2007
1,732 posts
2007 1,732
December 2007
- Delong: Three cures for three crises
- Mortgage Crisis Leading to Government Budget Cuts
- More on November Existing Home Sales
- November Existing Home Sales
- Gambling? In A Casino?
- Shiller: America could plunge into recession
- Report: Merrill Seeks More Money
- GSE Tightening Starts to Hit Home
- Let the Short Sale Scams Begin
- Looking back at 2007 Housing Predictions
- On Option ARMs
- Fed gives Tanta a Hat Tip
- Legg Mason Bails Out Cash Funds
- $1 Trillion in Mortgage Losses?
- Thornberg: Housing prices are headed way down
- More on New Home Sales
- November New Home Sales
- Option ARM Tightening
- Welcome to Our World
- Homebuilder TOUSA Sees Rating Reduction, BK Being "Considered"
- Discount Rate Spread: Credit Crisis Continues
- Weekly Unemployment Insurance Claims
- Out of Foreclosure, In Reverse
- ACA Gives Control to Regulator
- Fitch: May Cut Ratings on Insured RMBS
- Real Estate Brokerage Closes: 2006 "Business of the Year"
- Los Angeles Real House Prices
- Case-Shiller: Cities with Price Increases
- S&P/Case-Shiller: House Prices Fall 6.1%
- Credit Crunch Hitting CRE
- Raindrops Keep Falling on My Pig
- A Very Nerdy Christmas
- Happy Holidays!
- Mud-Luscious: Balloons for UberNerds
- Barclays: Losses May Reach $700 Billion
- Housing Futures: 11% Price Decline in 2008 for 25 Largest Cities
- Fastest Downgrade Contest
- Kasriel: 65% Chance of Recession
- CR and Tanta Present ...
- Super SIV is Dead
- No Cliff Diving for 08-1
- Fitch: Ambac put on Rating Watch Negative
- Discount Rate Spread Still Increasing
- Paulsonomics
- Chrysler: Serious Financial Crunch
- Supply Side Friday
- MBIA: "CDO Exposure Was Previously Disclosed"
- Fitch Places 173,022 Issues on Rating Watch Negative
- BofA: Attitudes Changing Towards Default
- Fitch puts MBIA on Negative Ratings Watch
- DataQuick: California Bay Area Home Sales in "Deep Freeze"
- Credit Agricole Takes $3.6 Billion Writedown
- Bear Stearns Conference Call
- MBIA Discloses exposure to CDOs Squared
- Bear Stearns: $1.9 Billion Writedowns
- 93 Banks Join Fed-Anon
- S&P Cuts Alt-A Mortgage Bonds
- Moody's Cuts D.R. Horton to Junk
- Fed's Lacker: Inflation Picture has Deteriorated
- ACA drives CIBC to Confessional
- S&P: Report on Financial Guarantors
- S&P Takes Rating Actions On Six Bond Insurers, ACA Cut to CCC
- Morgan Stanley: $9.4 Billion in Writedowns
- Banks Studying Bailout of ACA
- Hovnanian: 40% Cancellation Rate
- Video: Krugman Speaks at Google Dec 14th
- Financial Times on Second Wave of SIV Liquidity Issues
- Report: Macklowe Failed to Repay $500 Million Loan
- House Price Round Trip
- DataQuick: SoCal House Prices Fall, Slowest November Sales in 20+ Years
- CNBC: Goldman's 'horrible' November
- Hey! The Fed's Ready to Regulate!
- Single Family Starts Fall to Lowest Level Since April 1991
- Greenspan Shrugged
- Fitch: FGIC on Rating Watch Negative
- Paulson: Let Fannie and Freddie Buy Jumbos
- ECB Offers Unlimited Funds at Below Market Rates
- NAHB: Builder Confidence Unchanged at Record Low
- National City Corp. Warns
- Moody's Warnings on Monoline Guarantors Impacts $1.2 Trillion Debt
- CRE: Centro Properties "struggling to refinance debt"
- CDOs: Here Come the Lawyers
- NY Times: Are We in a Recession?
- CRE Outlook Dims
- One Good Bongwater Deserves Another
- Moody's Lowers Bond Insurers Outlook
- Condo Conversions
- Downey Financial Non-Performing Assets
- CNBC: Merrill Writedowns could be $4B to $6B More than Expected
- More 2008 Housing Forecasts
- Krugman: After the Money's Gone
- Put These People on the RepoBus
- As Opposed to the RepoChopper
- WSJ: Citi to Move SIVs to Balance Sheet
- Consumers Use the 401(k) ATM
- Discount Rate Spread Increases
- Counterparty Risk: CIBC and ACA
- UK Banks Queue at the Confessional
- Los Angeles Office Vacancy Rates
- Major Apartment Owner Delinquent
- November Retail Sales
- Q3 Mortgage Equity Withdrawal: $133 Billion
- Fitch: Security Capital's AAA Rating May Be Cut
- House Judiciary Committee Approves Cram Downs
- BofA CEO Lewis: Now and Then
- Fed and Other Central Banks Inject More Funds into Market
- October Trade Deficit
- Bank of America, Wachovia, PNC Warn
- We're All Subprime Now, Episode XVIII
- House Considers Cram Downs
- Greenspan and Housing Inventory
- SuperSIV Melting Away
- Mortgage Insurer Genworth Financial Warns
- Weak CRE Construction Results
- Housing Inventory and Rental Units
- Fed Funds Rate Cut 25bps to 4.25%
- Freddie: More Losses, Record Defaults
- Broker's Commissions Decline Sharply
- Freddie Mac: DQ Loans Stay in Pools
- More Details on BofA Fund Closure
- Morgan Stanley: Recession Likely
- WaMu Cuts Dividend, Raises Capital
- 2008 Existing Home Sales Forecasts
- It's About Not Having To Work Very Hard
- CNBC Reports Bank of America Freezes $12 Billion Money Market
- Comments on the 2008 NAR Forecast
- Pending Home Sales
- UBS: $10 Billion in Writedowns
- Report: UBS Writedowns Coming
- Sunday Self-Congratulatory Rock Blogging
- Bailouts and Bailins
- Rising Delinquencies for Construction Loans
- Ten things to know about the Freeze
- S&P Cuts Capital Notes of 13 SIVs
- Fed Funds: Market Expectations
- Paulson: Q&A on Mortgage Plan
- Subprime ARM Initial Rates
- November Employment Report
- From AAA to Worthless in Less than a Year
- Rabobank bails out SIV, "model is dead"
- Fed: Existing Household Real Estate Assets Decline $67 Billion in Q3
- You Can't Make Stuff Like This Up
- The Plan: My Initial Reaction
- MBA Mortgage Delinquency Graph
- About Mod Re-Defaults
- Fed: Homeowner Percent Equity Falls to Record Low
- The Big Freeze: Details Soon
- MBA: Mortgage Delinquencies Highest Since 1986
- 'Lack of interest' in Super Fund SIV
- CDO Liquidates for "Less than 25% of par value"
- More on the Freeze Plan
- The Bush / Paulson Mortgage Freeze Plan
- Home Builders and Homeownership Rates
- Moody's: MBIA Capital Shortfall "Somewhat Likely"
- Orange County: Bankrupt in '94, Now Invested in SIVs
- FHASecure, OK. FHA Modernization, Not OK.
- Cuomo Lifts Another Rock
- O.C. Register on CRE: Turn out the lights ...
- NYTimes on Those E*Trade ABS Haircuts
- Moody's: Loss Estimates for Alt-A Double
- Fannie Mae Cuts Dividend, to Sell Preferred
- PricewaterhouseCoopers Forecast: CRE expected to Slow
- Citi: Losses "greatly exceeded" Profits from Subprime
- Fitch Downgrades Citigroup SIV 12 Levels
- Homeowners With Negative Equity
- H&R Block Closes Option One
- Money Market Funds with SIV Exposure
- Blogger Issue with Graphs and Images
- German Banks Bail Out SIVs
- Montana, Connecticut: SIV Bagholders
- House Prices and Foreclosures, Massachusetts
- Paulson "aggressively pursuing" Loan Modification Plan
- A New Theory of ARMs
- Krugman: 15% House Price Decline "Implausible"
- Risks of Commerical Property Downturn
- U.S. Credit Crisis Hits Small Towns in Norway
- Impact of E*Trade Portfolio Sale
- Foreclosure Mills: It's Your Reputation, Stupid
- Florida Schools Hit by Fund Freeze
November 2007
- Fed's Poole: Market Bailouts and the "Fed Put"
- Moody's Takes Rating Action on SIVs
- Montana Fund Withdrawals
- Where is Moe?
- Construction Spending Declines
- The Run on Florida’s Local Government Investment Pool
- ETrade ABS Haircuts
- Florida REO: Priced Below 2002 New Home Price
- Florida Freezes Fund Withdrawals
- House Prices and Foreclosures
- MGIC Tightens Alt-A
- ETrade Sells Portfolio for 27 cents on the Dollar
- More on New Home Sales
- OFHEO: House Prices Fall in Q3
- October New Home Sales
- Fitch Opens Loan Files: Results Not Pretty
- SEC: Wall Street Sold "Too many Lottery Tickets"
- WSJ: Incorrect Home Price Graph
- More on October Existing Home Sales
- Bloomberg: Derivatives Indicate Commercial Property "Meltdown"
- October Existing Home Sales
- CFC BK Investigation: It's About Costs, Again
- Fed's Kohn: Policy to be "Nimble"
- Freddie Cuts Dividend
- Wells Fargo Visits the Confessional
- Goldman Sachs on Housing
- House Prices: Real vs. Nominal
- LA Times: How Far Will House Prices Fall?
- OFHEO: House Prices Fall, Conforming Limit Unchanged
- S&P: Record Home Price Declines
- Citigroup Receives $7.5 Billion Capital Infusion
- Market Expects December Fed Rate Cut
- Upside Down in America
- Report: 'Massive' Layoffs at Citigroup
- SIV Accounting
- WSJ on Merrill: How Did This Happen?
