“China’s home prices fell for a fifth month in January as the government continued to control the property market, the longest losing streak since SouFun Holdings Ltd. (SFUN) started tracking the data.”
“Mitt Romney, the other Republican candidates and President Obama should consider the lessons of George Romney and remember that it’s not enough just to stop what’s not working. We also have to figure out what really works.”
“Senate Republicans took pot shots at the new Consumer Financial Protection Bureau on Tuesday, saying it would require more than 7.6 million man hours alone to comply with a rule on international money transfers.”
“President Barack Obama will announce a package of proposals to jolt the housing market out of its doldrums, including an effort to help more borrowers take advantage of historically low mortgage interest rates, the White House said today.”
“”Institutional racism and the way businesses have taken advantage of it to make money are absolutely at the root of this crisis,””
Malibu housing correction – 2005 saw 50,000+ million dollar home sales in California. In 2010 it was roughly 20,000. Malibu REOs listed at 15 but shadow inventory above 100+ in a prime SoCal beachfront city.
The recent housing data seems to come as a monstrous shock to most reporters. What in the world is happening with lower home prices if mortgage rates are at all-time lows? Contrary to the fact that for the past decade mortgage rates were already at comically low levels thanks to an activist Federal Reserve, demand […]
As financial firms sift through senior liens to assess the underlying credit quality, federal regulators are reminding banks to also study junior liens linked to their portfolios.
The Federal Reserve, the Federal Deposit Insurance Corp., the National Credit Union Administration and the Office of the Comptroller of the Currency released guidance on the issue of assessing […]
The nation's home ownership rate fell for the seventh year in a row, nearly touching levels unseen in 14 years.
U.S. home ownership in the fourth quarter of 2011 dropped 0.5% from the year-ago period to 66%, according to a U.S. Census Bureau report released Tuesday. The rate hasn't dropped that low since 1997 when it […]
The aggregate value of commercial real estate loans serving as collateral for commercial mortgage-backed securities rose to 86.1% in December, up from 85% a month earlier, DebtX said Tuesday.
DebtX, a loan sale adviser, said that's up significantly from December 2010 when loan values for CMBS collateral remained at 79.4%.
"CRE loan prices in December rose to […]
Taxpayers will spend another $27 billion between 2013 and 2022 subsidizing Fannie Mae and Freddie Mac, according to the Congressional Budget Office estimates released Tuesday.
The CBO reduced its estimate by $35 billion from last year's projection of $62 billion because of an upcoming raise in the guarantee fees the mortgage giants will charge lenders. Congress […]