Mortgage Markets – Week of 5.9.10
States: Let Taxpayers Cover Your Mortgage
CNN Money.com (12 May 10)
Taking Back Homes From The Banks
Information Clearing House (12 May 10)
Mortgage Holders Owing More Than Homes Are Worth Rise to 2…
States: Let Taxpayers Cover Your Mortgage
CNN Money.com (12 May 10)
Taking Back Homes From The Banks
Information Clearing House (12 May 10)
Mortgage Holders Owing More Than Homes Are Worth Rise to 2…
Commercial Real Estate Pushes $7.4 Billion in FDIC Losses in One Day– Hard to Hear The CRE Collapse With Investment Banks Finally Being Called Out in The Court of Public Opinion. $3 Trillion CRE Ma…
Geithner Vows Crackdown on Mortgage Servicers
Yahoo Finance (29 April 10)
Bank of America Exec: ‘Considerable Number’ Will Lose Homes
Charlotte Observer (13 Apr 10)
Foreclosure Rates Surge, Biggest Jump in 5 Years
Associated Press (15 Apr 10)
Ex-Fannie Mae Execs Try to Defend Track Record
Yahoo News (9 April 10)
Panel Sifts Subprime Wreckage, Blames Alan Greenspan
Yahoo News (7 April 10)
Fannie, Freddie To Use Clearinghouse
USA Today (6 …
Mortgage Problems? Fed Can Relate
The Wall Street Journal (1 April 10)
Fed Ends Its Purchasing of Mortgage Securities
The New York Times (31 March 10)
Commercial Real Estate: Half of Commercial Mort…
Anti-Flippers Buy And Hold Cheap Homes
Yahoo Finance (18 March 10)
More Homeowners Are Opting For ‘Strategic Defaults’
Los Angeles Times (4 March 10)
Homeowners Get Foreclosed Upon, While Bonuses Are Forever
Mr.Drinkwater (12 Jan 10)
Obama Administration Denies Public Access to Fannie and Freddie Documents
Judicial Watch (19 Feb 10)
J.P. Morgan: Foreclosure Sales Could Be Higher in Three Years
The Wall Street Journal (9 March 10)
Program Will Pay Homeowners to Sell at a Loss
The New York Times (7 March 10)
Trapped Inside A Property Bubble
Caixin online (10 Feb 10)
Million Dollar Greenwich Houses Fall on Bad Times
NBC Connecticut (1 March 10)
Elizabeth Warren Introduces COP’s February Report
YouTube (1…
What’s Up With HUD’s REO Sales?
Bruce Krasting (23 Feb 10)
Frustrated Owner Bulldozes Home Ahead of Foreclosure
WLWT.com (19 Feb 10)
No Exit in Sight for U.S. As Fannie, Freddie Flail
The Wall Street Journal (09 Feb 10)
US Mortgage Sector Braced For End Of Fed Help
Financial Times (03 Feb 10)
Cloudy Future for Fannie and Freddie
New York Times (01 Feb 10)
Housing Crash Continues It’s Still A Terrible Time To Buy Wh…
Fall In U.S. New Home Sales Fans Fears On Recovery
Yahoo Finance (27 Jan 10)
Fed May Take Risk MBS Program End Won’t Hurt Housing
Bloomberg.com (27 Jan 10)
December Home Sales Down Nearly 17 Perc…
Real Estate Bull Laub Sees Unprecedented Workout From Bad Debt
Bloomberg.com (13 Jan 10)
More Bankrupts Choosing Ch. 7 Over Ch. 13
MortgageOrb (06 Jan 10)
Credit Suisse Sued for $24 Billion by Property Owners
Business Week (04 Jan 10)
Mortgage Bond Rally May End, Rates Rise as Fed Stop…
Lawmakers Want Probe Into Treasury Aid for Fannie, Freddie
The Wall Street Journal (30 Dec 09)
Billions to Fight Foreclosure, But Few New Loans
The New York Times (29 Dec 09)
Fannie, Freddie Exe…
Looking a Little Deeper at Bernanke’s Floating Rate Mortgage
The Wall Street Journal (18 Dec 09)
What 10 Reasons Will Keep a Lid on The Housing And Economic Recovery For California?