- Help for Subprime Reporters
- HSBC Moves SIVs to Balance Sheet
- The "Deepening" Credit Crisis
- Retail: Traffic Up, Sales per Person Down
- Shiller: A Bold New Deal?
- What Is "Subprime"?
- Merrill's Rosenberg: Recession
- ECB Takes Emergency Liquidity Action
- Subprime Reporting
- Roubini on Recoupling
- UBS CPDO "Blows Up"
- Stop the Subprime Meme!
- In Which Floyd Meets Nina
- We're All Subprime Now
- Homeowner's Insurance: Risk Shifting
- $2.13 Billion in Subprime Losses for Japan Banks
- SIV Superfund Seeking Support
- Thanks
- Tanta Writes Letters
- Credit Crunch Hits Asia
- ABX and CMBX: Your Daily Plunge!
- Fed: Delinquency Rates Rise in Q3
- Europe Suspends Mortgage Covered Bond Trading
- Fitch Downgrades $29.8 Billions of subprime CDOs
- Dear Mr. Paulson
- Paulson on Housing
- California lenders agree to freeze rates
- ACA Capital
- Countrywide Half Off Sale
- Housing Starts for Single Unit Structures
- Freddie Mac Visits the Confessional
- Housing Starts and Completions for October
- Telegraph: "Credit Crunch Returns" to UK
- WSJ: Chrysler Loan Sale Likely Postponed
- GS Conference Call: Mortgage Fall Out Has More To Go
- Oh Good, Now We Can Fire the Intern
- NAHB: Builder Confidence Unchanged at Record Low
- Protections for Renters in Foreclosures
- Swiss Re: $1.1 Billion Loss
- Commercial Real Estate Prices Falling
- The Fed, Household Real Estate Assets and Equity
- Inland Empire Housing: Then and Now
- Fannie Mae's Credit Loss Ratio: Fuzzy Math or Fuzzy Reporter?
- DiMartino Sighting: The Rise and Fall of Subprime Mortgages
- Fed's Kroszner: Economic Outlook
- Goldman: Credit Losses Pose Significant Risk
- NAR: Repeat Buyers With No Down
- The Corporate We or the Editorial We?
- GSEs Tighten Up Loan Pricing
- Recession and Decoupling
- Downey Financial Non-Performing Assets
- DataQuick: California Bay Area Home Sales Slump Continues
- How Much Cash is Left in the Home ATM?
- Corporations Taking Hits to Marketable Securities
- CRE Loan Volumes Fall in Q3
- Barclays $2.7 Billion Writedown
- GM Watch: The Flap Continues
- GE Bond Fund Breaks the Buck
- Cerberus LBO of United Rentals Appears Off
- CNBC: partial FASB 157 Delayed One Year
- DataQuick: Record Low SoCal Home Sales
- In Re Foreclosure Cases
- Retail Sales Slowed in October
- Deutsche Bank FC Problems and Revenge of the Nerd
- Bear Stearns: $1.2 Billion Writedown
- HSBC: $3.4 billion Writedown, Warns of "Further Deterioration"
- Countrywide Commercial Real Estate Loan Pipeline
- Percent Owner Occupied Households With Mortgages
- Bloomberg's Berry: No Recession
- Pending Home Sales Flat in September
- JPMorgan: SIVs have No Business Purpose
- Hot Potato
- BofA: $3 Billion in CDO mark-downs
- Home Builders: To Build or Not to Build
- Countrywide AVMs
- Fitch Downgrades $37.2 Billion of CDOs
- Roubini on Home Equity Extraction
- Hussman, Roubini: Recession Coming
- Residential Construction Employment Update
- Deutsche Bank: Subprime Losses May Reach $400 Billion
- E-Trade, B-Word
- Little Confidence in SIV Super Fund
- That Was Then And This Is Now
- NYTimes: Agreement Reached for SIV Super Fund Cleanup
- Veterans Day
- What's Wrong With Approved Appraiser Lists
- Music for the Weekend
- Beazer to delay paying subcontractors
- Home Builder Levitt & Sons Files Bankruptcy
- S&P Lowers Credit Outlook on WaMu, IndyMac, Capital One
- E-Trade Warns
- Home Builder Dunmore Homes Files Bankruptcy
- BofA Anticipates Q4 Hit from CDOs
- S&P: 547 U.S. Alt-A RMBS And NIMS Ratings Placed On CreditWatch Negative
- September Trade Deficit
- WAMU Credit Default Swaps
- S&P: CDO liquidating assets
- Wachovia sees higher loan losses
- UPDATED: Lockhart to Cuomo: Unclear on the Concept
- "Grim" Shopping Season
- Tanta's UberNerd Collection
- Toll: Current Slump "Much Worse" Than Previous Slumps
- Q3 Adjusted New Home Inventory based on Cancellations
- Toll: High Cancellations
- Bernanke: U.S. faces risks of downturn, inflation
- WaMu and The Rep War
- Merrill discloses additional $6.3 Billion in CDO Exposure
- Morgan Stanley: $3.7B writedown
- Moody's: SIV "situation not stabilized"
- NY AG: WaMu "Improperly pressured appraisers"
- RBS: $250 billion to $500 billion in Credit Crisis Losses
- Doo Diligence
- NY AG Subpoenas Fannie Mae, Freddie Mac
- WaMu: Expected "Soft Landing" becomes "Severe Downturn"
- Lennar Suspends Sales at Two Major Projects
- MMI: Smells Like Accounting Spirit
- Freddie Mac Cash-Out Report
- Dollar: A Wile E. Coyote Moment?
- Egan Jones: Expect "Massive" Losses for Bond Insurers
- GM Taking $39 Billion Writedown
- Citi's Assets: Opaque and "Stinky"
- ResMae stops funding loans
- Rihpos
- Hovnanian: October sales pace "significantly deteriorated"
- Fitch Cuts Ratings on more Banks
- IndyMac House Price Forecasts
- GM Watch, Again: Foreclosures and Fees
- California Plans for Budget Cuts
- IndyMac Visits the Confessional
- Fitch Reviewing Insurers
- Two More Credit Unions Bite the Dust
- Commercial Real Estate Update
- Fed: October 2007 Senior Loan Officer Opinion Survey
- Fitch: Credit Uncertainty May Spread Further
- Citigroup: $134.8 billion in 'level 3' assets
- More Citi
- Citi: additional $8 billion to $11 billion in writedowns
- Damaged REOs in Las Vegas
- Housing Price Correction Calculator
- NY Times: Rubin Likely Interim Citi Chairman
- Mortgage Risk Perception
- I Love Subprime
- Citi CEO to Resign
- Citi to Hold Emergency Board Meeting
- S&P cuts D.R. Horton, Pulte Debt to Junk
- Chrysler: Long Walk on a Short Pier
- MMI: Elevated Threat
- October Employment Report
- Advance Q3 MEW Estimate
- Music for the Market
- NY AG sues First American
- GMAC: $1.6B Loss
October 2007
- On Estimating PCE Growth for Q3
- Fed Cuts Rates, Says Economy to Slow
- Moody's: D.R. Horton, Ryland May be Cut to "Junk"
- Q3 Structure Investment
- Accounting For Negative Amortization
- Q3 GDP Growth: 3.9 Percent
- Fed Rate Decision
- Housing Busts and Sticky Prices
- Case-Shiller: Price Declines Accelerate in August
- Ora Pro Nobis Peccatoribus
- Option ARM Performance
- Fitch Places $36.8B CDOs on Negative Rating Watch
- UBS: Further Writedowns Possible
- Meanwhile, on the Option ARM Front
- MMI: Maternal Merrill Comes to Me
- WSJ: Merrill CEO Exits
- Huge Writedowns: "Leading edge, not the end"
- Fleck: "Discounted" is the new "Contained"
- JEC On Subprime Crisis
- Economist Berson Leaves Fannie Mae, Joins PMI
- Record California Foreclosure Activity
- Census Bureau: Vacancy Rates Stable in Q3
- Snow on MLEC
- Moody's Cuts Ratings on CDOs
- AHM v. LEH: The Revenge of Mark to Model
- Countrywide reports $1.2 billion loss
- Analyst: AIG may take $9.8B Hit
- BoA Exits Wholesale Mortgage Business
- Up to $4 Trillion Decline in U.S. Household Real Estate Value Predicted
- More on September New Home Sales
- September New Home Sales
- Foreclosure Predictions
- WSJ: Commercial Construction May Slow
- Subprime: Winners are Losers, Too
- Homebuilder Reports: Pulte and MDC
- Tim Duy's Fed Watch
- More on September Existing Home Sales
- September Existing Home Sales Plummet
- Merrill Reports $8 Billion Write Down
- Prime Loans Gone Bad
- Axon SIV NAV Plummets, Ratings Cut
- Centex Posts Large Loss
- Countrywide to Modify $16B in Loans
- Transportation Weakness: UPS and Burlington Northern
- Neumann Homes prepares bankruptcy filing
- It's 10:00 a.m. Do You Know Where Your Loan File Is?
