more about “Suddenly, Gary Shilling’s Bearishness…“, posted with vodpod
Filed under: MoneyBob Postings | Tagged: economics, Mortgage, Gary Shilling, house, housing market | Leave a Comment »
Fannie Mae and Freddie Mac Money Pit Will Suck 1 trillion Of US Taxpayer Cash
Posted on June 16, 2010 by MoneyBob
Bloomberg checked in on the state of Fannie Mae and Freddie Mac, the two once-quasi-private mortgage subsidy companies that are now almost wholly owned by taxpayers. Bloomberg found that Fannie and Freddie have already drawn down $145 billion in their unlimited line of taxpayer credit, and that their losses could ultimately be as high as [...]
Filed under: MoneyBob Postings | Tagged: Debt, Depression, Fannie Mae, Freddie Mac, Housing, Mortgage | Leave a Comment »
One In Three Chance You’ll Soon Owe More Than Your House Is Worth: Tech Ticker, Yahoo! Finance
Posted on August 20, 2009 by MoneyBob
One In Three Chance You’ll Soon Owe More Than Your House Is WorthPosted Aug 20, 2009 11:15am EDT by Henry BlodgetRelated: xhb, tol, len, kbh, dhi, phmForeclosure rates in the U.S. remain near record highs. More than 13% of American homeowners with a mortgage are either behind on their payments or in foreclosure. The latest [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Depression, Economy, MoneyBob Postings, Real Estate, economics | Tagged: adjustable loans, adjustable mortgages, Debt, Depression, Foreclosure, home, houses, loans, Mortgage, Mortgage Debt, Mortgages, option arms, Real Estate | Leave a Comment »
Foreclosures Up 48 Percent From Year Ago: RealtyTrac
Posted on June 15, 2008 by MoneyBob
By AMY MCALISTER Published: June 13, 2008 Foreclosure filings continued their surge in May, jumping 48 percent from levels recorded one year earlier as the number of distressed borrowers continues to mushroom in key housing markets across the nation. RealtyTrac Inc. reported Friday morning that 261,255 properties were subject some sort of foreclosure activity — [...]
Filed under: Credit Crunch, Debt Management, Economy, Foreclosure, Mortgages, Real Estate | Tagged: forclosures, Foreclosure, Mortgage, Real Estate, Sponge Bob | Leave a Comment »
AP Poll: Mortgage Payments Worry Many
Posted on April 14, 2008 by MoneyBob
Apr 14, 3:26 PM EDT AP Poll: Mortgage Payments Worry Many By ALAN FRAM Associated Press Writer WASHINGTON (AP) — One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home’s value is shrinking, according to a poll showing widespread stress from the nation’s [...]
Filed under: Credit Crunch, Economy, Foreclosure, Interest Rates, Middle Class, Mortgages, Real Estate | Tagged: Foreclosure, Foreclosures, Mortgage, Mortgage Debt, Mortgages, Real Estate, US News | 2 Comments »
CNNMoney.com – Interest Rates Tumble
Posted on March 24, 2008 by MoneyBob
CNNMoney.com The bond yield tumble, and the economy Monday March 24, 7:15 am ET By Paul R. La Monica, CNNMoney.com editor at large Bond yields have plunged in the past few weeks. And even if you are not an active investor, you should care about what’s been going on in the bond markets lately. Here’s [...]
Filed under: Credit Crunch, Economy, Inflation, Interest Rates, The Fed | Tagged: Commodities, CPI, Culture, economics, Family, Foreclosure, Foreclosures, History, Inflation, Information, Mortgage, Personal, Real Estate, Thoughts, Work | 2 Comments »
Economic Update – March 9,2008
Posted on March 9, 2008 by MoneyBob
Housing Foreclosures hit an all time high of 0.83% of all mortgages nationwide. Over 5.8% of homeowners were behind in their mortgage payments, the largest number in more than two decades. House prices lost a staggering 8.9% in 2007 – and they’re still dropping. The supply of unsold houses rose to 4 million, or to [...]
Filed under: Alan Abelson, Aluminium, Credit Crunch, Economy, Foreclosure, Income, Real Estate, economics | Tagged: Commodities, CPI, Culture, economics, Family, Foreclosure, Foreclosures, History, Inflation, Information, Mortgage, Personal, Real Estate, Thoughts, Work | 4 Comments »
By STEPHEN S. ROACH – from Hong Kong
Posted on March 7, 2008 by MoneyBob
March 5, 2008 Op-Ed Contributor Double Bubble Trouble By STEPHEN S. ROACH Hong Kong AMID increasingly turbulent credit markets and ever-weaker reports on the economy, the Federal Reserve has been unusually swift and determined in its lowering of the overnight lending rate. The White House and Congress have moved quickly as well, approving rebates for [...]
Filed under: Economy, Foreclosure, Market History, Mortgages, Real Estate | Tagged: Culture, economics, Family, Foreclosure, History, Information, Mortgage, Personal, Real Estate, Thoughts, Work | 2 Comments »
Housing In Deepest Decline Since The Great Depression
Posted on March 7, 2008 by MoneyBob
Rapid Deterioration Housing in deepest decline since the Great Depression, economist says By Steve Kerch, MarketWatch Last update: 4:48 p.m. EST March 4, 2008 CHICAGO (MarketWatch) — Housing is in its “deepest, most rapid downswing since the Great Depression,” the chief economist for the National Association of Home Builders said Tuesday, and the downward momentum [...]
Filed under: Dooms Day, Economy, Foreclosure, Market History, Mortgages, Real Estate, economics | Tagged: Culture, economics, Family, Foreclosure, History, Information, Mortgage, Personal, Real Estate, Thoughts, Work | Leave a Comment »
Foreclosures Hit All-Time High
Posted on March 7, 2008 by MoneyBob
Foreclosures hit all-time high Over 900,000 borrowers are losing their homes, up 71% from a year ago, and a record number of home owners are behind on payments. By Les Christie, CNNMoney.com staff writer Last Updated: March 6, 2008: 2:25 PM EST NEW YORK (CNNMoney.com) — More home owners than ever are losing the battle [...]
Filed under: Bankruptcy, Economy, Foreclosure, Liquidity Squeeze, Real Estate, economics | Tagged: Culture, economics, Family, Foreclosure, History, Information, Mortgage, Personal, Real Estate, Thoughts, Work | Leave a Comment »
