Category: US Housing
The analysis published under this category are as follows.
Tuesday, March 20, 2007
The United States of Foreclosure - Subprime fiasco to trigger Stock Market Crash / Housing-Market / US Housing
By: Mike_Whitney
The stock market is about to crash. The only question is whether it will quickly fall down the elevator shaft or follow the jerky flight-path of a man pushed down a stairwell. Either way, the outcome will be the same; stocks will nose-dive, the dollar will plummet, and the bruised US economy will be splattered on the canvas like George Foreman in Rumble in the Jungle.Troubles in the sub-prime market have just begun to materialize and already 38 main sub prime lenders have gone kaput. Foreclosures have reached a 37 year high, and an estimated 2 million homeowners will be put out on the street in the next few years.
And that's just for starters.
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Saturday, March 17, 2007
What I'm seeing in the US Housing Market now / Housing-Market / US Housing
By: Money_and_Markets
The last few weeks have been disastrous for the major homebuilders and mortgage lenders. The stocks have been crushed across the board. I'm not talking about a few percentage points. I'm talking about …
A 45% plunge in subprime mortgage company Fremont General (NYSE: FMT) in just 12 trading days …
A whopping 87% five-day collapse in New Century Financial , some of which took place on the Pink Sheets because the New York Stock Exchange suspended the shares …
A multi-week, 24% decline in the shares of homebuilder Centex (NYSE: CTX) …
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Thursday, March 15, 2007
US Subprime Mortgage Meltdown - Financial Fiascos Everywhere! / Housing-Market / US Housing
By: Clif_Droke
“Millions at risk of losing homes” was the headline on the news wires on Wednesday, March 14. This happened on the day when the stock market showed a positive intraday reversal on strong trading volume. Obviously, the stock market wasn't put off by this negative piece of news.
If it were true that millions of Americans risk losing their homes over the sub-prime mortgage fiasco, the market would have already tanked by now.
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Wednesday, March 14, 2007
US Housing Mortgage Sector Meltdown - From the Sub-Prime to the Ridiculous / Housing-Market / US Housing
By: Peter_Schiff
With the meltdown in the sub-prime mortgage sector now laid bare, many on Wall Street desperately cling to the notion that the pain will be localized. The prevalent delusion is that the overall mortgage, housing and stock markets will be little impacted by the carnage ravaging the sub-prime sector.
As such, renewed stock market weakness is seen as an over-reaction and a great buying opportunity. These assumptions represent wishful thinking in the extreme.
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Wednesday, March 14, 2007
A Bailout of the US Housing Market before the Bust ? / Housing-Market / US Housing
By: Brady_Willett
Mortgage Bankers Association Chief Economist, Douglas Duncan, believes that mortgage activity is set to dip and that “there's no question that the decline in [mortgage] volume will reveal excess capacity”. Although Mr. Duncan isn't painting on overly grim picture, it is worth pointing out that he offered this negative outlook more than 3-years ago …Nearly Three Years of Insanity All But Over
As it would turn out, the so called ‘excess capacity' in the mortgage industry wasn't shed in 2004, it was simply utilized to push more ‘creative' mortgages.
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Sunday, March 11, 2007
China and the Hedge Fund Dragon - Subprime Mortgage Market continues to Implode / Housing-Market / US Housing
By: John_Mauldin
This week we look at the possible latest entry into the hedge fund world, The People's Republic of China; review the cockroach principle of subprime mortgages; and investigate the possibility of whether we need more derivatives and not less than the $283 trillion or so we now have. It's a lot to cover, but it should all be interesting.
And speaking of China, we all read the stories about the rapid growth of the economy, the increasing percentage of the growth in demand for commodities and energy that comes because of that growth, the increased trade deficit with the US, and the rapid increase in foreign reserves.
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Friday, March 09, 2007
The next wave of the US Housing Market Crash - Apartment REITs / Housing-Market / US Housing
By: Money_and_Markets
I told you about the housing sales and pricing declines before they happened …
I told you that the subprime mortgage industry would end in disaster before the stocks blew up …
And today, I want to tell you about the next major group of companies that I think are going to get hit from the housing bust. I'm talking about apartment Real Estate Invest Trusts (REITs).
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Thursday, March 08, 2007
Subprime mortgages hit Banking sector and likely to lead to further Stock Market Falls / Stock-Markets / US Housing
By: Marty_Chenard
Let's look at a 3 year picture of the S&P 500 versus the Banking Index today.
Why is it important to look at the Banking Index at this time?
The answer is, "because of mortgages, the home building industry, and a credit contraction."
First, the home building industry caved in, but our economy seemed unaffected.
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Sunday, February 25, 2007
Foreclosure USA - US Housing Bust, Debt and Democracy Lost / Politics / US Housing
By: Joel_S_Hirschhorn
We the people once owned our democracy. We elected "representatives" to run it for US. Have you noticed? Somewhere along the way we lost our democracy. It was foreclosed by wealthy and power elites that corrupted our "representatives" who literally sold us out. Our homeland was foreclosed right in plain sight. Sure, we citizens still reside in the USA, but we no longer own our democracy. We pay rent through our taxes. But we no longer have any equity. Our democracy is owned by the rich, and their partner foreign elites and governments, which is why in a strict sense it no longer is a democracy, but rather a plutocracy. Read full article... Read full article...
Saturday, February 10, 2007
US housing market - Subprime lending sector spiraling south ! / Housing-Market / US Housing
By: Money_and_Markets
ContiFinancial ... EquiCredit ... The Money Store ... Southern Pacific Funding. Maybe you've never heard of them, but they were the subprime mortgage lending stars of the mid-to-late 1990s.
They specialized in making loans to borrowers with bad credit, little or no down payments, and a host of other problems. Once they made loans, they'd sell them off to Wall Street firms and other investors, who would help package them together into bonds — a process known as “securitization.” The subprime lenders would use the proceeds to make additional mortgages, and the process would start all over again.
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Sunday, September 17, 2006
IMF Warns Housing Market could slow US GDP growth / Economics / US Housing
By: Sarah_Jones
The International Monetary Fund warned that the U.S. economy is headed for a slowdown caused by a cooling housing market, and that could drag on global growth.
The IMF revised downward its forecast for U.S. economic growth to 2.9 percent for 2007 from an estimate of 3.3 percent in April. This year, the U.S. is seen expanding 3.4 percent, the fund projected in its semiannual World Economic Outlook.
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Sunday, September 10, 2006
The Effects of a US Housing Market Crash / Housing-Market / US Housing
By: Sarah_Jones
House prices across the atlantic continue to tumble across the board, with the National Association of Realtors, reporting a price fall of 1.7 per cent last month to $225,000 (£118,000), while sales of existing homes drop 0.5% to an annual rate of 6.3 million. At the same time, ever more owners are being forced to put properties on the market as mortgage rates have steadily risen, further dimming prospects of an improvement in the short term. The total of existing homes on the market is now the highest since April 1993.
As house prices fall, there will likely be many more defaults on mortgage products, such as ARM (adjustable rate mortgages), which the US borrowers were not used to a floating interest rate instead having relied on fixed rate products, now as interest rates have risen to 5.25% from just 1% have seen a surge in foreclosures reaching some 116,000 in August, up 53% on a year ago.
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