- BKUNA Neg Am Portfolio
- More Homeowners Filing Bankruptcy to Halt Foreclosure
- Fires in SoCal
- IMF: Mortgage Reset Chart
- LBO: KKR, Goldman cancel Harman deal
- Zelman: House Price Declines could range from 16% to 22%
- Lessons From the Foreclosure Crisis
- MMI: I Am Subprime, Destroyer of Worlds
- NYTimes: Bondholders Facing a Cutoff of Interest Payments
- The Housing Bust Hits Europe
- Financial Times: Containment Lost
- PIMCO: "Not participating" in Super Fund SIV
- SIVs Explained
- SIVs and Money Market Funds
- Banks, PIMCO, Fidelity may Join SIV Super Fund
- S&P Lowers Ratings on 1,413 U.S. RMBS Classes
- Cheyne, IKB SIVs Default
- Fitch Downgrades $265.5MM from 4 IndyMac Subprime Transactions
- Wachovia Conference Call Comments
- First American LoanPerformance August House Price Index
- DAP for UberNerds
- Wachovia: Increasing Credit Troubles Ahead
- Capital One Reports Delinquencies on the Rise For Credit Cards, Car Loans
- Citi's SIVs Secure Funding through Year End
- Fed Funds: Market Expects 25bps Cut
- Another SIV May Not Pay Debt
- DataQuick: Bay Area Record Low Home Sales
- WaMu: "Most challenging cycle for housing"
- BofA Visits the Confessional
- The American Dream Strikes Back
- Earning the BS at Subprime U
- Cheyne Finance SIV Won't Pay Debt
- WaMu Visits Confessional
- E-Trade: Home Equity Lines "Underperforming"
- S&P Downgrades 1,713 classes of U.S. RMBS
- MGIC Investment Reports
- Housing Starts, Completions and Permits Decline in September
- MBA: Mortgage Lending Going back to the "1950s and 60s"
- Bankers Sell $2.2 Billion of First Data Bonds
- OFHEO: Conforming Loan Limit Will Not Drop
- DataQuick: SoCal home sales at Record Low
- NAHB: Builder Confidence Falls to Record Low in October
- Survey Shows 73% of Borrowers Are Not Crazy
- Paulson: Housing Likely To Adversely Affect Economy
- NY Times: As Defaults Rise, Washington Worries
- D.R. Horton: 48% Cancellations
- Institutional Risk Analytics on MLEC
- Bernanke on Recent Financial Turmoil
- S&P Cuts 402 Subprime RMBS Ratings
- Oil futures closed at record $86.13
- Nomura: "An extremely regrettable result"
- Musical SIVs
- Georgia: Sales Tax Collections Fall
- Speculative Grade Default Rates
- CNBC Survey: Retail to be Strong in Q4
- SIV Bailout: NY Times on Proposed M-LEC
- Saturday Slumming
- You Want Cancellations?
- The Citi Bailout: "Master-Liquidity Enhancement Conduit"
- WSJ: Banks Discuss SIV Liquidity Problem
- Paulson: Shorts For BK Reform
- More Subprime Mortgage Data
- Centex: "Further Deterioration" in Housing
- Retail Sales Strong in September
- Countrywide Wrist Band: $152.50 on EBay
- Beazer Homes Reports 68% Cancellation Rate
- Moody's Downgrades More Mortgage Securities
- August Trade Deficit
- California Retail Sales and Use Taxes
- HMDA Data on High Priced Loans
- Retailers Report Slow September Sales
- Foreclosures decline slightly from August, nearly double 2006
- TXU Pier Loan Watch
- Bad Loans Everywhere
- Virginia: Foreclosed Homes Flood Auction
- Fortune Magazine: YRC Worldwide sees blue Christmas
- Another Month, Another NAR Revision
- Downey Visits the Confessional
- MBS Market Data
- REO Auction in San Diego
- WSJ: Strip-Mall Vacancies Hit 7.4%
- Fed's Yellen: Risk Repricing will be "Contractionary"
- Fed's Poole on Real Estate and the U.S. Economy
- One For the Moral Hazard Brigade
- Dugan On Bank Lending Standards
- Subprime 2000-2006
- LA Times: Slipping imports reflect slowing economy
- Buyers Want Out of Condos
- Housing Inventory
- Fannie Mae: Jumbo Market "Remains in Distress"
- Credit Suisse: "Time to Buckle Up"
- Context Is Everything
- Lansner: Distressed properties 12% of O.C. housing supply
- Just Say Yes To Cram Downs
- BusinessWeek on Housing: That Sinking Feeling
- Saturday Rock Blogging
- Merrill's $5 Billion Write-Down
- Does a Recession matter?
- Lansner: Late-Sept. home prices at April ‘05 level
- Home ATM Closed? Consumers turn to Credit Cards!
- Fed's Kohn: Economic Outlook
- Homebuilders Struggle to Survive
- WaMu Visits the Confessional
- September Employment Report
- Excellent Hedge, There, But Your Tie is Ugly
- Homeowners "Too Broke to Sell"
- More Moody's Subprime Data
- Proposals to Stop Foreclosure
- FDIC Closes Ohio Bank
- Moody's: Subprime Delinquencies Accelerating
- Office Space: Rents Still Rising, Absorption Slows
- It's All Very Simple
- Oh Look, More Innovations
- Tanta for Mortgage Czar!
- Vietnam and Qatar Change Dollar Reserve Policies
- Fitch Completes U.S. 2006 Subprime RMBS Review
- Financial Times: Mortgage lenders face subprime ‘traffic jam’
- Mercury News: Home appraisers pushed to inflate values
- Econbrowser: Not all the news is bad
- Go Big Orange!
- Toyota Say U.S. Sales Decline; GM, Honda Gain
- More on Pending Home Sales
- Ford September U.S. sales fall 20.5%
- New Game
- Pending Home Sales Index Falls 6.5%
- Subprime Performance: We've Entered the Boring Stage
- More Fun With Stated Income
- MBA on Fraud: We're the Victims Here
- CRE: Orange County Office Rents, Vacancies Spike
- Housing: Cancellations, New Home and Total Inventory
- Citi: Music Stops, Prince Visits Confessional
- More MMBS: What is "Profit"?
- MMBS: At a Loss
September 2007
- WSJ: UBS Is Expected to Report Loss
- Morgenson Watch
- What's Really Wrong With Stated Income
- Saturday Rock Blogging
- FHA to Ban DAPs
- From the Department of Credit Tightening
- FDIC: Netbank Fails
- Estimating PCE Growth for Q3
- Housing: Starts, Sales and Forecasts
- August Construction Spending
- There's a New Nerd in Town
- First Data: $9.4 Billion Sold
- Roubini: "Too Optimistic on Housing"
- Fannie Says Housing Slump to Last Beyond 2008
- More on August New Home Sales
- August New Home Sales
- Who Should Pay the Rating Agencies?
- Thursday Close Harmony Blogging
- LA Times Photo Caption Contest
- Subprime-Mortgage Defaults Increase
- Sallie Mae Deal in Trouble
- Graphing Housing Prices
- Modification Update
- ARM Pain: Updated BofA Reset Chart
- LIBOR or SLIMBOR?
- Shiller Sees `Years of Decline' for U.S. Housing
- More on August Existing Home Sales
- Undercapitalized Bond Insurers?
- August Existing Home Sales
- A Clockwork Mortgage
- Existing Home Sales 5.5 Million
- Home Prices Post Biggest Drop in 16 Years
- Lowe's and Target Warn
- Roubini on Housing
- Housing: Soft "repairs, maintenance and improvement markets"
- MMBS: Bikes on the Balcony!
- Housing: Watch Inventory
- "Captain Tanta" Has a Nice Ring to It . . .
- A New Bear Stearns Deal
- House Prices: "Get real"
- Want To Buy A Second Home?
- Deposit Insurance: U.K. May Increase Coverage
- Fannie, Freddie Portfolio Caps Could be Lifted Next Year
- Saturday Rock Blogging
- CRE: Bought at the top?
- Eurozone Slows
- Harman Says Buyout Scuttled
- Q2 Mortgage Equity Withdrawal: $140.3 Billion
- HSBC to Close U.S. Mortgage Unit
- Fed's Kohn on Causes of Housing Bubble
- Report: Harman LBO Deal in Trouble
- Emily Litella as a Central Banker: "Never mind"
- The Dollar and the Trade Deficit
- Bernanke: Subprime mortgage lending and mitigating foreclosures
- Late Mortgage Payments Continue to Climb
- GSE Portfolio Caps
- Sallie Mae Deal in Jeopardy
- Saudi Arabia Refuses to Cut Rates
- Moody's Forecasts House Prices to Fall 7.7% Nationwide
- Banks Balk, PHH Deal in Jeopardy
- Fed: Household Debt Service and Financial Obligations Ratios
- MMBS: Mountain-Molehill Befuddlement Syndrome
- NY Times: TimesSelect is now Free
- Housing Starts and Completions for August
- Gross, Rosenberg on the Fed and Rates
- Rate Cut Reactions
- Fed Funds Rate Cut: Watch Long Rates
- Fed Cuts Rates 50bps
- NAHB: Builder Confidence Falls to Record Low in September
- The Hanging Out Revolution
- Foreclosure Activity Increases in August
- Quote of the Day
- LEND 10-Q: A Heapin' Helpin' of HorseHockey™
- Roll Us Over, LEH Us Down
- PHH Sale Problems: Update Your Scorecard
- BofA Warns of "unprecedented dislocations'"
- E*Trade Warns of Mortgage Fallout
- Government Guarantees All Deposits at Northern Rock
- Fed Flow of Funds for Q2
- Hovnanian "Deal of the Century" Called Successful
- Northern Rock Bank Run Returns
- MMI: Looks Like a Flotation Device is in Order Here
- Greenspan on 60 Minutes
- Greenspan: House Prices to Fall Significantly
- Risk Based Pricing for UberNerds
- Home Builders: What if they had a sale and nobody came?
- Telegraph: Northern Rock to be Sold
- Northern Rock: Lines Return
- Saturday Rock Blogging
- CRE Index Declines
- Morgan Stanley Balking at Reddy Ice Deal
- First Data Bankers Reduce Buyout Loan, Offer Discount
- UBS Writes to Finish Line: a "Dear John" letter?
- Nerdfest! 2006 HMDA Data Analysis is Here!
