| May-01-2008 - Market anomalies skew home-price data, providers agree |
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| Apr-04-2008 - Analysis: Fed Bearing Brunt of Blame |
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| Mar-30-2008 - Pay more to sell a home faster |
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| Mar-30-2008 - Turn Your Home into a Boardinghouse |
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| Mar-28-2008 - JPMorgan memo shows dirty tricks of mortgage trade |
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| Mar-11-2008 - Economists See US Avoiding Recession |
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| Mar-07-2008 - Buying in a Rocky Housing Market |
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| Mar-05-2008 - House`s - Screaming Deals |
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| Mar-05-2008 - What`s My House Worth? |
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| Feb-18-2008 - State Regulators Going After Wall Street |
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| Feb-14-2008 - Hope Now or hope denied? When loan work-outs don`t work out |
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| Feb-03-2008 - Where a recession is already hitting hard |
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| Jan-30-2008 - U.S. 10-city home price drop a record in Nov: S&P |
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| Jan-30-2008 - Home Foreclosure Rate Soars in 2007 |
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| Jan-22-2008 - Stunning jump in foreclosures |
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| Jan-17-2008 - Home Sellers` Pain Is Renters` Gain |
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by Nick Timiraos
Thursday, January 17, 2008provided by
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| Jan-17-2008 - Dirty Deeds |
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| Jan-17-2008 - Home Construction Drops 25 Percent |
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| Jan-09-2008 - Good Mortgage Rates Are Still Out There |
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TheStreet.com
Monday December 17, 10:32 am ET
ByJonathan Diamond, Special to TheStreet.com
While each day seems to bring more bad housing-related news, there is still money available at reasonable rates to finance the purchase of a home or refinance the loan on an existing home -- for the right borrowers.
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| Jan-08-2008 - Mortgage Industry Lays Off 86,000 in 2007 |
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| Jan-08-2008 - Holiday Break Causes Housing Inventories to Drop |
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| Jan-03-2008 - To Buyers From Abroad, U.S. Looks Like A Bargain |
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| Dec-31-2007 - Existing Home Sales Edge Up 0.4 Percent |
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| Dec-26-2007 - October Home Prices Post Record Decline |
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| Dec-26-2007 - Blame abounds for housing bust |
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| Dec-26-2007 - Property-Tax Frustration Builds |
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by Amy Merrick
Wednesday, December 26, 2007provided by
States, Cities Revise Strategy as Homeowners Protest Rising Levies
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| Dec-21-2007 - Bush Signs Mortgage Tax Relief Into Law |
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Daily Real Estate News | December 21, 2007
President George W. Bush signed legislation into law on Thursday that will ease the tax burden for home owners who have had debt forgiven on a mortgage due to a foreclosure, short sale, or deed in lieu of foreclosure. The bill — Mortgage Forgiveness Debt Relief Act — has been supported by NAR since the 1990s.
http://www.realtor.org/RMODaily.nsf/pages/News2007122101?OpenDocument
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| Dec-16-2007 - Greenspan: Give Homeowners Financial Aid |
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| Dec-16-2007 - Fed Taking on Abusive Lending Practices |
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| Dec-11-2007 - Homeowners` equity fading away |
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| Dec-10-2007 - Mortgage Crisis Forces Big Cuts at WaMu |
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| Dec-10-2007 - Mortgage bailout just makes it worse |
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| Dec-07-2007 - Best Blue-Chip Real Estate Investments |
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By Matt Woolsey, Forbes.com
Dec. 7, 2007
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| Dec-06-2007 - Bush subprime plan limited but a step forward |
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| Dec-06-2007 - Straight Talk on the Mortgage Mess from an Insider |
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| Dec-05-2007 - Five-Year Mortgage Rate Freeze Looms |
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| Dec-05-2007 - BACK TO EARTH: Skyrocketing Property Prices Returning to Regular Orbit |
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| Dec-04-2007 - Subprime Debacle Traps Even Very Credit-Worthy |
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| Dec-02-2007 - Investors cash in on foreclosure fire sale |
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| Dec-02-2007 - Rehabbers Cash in on Foreclosed Houses |
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| Dec-02-2007 - Northeast Home Prices Remain Strong |
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| Dec-02-2007 - It`s harder than ever to get loans |
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Residential mortgages were more difficult to get over the past three months than at any time in the 17-year history of the Federal Reserve's survey of banks. Standards for other types of loans tightened too, while demand fell.
