Contents Pages by Subject

Housing

Subject Photo
Article Image

Market-ticker.denninger.net

 Did you keep your bomb shelter around after the 50s? You might need it for shelter from this economic storm - the one that all the pundits claim is "over" when in fact we are simply sitting in the eye of a Cat 5 hurricane...

Article Image

financialarmageddon.com

 What made her think the market would come back when rates were going higher, availability of credit was down, incomes were down, unemployment was up and willingness and availability of people to spend was down, she had no answer.

Mobius Nemesis

Today several us showed up for the case of Eason v. Indymac bank. I was, for the first time in my life, impressed by a judge. Judge Buttrick was actually concerned with following the law and doing the right thing. In court? I had never seen that done before and if you know who I am you understand that I have seen a lot of trials and been involved in more than my share. I was almost speechless afterwards. The judge was biased toward doing the right thing and reaching a fqair conclusion. He did not even appear to be concerned that the banks might not like him. What the hell did I just write?  

Article Image

Truthdig.com

 Why was I so naive as to have expected this Democratic president to not do the bidding of the banks when the last president from that party joined the Republicans in giving the moguls everything they wanted?

Article Image

CalculatedRiskblog.com

 The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate (SAAR) of 342 thousand. This is essentially the same as the revised rate of 344 thousand in April.

Article Image

Ritholtz.com/blog

 Existing-home sales fell 3.6% from May 2008. Sales in May 2009 rose 2.4% from April to 4.77 million. Once again, the prior monthly number was revised downwards (4.68 million down to 4.66 million).

Article Image

HousingDoom.com

 The rub is that FHA loans allow borrowers to buy a home with as little as 3.5% down. And with the ability in some cases to use the government’s $8,000 tax credit toward down payment, some folks can grab a house for 0% down.

Article Image

HousingDoom.com

 "They’re probably going to default at a rate that makes subprime look like a walk in the park," warned Rick Sharga , senior vice president for RealtyTrac, a foreclosure research firm in Irvine, Calif.

thelibertyadvisor.com/declare