- Commercial Paper
- August Retail Sales
- Northern Rock Bank Run
- Video of the Day
- BofE Bails out Northern Rock
- Housing Starts and Demographics
- Bay Area home sales slowest since 1992
- Greenspan: "I really didn't get it"
- See CFC See FC, by BD
- CFC's August Operational Report
- Prepayment Penalties and Bologna Sandwiches
- First Data Loans Delayed
- Tough Talk from BofE's Mervyn King
- Lawyers: CRE Slowdown "Like an Earthquake"
- In a Hole? Keep Digging!
- DataQuick: SoCal home sales at 15-year low
- CRE: The Big Chill in Orange County
- Shopping Centers Feeling Housing Woes
- WSJ on AHM Servicing
- Housing Costs as Percent of Paychecks
- Ready, Set, Reset
- UCLA: Economy Near Recession
- Fleck on Structured Investment Vehicles
- Those Wacky NAR Housing Forecasts
- Empty Offices Hurting Landlords
- FTC "Advises" About Deceptive Mortgage Ads
- Lehman: Non-agency Mortgage Security Issuance Declines Sharply
- Bernanke: Global Imbalances
- Countrywide Seeking "Bailout"
- Ackerman on Rating Agencies: It's a Criminal Conspiracy
- MMI: Congress Enters the Food Chain
- KKR makes 'modest' concession
- Moody's Warns Housing Slump to Persist Through 2009
- Fed's Yellen: Economic "risks could be significant"
- Commercial Real Estate: 'Cooled but not Collapsed'
- WaMu: 'Near Perfect Storm' for Housing
- MMI: The Vegas Temptation
- Los Angeles Home Sales Collapse in August
- Meet the New Fox: Just Like the Old Fox
- Net Branching
- Hiking Trail near Jasper, Alberta, Canada
- Fed's Plosser: Financial Disruptions Don't Require Rate Cut
- Layout Changes, UberNerds and Dudes
- Reich on Moral Hazard
- Saturday Rock Blogging
- Countrywide to Cut up to 12,000 Jobs
- Mortgage Origination Channels for UberNerds
- First Data Deal Crunch Time
- Indymac Writes to Shareholders
- August Employment Report
- Poor People Are Sharks
- How Many Mortgages Are Brokered?
- Paulson: Economy will "Pay Penalty" for Turmoil
- Dude, Where's My Recession?
- MBA Foreclosure Starts and Inventory
- Home Equity Loans and Credit Cards
- MMI: From the Department of You Call This Insurance?
- Bear Stearns: 35% Chance of U.S. Recession
- Countrywide Cuts 900 More Jobs
- ADP Employment Report
- Beige Book: Turmoil has had Limited Impact Outside of Real Estate
- Bloomberg: CRE Poised for Price Drop
- Pending Home Sales Index Falls 12%
- It's Not All Bubble Markets
- First American CFO sees weakness in commercial real estate
- Libor Defies Gravity
- Jackson Hole 2007 Symposium Proceedings
- Why S&P Is Not to Blame
- GM Sales Increase, Ford Sales Decline
- Interagency Statement on Modifications
- July Construction Spending
- MMI: Staying Ignorant in Five Easy Steps
- Shiller on Housing
- More Leamer
- More Papers from Jackson Hole Conference
- Leamer on Housing and Macroeconomics
- Bear Stearns Fund's "Qualified Investors"
- Jackson Hole: Quotes on Housing
- The Economist: Heading for the rocks
- Dear Investor
- Saturday Rock Blogging
- UCLA's Leamer: Some housing prices may decline 40%
August 2007
- Honda: U.S. Auto Market Softening
- Personal Income and Outlays
- Bush's Subprime Plan
- Bernanke: Housing, Housing Finance, and Monetary Policy
- About GSE Portfolio Caps
- MMI: It's Official
- Moody's president sees unprecedented illiquidity
- Housing Bottoms: Residential Investment vs. Existing Home Prices
- Freddie Mac Q02 Report
- Commercial paper market still shrinking
- Comments on Goldman Sachs Housing Forecast
- Loan Modification Data
- OFHEO: House Prices Slow
- Stories From the Credit Crunch
- Goldman Sachs Housing Forecast
- Goldman Sachs on Housing
- Bernanke writes to Schumer
- Non-Agency Mortgage Market: "Worst Ever"
- Effective Fed Funds Rate
- Weiling About Modifications, Again
- IndyMac Hires Retail Loan Officers
- MMI: The Answer Is Blowing In the Wind
- "Delusional Borrowers" and Reality Checks
- Mortgage Broker Gets Two Years for Stated Income Fraud
- Countrywide 8-K SEC Filing on BofA Investment
- Another Tidbit on Refis
- Blight Follows Foreclosures
- ARM Reset Charts
- S&P Says Housing Prices Fell in 2Q
- Subprime Borrower Refi Options
- MMI: The Eagle Soars or the Vulture Circles?
- Credit-card defaults on rise
- More: July Existing Home Sales and Contest
- July Existing Home Sales
- Those Other Incomprehensible Ratings
- The Global Credit Crunch Scrambles the Picture
- Home Depot Unit: $1.8 Billion Haircut
- Construction Employment
- Sunday Gross Blogging
- Saturday Night Stories
- Drop Foreseen in Median Price of U.S. Homes
- Saturday Rock Blogging
- Credit Crunch, Yet Monitor Litter Continues
- Condo Troubles
- Fed Clarifies using Commercial Paper as Collateral
- New Home Sales, Revisions
- Pearlstein on Commercial Real Estate
- More on July New Home Sales
- July New Home Sales
- Short Sales and Short Arms
- Home Depot Close to Accepting Less for Unit
- CFC: More info
- Residential Construction Employment Update
- Analysts: "Futher concessions to housing forecasts"
- Not All Modifications are Created Equal
- Countrywide's Mozilo: Recession Coming
- Weekly Unemployment Claims
- Trouble In SIV-Lite Land
- MMI: Calling All Tools
- BofA Invests $2 Billion in Countrywide
- Lehman Brothers Shuts Down Subprime Unit
- Banks borrow $2 bln from Fed Discount Window
- Toll Brothers: Look Out Below
- Just Say No To Stated Income
- OTS "Kept Up At Night"
- San Diego Foreclosure Activity
- First Magnus Files for Bankruptcy
- Fitch to Review $92.1 Billion of Subprime Securities
- BofA: New Home Sales could fall to 700K
- Fed's Lacker: Economic Outlook
- Misunderquantifying
- Foreclosure Activity Increases in July
- MMI: It's Getting Ugly Out There
- Fed Fund Probabilities
- Capital One Shuts Down GreenPoint Mortgage Unit
- SEC files fraud charges against Sentinel Management
- Deutsche Bank uses “discount window”
- After Foreclosure, a Big Tax Bill
- MMI: We Have Met the Waldo and It Is Subprime
- REO Auction Shows Steep Price Decline In San Diego
- Fed: Spending May Slow as Housing Falters
- Housing: Looking Ahead
- Sunday Morning Reflections
- Foreclosure and Bankruptcy
- Neutron Loans: 'Kill people, Leave Vacant Houses'
- Saturday Rock Blogging
- Modifications and Adverse Self-Selection
- Sentinel files for Chapter 11 bankruptcy
- Fannie Mae Predicts Price Decline Will Accelerate in '08
- Fed to Banks: Please Use Discount Window
- Krugman: Workouts, Not Bailouts
- Bail Out Countrywide!
- Bank Run on CFC
- Fed Emergency 50 basis point reduction in the primary credit rate
- Lookback-ward, Angel
- Will U.S. Woes Hit Global Growth?
- 30 Year Mortgage Rates and Ten Year Treasury Yield
- Moody's downgrades 691 mortgage-backed securities
- Fitch Places $12.1B of U.S. Second-Lien RMBS on Rating Watch Negative
- "Pre and Post Turmoil" Data
- Fed Funds Target vs. Effective Funds Rate
- Fannie Mae Reports on Credit Quality
- Fannie Mae Files Delayed 2006 Annual Report
- Housing Starts and Completions for July
- Countrywide Goes Thrifty
- Quote of the Day
- GMMI: And We All Know What a "Final Residing Place" Is
- Paulson: Turmoil to Slow Growth
- Fed's Poole: No Need for Emergency Rate Cut
- Freddie Mac and Alt-A Purchases
- California Bay Area: Home Sales Slowest Since '95
- NAHB: Builder Confidence Falls in August
- Storms and Oil
- Sentinel "Money Market" Update
- Martin Wolf Supports William Poole
- Growing Criticism of Rating Firms
- Impac Suspends Alt-A Loans
- SoCal home sales slowest since 1995
- MMI: Earthquakes! Funerals! Jiffy Lube!
- Dean Baker on Hedge Fund Bailouts
- Sentinel Management Group asks to Halt Money Market Redemptions
- June Trade Deficit: $58.1 Billion
- Thornburg's Trouble
- Wal-Mart: 'Customers Under Economic Pressure'
- Aegis Mortgage files BK
- Poll: New Record Low for Builder Confidence?
- Coventree Fails to Sell Asset-Backed Commercial Paper
- Fed: Loan Officers Report Tighter Lending Standards for July
- What Goes to Jesus Comes to Jesus
- Retail Sales, July
- Quote of the Day
- Sales Tax Revenue Declines in California
- Lending and CRE
- A Story: Write Your Own Moral
- LA Times: Foreclosures may spur price drops
- Not If They Snorted It First
- The Return of Short Sales
- Saturday Rock Blogging: Guest Artist Edition
- S&P on FICOs and Purchases
- OFHEO: No Change to GSE Portfolio Caps
- 3-Day Repos and "Crumbling Bonds"
- Bloomberg: Global Alpha Hedge Fund Off 26%
- Quote of the Day
- Floyd Norris on the Fed
- Fed: "Discount Window is Open"
- That's Why They Call It a "Crunch"
- Alt-A Update: We Prefer Subprime, Thanks
- Krugman: Very Scary Things
- Countrywide 10-Q
- S&P: U.S. cash-flow, hybrid CDOs on Negative Watch
- More Hedge Fund Problems
- Central Banks Add Liquidity
- Retailers: Disappointing July
- Techie Stuff
- "Soft Landing" Is Still Operative
- Containment Spreads to Europe
- Broker Application Practices
- Fed's Stern: "Painful and Belated Learning"
- Toll: Buyer Interest Lowest in Company's 20 Year History
- The MBA Index and Bottom Callers
- Another Month, Another NAR Revision
- Toll Brothers on Cancellations
- MMI: Perhaps It's Just That Time of the Month
- Raise the Conforming Loan Limit?