By Rex Nutting, MarketWatch
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| Dec-02-2007 - Foreclosures up nearly 100% |
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| Dec-02-2007 - Fantasizing about foreclosures? Novice investors beware |
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Buying homes at auction is fraught with risk, and it takes a big investment of time as well as money.
By Mike Gius, bankrate.com
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| Nov-29-2007 - US Foreclosure Filings Up 94 Pct in Oct. |
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| Nov-29-2007 - Jobless Claims Jump Sharply |
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| Nov-28-2007 - Supply of homes on market at 22-year high |
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Last Update: 3:03 PM ET Nov 28, 2007
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| Nov-22-2007 - S&P: 3Q Home Prices Fall by 4.5 Percent |
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| Nov-05-2007 - Bill Gross - Subprime Mortgage Market a "$1 trillion problem" |
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| Nov-01-2007 - Foreclosure Filings Soar in 3rd Quarter |
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| Oct-15-2007 - Housing Crushing Econony |
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| Oct-15-2007 - Banks Keep Playing with Fire |
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| Oct-14-2007 - Banks May Pool Billions to Stop Securities Sell-off |
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| Oct-13-2007 - Is Commercial Real Estate The Next Subprime? |
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| Oct-11-2007 - Countrywide`s September loan fundings down 44% |
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Real Estate Articles from Inman News
Lender cut 4,573 positions in loan originations in one month
Thursday, October 11, 2007
Inman News
Countrywide Financial Corp. said today it laid off nearly 5,000 workers in originations during September as mortgage loan fundings fell 44 percent from a year ago to $21 billion.
Delinquency rates on Countrywide's $1.46 trillion servicing portfolio also jumped to.... http://www.inman.com/hstory.aspx?ID=64878
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| Oct-11-2007 - Few lenders are willing to make mortgage modifications, survey says |
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| Oct-11-2007 - Foreclosure Filings Nearly Double |
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AP
Thursday October 11, 8:07 am ET
By Alex Veiga, AP Business Writer
U.S. Foreclosure Filings Nearly Double in September Over Same Month a Year Ago
LOS ANGELES (AP) -- Foreclosure filings across the U.S. nearly doubled last month compared with September 2006, as financially strapped homeowners already behind on mortgage payments defaulted on their loans or came closer to losing their homes to foreclosure, a real estate information company said Thursday.
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| Oct-11-2007 - Weak home prices, not rate resets, drive defaults |
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| Oct-11-2007 - ZipRealty to cut jobs on housing woes |
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Real Estate Articles from Inman News
Brokerage company lowers earnings guidance for 2007
Thursday, October 11, 2007
Inman News
Citing the continued slowdown and uncertainty in the nation's housing markets, ZipRealty today said it plans to eliminate jobs and take other cost-cutting measures, and lowered its earnings guidance for 2007.
Some real estate markets have been hit hard this year by slowing sales and tightened lending standards, which have squeezed the pool of buyers and softened demand. The National Association of Realtors this week said... http://www.inman.com/hstory.aspx?ID=64880
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| Oct-11-2007 - Foreclosure filings rate drops 8% in September |
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Real Estate Articles from Inman News
Nevada remains leader in rate of foreclosure filings per household
Thursday, October 11, 2007
Inman News
Foreclosure filings nearly doubled in the past year but declined 8.4 percent in September compared to August, according to data company RealtyTrac.
The company reported 223,538 foreclosure filings -- including default notices, auction sale notices and bank repossessions -- ... http://www.inman.com/hstory.aspx?ID=64869
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| Oct-03-2007 - Democrats to Unveil Foreclosure Plan |
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AP
Wednesday October 3, 10:55 am ET
By Alan Zibel, AP Business Writer
Democratic Lawmakers to Call on White House to Create Special Mortgage Market Adviser
WASHINGTON (AP) -- Top congressional Democrats will call Wednesday for the Bush Administration to appoint an adviser to coordinate the federal government's response to mounting foreclosures around the country.
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| Sep-27-2007 - New-Home Sales Tumble to 7-Year Low |
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AP
Thursday September 27, 5:23 pm ET
By Jeannine Aversa, AP Economics Writer New-Homes Sales Tumble to 7-Year Low in August
WASHINGTON (AP) -- New-homes sales tumbled in August to the lowest level in seven years, a stark sign that the credit crunch is aggravating an already painful housing slump.
