2008
2,712 posts
2008 2,712
December 2008
- Cartoon: Some Things Never Change
- Cartoon: CR on Vacation
- Weekly Unemployment Claims Decline
- Office Rents off as much as 25% in New York
- New Commenting System
- NY Times: Toxic Homes and Divorces
- S&P Case-Shiller: Home prices off 18% in past year
- GMAC Bailout
- Open Thread ...
- Open Discussion
- Krugman: 50 Hoovers
- Report: IndyMac Deal Near
- Open Thread ...
- NY Times on Possible CRE Bailout
- WaMu "A thin file is a good file"
- CRE Boom Ends in New York
- WSJ: Retailers Brace for Major Change
- Cartoon: Can I have a pony?
- Low Mortgage Rates, Few Qualify
- Japan Industrial Output: Cliff Diving
- More Bad News for Retail Sales
- A Christmas Present for UberNerds
- Live from New York ...
- GMAC Approved as Bank Holding Company
- Oil Prices: Cliff Diving
- Conforming Mortgage Rates Fall, Jumbo Spread at Record
- Savings Rate Starting to Recover
- Estimating PCE Growth for Q4 2008
- Weekly Unemployment Claims: 26 Year High
- Hotels: Occupancy Rate Falling, Delinquencies Rising
- Cerberus Limits Withdrawals
- Manhattan Office Vacancy Rate Rises to 10.9%
- Even More on Home Sales
- Philly Fed November State Coincident Indicators
- More on Existing Home Sales
- Existing Home Sales Plunge in November
- New Home Sales in November
- Existing Home Sale Decline Sharply in November
- Frozen Wages
- White House: Hoocoodanode?
- OTS Official Accused of Backdating IndyMac Capital Infusion
- Housing Bust Impacting Labor Mobility
- White House: No one could have known
- Credit Crisis Indicators
- REIS: Commercial Real Estate Loan Defaults May Triple
- WSJ: Commercial Property Investors Seek Bailout
- NY Times: More Part Time Workers
- Japan Exports Decline 27%
- U.S. retail gasoline prices decline to $1.66 per gallon
- UK: Up to 15 national retail chains expected to go BK in January
- Last Minute Gift Idea
- Real Estate and Tax Advantages
- NY Times: Ideologues Aided Mortgage Crisis
- CRE Owner "Walking Away"
- Retail Space to be Vacated
- Schwarzenegger may force unpaid time off for state employees
- Crude Oil below $33 per Barrel
- T2 Partners: "Why There Is More Pain to Come"
- Q3 2008: Mortgage Equity Extraction Strongly Negative
- The Auto Bailout
- GM and Chrylser Bailout Plan might be announced Friday
- Federal Reserve Assets
- The Doris "Tanta" Dungey Endowed Scholarship Fund
- The Obama Stimulus Plan
- DataQuick: Almost 50% of Home Sales are Foreclosure Resales in California Bay Area
- S&P Negative Outlook for CMBS
- Freddie Mac: 30 Year Mortgage Rates Lowest Since Survey Started
- Philly Fed: Manufacturing sector conditions "continued to deteriorate"
- Weekly Unemployment Claims
- UK Report: New Government Scheme to Restart Business Lending
- Chrysler Shuts Down All Factories
- OPEC Cuts Output Target, Oil Prices Fall
- HUD: Mortgage Modification Program "a failure"
- Architecture Billings Index hits another All Time Low
- Bad housing policy proposals never die ...
- CRE in the News
- Time to Buy!
- Negative Yields on Money Market Funds
- Newsweek: Transitions 2008
- DataQuick: Socal 55% of Home Sales are previous Foreclosures
- Fed Funds Rate Target from ZERO to 0.25%
- FDIC Increases Insurance Rates
- Get your own piece of the TARP!
- Best Buy Cites "Historic Slowdown", cuts Capital Spending Plans in Half
- Housing Starts Decline to Record Low
- The Impact of Falling Oil Prices on Energy Investment
- AIG sells RMBS to FED
- Office Landlord Advice: “Go ugly early.”
- Fitch Warns on Alt-A
- Housing Starts vs. New Home Sales
- NAHB Index Stays at Record Low
- No Word on Auto Bailout
- Cartoon: Bernanke on Quantitative Easing
- NY Fed: December NY Manufacturing "conditions deteriorated significantly"
- GSEs to Let Renters Stay after Foreclosure
- What if they had a Fed Meeting ...
- White House on GM: No Announcement Sunday or Monday
- San Francisco: House Prices Not Immune to Downturn
- Hotels: Occupancy Rates Keep Falling
- Krugman and Princess Madeleine
- The $50 Billion Ponzi
- Oil Prices: Cliff Diving
- $1 Trillion Stimulus Plan?