- S&P: More Alt-A on Negative Watch
- Forecast: Housing Starts
- "Nouveau Riche University"
- Fed: No Rate Change, No Change in Bias
- WSJ: How Credit Got So Easy
- They're Just Mortgages. We're Not Expected to Understand Them.
- Yea, Though I Walk Through the Valley of the Shadow of the Bond Market
- Mortgage Rates Rise on Jumbo Loans
- BusinessWeek: Bonfire of the Builders
- LUM Announcement
- National City Home Equity stops taking loan applications
- NYT Securitization Artwork
- Stop Making Sense
- FNN on Black Monday 10/19/1987
- More on Bear Stearns Mess
- SFAS 140: Like A Bridge Over Troubled Bong Water
- Home Builder Myths Meet Reality
- Bonus: Saturday Poll Rocking
- Saturday Rock Blogging: All The Pain Money Can Buy
- Freddie Mac's Syron on Mortgage Woes
- American Home Mortgage to file for bankruptcy
- Should the Fed cut rates on Tuesday?
- Cramer Goes Crazy
- Cerberus Closes Chrysler, JPMorgan Owns Pier
- Fannie and Freddie Limiting the Bailout
- MMI: Intraday Volatility
- Andrew Davidson on the Securitization Food Chain
- July Employment Report
- MMI: Gamma Deltas the Alphas With a Beta
- More on 'Major Changes' in Home Lending
- AHM Throws in the Towel
- Even More on Alt-A
- More on Alt-A
- LAT on Hedge Funds
- MMI Update: Decliners Lead Advancers
- LEND Reports: Going Concern Problem
- In Which Due Diligence Is Discovered
- GM, Ford Chrysler July Sales Plunge
- Fitch Downgrades
- Alt-A: No Bid?
- Advance Q2 MEW Estimate
- ADP Employment Report
- More Viscous Cycle
- MMI: Stabilizing
- Moody's: Alt-A Rating Changes Effective Aug 1st
July 2007
- Another Bear Stearns Hedge Fund Is in Trouble
- Moody's Says Some `Alt A' Mortgages Are Like Subprime
- American Home Mortgage Provides Update
- Case-Shiller: Home prices fall further in May
- June Construction Spending
- Beyond the Wall of Worry: The Pier of Pain
- Quote of the Day
- Alt-A Update: IndyMac Reports
- C-BASS Update: The July Margin Massacre
- Sowood hedge funds lose 50%+
- Cramer: Housing "Total Crisis"
- MGIC Provides Update on C-BASS Investment
- AHM: Incompetent, Dishonest, or Both?
- Metaphor Watch: Bloomberg Takes the Lead
- AHM Halted Pending Announcement
- Perhaps We Should Contain Our Metaphors
- Marginal Credit Tightening
- Financial Times: US subprime crisis shows signs of spreading
- Housing: Mid-Year Forecast Update
- Saturday Rock Blogging: Speechless
- Wounded Innocence 1, Seasoned Vigilance 0
- Commercial Real Estate Delinquencies Rise
- American Home Mortgage Delays Dividend
- Census Bureau: Vacancy Rates Decline Slightly in Q2
- BEA: Q2 Mortgage Debt Increase
- GDP and Fixed Investment
- Q2 GDP: 3.4%
- Markets Looking for a Rate Cut
- Bear Stearns Seizes Hedge Fund Assets
- Predict Existing Home Sales Contest
- Wells Fargo to Close Non-Prime Wholesale Lending Business
- More on June New Home Sales
- June New Home Sales
- Citigroup Loves Piers
- NAHB Economist Cuts Forecast
- Contest: Forecast 2007 Existing Home Sales
- More on June Existing Home Sales
- KKR Debt Deal Fails For Alliance Boots
- June Existing Home Sales
- Alt-A Update: CDR Goes Mainstream
- Life Is Like A Box of Subprime Loans
- Chrysler's Bankers: Long Walk, Short Pier?
- Fed's Plosser: No Signs Of Subprime Woes Spreading
- Housing: Demand Shifts
- PIMCO's Gross: Enough is Enough
- Record Foreclosures in California
- CFC Reports A Little Prime Problem
- It Takes One To Know One
- Wall Street Heads For the Diaper Aisle
- A "Financing Snag" for GM's Allison
- Moody's Downgrades Home Equity Tranches, S&P May Cut CDOs
- Wells Fargo Pulls 2/28 Subprime Loans
- Deutsche Bank: Housing Wilts in Summer Heat
- New and Improved Tools
- Homeowner Distress: Bernanke vs. the WSJ
- Leverage, Ratings and Forced Unwind
- San Diego Nears Recession
- Saturday Rock Blogging
- Friday Night Downgrades: More Alt-A
- Housing 2007: Preliminary Mid-Year Update
- Citi May Be Stuck With Bridge Loans
- Fed's Poole on the Non-Prime Mortgage Market
- Today's Nugget of Hilarity
- Today's Nugget of Wisdom
- Chrysler sweetens pricing on loans
- Bernanke: Housing ATM Overblown
- S&P Cuts Rtgs On 75 US Synth ABS CDOs
- S&P Downgrades 419 Second Lien Classes
- WaMu Staying Committed to Subprime
- JPMorgan: `A Little Freeze' in Lending for LBOs
- More on "Containment"
- Implode-O-Meter: 100 major U.S. lenders have "imploded"
- Testimony of Chairman Ben S. Bernanke
- JPMorgan Marks Down "Hung" Bridge Loan
- Housing Starts and Completions for June
- News Flash: You Can Get an AAA Rating on Tranches of Junk Loan Pools
- Nobody Loves You When You're Downgrading and Out
- In Ur Boardroom Readin Ur Posts
- Fitch: Actual Downgrades of Alt-A Trusts
- Moody's: Possible Downgrades of Alt-A Trusts
- SoCal Home Sales Collapse in June
- WSJ:Two Bear Funds Nearly Worthless, Investors Told
- Banks May Sweeten Terms for Chrysler Deal
- Bear Stearns Hedge Fund Update: 4PM ET
- Builder Confidence Falls in July
- DataQuick: Record Low Orange County June Home Sales
- CSBS On Sub-prime Lending For State-Licensed Mortgage Lenders
- There's Always Something To Distract Investors
- Banks and Bridges to Nowhere
- The ABX Market
- Cyberhomes: Home Value Estimator
- Alt-A Update: Time to Stop Telling That Story, I'd Say
- FDIC on Subprime: How Did We Get Here?
- Stunned But Not Surprised
- Countrywide: Housing Market Continues to Soften, Defaults Rise
- Which Is Not What the Big Bucks Are Paid For
- Conforming Loan Limits: The Subprime Excuse
- Saturday Rock Blogging
- Stockpuppets
- Flight to Quality
- Retail Sales, June
- Utter Worthlessness From Chicago Fed
- Rating Agency Miscellany
- Ooops
- May Trade Deficit: $60.0 Billion
- RealtyTrac on Foreclosure Activity
- Ohio AG on Mortgage Fraud, Ratings Agencies, and Investment Banks
- Moody's May Cut Rating on $5 billion in CDOs
- The Residential Construction Employment Puzzle
- FDIC chief looking at banks' CDO exposure
- Those Wacky NAR Forecasts
- Alt-A: The New Home of Subprime?
- Anyone Want Some "Cheap" Mortgage Backed Bonds?
- More Ratings News: Moody's Downgrades 399
- MarketWatch: New S&P Methodology is "Death Warrant" for Subprime Industry
- Housing Spillover and the Consumer Slowdown
- D.R. Horton: 38% Cancellation Rate
- S&P Changes Subprime Ratings Methodology
- Fitch Downgrades Two Second-Lien ABS
- Junk-rated loans hit new lows
- More on Freddie Mac Housing Forecast
- Freddie Mac: 2007 Home Sales to Decline to 6.28 Million
- Citigroup Concerned about Consumer
- Atlanta Foreclosures
- Housing and Consumption
- The Compleat UberNerd
- It's Not the Default, It's the Deleveraging
- Saturday Rock Opera Blogging
- Lender-owned Homes on the Rise
- Delinquencies and Defaults for UberNerds
- Meritage Homes: Falling Revenue, Cancellations Increasing
- June Employment Report
- Wells Fargo Shuts Down Division
- MarketWatch: Consumers are struggling
- Kasriel: Housing Recession Starting to Strangle the Consumer
- "Soaring" Office Rents
- ADP and Services
- Mortgage Fraud Watch List Wins Round 1
- Number of Unsold Homes Increases
- Hedgies: Another One Bites the Dust
- Econbrowser: June auto sales
- Happy 4th of July!
- Reports of the Death of Private Equity are Premature
- GM: June sales decreased 21%
- Redbook: Weak Consumer Spending in June
- Late Payments Rise for Home Equity Loans
- Pending Sales of Existing Homes Drop 3.5 Percent
- United Capital's Devaney Halts Redemptions
- Is Paulson the New Lereah?
- Krugman: Just Say AAA
- Mortgage Lender Quote of the Day
- Record Price for Office Building
- Bloomberg: The Backyard Possum Theory of Financial Markets
- Bear Stearns: Investors Will Know Losses by mid-July
- The Q2 Consumer Slowdown
June 2007
- Saturday Rock Blogging: Scenes From a Brookstreet Investors' Meeting
- Brookstreet Update III: The Marks Speak
- Brookstreet Update II: "A Notional Pricing Disparity"
- Brookstreet Update: It Depends On What You Mean By "Lunch"
- Estimating PCE Growth for Q2
- BofA RE Agent Survey: Another Leg Down in Traffic
- Personal Income: "Incomes Grew Solidly" in May?