Sales of new homes dropped 8.3 percent in August from July, the Commerce Department reported Thursday, driving down sales to a seasonally adjusted annual rate of 795,000. That was the lowest level since June 2000.
This is just hideous," said Ian Shepherdson, chief economist at.... http://biz.yahoo.com/ap/070927/economy.html?.v=47
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| Sep-27-2007 - Mortgage meltdown: Vulture investors |
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Real estate investors are betting on bargains in depressed markets they think are ready to bounce back.
By Les Christie, CNNMoney.com staff writer
September 27 2007: 6:38 PM EDT
NEW YORK (CNNMoney.com) -- Real estate investor Matthew Martinez is the point man for a private equity group that plans to invest $200 million in Florida condo developments.
But recent forecasts show many housing markets in the Sunshine State are looking at double-digit drops in home prices. What is he thinking?.... http://money.cnn.com/2007/09/24/real_estate/vultures_circling/index.htm?postversion=2007092710
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| Sep-27-2007 - Bill would kill tax on `phantom income` from foreclosures, workouts |
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Real Estate Articles from Inman News
Tighter capital gains rule proposed to compensate for lost revenue
Thursday, September 27, 2007
Inman News
A bill that would give homeowners facing foreclosure a tax break when lenders forgive part of their debt would make up for lost revenue by collecting more capital gains taxes on the sales of some second homes claimed as primary residences.
HR 3648, the Mortgage Forgiveness Debt Relief Act of 2007, would.... http://www.inman.com/inmannews.aspx?ID=64710
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| Sep-25-2007 - Home prices post steepest drop in 16 years |
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The decline is accelerating, with prices falling faster in every month since the start of the year.
By MSN Money staff with wire reports
The housing market just got even uglier.
A decline in U.S. housing prices in July was the steepest drop in 16 years, according to the nationwide S&P/Case-Shiller home price index released this morning.
The downturn in the U.S. housing market has been blamed for creating turbulence in.... http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/HomePricesInSteepestDropInSixteenYears.aspx
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| Sep-21-2007 - House prices to drop much lower: Greenspan |
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| Sep-21-2007 - HSBC to close non-prime wholesale mortgage lender |
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| Sep-19-2007 - Housing Slump May Produce a Recession |
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AP
Wednesday September 19, 12:57 pm ET
By Alan Zibel, AP Business Writer Economist: Housing Downturn Raises 'Significant Risk' of a Recession
WASHINGTON (AP) -- An economist who has long predicted this decade's housing market bubble would deflate said the residential real estate downturn could spiral into "the most severe since the Great Depression" and could lead to a recession.
Yale University economist Robert Shiller's written comments to lawmakers came a day after the Federal Reserve responded to credit market turmoil by slashing the target federal funds rate by a half point to 4.75 percent.
Shiller, in testimony prepared for a hearing of the Joint Economic Committee said the loss of a boom mentality among the public may bring on a... http://biz.yahoo.com/ap/070919/risky_mortgages_congress.html?.v=2
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| Sep-18-2007 - U.S. Home Foreclosures Soar in August |
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AP
Tuesday September 18, 8:32 am ET
By Alex Veiga, AP Business Writer U.S. Home Foreclosures Soar in August, Up 36 Percent From July
LOS ANGELES (AP) -- The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid a national housing slump.
A total of 243,947 foreclosure filings were reported in August, up.... http://biz.yahoo.com/ap/070918/foreclosure_rates.html?.v=6
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| Sep-12-2007 - Group: Housing Woes May Cause Recession |
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AP
Wednesday September 12, 4:03 am ET
By Gary Gentile, AP Business Writer Housing Woes to Push United States to Reach Brink of Recession, Economic Forecast Says
LOS ANGELES (AP) -- Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back on a slow road to recovery by 2009, according to an economic forecast released Wednesday.
The quarterly Anderson Forecast by the University of California at Los Angeles predicts growth in the gross domestic product of just over.... http://biz.yahoo.com/ap/070912/economic_forecast.html?.v=2
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| Sep-12-2007 - Realtors group foresees 8.6 percent drop in existing home sales in 2007 |
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| Sep-10-2007 - The New Money Pit |
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It started with subprime mortgages. Now owners of McMansions are defaulting, and the effects of the housing bust are beginning to ripple through the economy.
