Filed under: Forecasts, Recession, Financial CrisisA good rule for a forward-thinking executive to observe is never go anywhere -- at least don't walk into any meeting -- without the latest projections or models for the U.S. economy for the year ahead. How's the U.S. economy likely to perform in the year ahead? Well, here are the summaries of economist David H. Wang's models based on predetermi...
Results 1 - 10 of 142 for "FORECLOSURES"
It has been repeated ad nauseam. Housing has to be fixed before the credit markets and banks can recover. Housing has to be fixed so that people who are hard-working souls won't be thrown into the streets because their interest rates and monthly payments are too high. Housing needs to be fixed because it is the root of all economic evil.If the future of the recession sits with housing, the trou...
Filed under: Economic data, Housing, Financial CrisisThe conventional wisdom is that if housing does not improve, the economy does not improve and the credit crisis does not go away. This may be a case where the consensus is right. According to The Wall Street Journal, "TransUnion LLC, which analyzed about 27 million consumer records in its database, predicted that the proportion of consumers w...
Treasury Secretary Henry Paulson indicates he might support a new approach to slowing foreclosures, but he didn’t go so far as to back a proposal introduced last month by Federal Deposit Insurance Corp. chief Sheila Bair.
Paulson reiterated that the Treasury Department is still examining new ways to stabilize financial markets, stem foreclosures, and boost the economy. (Remarks)
Gradualism may end up being the failing global economy's worst enemy. Many analysts don't think that the Paulson plan's $700 billion war chest was enough. Obama's economic team may have to go back to Congress for more. The Fed has cut rates, but why hasn't it cut them faster? The same question can be asked of any major central bank in the world. China only announced its huge stimulus package tw...
TARP Global economic concerns, fears of a global economic slowdown as well as disappointing readings of manufacturing activity adding fuel to the fears of investors and main street America as well as, around the world. The major U.S. market indices posted a heavy selloff consisted of triple digit losses, into the closing bell. The DOW posted its fourth worst point loss in history, today as we b...
Filed under: Federal Natl Mtge (FNM), Housing, Financial CrisisDespite cutting the Fed Funds rate from 5.25% to 1% since August 2007, mortgage rates remained stubbornly high. They also remained elevated after the $800 billion bailout of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). It finally looks like the latest plan to spend $600 billion to buy mortgage-backed securities (MBS) is causi...
The bailouts keep on coming. The Federal Reserve is busy introducing plans to support the asset-backed securities market, as well as buy up to $500 billion in mortgage-backed securities and $100 billion in agency debt. Meanwhile, Citigroup is getting a big capital infusion and an implicit guarantee that the monsters in the closet won’t come to get them. MarketBeat figured it was time for ...
Homebuilder Meritage Homes (MTH) says land sales at 'dirt cheap' prices are picking up. Finally some hopeful news for REITs and maybe Calpers and other pension funds so heavily invested in land. These and other trends noted on Meritage Homes' Q308 conference call:As one analyst asked: Why would people buy a foreclosed home over a new home if it is comparatively priced? The people that are in th...