Analysis Topic: Housing Market Price trends
The analysis published under this topic are as follows.
Sunday, October 24, 2010
U.S. Housing Subprime Mortgage Market Securitization Debacle, They Knew What They Were Selling / Housing-Market / Subprime Mortgage Risks
By: John_Mauldin
The Subprime Debacle: Act 2, Part 2
They Knew What They Were Selling
Warning to Mr. Robert Rubin and Management
Popping Through
It's Time for Some Putback Payback
The Worst Deal of the Decade?
At the end of last week's letter on the whole mortgage foreclosure mess, I wrote:
"All those subprime and Alt-A mortgages written in the middle of the last decade? They were packaged and sold in securities. They have had huge losses. But those securities had representations and warranties about what was in them. And guess what, the investment banks may have stretched credibility about those warranties. There is the real probability that the investment banks that sold them are going to have to buy them back. We are talking the potential for multiple hundreds of billions of dollars in losses that will have to be eaten by the large investment banks. We will get into details, but it could create the potential for some banks to have real problems."
Saturday, October 23, 2010
The Mortgage Securitization Scam / Housing-Market / US Housing
By: Bob_Chapman
The foreclosure crisis has set its sights on MERS, the Mortgage Electronic Registration Systems, which files almost all of the foreclosure actions in behalf of lenders. The problem never anticipated by lenders is that the company has no legal standing to do such things. In addition they broke the law by not requiring a notarized document of transfer of title signed by the seller and buyer. That is because they did not own the loans.
Friday, October 22, 2010
Mortgage Mess Comes Back to Haunt Bankers … Again / Housing-Market / US Housing
By: Mike_Larson
Halloween is right around the corner. So it’s only appropriate that — just like some bad horror movie character — the mortgage monster keeps coming back to haunt bankers. Indeed, major financial institutions like Bank of America got pummeled this week amid fear of even MORE losses tied to the mortgage debacle.
What’s at stake? How will this impact the markets? Why do these home loan zombies refuse to die?
Read full article... Read full article...
Thursday, October 21, 2010
Getting Real About U.S. Real Estate, Mortgage-backed Securities and Foreclosures / Housing-Market / US Housing
By: David_Galland
David Galland interviews real estate professional Andy Miller, Miller Frishman Group
In 1990, following the real estate debacle of the 1980s, Andy Miller co-founded SevoMiller, Inc. The company provided workout services for major financial institutions throughout the country and also began buying and developing apartments, retail and office properties. From its founding to the present, the company's acquisitions totaled over 30,000 apartment units, several million square feet of retail space, and numerous office projects throughout the country, including the states of Colorado, Arizona, California, Nevada, Illinois, Texas, Louisiana, Indiana, Oklahoma, Georgia, and Florida.
Read full article... Read full article...
Wednesday, October 20, 2010
Is ForeclosureGate Sloppy Paperwork or Push Button Financial Fraud? / Housing-Market / US Housing
By: Washingtons_Blog
Foreclosure Expert Confirms Mortgages Pledged Multiple Times, Not Actually Securitized, Document Problem Is Really a System of "Push Button Fraud"
Yesterday, I showed that mortgages were fraudulently pledged to multiple buyers at the same time.
Read full article... Read full article...
Wednesday, October 20, 2010
Foreclosure Mortgage Mess, The Second Leg Down in America’s Death Spiral / Housing-Market / US Housing
By: Gonzalo_Lira
Last Friday, Bank of America announced that it was suspending all foreclosure proceedings, presumably until further notice. Other banks have already suspended foreclosures in a whole truckload of states. A nationwide moratorium on foreclosures might soon happen—which would be a big deal: Global Financial Crisis, Part II—Longer, Wider and Uncut.
Wednesday, October 20, 2010
U.S. Housing Market Foreclosure-gate Doomsday Revolution Erupts / Housing-Market / US Housing
By: Chris_Kitze
Foreclosure-gate is heating up and the mad scramble for what's left of $45 trillion in real estate is guaranteed to leave homeowners homeless, pension funds unable to pay their pensions and even some of the biggest banks insolvent. A great housing goat rodeo was created when some of the 65 million mortgages on U.S. homes didn't follow proper legal procedures;
Wednesday, October 20, 2010
U.S. Housing Market Starts Small Increase Inadequate to Make a Positive Contribution to Q3 Real GDP / Housing-Market / US Housing
By: Asha_Bangalore
Housing starts rose 0.3% to an annual rate of 610,000 in September. In the third quarter, housing starts declined at an annual rate of 8.2% after a 9.4% drop in the second quarter. Starts of single-family units moved up 4.4% in September, but the third quarter average fell 36.9% vs. a 23.3% drop in the second quarter. Permit extensions for single-family units rose a paltry 0.5% to an annual rate of 405,000 in September, implying a possible decline in construction of new homes in October.
Read full article... Read full article...
Tuesday, October 19, 2010
U.S. Mortgage Crisis Act II, Securitization Meets Loan Notes / Housing-Market / US Housing
By: Mark_B_Rasmussen
This is an $11 Trillion market. Apx. 42 million mortgages were created from 2003 – 2009. Was Sub-Prime a light shower?
Inquiring minds want to know.
Read full article... Read full article...
Tuesday, October 19, 2010
When Will the U.S. Housing Market Bust End? / Housing-Market / US Housing
By: DailyWealth
Ten thousand a month... That's how many foreclosures Palm Beach, Florida-based GMAC-employee Jeremy Stephan was required to sign off on. His signature confirmed the paperwork was all in order, kicking off the foreclosure process.
Think about that... That's 2,500 foreclosures a week... 500 a day...
Sunday, October 17, 2010
Are ALL Mortgage Backed Securities a Scam? / Housing-Market / US Housing
By: Washingtons_Blog
Pensions and other large investors may sue the banks which sold them mortgage backed securities (mbs) based upon fraudulent misrepresentation.
Sunday, October 17, 2010
Foreclosure Mess, Subprime Debacle Act2, Where is the U.S. Housing Market Recovery? / Housing-Market / US Housing
By: John_Mauldin
There's trouble, my friends, and it is does indeed involve pool(s), but not in the pool hall. The real monster is hidden in those pools of subprime debt that have not gone away. When I first began writing and speaking about the coming subprime disaster, it was in late 2007 and early 2008. The subject was being dismissed in most polite circles. "The subprime problem," testified Ben Bernanke, "will be contained."
Friday, October 15, 2010
BubbleOmics: U.S. Office Price Index Forecast to 2013 / Housing-Market / US Housing
By: Andrew_Butter
My view is that the office market in USA has bottomed.
No particular reason, just I’ve been tracking office prices for twenty years and that’s what I think. Although you could argue that since I haven’t visited USA for three years and that was only for a week (during which time, interestingly I got a guided Sunday tour of Fannie or Freddy’s head office (can’t remember which), by the architect who designed it, and who was trying to impress me (he did, and he got the job, and then he screwed me (but that’s another story)).
Read full article... Read full article...
Friday, October 15, 2010
U.S. Banks Mortgage Fraud, Take Action- Demand To see Your Mortgage Note / Housing-Market / US Housing
By: Submissions
CBS News' Rebecca Jarvis discusses the brewing mortgage fraud scandal and how important it is for homeowners to demand to see their original mortgage note.
Friday, October 15, 2010
Mortgagegate Could Crush the U.S. Banking System / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes:
What most Americans don't know about " Mortgagegate" is that "robo-signing" of foreclosure documents is the tip of the iceberg.
The breadth and depth of this newest mortgage crisis is so dangerous that the U.S. Federal Reserve last month pre-announced another potential round of quantitative easing (pundits are calling it "QE2") to address "potential negative shocks."
Read full article... Read full article...
Friday, October 15, 2010
U.S. Mortgage Fraud, Greenspan Was Right, So Was Jesus / Housing-Market / US Housing
By: Andrew_Butter
In his “book” The Age of Turbulence which was written before the full horror of the financial catastrophe was even imagined, Alan Greenspan devoted just four pages to the subject of financial regulation.
His big point was that many regulations, often hastily conceived, need to be trimmed back and simplified over time. And that complexity in regulation that grows out of multiple agencies, and multiple initiatives is not a good idea.
Read full article... Read full article...
Thursday, October 14, 2010
Getting Real about U.S. Real Estate / Housing-Market / US Housing
By: David_Galland
David Galland, Managing Director, Casey Research writes: In 1990, following the real estate debacle of the 1980s, Andy Miller co-founded SevoMiller, Inc. The company provided workout services for major financial institutions throughout the country and also began buying and developing apartments, retail and office properties. From its founding to the present, the company’s acquisitions totaled over 30,000 apartment units, several million square feet of retail space, and numerous office projects throughout the country, including the states of Colorado, Arizona, California, Nevada, Illinois, Texas, Louisiana, Indiana, Oklahoma, Georgia, and Florida.
Wednesday, October 13, 2010
Banks Laundering Counterfeit Mortgages, The Largest Financial Fraud in World History! / Housing-Market / US Housing
By: Washingtons_Blog
A "false front" building from the Old West. Towns built false fronts to make the town look more substantial and prosperous than it really was.
The tidal wave of evidence showing that the giant banks have engaged in fraudulent foreclosure practices is so large that the attorneys general of up to 40 states are launching investigations.
Read full article... Read full article...
Monday, October 11, 2010
Bank Shot, Nobody Can Buy or Sell Property / Housing-Market / US Housing
By: Submissions
James Howard Kunstler writes: The banking authorities were shocked - shocked - to discover last week that an awful lot of mortgage paper in this country is not quite in order... appears to contain, er, irregularities... seems less than kosher... frankly, exudes an odor like unto dead carp or, shall we say, a heap of dead carp the size of the building at 3900 Wisconsin Avenue, N.W., Washington, D.C. Any day now we will hear that... mistakes... were... made.
Read full article... Read full article...
Monday, October 11, 2010
U.S. Housing Market Buyers Sideline Foreclosed Properties Due to Unclear Titles / Housing-Market / US Housing
By: Mike_Shedlock
Would you buy a foreclosed home now, knowing full well the title may be clouded by mortgage fraud? I wouldn't. Anyone who would without title insurance is asking for a huge legal mess.
Moreover, because of fraudulent procedures, bank of America and other companies have halted all foreclosures. See 40 State Attorneys General to Investigate Mortgage Fraud; Bank of America Halts Evictions Nationwide; Senator Reid Calls for More Suspensions, A nationwide halt in foreclosures for details.