Sept. 10, 2007 issue - Walking through the gated community of Black Mountain Vista on a hill in Henderson, Nev., Thomas Blanchard offers a guided tour of real-estate woe. A row of stucco duplexes that recently sold for as much as $500,000 sit empty. "That's a repo," .... http://www.msnbc.msn.com/id/20546324/site/newsweek/?from=rss |
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| Sep-05-2007 - Lay-offs surge 85 pct in Aug vs July: survey |
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Reuters
Wednesday September 5, 8:03 am ET
NEW YORK (Reuters) - Planned U.S. lay-offs rocketed in August as the housing slowdown and subprime mortgage debacle led to record job cuts in the financial sector, an independent report showed on Wednesday.
Announced lay-offs surged 85 percent to 79,459 in August from 42,897 in July, according to Challenger, Gray & Christmas Inc, an employment consulting firm. August's job cuts were the highest since.... http://biz.yahoo.com/rb/070905/usa_economy_jobs_challenger.html?.v=1
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| Sep-05-2007 - Pending Home Sales Sink in July |
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AP
Wednesday September 5, 11:55 am ET
By Alan Zibel, AP Business Writer
Pending Sales of Existing Homes Fell in July to Lowest Level Since September 2001
WASHINGTON (AP) -- Pending sales of existing homes fell in July to the lowest level in nearly six years as borrowers struggled to finalize home purchases, particularly in expensive areas.
The National Association of Realtors said its seasonally adjusted index of pending home sales for July fell 16.1 percent from a year ago and 12.2 percent from the prior month.
July's reading of 89.9 was the second-lowest ever for the index and its lowest since September 2001, when the economy was jolted by.... http://biz.yahoo.com/ap/070905/pending_home_sales.html?.v=14
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| Sep-05-2007 - Survey finds high level of loan failure |
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Investors shying away from riskier borrowers
Updated: 5:54 p.m. ET Sept 5, 2007
WASHINGTON - A third of home loans originated by mortgage brokers failed to close in August as investors shied away from riskier borrowers, a new survey says.
The survey of 1,700 mortgage brokers sponsored by trade publication Inside Mortgage Finance comes... http://www.msnbc.msn.com/id/20611118/
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| Sep-03-2007 - Big bailout might be inevitable |
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One view of the Bush administration's mortgage-crisis action plan, outlined by the president Friday, is that it's a Republican attempt to avoid a larger-scale federal intervention.
But history suggests that a larger-scale government intervention is exactly what we're going to get.
The U.S. loan guarantee for Chrysler Corp. in 1979, the Treasury-engineered refinancing of Latin American debt in 1989, the savings and loan bailout of the early 1990s -- all of these were solutions for problems that were deemed too big for any entity other than Uncle Sam to handle.
What, then, is the current housing bust, if not of the same or even greater import to the economy than the above? A few hours after President Bush spoke.... http://www.latimes.com/business/la-fi-petruno1sep01,1,2984808.column?coll=la-utilities-business&ctrack=2&cset=true
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| Sep-02-2007 - Can the Mortgage Crisis Swallow a Town? |
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| Sep-02-2007 - Bad outlook for homeowners |
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Dean Baker, co-director of the Center for Economic and Policy Research, discusses the possible fallout of the current market chaos.
By Diane Wedner, Los Angeles Times Staff Writer
September 2, 2007
Recent turmoil in the financial market -- specifically the sub-prime mortgage mess -- has focused attention on the impact that a bursting U.S. housing bubble could have on the economy. Dean Baker, co-director of the Washington-based think tank Center for Economic and Policy Research, explained in an interview how the market chaos may affect homeowners and what possible solutions are available. Here is an edited transcript of his comments:.. http://www.latimes.com/classified/realestate/printedition/la-re-qa2sep02,1,3024248.story?ctrack=1&cset=true
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| Sep-02-2007 - Awaiting Subprime’s Fallout |
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By CONRAD DE AENLLE
Published: September 2, 2007
WALL STREET is debating whether difficulties in the credit markets will have a material impact on economic growth. If forecasts for this week’s data prove accurate, the economy would seem to be getting off lightly.
Benign, even encouraging, reports are expected on employment, inflation and manufacturing, with the highlight likely to be the snapshot on Friday of employment conditions in August. A Bloomberg News poll of economists estimates that 115,000 net jobs were created last month, up from 92,000 in July.
That prediction sounds about right to Tobias Levkovich, chief United States equity strategist at Citigroup Investment Research, but he advised investors.... http://www.nytimes.com/2007/09/02/business/yourmoney/02mark.html?ref=business
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