Contents Pages by Subject

Economy - Economics USA

Subject Photo
Article Image

NY Times

Financial conditions are continuing to worsen at Fannie Mae and Freddie Mac, leading investors to prepare for a government bailout of the housing giants even as the Treasury Department and the companies say such taxpayer intervention will not be nece

Article Image

NCTimes.com

Foreclosures ranged from 22.2 percent of resold homes in Orange County last month to 64.4 percent in Riverside County. MDA DataQuick said foreclosures were at record highs and continue to be "the dominant factor" driving sales.

News Link • Global Reported By
Article Image

MrMortgage.ml-implode.com

As one family gets a ‘great deal’ 100 have more equity stripped away, 50 are thrown into an incurable negative-equity situation and 25 default as a result. This leads to even more inventory. It is a vicious cycle; a feedback loop from which there is

News Link • Global Reported By
Article Image

Wall Street Journal

Earlier this year some economists were talking about the world “decoupling” from the U.S., making it through an American downturn relatively unscathed, but the latest data from Europe and Asia appears to be putting holes in that theory and it’s bad n

Article Image

Washington Post

Some critics say the failures aren't happening fast enough. They say regulators are keeping some troubled banks on life support by allowing them to spend money to stay in business that should be reserved to cover loan losses after the bank fails

Article Image

Michael Shedlock / Mish

Fannie Mae is operating at a gross leverage multiple of 72.7 (total assets comprised primarily of mortgage loans, divided by shareholder equity). In other words, a slight 1.4% deterioration in the value of Fannie's book of assets will wipe out al

News Link • Global Reported By
Article Image

NY Post

There's a new land grab starting in America. Foreign money, which up to now has focused its attention on investing in iconic commercial real estate is now moving to scoop up tens of thousands of discounted foreclosed homes across the country.

Article Image

Washington Post

Since the credit crisis erupted a year ago, the Bush administration has presided over one of the broadest expansions of the government into private lending in U.S. history, risking public money to prop up financial firms both large and small.

Article Image

Business Week

The Seattle-based bank reported a $3 billion second-quarter loss last month -- the biggest quarterly loss in its history -- as it increased its loss reserves to more than $8 billion to cover souring loans in its mortgage portfolio.

ContentSafe