Posts Tagged ‘GDP’

When Will the Pivotal Nature of the Foreclosure Crisis be Understood

Written on 2 Oct, 2012 at 1:08

Once you're underwater, however, as at least half of homeowners are today, you can't borrow against your home's equity, nor can you sell your home, so any of those life events are likely to hit you where you live. ... (Continue reading)

30 Minutes of Talking: Has Housing or Our GDP Hit Bottom?

Written on 29 Apr, 2012 at 2:49

This week on 30 MINUTES OF TALKING I'm looking at the contradictions that are being thrown at us almost every day now... this past week it was the housing market that hit bottom, according to quite a few. But... (Continue reading)

Tagged with: Arizona housing market bailouts Case Schiller condo prices double dip economic recovery economy Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac GDP GDP below expectations GDP falls to zero HAMP HOME PRICES housing markets loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode ml-implode mortgage crisis mortgage refinancing mortgage servicers NACA obama administration recession ReMax REST Report spain economy TARP Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers

We know they’re not evil, because they’re simply not smart enough to be evil.

Written on 23 Apr, 2012 at 14:06

The European bankers are no different than is the FHFA, which is led by Ed DeMarco, the guy stopping Fannie and Freddie from reducing principal balances of mortgages. He says he won't do it because his job is to... (Continue reading)

Tagged with: bailouts bank of america banking lobby debt crisis diana olick double dip economic recovery economy Edward DeMarco elizabeth warren european banks Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke FHFA foreclosure crisis foreclosures Freddie Mac GDP Goldman Sachs greece economy HAMP jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode ml-implode mortgage crisis mortgage refinancing NACA president obama Quantitative Easing recession spain default spain economy strategic default TARP Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers wells fargo bank

Consumer Spending Up? Come on get happy…

Written on 9 Nov, 2011 at 8:31

The bottom-line... much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (Continue reading)

Tagged with: bank of america borrowing car loans car sales citibank consumer spending core rate of inflation CPI credit diana olick double dip economic recovery economic statistics economic stimulus economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures GDP GNP Goldman Sachs HAMP inflation jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner ml-implode mortgage crisis mortgage servicers personal consumption president obama recession student loans Treasury Secretary Tim Geithner trial modifications unemployment unemployment benefits unemployment rate wells fargo bank

Mandelman’s Overview of Economic News That Matters

Written on 3 Jun, 2011 at 6:03

So, there you have it... a veritable cornucopia of bad news... and all of it from CNBC, a cable news channel that normally broadcasts nothing but bull... markets. Bull markets... that's what I meant. But, it's getting impossible... (Continue reading)

Oh, Stop It! Obama-GOP Deal to Extend Bush Tax Cuts Won’t “Create” 3.1 Million Jobs.

Written on 12 Dec, 2010 at 11:49

I realize that Obama was ready to allow the tax cuts to expire now, but he's also okay with allowing another 4-5 million homes be lost to foreclosure next year, and the same number the year after that. And... (Continue reading)

Tagged with: CBO congressional budget office Daily Finance economy extend bush tax cuts foreclosures GDP HAMP jobs creation loan modifications mandelman matters Mark Zandi martin andelman ml-implode obama deal with GOP TARP tax cuts unemployment

Federal Reserve Bank President Says We’re In For a Long Hard Road Ahead

Written on 19 May, 2010 at 22:04

What happened? As the decline in housing prices began to accelerate across the country, this exposed underlying cracks in the financial system. Foreclosures began to rise, loan losses mounted, and housing prices dropped even more, creating a downward spiral not... (Continue reading)