Calculated Risk:
From housing consultant Ivy Zelman commenting on the MBA Delinquency report in the NY Times U.S. Mortgage Delinquencies Reach a Record High"I’ve been pretty bearish on this big ugly pig stuck in the python and this cements my (Read More)
Calculated Risk:
On the MBA conference call concerning the "Q3 2009 National Delinquency Survey", MBA Chief Economist Jay Brinkmann said this morning: The problem is moving to prime loans, including fixed rate prime loans, and also FHA loans. (Read More)
Calculated Risk:
From David Streitfeld at the NY Times: Housing Agency Says Cash Reserves Are Down Sharply The Federal Housing Administration said Thursday morning that its cash reserves had dwindled significantly in the last year after a rec (Read More)
Calculated Risk:
Matt Padilla has an interesting chart on REOs and delinquent loans in Orange County, California: Banks hold few foreclosures. The chart shows the number of REOs (bank owned real estate) has dropped sharply while 90+ day delin (Read More)
Matrix:
The St. Louis Fed, in their Economic Synopses publication contained a research piece called Home Prices: A Case for Cautious Optimism (Hat tip: Joe Weisenthal over at BusinessInsider) that does a great job lining up 3 housing (Read More)
BloodhoundBlog:
Robert Worthington is right. Do you want to know how right he is? According to Goldman Sachs, who ought to know about government intervention, the feds interventions into the housing have pushed home prices 5% higher on a n (Read More)
Calculated Risk:
I'm working on a GDP post for later ... Click on graph for larger image in new window.From Doug Short of dshort.com (financial planner).Note that the Great Depression crash is based on the DOW; the three others are for the S& (Read More)
New York Times:
Home prices rose for the third straight month in August, signaling a housing recovery is taking hold, the Standard & Poor’s/Case-Shiller home price index showed.
. (Read More)
Calculated Risk:
From Diana Olick at CNBC: Could HVCC Be History?? The House Financial Services Committee has just passed an amendment to the Consumer Financial Protection Agency Act to sunset the HVCC [Home Valuation Code of Conduct]. ...Now (Read More)
Housing Doom:
Ugh! Another day, another CNBC "housing has bottomed" story. The rationale seems to be that things have bottomed because a well paid analyst says so. Far more convincing however, is this CNN story on how home prices still (Read More)
Calculated Risk:
Emile Brinkmann, MBA Chief Economist, testified today before the Senate Committee on Banking, Housing and Urban Affairs at a hearing titled, "The State of the Nation's Housing Market." Here are some excerpts: "... Whenever I (Read More)
Calculated Risk:
Update: see bottom of post for Q&A."While we seeing some initial signs of consumer credit stability, we are not certain that this trend will continue."JPMorgan CEO Jamie Dimon, Oct 14, 2009A few excerpts (ht Brian):JPM: “We (Read More)
Seattle Real Estate ~ Rain City Guide:
King County Home Prices, and what is causing them to go up or down, is dramatically different from one area to the next. I often think about the many who track short sales and bank owned sales, and the growing number of them, (Read More)
Calculated Risk:
“I don’t think it’s a bad thing that the bad loans occurred. It was an effort to keep prices from falling too fast. That’s a policy.”Barney Frank, chairman of the House Financial Services Committee on recent FHA lending, quot (Read More)
Calculated Risk:
From the NAHB: Extending the credit through Nov. 30, 2010 and making it available to all purchasers of a principal residence would result in an additional 383,000 home sales ...The NAHB has also been arguing to expand the tax (Read More)
USATODAY.com Money - Top Stories:
The folks in Augusta, Maine's housing industry have learned that working in an ordinary and predictable market can be a blessing. (Read More)
Calculated Risk:
From the Office of the Comptroller of the Currency and the Office of Thrift Supervision: OCC and OTS Release Mortgage Metrics Report for Second Quarter 2009 This OCC and OTS Mortgage Metrics Report for the second quarter of 2 (Read More)