Category: US Housing
The analysis published under this category are as follows.
Thursday, November 25, 2010
U.S. New Home Sales Continue to Linger Around Historical Low / Housing-Market / US Housing
By: Asha_Bangalore
Sales of new single-family homes fell 8.1% to an annual rate of 283,000 in October after an upwardly revised gain of 12.0% in September (previously estimated as a 6.6% increase). Sales of new single-family homes have hovered around the historical low of 275,000, recorded in August, for the last six months.
Wednesday, November 24, 2010
U.S. Sales of Existing Homes Fell in October, Inventories Remain a Challenge / Housing-Market / US Housing
By: Asha_Bangalore
Sales of all existing homes fell 2.2% in October, after posting gains in August and September, to an annual rate of 4.43 million. Purchases of existing single-family homes dropped 2.0% to annual rate of 3.89 million in October, putting the year-to-year decline at 28%, the largest drop for the current downturn. On a regional basis, sales of existing homes fell in all regions of the nation in October.
Thursday, November 18, 2010
U.S. Housing Market Continues to Rot, No Rebound in 2011 / Housing-Market / US Housing
By: Money_Morning
Larry D. Spears writes:
The year of 2010 saw very little improvement in the housing sector, and that's not likely to change in 2011.
The industry's weaknesses - high unemployment, tight credit, ineffectual government programs, soaring inventories, plunging prices, and so on - are simply too gaping to be resolved by next year.
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Thursday, November 18, 2010
U.S. Housing Market Starts Were Unimpressive in October / Housing-Market / US Housing
By: Asha_Bangalore
Housing starts fell 11.7% to an annual rate of 519,000, reflecting a 43.5% drop in starts of multi-family units and a 1.1% drop in single-family units to an annual rate of 431,000. Single-family starts have essentially held nearly steady for four straight months (see chart 3). The decline in multi-family starts was the culprit behind the weak headline reading. Multi-family starts are highly volatile and do not speak for the underlying trend of homebuilding activity.
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Saturday, November 06, 2010
ForeClosureGate and The Economic Crisis, Spiralling Gold and Silver Prices / Housing-Market / US Housing
By: Bob_Chapman
Foreclosuregate will soon again dominate the financial news along with the three class action lawsuits – one is a RICO suit, entered against JPMorgan Chase and HSBC for rigging the silver markets.
Friday, October 29, 2010
U.S. Mortgagegate Scandal Puts Taxpayers into the Title-Insurance Business / Housing-Market / US Housing
By: Money_Morning
Shah Gilani writes:
U.S. taxpayers already own pieces of such problem-plagued companies as General Motors Corp., Chrysler LLC, American International Group Inc. (NYSE: AIG), Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC). Now the increasingly problematic "Mortgagegate" saga could land American taxpayers in the trouble-ridden title-insurance business.
Wednesday, October 27, 2010
Case-Shiller U.S. Home Price Index Dips in August as Jobs Outlook Remains Poor / Housing-Market / US Housing
By: Asha_Bangalore
The Conference Board's Consumer Confidence Index increased to 50.2 in October from 48.6 in the prior month. The Present Situation Index rose to 23.9 from 23.3 in September and Expectations Index moved up to 67.8 from 65.5 in September.
Tuesday, October 26, 2010
Existing U.S. Homes Sales Advance, But Inventories Remain Problematic / Housing-Market / US Housing
By: Asha_Bangalore
Sales of all existing homes rose 10% in September to a seasonally adjusted annual rate of 4.53 million units following a 7.3% increase in the prior month. Sales of existing single-family homes increased 10.0% to an annual rate of 3.97 million units during September vs. a 7.1% gain in August. On a regional basis, sales of all existing homes rose in all four regions of the nation, with the gains in the Midwest leading the group.
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?
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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.
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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.
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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.
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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.
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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
Wall Street and White House Blame Homeowners For Foreclosure Crisis / Politics / US Housing
By: Global_Research
Tom Eley writes: Wall Street has raised its voice against any government moratorium on foreclosures, even as evidence mounts that banks systematically and illegally falsified documents in order to expedite hundreds of thousands, or even millions, of foreclosures.
Documented examples of abuse include banks hiring contractors and what one Goldman Sachs executive referred to as “Burger King kids” to process thousands of foreclosure documents per week, all the while declaring to courts they were familiar with the cases. Lenders also falsified signatures, notary stamps, and tossed legal documents into the garbage. Every major bank is implicated in the widening scandal.
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Sunday, October 17, 2010
Report from the Epicentre of Foreclosures Fraud / Politics / US Housing
By: Danny_Schechter
WEST PALM BEACH, FLORIDA: In all of the economic issues we are dealing with, there is always a “back story, a deeper context” that is usually missing, “disappeared” like those Allende supporters in Chile in the l970’s who wanted to empower workers, not just rescue them when they get buried in a deep hole.
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.