- Federal Financial Regulatory Agencies Issue Final Statement on Subprime Mortgage Lending
- May Construction Spending, Part I
- Bloomberg's Numbers
- American Home Mortgage Pulls 2007 Guidance
- Countrywide Subprime Second-Lien ABS Downgraded
- It Depends On How You Define "Unlucky"
- Subprime and CDOs II
- Subprime and CDOs: Illiquifying the Liquified
- KB Home Reports Second Quarter 2007 Loss
- GDP Releases and Revisions
- MISC Shelves $750M Bond Offering
- Blackstone and the Green Shoe
- LBO Deals to Watch
- Distrust, Ridicule, Contempt and Disgrace
- LBO Debt Market Changing
- S&P: Alt A Loans `Disconcerting,' Jumbos Weaker
- JPMorgan: Planned CDO Sales Dry Up Amid Bailout
- More on May New Home Sales
- Bear Stearns: A Brat Sneers
- BONG HiTS 4 BILL GROSS!
- May New Home Sales
- BONG HiTS 4 BEAR*
- NAR Blames Builders for Housing Woes
- BusinessWeek: Bear's Big Loss Arouses SEC Interest
- More on May Existing Home Sales
- May Existing Home Sales
- Tips for Tanta
- Murk to Muddle
- Housing: Total Inventory
- Saturday Rock Blogging: I Smell a Rat
- A Tale of Two Hedge Funds
- If it's Friday, S&P Rating Cuts
- If It's Friday, Fitch Ratings Cut May Involve Bear Stearns Hedge Fund
- Bear Hedge Funds Update
- If it’s Friday, this must be Ratings Cut Day
- BofA Sees Worse Mortgage Defaults
- Things Are Looking Up on the Supply Side
- CMO? CDO? There's a Difference?
- Bear Stearns Update: The Love of a Mother
- Schiff: Housing to "Plummet into Abyss"
- Brookstreet: Heavy Markdowns in Collateralized Mortgage Obligations
- The Pig Files: Corporate Debt is Out There
- The Bear Stearns Reporting Contest
- WSJ: Bears Woes Test Markets' Mettle
- The Drag Stops Here
- Fitch Ratings: "Radical Deterioration in Creditor Protection"
- On Hedge Fund Asset Sale
- CNBC: JPMorgan Started Selling Stearns Assets
- WSJ: Bear Stearns Funds Face Shutdown
- Bear Stearns Update: Merrill plans to sell off $850 million
- UCLA Forecast: Housing Slowdown Spilling Over Into Consumption
- Housing Starts and Completions for May
- Toward a Unified Theory of Asset Preservation
- WSJ: Bear-Led Hedge Fund Gets Reprieve
- Builder Confidence Slips Again in June
- Truth-Seekers Are Always Misunderstood
- Fannie Mae on 2/28 Delinquencies
- Hedgies Grab the Other Third Rail
- A Busted Slump?
- GMAC: Still Dumber Than WaMu
- WSJ: Ills Deepen in Subprime-Bond Arena
- WSJ: Merrill Seizes Hedge Fund Assets
- LA Times on Housing
- Housing: "immovable glut of supply" meets "decline in demand"
- Saturday Rock Blogging
- Mortgage Fraud Update: Back to the Beginning
- Perceived Subprime-Mortgage Risk Surges
- BK-O-Matic
- Industrial Production
- CRE Finance Firm: "Meltdown" in the CMBS Market
- DataQuick: Bay Area home sales drop, prices up
- MBA: Foreclosures Up on Subprime Mortgages
- Weekly Unemployment Claims
- Ivy Zelman Departs Credit Suisse
- WSJ: Bear's Fund Is Facing Mortgage Losses
- U.S. in a "Bleak Mood"
- Beige Book on Real Estate
- SoCal: Slow Home Sales for May
- Retail Sales, May
- Fed: Household Debt Service Declines in Q1
- Fed mulling ban on some mortgage lending
- Hamilton: Reconciling the BED, CES, and birth/death employment data
- Treasury Yields Rise to Highest in Five Years
- Foreclosure Filings Surge in May
- Borrower Counseling: Where the Rubber Meets the Road
- Mortgage Rates: 30 Year Fixed vs. Ten Year Yield
- WSJ: Troubled Firms, Big Loans
- Bear Stearns Responds
- Paulson v. Bear, Again
- Harvard on Housing: Too much inventory
- Efficient Markets
- Unsold houses pile up
- “Uneconomic Transactions,” Or Why I Hate Wall Street
- Saturday Rock Blogging: Ah, What's Puzzling You?
- WSJ: Economists See Housing Slump Enduring Longer
- Bear Stearns and RI as Percent of GDP
- Orange County Home Sales at Record Low
- April Trade Deficit, MEW and Interest Rates
- Kennedy-Greenspan: Equity Extraction Declines in Q1 2007
- Percentage of Household Equity Falls to Record Low
- Fed: Mortgage Debt Increased $127.6 Billion in Q1
- Interest Rates Rising
- Modifications, Buybacks, True Sales, and Puzzlement
- California: State Senate Passes Bill to Tighten Lending Standards
- Meritage Homes Revises Outlook
- NAR Cuts Housing Forecast
- Wells Fargo: Homebuilding's lull 'unsustainably low'
- Builders Forgive Illegal Second Liens
- ISM Services Index Rises
- Homebuilder: "sudden and dramatic" decline in business
- Bernanke: The Housing Market and Subprime Lending
- Homebuilder X: By Any Means Necessary
- Fitch Report on Loan Modifications
- Fitch: New U.S. RMBS Criteria Reflects Greater Use of Loan Modifications
- Appraiser: Housing Prices to Fall 25% to 50%
- LoanPerformance: Delinquency Rates Keep Rising
- The New Piggybacking: Lipstick on a FICO
- Housing Update, June 2007
- Economics: The Stories We Tell Ourselves
- Saturday Rock Blogging: In Your Pension, Your Peaceful Pension . . .
- Reelin' In the Suckers
- WSJ: CRE Lenders, Investors may be Turning Cautious
- Whatever
- Many Builders Building Spec Homes to Liquidate Land
- Wal-Mart Cuts Capital Spending
- May Employment Report
- Subprime Update: We Built This City on Rock and Roll
- I Bet On Losses, I Want to See Some Losses
May 2007
- Commercial Real Estate Update
- FDIC Banking Profile for Q1 2007
- Roubini: "Not Bearish Enough"
- OFHEO House Price Index
- Non-Residential Construction Spending Still Strong
- Subprime and The Press, Version Eleventy Jillion
- Fed Surprised by Housing - Again
- Fed Hearing: Home Ownership and Equity Protection Act
- Housing ATM "Out of Money"
- Pulte Homes Cuts more Staff
- Standard & Poor's House Price Index Declines
- Home Builders: Bust may last to 2011
- Difficulties in Counting Foreclosures
- Reverse Mortgages: An UberNerditorial
- FHFB: House Prices slide Nationally in Q1
- Saturday Rock Blogging III: Every Man Needs Protection
- Saturday Rock Blogging II: Whalen Gets the Willies
- Saturday Rock Blogging: Coast CEO Catches the Bus
- Even more on Existing Home Sales
- More on Existing Home Sales
- April Existing Home Sales
- All Your Access to Money Are Belong To Us
- More on April New Home Sales
- Fed: Loan Delinquency Rates Increase in Q1
- Housing Revisions
- April New Home Sales
- WSJ on the Construction Employment Riddle
- Quotes from MBA Mortgage Conference
- Stated Income Update: Dugan Opens Fire
- Servicing Update: About Those Modifications . . .
- Measuring Equity Extraction
- Fremont Sells Commercial Lending Business
- Kennedy-Greenspan MEW
- MEWPEE: It's Not Just For Ferraris Any More
- MEW Update
- More Mozilo
- If Option ARMs Are Outlawed, Only Outlaws Will Have Option ARMs
- Lowe's Cuts Outlook
- Anti-Crimes Rhymes in the Times
- Mergers and Acquisitions
- Results of Foreclosure Auction
- Am I the Only One Who Hears the Screams?
- Saturday Rock Blogging: The Broker
- Brookings on Low-Income Debt Patterns
- Subprime delinquencies higher than reported
- Wells Fargo: SoCal Homes Prices to Fall 6% Through '08
- Why Aren't Loans Designed For People Who Don't Need Them?
- Residential Construction Employment Conundrum Solved?
- On Housing Permits and Starts
- Weekly Unemployment Claims
- Bernanke: The Subprime Mortgage Market
- Why I Am Not An Analyst
- What Home Improvement Investment Slump?
- California Home Sales: Lowest Since '95
- Starts, Completions and Recessions
- Housing Starts and Completions
- Commercial Real Estate: Slump Ahead?
- SoCal home sales hit 12-year low
- Builder Confidence Slips Again In May
- Lender Beware
- Housing Hits Home Depot
- Fraud and Collateral Risk Index
- Layout Changes
- Fed: Banks tightening lending standards
- Subprime Update: "Turbulent" Is Today's Word
- You Can Get "New Car Smell" For $3.99 at Target
- Strategic Financing: A Bridge Loan Too Far
- WSJ: Banks Selling Foreclosed Homes for "Huge Discounts"
- Atl-A: Lending's next tsunami?
- Lies, Damned Lies, and Default Rates
- Saturday Rock Blogging
- Subprime Correction Spreads to all Categories of Loans
- U.S. Retail Sales
- Unclear on the Concept
- Impac: Alt-A Losses Increase
- Roubini: U.S. Q1 Growth Likely to be Revised Down
- April Retail: Most Results Miss
- Professor Hamilton: Why hasn't construction employment plunged?