- More on TARP Bailout of GM
- CR Companion for Firefox
- Bank Failure #25: Sanderson State Bank, Sanderson, Texas
- Bank Failure #24: Haven Trust Bank, Duluth, Georgia
- Forecaster: Negative Q4 GDP in China
- Ecuador Defaults on Bonds
- DOT: Gasoline Demand Increases in October
- Construction Employment as Percent of Total Employment
- Inland Empire Commercial Vacancy Rates Rise Sharply
- Cartoon: Made Outta Ponies
- White House Considers Using TARP for Automakers
- Retail Sales Off Sharply in November
- Reports: Auto bailout talks collapse
- The Madoff Complaint
- $50 Billion Ponzi?
- On Tanta, The Journalist
- West Coast Ports: Export Traffic Falls to 2006 Levels
- BofA to Cut 30,000 to 35,000 jobs
- Total Household Net Worth as Percent of GDP
- Fed: Household Percent Equity Cliff Diving
- 30 Year Mortgage Rate Lowest Since 2004
- Initial Unemployment Claims Increases Sharply to 573 Thousand
- Freight Haulers Prepare for "Nuclear Winter"
- The Ten Trillion Dollar Man Update
- Report: GSEs May Waive Appraisals for Refis
- Woolies to Hold Closing Down Sale
- Credit Crisis Indicators
- Setser: On Global Trade and China
- Some WaMu Office Leases might be Voided
- Office Depot to Close 112 Stores, Reduce New Openings
- WSJ: Auto Bailout Deal Reached
- AIG: A Black Hole?
- Lodging Investment and the Hotel Bust
- Report: Consumers Buying more Gasoline
- Update on Mortgage Pig Wear for Charity
- Treasury Bills Trade at Negative Rates
- The CRE Bust: Quick Overview
- SunTrust: Economy has turned "decidedly bleaker" over last month
- Pending Home Sales Decline In October
- Cartoon: Automakers just need a little push
- Sony to Cut 16,000 jobs, Reduce Capital Spending
- Reports: Bailout Deal Close for Automakers
- Credit Suisse Forecast: 8.1 million foreclosures by 2012
- FedEx: "Significantly weaker macroeconomic conditions"
- Tribune Co. files for bankruptcy
- This, That, and Tanta
- Dugan: High Re-Default Rates
- Auto Bailout may be "introduced tomorrow"
- Volcker Warns of Tough Times Ahead
- In Memoriam: Doris "Tanta" Dungey
- Boston Globe on "Econobloggers"
- Thoughts on Oil
- Great Moment in Journalism: "Thud"
- Frank Rich Mention of Tanta
- Obama Releases Some Details on Economic Stimulus Package
- Tanta's Mortgage Pig Wear for Charity
- Saturday Rock Blogging: Reminiscing
- Innovative Thinking from Detroit?
- Fleckenstein Shutting Down Short Hedge Fund
- Bank Failure #23: First Georgia Community Bank, Jackson, Georgia
- WaPo: Obama Team Agrees to Aid Treasury
- Fed Buys $5 Billion in Agency Debt
- More on Delinquencies and Foreclosures
- Chrysler Hires BK Law Firm
- MBA: Almost 10% of Homeowners with Mortgages Delinquent or in Foreclosure Process
- Employment Declines Sharply, Unemployment Rises to 6.7 Percent
- Homebuilder Kimball Hill Closes
- Banks Lending - NOT!
- Articles on China
- Credit Crisis Indicators
- Bernanke on Housing, Mortgage Markets, and Foreclosures
- Unemployment Claims as Percent of Covered Employment
- I Read the News Today ... Oh Boy
- Weekly Unemployment Claims
- Cyber Monday Results
- House Prices and Interest Rates
- CRE Quote of the Day
- WSJ: Treasury Considers Plan to Lower Mortage Rates to 4.5%
- BofA CEO: No "short-term rays of sunshine"
- On Tanta: Mortgage Pig for Charity and Compendium
- Fannie Mae Limits DTI regardless of AUS Decision for Loans with MI
- Hamilton on Auto Sales
- ISM Non-Manufacturing Index Plunges in November
- More Bad Employment News
- Compendium of Tanta's Posts
- Manhattan: Office Space for Lease Doubles
- GM Requests $4 Billion to Survive 2008
- Chrysler sales off 47%
- GM Sales Off 41%
- Ford sales off 31%, Toyota sales off 34%
- Credit Crisis Indicators
- Mortgage Delinquency Rate to Rise Sharply in 2009
- A2/P2 Spread Blow Out
- Tanta Donation Information
- Remembering Tanta
- Paulson Speaks, Market Crashes
- Bernanke: Fed may buy Longer-Term Treasuries
- NBER: December 2007 Peak in Economic Activity
- Cliff Diving: ISM Manufacturing Index
- Construction Spending Declines in October
- Whitney: Credit Card Consumer Liquidity to Decline by 45%
- Sad News: Tanta Passes Away
November 2008
- Report: Trump Entertainment to Miss Payment
- Black Friday: More Pessimistic Views
- NRF: Holiday Season Off to Energetic Start
- More on Black Friday
- Black Friday: Shoppers Cautious
- Office Space in Exurbia
- Where is CR?
