Posts Tagged ‘housing price decline’

Economy Recovering? No, it’s not. Housing? NO. Unemployment? NO. Stock Market? NO.

Written on 27 Feb, 2012 at 15:18

So... housing is not, not, not at bottom, "“ check. Unemployment not improving "“ check. And does the stock market at 13,000 mean something to the economy? Nothing good "“ check.You might want to bookmark this page, so... (Continue reading)

Bank sues itself, wins, and then forces itself into bankruptcy to satisfy judgment

Written on 27 Feb, 2012 at 13:54

So, why did I write this? Because it makes just as much sense as everything else that's going on in this country, and at least it made me smile. ... (Continue reading)

Tagged with: bailouts bank of america banking lobby bond market citibank credit crisis credit default swaps diana olick double dip economic recovery Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs Greece bond defaults HAMP housing market housing price decline jpmorgan chase Labor Force Participation Rate loan modification loan modifications M1 money supply Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode money multiplier mortgage crisis mortgage defaults Mortgage modification mortgage refinancing obama administration one west bank phoenix housing prices president obama recession REST Report securitization TARP Treasury Secretary Tim Geithner trial modifications unemployment forecasts unemployment rate velocity of money wall street bankers warren buffett wells fargo bank will greece leave the EU

U.S. Breaks Housing Price Decline Record Set During Great Depression

Written on 14 Jan, 2011 at 20:36

According to RealtyTrac, 1,050,500 homes we repossessed by banks last year.So, for those that think foreclosures are somehow a good thing, I guess congratulations are in order. For those not afflicted by such diminished cognitive abilities, I can only... (Continue reading)

Tagged with: 2010 foreclosures bloomberg Case-Shiller diana olick foreclosure crisis foreclosure filings great depression HAMP housing price decline loan modification mandelman matters martin andelman NACA NPV formula obama administration one million homes repossessed realtytrac zillow