- BofA CEO: "We did some stupid things"
- Is the MBA Index Currently Useless?
- HUD Proposes Ban on Seller Down Payment (Again)
- Housing: "Selling season a bust"
- Second-Lien Debt Worries
- Paging Mr. Keynes
- Mother Theresa Update: The Ownit Story
- What is "Residential Investment"?
- New Century Update: NEW Knew News
- Subprime Update: The Other Sorry Anecdote
- Economy: At the Crux
- Evicting the "Better-heeled"
- Saturday Rock Blogging
- MBS For UberNerds III: Credit Risk, Credit Enhancement, and Ratings
- WSJ: Home Buyers Seek a Way Out
- April Employment Report
- New Century Update: "Hardship" Is Relative, I Guess
- Fed to consider new rules against abusive lending
- Beazer Update: Money Can Buy Me Love
- More Subprime Bond Downgrades
- A Warning on Risk in Commercial Mortgages
- ADP Employment Report
- Freddie Mac Reports On Cash-Outs
- Calculating Residential Investment as Percent of GDP
- Merrill Lynch scraps Option One's $1.5 billion credit line
- UCLA Forecast: Recession Unlikely, More Pain for Housing
- Pending Home Sales Down
- The New York Times Needs a Business Reporter
April 2007
- NAR Economist David Lereah to Step Down
- U.S. Office Vacancy Rates Rise
- Alt-A Update: AHM Reports Tail Period
- Subprime Update: Let the Litigation Begin
- Subprime: The 50% Problem
- Homebuilder: 2008 "won't be so great"
- Saturday Rock Blogging: Roaring Twenties Edition
- Ranieri on the MBS Market: It's Broke
- Non-Residential Investment: The Key?
- Record Homeowner Vacancy Rate
- Q1 2007 GDP: Investment and Recessions
- Residential Investment as Percent of GDP
- But Is the Message Worth the Money?
- Investment and Recessions
- WSJ: Home Equity Lending Stalls
- Moody's Concerned about Homebuilder Cash Flow
- Earnings Releases
- Regulatory Response Update: Hit Me Again
- Agent Begs Sellers to Take Homes Off Market
- New Home Sales vs. Starts
- Standard & Poor's: Negative Ratings Watch on 2005-Vintage RMBS
- Prime Update: Freddie Mac Delinquencies
- More on March New Home Sales
- March New Home Sales: 858 Thousand SAAR
- Alt-A Update: First Federal Reports
- Mortgage Fraud Update: Wall Street Gets Fleeced By the Little Guy
- Goldman's Hatzius on Residential Construction Employment
- Home Sales: Actual vs. Forecast
- March Existing Home Sales
- Surrealism Update: How Keep Your Value Up
- S&P: US new home market may take til 2009 to rebound
- NAHB's Chief Economist Releases Housing Forecast
- WSJ: Home Equity Is Rising Source of Spending says Greenspan Paper
- Massachusetts Mortgage Summit Recommendations
- Saturday Rock Blogging: I'm Not Subprime . . .
- IndyMac Tightens Standards
- Housing Bottom Callers
- Goldman: California home prices to weaken further
- Fun with AP: Reporting the Unemployment Rate
- Fed's Mishkin: The U.S. Economic Outlook
- Things You Don't Need to Know About Subprime
- MBS For UberNerds II: REMICs, Dogs, Tails, and Class Warfare
- Housing: Upside Down
- Alt-A hits Capital One
- Alt-A Update: Bear Goes Bearish
- D.R. Horton: Spring Sales Weak
- Fannie Mae's Mudd on Subprime
- Foreclosures Bring the Frauds Out
- Weekly Unemployment Claims
- "Bailouts" for UnterNerds: The Freddie Mac Story
- Class Action Lawsuit Against Toll Brothers
- Freddie Mac's Syron on Subprime
- Neg Am and Lender Accounting
- MBA: Mortgage Applications Decrease
- Alt-A Update: Downey Reports
- WSJ: Problems May be Spreading to Prime Home Loans
- Housing Starts and Completions
- Alt-A Update: "Completely Manageable"
- GSEs Announce New Subprime Take-Outs
- DataQuick: California Foreclosure Activity Jumps Again
- Builder Confidence Recedes Further In April
- Retail Sales
- Fitch on Subprime Early Defaults
- Q&A with MBA Chairman
- MBS for UberNerds I: GSE Pass-Throughs
- Saturday Box of Rocks Blogging
- My Calculated Risk Has Just Been Sold!
- Open Thread
- FHA and Subprime: Who Is Taking the Fraud Risk?
- Trade Deficit
- Foreclosure Moratorium: See "Details, Devil In"
- DataQuick on Bay Area, CA: Home prices up, Sales Still Slow
- DataQuick on SoCal: Slow sales, Record Median Price
- Heebner: "Biggest housing-price decline since the Great Depression"
- Weekly Unemployment Claims
- Fannie Mae on 2007 ARM Resets
- Washington Post: Bailout Update
- Moody's: Commercial-Mortgage Risk Forcing Change
- The Impact of MEW on PCE
- WSJ: Realtors Predict Annual Price Drop
- Option ARMs: The Band Plays On
- MBA: Purchase Applications Rise, Refinance Applications Decline
- NY Times: Rent vs. Buy
- Mortgage delinquency rates hit an all-time high
- Homebuilders: No Joy in Mudville
- Bagholder Bondholder Liability: Can’t Have That
- D.R. Horton: No Spring in 2007
- How to Catch a Falling Knife
- Unpaid Condo Dues Threaten More Foreclosures
- Morgan Stanley: The Employment Conundrum
- Housing Inventory Surges
- Foreclosure Sales and REO For UberNerds
- Housing Slump Reduces State Tax Revenue
- And some movies ...
- I Took a Little Calculated Risk . . .
- Foreclosures: 15% of California Home Sales in March
- Comments: Return of Haloscan
- While You Were Out . . .
- American Home Mortgage slashes forecast
- March Employment Report
- UBS Sues New Century
- LA Time: Offices go up in earnest, Bust Fears Dismissed
- Alt-A: Another Exceptionally Well-Disguised Blessing
- WSJ: Housing Inventory Surges
- Content, Comments, and Layout
- Fed's Fisher on Risk
- MBA: Mortgage Applications Decrease
- ADP: Private Employment Increased 106K in March
- WSJ: Mortgage Payment Woes Worsen
- Layout Changes
- Auto Sales Skid
- Tanta Makes a Confession
- WSJ: Office Space Demand "Sluggish"
- BusinessWeek: Weak Capital Spending
- WSJ: Subprime Pullback May Crimp Consumer Spending
- New Century Files For Bankruptcy
- UCLA Forecast: O.C. Housing to be Spared Worst
- Hark! The Herald Angelo Sings!
- WSJ: NEW may Announce BK Monday AM
- A Walk Down the Subprime Memory Lane
March 2007
- Take a Calculated Risk on Me
- Washington Post on Michigan Foreclosures
- Fulton Financial Alt-A Repurchases
- Bank says Alt-A loan woes will hurt earnings
- OCC: Record Bank Trading Revenues of $18.8 Billion for 2006
- Construction Spending
- Dr. Goolsbee: I’ll Stop Impersonating an Economist If You Quit Underwriting Mortgage Loans
- Dallas Fed: Comparing 2001 to 2006
- Indymac on Alt-A and Subprime Lending
- AP: Late Payments on Consumer Credit
- San Diego: Home loan defaults skyrocket
- ARM Disclosures: This Is Only a Test
- ResCap Investor Forum
- Braunstein Testimony on Subprime: Supply or Demand?
- Bernanke's Forecast
- Bernanke on Housing
- MBA: Mortgage Applications Decrease Slightly
- Housing: Ruined Dreams
- Feds Are Investigating Homebuilder Beazer
- OCC: "concerned in 2002 with the growth of exotic mortgages"
- Lennar CEO: Worst Not Over
- The Other Shoe About to Drop: Subprime Servicing
- New vs. Existing Home Data
- More on February New Home Sales
- February New Home Sales: 848 Thousand
- Unwinding the Fraud for Bubbles
- Housing: Short Sales and Taxes
- Charlotte Observer: The Power of the Press
- Freddie Mac Reports
- FHA: Out of the Dark Ages
- Housing: Supply Demand Imbalance
- Housing: Subprime Machine and Impact on Communities
- February Existing Home Sales
- Private Mortgage Insurance for UberNerds II: Flows, Pools, Bulks, and Captives
- Cole Testimony: Cui Bono?
- KB Home: Persistent Supply Demand Imbalance
- Weekly Unemployment Claims
- Private Mortgage Insurance for UberNerds I: The Loss Severity
- Fed: Weaker Economy, More Inflation
- The Dawn of A New Era
- LA Times: Recession Unlikely from Housing Slump
- MBA: Mortgage Applications Decrease
- Lumber and Recessions
- People's Choice Home Loan BK, LoanCity Closes Shop
- BofA See 15% Drop in New Home demand, Citigroup Remains Bullish
- Housing Starts and Completions
- More on Bank Exposure to Real Estate
- FICOs and AUS: We Will Add Your Distinctiveness to Our Collective
- Builder Confidence Declines in March
- Fremont General Gives Notice to Mortgage Staff
- First American Study on Foreclosures
- Commercial Bank Exposure to Real Estate
- Tanta on FICO "Inflation"
- Tanta: Negative Amortization for UberNerds
- NY Times: Mortgage Trouble Clouds Homeownership Dream
- Roach: The Great Unraveling
- Retail Sales and Q1 GDP
- DataQuick: California House Sales Decline in February
- LA Times: A town right on the default line
- "Biggest Foreclosure Bloodbath Ever"
- Default Misery
- Toll: Spring Was a "Bust"
- Mortgage malaise may bring recession: Merrill
- Greenspans Sees Problems Spreading
- Goldman Sachs: "Mortgage Problems Go Well Beyond Subprime"
- Workers find it tough to relocate
- Wells Fargo and Co-issue Loans
- Fleck on Alt-A
- DataQuick: Socal home sales slowest in a decade; new price peak
- Jim Rogers: "This is the end of the liquidity party"
- Escrow to Seller: "Bring Money"
- More Subprime: Option One and GMAC
- MBA: Mortgage Applications Increase in Weekly Survey
- Macroblog: It's All In The ARMs
- The Subprime Chain Reaction
- Advertising and, uh ... Blushing
- Countrywide CEO says mortgages in liquidity crisis
- Tanta Makes the Argument for Conformism and Other News of the Weird
- New foreclosures at record high
- NRF: Slow Housing Market Leads to Lackluster Retail Sales
- Accredited Home: Exploring Options, May Delay SEC Filing
- February Retail Sales: "Soft"
- Jobs: "Employers are Shifting into Neutral"
- Tanta: Credit Suisse "Not drinking the Kool Aid"
- Countrywide Tightens Lending Standards
- Segmentation of Residential Mortgage Debt
- Credit Suisse: "not just a subprime issue"
- NEW SEC filing, lenders are cutting off financing; faces $8.4 billion in obligations
- WSJ: Subprime Fallout May Not Infect Broader Market
- Financial Times: invention of credit derivatives
- Commercial Real Estate Bust?
- CR on the Media
- Media Inquiries Policy
- NY Times: Crisis Looms in Mortgages
- LA Times: Loan turmoil closes doors for buyers
- Bear Stearns: Stricter lending seen barring 1 mln US home buyers
- Countrywide Financial ends no down-payment lending
- Why Residential Construction Hasn't Fallen - Yet
- Bies on Subprime: "Beginning of the Wave"
- Subprime Defaults Add to Unsold Homes Inventory
- February Employment Report
- New Century "has elected to cease accepting loan applications from prospective borrowers"
- NEW sinks on BK Speculation
- Fed: Increase in Homeowner Mortgage Debt Slowed in Q4 2006
- WalMart Misses, Retail Weak in February
- Unemployment Insurance Weekly Claims
- FBI: "Mortgage Fraud is pervasive and growing"
- FDIC: Cease and Desist Order Against Fremont
- D.R. Horton CEO: "2007 is going to suck"
- Mortgage Lending Standards vs. Personal Consumption
- BofA: Real Estate Traffic "Short of Expectations" in February
- ADP Employment Report
- MBA: Refinance Applications Jump As Mortgage Rates Decline
- Changes to CR
- Subprime guidance may hit 60% of Countrywide ARMs
- Fed's Rosenblum: Changing Risks in the Global Economy
- Citigroup: "Bullish on Housing"
- Toll: No Spring Turnaround for Housing
- Fed's Warsh on Liquidity
- A Tantamentary on "Messier Mortgages"
- ISM Services Index
- Open Thread
- Employment
- GMAC Mortgage Executive: "Headed Halfway Down the Mountain"
- NY Times on S&P House Price Indexes
- New Century faces Criminal Probe, Possible "Going Concern" Warning
- Fremont Files Notification of Late Filing with SEC
- Bond default protection more costly for Banks
- Agencies Seek Comment on Subprime Mortgage Lending Statement
- New Century Financial Intends to File Form 12b-25 on March 2, 2007
- Fremont Intends to File Form 12b-25 on March 2, 2007
- Weekly Claims
- GMAC's Subprime Mortgages
- OFHEO Q4 House Price Index
- Construction Spending
- WSJ: Mortgage Defaults Start to Spread
- Countrywide Says Late Payments Rose
- Worries Persist Over Subprime Loans
February 2007
- When Changes in Subprime Lending Standards will Impact Home Sales
- More on January New Home Sales
- MBA: Mortgage Applications Increase in Weekly Survey
- January New Home Sales: 0.937 Million SAAR
- GDP Revisions
- Fremont to Postpone Release of Results
- For Manufacturing, a Recession Has Arrived
- FDIC: Housing Slowdown Poses Challenge to Bank Loan Growth
- Freddie to Tighten Subprime Mortgage Standards
- January Existing Home Sales
- O.C. Mortgage Broker on Lending Standards
- WSJ: Home Lenders Cut the Flow Of Risky Loans
- Economic Forecast Revisions
- "Nobody's Buying with all the Foreclosures"
- Tanta on ...
- Foreclosures: "At the beginning of this cycle”
- Housing Inventory "Grossly Understated"
- Toll: Disappointing Sales
- BBB- ABX Contracts are "going to zero"
- Unemployment Insurance Weekly Claims
- Fed's Yellen on Housing
- MBA Purchase Applications
- MBA: Mortgage Applications Decrease
- NovaStar Discussion
- Wells Fargo: Layoffs Due to Tighter Credit Policy
- Tanta: Mortgage Servicing for UberNerds
- WSJ: After Subprime, Danger Lurks
- Kellner: Blame it on the Weather
- Investment Lags
- Subprime Damage: "It is only a matter of when"
- Subprime: The impact on Existing Home Sales in 2007
- Warehouse Lender Acting "Irrationally"
- Wells Fargo and Subprime Loans
- Housing Starts and Completions
- CNNMoney: Record home price slump
- DataQuick: Bay Area Prices Fall, Slowest Sales Since 1996
- S&P to Warn Earlier
- Builder Confidence Improves in February
- WSJ: Mortgage Hot Potatoes
- Q4 GDP to be Revised Down
- 2007 Update
- Accredited Home stops making riskier loans
- DataQuick: SoCal Slowest January since 1998, stable prices
- Bernanke on Housing
- MBA: Mortgage Applications Increase
- Home Mortgages and the Trade Deficit
- "It happened overnight."
- ResMae Files for Bankruptcy
- Fremont Lending Changes
- The Yield Curve Matters to Banks
- Kudos to Fleck
- Shepherdson Predicts No Growth in Q1
- Florida: Tax shortfalls crimp budget
- Fed's Pianalto on Monetary Policy and the Economy
- Geithner and Credit Derivatives
- Hamlet Dies in Act V
- Toll Brothers: Revenue Off, Writedowns "Significantly Exceed" Estimates
- WSJ: Mortgage Refinancing Gets Tougher
- HSBC Warns on Bad Debt
- New Century Financial Warns, Will Restate
- Fannie Mae's Berson: House Prices to Fall
- Northern Trust: On the Fed and Tighter Lending Standards
- Freddie Mac: Dollar Volume of Equity Cashed-Out Falls
- MBA: Purchase Applications Decrease
- California short $1 billion in tax revenue, Housing Bust Might be Cause
- Housing Layoffs Coming
- D.R. Horton: Sales Worsen in January 2007
- Mortgage Lenders Network Files For Bankruptcy
- MBA: 2007 Residential Mortgage Market
- WSJ on Vacant Homes
- SPF CEO: No housing rebound in '07
- First Bank Failure Since 2004
- Lending Standards "Tightening up"
- January Employment Report
- A Salute to Molly
- Trends in exports and imports
- WaPo: All Economic Doubts "Dispelled"
- Tanta on "Scratch and Dent" Loans
January 2007
- Residential Investment as Percent of GDP
- GDP Report
- MBA: Mortgage Applications Increase
- Forbes: The Adventurer (Part II)
- JPMorgan CEO: Recession Signs
- Give Bernanke Credit
- Record Homeowner Vacancy Rate
- OC Register on Subprime Lenders
- On Blogging
- More on December New Home Sales
- NY Times: Tremors at the Door
- December New Home Sales: 1.12 Million SAAR
- Existing Home Sales as Percent of Owner Occupied Units
- Unemployment Insurance Weekly Claims
- December Existing-Home Sales Ease
- Forbes: The Adventurer
- Economic Experts are Optimistic
- California Default Notices Increase
- MBA: Mortgage Applications Decrease
- WSJ: Mortgage Delinquencies Mount
- D.R. Horton: Housing Slowdown in "Early Stages"
- North Carolina: Record Foreclosures
- Record Foreclosure Activity in 2007?
- More Trouble for Lenders
- What would change my mind?
- First Horizon Hurt by Mortgage Unit
- On Turning Bearish
- Pulte Homes Warns
- DataQuick: 2006 California Sales Lowest Since 1996
- Housing: Starts and Completions
- Worth a second look ...
- DataQuick: Bay Area home prices flat, slow sales
- Fed's Mishkin on Monetary Policy and House Prices
- NAHB: Builder Confidence Improves in January
- MBA: Purchase Applications Decrease
- Leamer: Is a Recession Ahead?
- DataQuick: SoCal New price peak, slowest December in ten years
- Centex, KB Home
- Berson on Housing Overhang
- Tanta: Information is Power, Which is Why You Don’t Get Any
- Fleck: Home-loan house of cards ready to fall
- Mankiw Confuses Fed Transparency and Oversight with Independence
- Lansner Q&A with Lender
- Thornberg: "The worst is in front of us"
- Will Q4 Real PCE be Greater than Nominal PCE?
- NRF: "Subdued" Retail Gains
- December Retail Sales
- The Long and Short Views
- Fed's Bies on Mortgage Lending
- Homebuilder: Housing to "remain challenging throughout 2007"
- November Trade Deficit: $58.2 billion
- MBA: Mortgage Applications Increase
- Increasing Foreclosures
- Fed's Kohn on Housing
- Baum: "a False Sense of Complacency"
- More BLS vs. ADP
- Professor Case and Sticky House Prices
- Jobs: BLS vs. ADP
- December Employment Report
- Housing Bust Gives Renters a Break
- MEW's Impact on 2007
- CSBS State Mortgage Guidance Update
- November Construction Spending
- MBA: Mortgage Applications Increase
- December Retail Sales "Anemic"
- 2007 Economic Predictions
- Mortgage Lenders Network stops loans
- Lennar: No Sign of Housing Market Recovery
- More Views on Housing