Dr. Housing Bubble (2009)
The Trend In The Freddie Mac US Housing Price Index
Jesse’s Crossroads Cafe’ (12 Dec 0…
Dubai Property Merger Blocked
Financial Times (09 Dec 09) [Must subscribe to read full article.]
Anatomy of a Government-Abetted Fraud: Why Indymac/OneWest Always Forecloses
IamFacingForeclosure.com
Wall St. Finds Profits by Reducing Mortgages
The New York Times (21 Nov 09)
World’s Most Expensive Homes
Yahoo Finance (22 Nov 09)
FHA-Backed Lending Is a ‘Train Wreck,’ Toll Says
Bloomberg.co…
Chicago Judge Lambastes Sidley Lawyers Over Brief
Law.com (11 Nov 09)
Latest Foreclosure Activity Report Presents Conflicting Perspectives
Zero Hedge (12 Nov 09)
In Detroit, A Housing Auction Of Last Resort
MSNBC Business (25 Oct 09)
Home-buyer Tax-credit Refunds Delayed For Months
Fox Business (26 Oct 09)
Guess What: The Next Housing Bubble Is Already Under…
A Million Frozen Out Of Mortgage Market
The Independent (20 Oct 09)
FDIC Failed to Limit Commercial Real-Estate Loans, Reports Show
Bloomberg.com (20 Oct 09)
Irish House Prices To Fall 45pc As Deb…
Foreclosures Continued to Rise in 3rd Quarter as Banks Worked on Backlog
The Washington Post (16 Oct 09)
A Secret Deal Between Wall Street and Washington Shines a Harsh Light on Federal Housing Agenc…
Reverse Mortgages May Be Next Subprime, Center Says (Update1)
Bloomberg.com (08 Oct 09)
Reverse Mortgages Lose Their Luster
Forbes.com (06 Oct 09)
Firms Are Getting Billions, but Homeowners Still …
The End of The Fixer-upper?
Hot Air (23 Sept 09)
TARP & Ginnie Mae: You Get Used to Anything, Sooner or Later it Becomes Your Life
The Automatic Earth (10 Sept 09)
CIC Looks to Pile Cash Into U.S. Real Estate
The Wall Street Journal (09 Sept 09)
Loan Losses Spark Concern Over FHA
The Wall Street Journal (04 Sept 09)
China Said to be Buying U.S. Mortgages
CNN Money.com (17 aug 09)
BofA’s Countrywide Loses Court Ruling on Mortgages
Yahoo Finance (20 Aug 09)
Update 1-US Commercial Property Values Off 17 pct in H1-IPD
Reuters (14 Aug 09)
Fed Focusing on Real-Estate Recession as Bernanke Convenes FOMC
Bloomberg.com (10 Aug 09)
Fannie Mae Seeks $10.7B in US Aid After 2Q Loss
Yahoo News (06 Aug 09)
U.S. Considers Remaking Mortgage Giants
The Washington Post (06 Aug 09)
Fla. Highrise Has 32 Stories, But Just 1 Tenant
Yahoo News (01 Aug 09)
Man Withdraws $190,000 in $20 Bills After Being Denied A Mortgage
Consumerist.com (23 July 09)
Why Banks Prefer Foreclosures over Mortgage Modifications
Seeking Alpha.com (08 July 09)
‘Shadow’ Inventory May Slow Housing Recovery
NPR (08 July 09)
Lenders Avoid Redoing Loans, Fed Concludes
Boston.com (07 July 09)
U.S. Mortgage Fraud ‘Rampant’ And Growing-FBI
Reuters (07 July 09)
S&P Downgrades Prime Jumbo Mortgage Securities
Market Watch (23 June 09)
The Age-Based Discrimination Continues
Bank Free Investing (23 June 09)
U.S. Foreclosure Filings Top 300,000 as Bank Seizures Loom
Bloomberg.com (14 June 09)
Judge Upholds Three-word Foreclosure Strategy
ABC.7 (29 May 09)
Foreclosure Starts Hit One Million Mark
Investment Watch (02 June 09)
Top Ten Things to Know if You’re Interested in a Reverse Mortgage
Home & Communities
Reverse Mortgages: Get the Facts Before Ca…
U.S. Home Prices Fall 18.7 Percent on Year in March
Reuters (26 May 09)
Officials Weigh Having One Mortgage Regulator
The Wall Street Journal (20 May 09)
Home Prices in U.S. Drop Most on Record in Quarter (Update3)
Bloomberg.com (14 May 09)
Fannie Mae to Tap $19 Billion in Treasury Capital (Update2)
Bloomberg.com (08 May 09)
Lies a New Tool in For…