- Bank Failure Friday?
- WSJ: Retail Lease Obligations
- CB Richard Ellis: CRE "Conditions have deteriorated" Rapidly
- Shiller: Crisis May Run for `Years and Years'
- Hoocoodanode?
- Japan's Economy: "the world stopped turning"
- Everything you wanted to know about China ...
- Happy Thanksgiving!
- UK: "Woolies" to Close after Christmas; 30,000 Jobs in Jeopardy
- The Slowdown in China
- On Faltering Consumption
- Roubini: Policies will lead to "much higher real interest rates on public debt"
- Video: Obama Appoints Volcker to Head New Economic Advisory Board
- Credit Crisis Indicators: Mostly Unchanged
- More on New Home Sales
- October New Home Sales: Lowest Since 1982
- 2008 Word of the Year: Bailout
- Weekly Initial Unemployment Claims: 4-Week Moving Average at 25 Year High
- Mortgage Rates Fall: 30 Year Fixed at 5.5%
- Home Builders Accuse FDIC of Cutting off C&D Loans
- Real House Prices
- House Prices vs. PCE
- House Price-to-Income Ratio
- FDIC: Number of Problem Banks Increased Sharply in Q3
- Roubini: Geithner and Summers "Excellent Choices"
- Price-to-Rent Ratio
- Case-Shiller House Prices: Free Falling
- Fed Announces New Facility to Buy GSE MBS
- New Lending Facility from Treasury, Fed for Consumer Lending
- Construction Employment and the Obama Stimulus Package
- Paulson May Ask for Remaining TARP Funds
- Existing Home Sales: Turnover Will Slow
- Krugman on Stimulus, Citi Bailout, and Geithner
- Credit Crisis Indicators
- NAR: Re-Default Rate 50% of Modifications
- Existing Home Sales (NSA)
- Existing Home Sales in October
- Krugman on Citigroup Bailout: "a lousy deal"
- Setser: "Thrilled" with Geithner Pick for Treasury
- Statements by Fed, FDIC, Treasury on Citi Bailout
- WSJ: Government to Guarantee $300 Billion in Citigroup Assets
- CNBC: Expect Citi Bailout Announcement Soon
- WSJ: Citigroup, U.S. Near Agreement on Bad Assets
- CNBC Reports Government could buy $100+ Billion in Citigroup Assets
- UK: Gordon Brown Expected to Announce Stimulus Package Monday
- WaPo: Regulatory Failure at the Office of Thrift Supervision
- Daily Show: Pirates!
- Obama: "Act Swiftly and Boldly"
- Unemployment Hits the Inland Empire Hard
- Downey Memories
- Graphs: FDIC Bank Failures
- NY Times: Citi in Talks With U.S. Government
- Bank Failures #21 and #22: Downey Savings & Loan Association, Newport Beach and PFF Bank & Trust, Pomona
- Update: Banks Lending
- Bank Failure #20: Community Bank, Loganville, Georgia
- Bank Failure Friday: Downey Edition?
- Geithner Picked as Treasury Secretary
- California Unemployment Rate Hits 8.2%
- Buffett: Unemployment will hit "New Heights"
- Kedrosky: The Option ARM Non-Bomb?
- Credit Crisis Indicators
- Goldman Slashes GDP forecast
- Singapore in Recession
- Citigroup to Hold Unscheduled Board Meeting Friday
- Repeat: Four Bad Bears and Two "Experts"
- Treasury Capital Purchase Program (TARP)
- Fannie and Freddie to Suspend Foreclosures
- Graph: Worst Crash Since Great Depression
- Most Severe Market Crash Since Great Depression
- LA Times: Auction of Building Equipment
- DataQuick: Foreclosure Resales Almost Half of Bay Area California Activity
- Report: Senate Reaches Deal on Automaker Bailout
- Philly Fed: Manufacturing sector index "lowest level since October 1990"
- Credit Crisis Indicators: Flight to Quality
- Credit Markets: "Back in crisis mode"
- GMAC Seeks to be Bank Holding Company, Access TARP
- Continued Unemployment Claims Over 4 Million
- Dr. Duy: Fed Policy Adrift
- Poole on Quantitative Easing
- GGP Hires BK Firm
- DOT: U.S. