Posts Tagged ‘home sales’

Mortgage Originations Are Down by 60-70% Year-Over-Year… But Everything’s Okay

Written on 20 Aug, 2014 at 5:13

So, the mortgage industry has seen originations fall in a single year by 60-70 percent, but the housing markets are okay, in fact they're recovering all around us every day, and prices are up. ... (Continue reading)

Here Come the Happy Housing Numbers, but Foreclosures Up Year-Over-Year

Written on 26 May, 2014 at 1:43

In other words, the housing market hasn't recovered, and won't recover because it can't recover until the underlying fundamentals change, and that won't happen for a long, long time. It certainly won't happen as long as we refuse to... (Continue reading)

Recovery? Ho, Ho, Holiday Sales Tell the Tale

Written on 29 Dec, 2012 at 9:29

I'm just so relieved that none of this dismal economic news was caused by the respective economies being in deep recession led by unreported worsening unemployment and pretend housing market recoveries. Because if those things were the cause, why... (Continue reading)

Tagged with: california homeowner bill of rights Derek Thompson diana olick distressed home sales drop in foreclosure starts economic recovery economy EU in recession EU sales down 22 months in a row Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures HAMP holiday season sales home sales household formation down housing prices loan modification loan modifications LPS' Mortgage Monitor Making Home Affordable Plan mandelman mandelman matters martin andelman MasterCard Advisors SpendingPulse report max gardner mortgage crisis NACA National Mortgage Settlement obama administration principal reductions on GSE loans recession retail holiday sales TARP The Atlantic Treasury Secretary Tim Geithner trial modifications unemployment

Optimism is Hard Thing of Which to Let Go – The Car Sales Recovery Surprise

Written on 13 Jun, 2010 at 20:27

Tell you what WSJ people... next time feel free to call me on stuff like that. I don't depend on automakers breaking things out, I actually have functioning eyes and ears and I use them pretty much all the... (Continue reading)

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)