housing bust

Welcome to the 'housing bust' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'housing bust'.

Latest blogosphere posts tagged “housing bust”

• 2009 YTD 123 Bank Closures 11.14.2009

  
  CHESSNOID — Authority: 482
  It seems that the pace of bank closures are increasing as we get closer to the end of the year.   These are not just single banks but chains of bank representing many branch locations.  We are up to 123 officially closed banks taken over by the FDIC.  Some of these banks were TARP recipients and loss more tax ...
  1 day ago

• Bank Credit Card Cancellations and Credit Limit Reductions

  
  CHESSNOID — Authority: 482
  During this severe recession, we experienced and extreme credit crunch that basically made all banks stop lending.  All credit was literally frozen.  That is one of the reasons why we bailed out the banks with taxpayer money.  The belief was that the banks could use this money to loosen credit up and get the flow ...
  3 days ago

• Foreclosure Relief

  
  CHESSNOID — Authority: 482
  There is a positive and negative spin for every issue.  Take foreclosures for instance.  There are two articles that highlight the truth in different ways.  One article is called U.S. foreclosures slow a 3rd month; lull temporary while another article of the same information is called   US Foreclosure Filings ...
  3 days ago

• Budget Surplus Just A Memory Now… (Budget Deficit PAID off in 2012)

  
  CHESSNOID — Authority: 482
  I remember not too long ago when we had a Democrat President and a Republican controlled House and Senate and something crazy happened.  We had a budget surplus.  Under President Clinton’s watch, there were 3 budget surpluses AND we were to be rid of our national debt by the year 2012. How could things get mucked ...
  4 days ago

• Housing Deals in a Recession

  
  CHESSNOID — Authority: 482
  The housing bubble has burst and it is still deflating.  I think because many people are losing their homes or just walking away from an underwater house (loan greater than the value of the house) that is making great deals available. Depending on your situation, this may be a great time to buy a house or ...
  5 days ago

• Reality Check: U.S. has lost jobs in 22 straight months

  
  CHESSNOID — Authority: 482
  Our media puts out many reports that often conflict with each other. Our politicians in office try to spin the reports in a positive light.  They know what happens on their watch is what the American people will hold them accountable for.  The problem in solving problems in general is that you have to acknowledge ...
  1 week ago

• True National Unemployment is at 17.5%

  
  CHESSNOID — Authority: 482
  Forget about focusing on the 10.2% unemployment rate because that doesn’t show the whole picture.  Right now in America our true unemployment rate is at 17.5% if not more.  That figure comes from the Bureau of Labor Statisitics (BLS) known as U-6 and represents about 30 million people. To put those numbers in ...
  1 week ago

• Wells Fargo Kicks the Can by Transforming Option ARM Mortgages Into Interest Only

  
  Wall Street Pit — Authority: 638
  If you are not familiar with what an option ARM mortgage is, read this piece [Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?]. I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew...
  1 week ago

• Wells Fargo (WFC) Kicks the Can by Transofrming Option ARM Mortgages into Interest Only

  
  Fund My Mutual Fund — Authority: 614
  If you are not familiar with what an option ARM mortgage is, read this piece [ Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs? ]].  I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006 .  Interest only mortgages? Yep I knew about those.  ...
  1 week ago

• Government reports unemployment rate surged to 10.2% in October

  
  CHESSNOID — Authority: 482
  Today, it is official that 1 out of every 10 people looking for work in the United States can not get a job. I just got this email breaking news alert of the government reporting unemployment rate surged to 10.2% in October!!  How can that be if we just created 650,000 jobs and all the economists surveyed said it ...
  1 week ago

• Fannie Mae–why are we still pumping taxpayer money into it?

  
  CHESSNOID — Authority: 482
  I just finished reading a Bloomberg article called Fannie Mae’s U.S. Bailout Reaches $60 Billion After Ninth Straight Loss .  You would think just after reading the title it would be common sense for the government to say enough is enough.  We need to close shop, sell assets, and all the investors must take  a ...
  1 week ago

• At least he said he was sorry

  
  CHESSNOID — Authority: 482
  We know the financial crisis this time around is extremely bad.  Economists say this is the worst recession since the Great Depression.  No one on Wall Street wants to take responsibility nor does any politician and lawmaker hold anyone accountable. Ron Paul says this financial debacle was mostly the Federal ...
  1 week ago

• The Housing Bust – The Final Chapter

  
  The Daily Reckoning — Authority: 627
  I was in New York earlier in the week for the Value Investing Congress. Among the more valuable presentations were those of Sean Dobson at Amherst Securities and Whitney Tilson and Glenn Tongue of T2 Partners. They were valuable because they helped frame where we are in the mortgage crisis, which has been the main ...
  1 week ago

• Fannie Maes New Deed for Lease Program - Rent your Home from the Government

  
  Fund My Mutual Fund — Authority: 614
  There are so many rescue programs going on, I am losing track.  Thanks to reader Patrick for notifying me of this; I have been so busy staring at the mirror (while clicking heels 3x) slowly repeating "prosperity is back" I sometime forget how "prosperity" is being achieved. So here is the latest... if you dont ...
  1 week ago

• Whitney Tilson T2 Partners October 2009 Investor Letter: Housing Market Still in Trouble

  
  Fund My Mutual Fund — Authority: 614
  As we await the the gods on Mount Federal Reservus to let the humans know their fate, we have an excellent presentation by Whitney Tilson of T2 Partners - embedded within his monthly investor letter. While others have done a better job of self promotion, Tilson actually made many prescient calls on the housing ...
  1 week ago

• More Real Estate Accounting Tricks 101

  
  CHESSNOID — Authority: 482
  There is a new accounting rule which is more like a magic act.  It is called “mark to market” and after watching a youtube video it makes much more sense to me. These are local Las Vegas real estate agents but listen to what they say because it makes sense.  There are many banks just sitting on their ...
  1 week ago

• More than Half a Million Americans Walked Away from their Mortgage Last Year

  
  Wall Street Pit — Authority: 638
  Great news; I believe the number of mortgage “walk aways” is “better than expected” - now how do I buy stock on deadbeats? (DBDT?) Look there was no problem buying these assets when all they did was go up; even better when one could serial refinance to live the “life...
  1 week ago

• Nearly 600,000 Americans Walked Away from their Mortgage in 2008

  
  Fund My Mutual Fund — Authority: 614
  Great news; I believe the number of mortgage "walk aways" is "better than expected" - now how do I buy stock on deadbeats? (DBDT?)  Look there was no problem buying these assets when all they did was go up; even better when one could serial refinance to live the "life we deserve", but nowhere in the contract did it ...
  1 week ago

• Stocks, Gold, US dollar, and Our Struggling Economy

  
  CHESSNOID — Authority: 482
  In 2007 before the stock markets tumbled, I sold all my stock holdings.  From 2000 to 2007, I was a buy and hold investor and dollar cost averaged all my investments in my 401k, IRAs, and personal broker accounts.  I was both happy and amazed at how much value had built up in that last 2 years as every stock market ...
  1 week ago

• Political Buyer’s Remorse

  
  CHESSNOID — Authority: 482
  I have been reading a lot of good articles in the New York Times.  I still feel there is some hopeful writers in the press hoping that President Obama delivers on some of his campaign promises.  It’s been 10 months since he has taken office and I think more people are starting to realize he is just another ...
  1 week ago

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