U.S. House Passes H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009
Appraisers.org (07 May 09)
More Than One in Five Homeowners Underwater: Zillow
Yahoo Finance (06 May 09)
Fredd…
Obama Expands Housing Help to Include Second Mortgages
Truthout (28 Apr 09)
Here It Comes” (Prime Delinquencies)
Market-Ticker (22 April 09)
What Might Be Hurting Home Values
The Washington Post (28 March 09)
The Appraisal Bubble
Public Integrity (14 April 09)
With Advocates’ Help, Squatters Call Foreclosures Home
The New York Times (…
Frank Seeks Strict Mortgage Rules
CNN Money (06 April 09)
Fannie Mae and Freddie Mac Receive $46 Billion From Treasury
Bloomberg.com (02 April 09)
KPMG Hit With Lawsuit Over New Century Collapse
Reuters (01 April 09)
Dan Rather Reports 407: Elizabeth Warren
mefeedia(13 March 09)
STATE-BY-STATE GRAPHIC: Foreclosures in 2008
WASHINGTON — More than half of the nation’s foreclosures last year took place in 35 counties, a sign that the financial crisis devastating the nationa…
Tracking the $700 Billion Bailout
The New York Times (02 March 09)
Glenn Beck’s Heart-stopping Housing Chart
YouTube
“The Bezzle” Defined
The Market Ticker (08 March 09)
Mortgage Bailout to Aid 1 in 9 U.S. Homeowners
The Wall Street Journal (05 March 09)
This is it! Where’s The Note, Who’s The Holder: Enforcement Of Promissory Note Secured By Real Estate
Livinglies…
Bloomberg News: Goldman Sachs Group Inc. wants to repay the $10 billion it got from the U.S. Treasury last year to signal the firm is healthy and to escape limitations that were imposed with the mon…
What Companies Are Actually Doing Well?
NY Times (20 Jan 2009)
The Economy Gets Top Billing, but Congress May Also Try to Revamp 401(k) and IRA Plans
Yahoo Finance (22 Jan 2009)
Treasury Nominee Gei…
Home Foreclosures and Taxes
kiplinger.com (18 Dec 2008)
New Rules on Home-Sale Profits
kiplinger.com (17 Dec 2008)
New Tax Breaks for Homeowners
kiplinger.com (15 Dec 2008)
I have been searching for updates on Bloomberg’s lawsuit seeking disclosure of collateral held by the Fed in exchange for a trillion plus in loans. Kudo’s to Bloomberg’s Mark Pittman for his coverage …
So the Governor of Illinois decides to pull the plug on Bank of America:
Illinois Governor Cuts off Bank of America After Chicago Factory-Worker Sit-In
And look what happens:
Illinois Governor Ar…
I just got my box of mint oil drams from Crosby Mint Farm. It is excellent. In fact, I sent the planned presents out to the Solari team, so I am out and ordering more today. These make great presents …
President-elect Obama and his transition team now have 77 days to assemble a staff and Cabinet, determine the chief policies and goals for their first term and year in office, rework the federal budge…
Building Flawed American Dreams
NY Times (18 Oct 2008)
Illinois Sheriff Scolds Banks for Evictions of ‘Innocent’ Renters
CNN (9 Oct 2008)
Mortgage Crisis Is Foreseen in Housing Owned by Private Equity Firms
NY Times (5 Oct 2008)
Fed Pumps Further $630 Billion Into Financial System
By Scott Laman & Craig Torres – Bloomberg.com (29 Sep 2008)
Adjusted Monetary Base – 25 Sep 2008
St. Louis Federal Reserve
Financial Sense Ne…
Sub-Prime as a Black Catastrophe
By Melvin L. Oliver & Thomas M. Shapiro – American Prospect (22 Sep 2008)
Produce The Note “How-To”
The Consumer Network Warning – Video Collection
Freddie and Fannie Bank Losses Grow
By Saskia Scholtes – Financial Times (23 Sep 2008)
~ Click here to view the full Freddie and Fannie Become Penny Stocks article.
Oh, boy. The Solari network does it again.
It turns out that David Hisey, the Chief Financial Officer of Fannie Mae appo…
The New York Times has posted a draft copy of the U.S. Treasury bail out bill.
As a practical matter, this bill gives the U.S. Secretary of the Treasury – the former chairman of one of the Wall Stree…
~ Click here to view the full Freddie and Fannie Become Penny Stocks article.
Everybody knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like the…
~ Click here to view the full Freddie and Fannie Become Penny Stocks article.
The financial press this morning reports that Daniel Mudd, the retiring CEO of Fannie Mae, is leaving with a severance pa…
~ Click here to view the full Freddie and Fannie Become Penny Stocks article.
Whether you want to attribute the Federal Reserve and US Treasury’s success to the deflationary effects of globalization …
~ Click here to view the full Freddie and Fannie Become Penny Stocks article.
On July 23, when I and my Community Business segment were spiked from KPFA radio, Fannie Mae stock was trading at $15 and…
~ Click here to view the full Freddie and Fannie Become Penny Stocks article.
Who were the lobbyists on Fannie Mae and Freddie Mac’s payroll? Who were the politicians who enjoyed their financial supp…
~ Click here to view the full Freddie and Fannie Become Penny Stocks article.
Overwhelming American communities with mortgage, auto and credit card debt as we shift manufacturing and research capacit…
U.S. Takeover of Fannie, Freddie Offers ‘Stopgap’
By Rebecca Christie & John Brinsley – Bloomberg.com (8 Sep 2008)
Treasury Statement on Fannie Mae, Freddie Mac
Reuters (7 Sep 2008)
In Rescue to…
Fannie Mae, Freddie Mac Bailout Near
TheStreet.com (5 Sep 2008)
Freddie, Fannie Shareholders To Be Wiped Out
U.S. Rescue Seen at Hand for 2 Mortgage Giants
By Stephen Labaton & Andrew Ross Sorkin…
Three Fannie Mae Execs Out, Shares Rally Earlier
By Al Yon – Reuters (27 Aug 2008)
Fannie, Freddie Capital Can Absorb Losses: Report
By Al Yoon – Reuters.uk (26 Aug 2008)
China Warns U.S. Against Fa…
Still Bleeding – Fannie, Freddie and Lehman Ensure August is Anything But Quiet
From The Economist (20 Aug 2008)
Russia Will Not Dump Fannie, Freddie Debt: FinMin
By Toni Vorobyova – Reuters.uk (21 A…
Articles Relating to Mortgage Servicing Fraud
Stop the Housing Bailout
At stopthehousingbailout.com (30 Jul 2008)
Ex-convicts Active in Mortgage Fraud
By Jack Dolan, et al – MiamiHerald.com
Housing Market Meltdown Causes Massive Losses
By Dean Baker – The Center for Economic & Policy Research (9 Jul 2008)
Mortgage Ruling Could Shock U.S. Banking Industry
By Gina Keating – Reuters (30 Jun 2008)
Countrywide’s Pressures Mount
By Ruth Simon – Wall Street Journal (26 Jun 2008)
“The legal and financial pr…
Hundreds Swept up in Mortgage Fraud Arrests
By Lara Jakes Jordan – Associated Press (19 Jun 2008)
With Builder in Bankruptcy, Buyers Are Left Out
By David Streitfeld – New York Times (3 Jan 2008)
Foreclosures in Military Towns Surge at Four Times U.S. Rate
By Kathleen M. Howley – Bloomberg.com (2…
Mr. Mortgage on April Foreclosures in California
By Mr. Mortgage – Implode-o-Meter.com (13 May 2008)