the week after Dubai World told its creditors they wouldn’t be getting all their money back, two lessons about the global economy have emerged.10 hours ago -
Can You Fight A Foreclosure Part 3 of 3
Ethical Foreclosure Fortunes —
Authority: 151
Fighting a Foreclosure13 hours ago -
Bernankes Done Deal Reconfirmation May Not Be A Done Deal After All
zero hedge —
Authority: 753
With everyone expecting the Chairmans reconfirmation process on Thursday to be merely a formality, Senator Bob Corker throws this wrench after he "said he wasnt sure yet whether the chairman had the votes on the Banking committee or in the Senate as a whole." The Hill reports , "I dont know where that sits," Corker ...14 hours ago -
It’s Unofficial! No More Fannie or Freddie!
Real Estate Opinion MAG - AgentGenius —
Authority: 601
I see a pattern. You may see it too. Notice that FHA has made a few subtle changes that will allow originating brokerage companies not to be put through the ringer to get a Mini-Eagle? They can now be VA-like sponsored by a lender that has a net worth of over $2,500,000 thereby removing small to medium sized, ...15 hours ago -
Goldmans call to arms: Bankers seeking gun permits ahead of bonus season
DailyFinance —
Authority: 792
Filed under: Goldman Sachs , American International Group, INC. Goldman Sachs Group ( GS ) is at the focal point of the American publics rage against Wall Street -- and probably for good reason. The firms former chief executives have populated the highest echelons of American government, which has ...17 hours ago -
Here is the proof of what Bernanke though in 2007 ( 1 year before the meltdown)
InvestmentWatch —
Authority: 156
“At this juncture …… the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained,” Bernanke said in prepared testimony to Congress’ Joint Economic Committee.Mar 28, 2007 Washington Post “We believe the effect of the troubles in the subprime ...22 hours ago -
Gold & Armageddon: Conclusion Part 3
Ethical Foreclosure Fortunes —
Authority: 151
your mind to another point of view. And if u haven’t thought threw the other side of the gold/dollar collapse issue, then you’re probably not that conscious of your own position and most likely not as secure of your own position as you might think. How much do you know about what factors are affecting the gold ...22 hours ago -
Chuck Ponzi: Fiscal vs Monetary
Housing Doom —
Authority: 578
Longtime blogger and Doom reader "Chuck Ponzi" was kind enough to try straightening out my confusion yesterday on the difference between fiscal and monetary issues. That was in response to my rather fuzzy commentary on the Ethan Ilzetzki presentation in under-construction Doom transcript VI.C. His comment was ...23 hours ago -
Subprime Market Has Still Not Reached Bottom
InvestorCentric —
Authority: 133
With 60 plus day delinquencies on the rise, it appears that the subprime market is far from reaching bottom. While the longer term outlook remains strong, the mortgage market remains far from recovery as the number of newly-troubled borrowers continues to grow. See the following article from HousingWire . I ...23 hours ago -
Mark Pittman, Reporter Who Challenged Fed Secrecy, Dies at 52
Survival News Network —
Authority: 144
Mark Pittman, the award-winning reporter whose fight to make the Federal Reserve more accountable to taxpayers led Bloomberg News to sue the central bank and win, died Nov. 25 in Yonkers, New York. He was 52.Pittman suffered from heart-related illnesses. The precise cause of death wasn’t known, said his friend ...1 day ago -
D&O Insurance: Recent Rulings Relevant to Subprime Claims
The D & O Diary —
Authority: 507
In a series of recent rulings in coverage litigation arising out of the 2007 collapse of Brookstreet Securities Corporation , a California-based securities broker-dealer, Central District of California Judge Cormac Carney addressed the claims of several claimants to the proceeds of a professional liability ...1 day ago -
Housing Market – Not going anywhere
Metropolitan Real Estates —
Authority: 100
House sales are still low but it shows some improvement, not according to analysts who say there are still too many new homes with not enough buyers. In areas where there used to be high home sales are suffering due to the pullout of insurance companies from their area due to the high losses they had during Katrina ...1 day ago -
Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt.
InvestmentWatch —
Authority: 156
A must read from The Market Oracle : Run on the U.S. Dollar ….Soon Porter Stansberry writes: It’s one of those numbers that’s so unbelievable you have to actually think about it for a while… Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that’s ...1 day ago -
Dubai: Subprime state
The Standard —
Authority: 606
Dubai is the subprime folly writ large. In the US, they built ‘exurbs’ in the Californian high desert, two hours each way from LA; rows of McMansions bought by people who couldn’t afford them whose lifestyles were dependent on cheap petrol*. In Dubai, they built skyscrapers in the desert; golf courses, ...1 day ago -
Operation HOPE Client Testimonial: Mortgage HOPE Crisis Hotline
John Hope Bryant —
Authority: 139
Monique Laguerre, who called Operation HOPE after hearing about our work on CNN. At the time she was in the middle of her third unsuccessful attempt for a loan modification. After working with one of our assigned mortgage counselors , she not only captured the attention of her previously uncooperative bank, but was ...1 day ago -
12. Real Estate Finance and its Vulnerability to Crisis
CVN Home —
Authority: 139
Financial Markets (ECON 252) Real Estate is the biggest asset class and of great importance for both individuals and institutional investors. An array of economic and psychological factors impact real estate investment decisions and the public has changing ideas of real estate as a profitable investment. People’s ...1 day ago -
Cleveland Fed Claims FHA Is Not The Next Subprime, Parallel Study Finds Ice Is Not Really Cold
zero hedge —
Authority: 753
More taxpayer money well spent . Then again, the Federal Reserve discovering that the nations balance sheet is the next repository of worthless and unmanageable residential mortgages (gasp) courtesy of the Feds own actions would have been worth the price of admission. ...1 day ago -
Report Cites Shortfall in Key A.I.G. Business
NYT > Theater —
Authority: 902
The report by Sanford C. Bernstein says the insurer’s property and casualty unit hasn’t been setting aside enough to pay possible claims.1 day ago -
Treasury Pushes Mortgage Firms for Loan Relief
NYT > Theater —
Authority: 902
The administration said Monday that it would increase the pressure on banks to help troubled homeowners permanently lower mortgage payments.1 day ago

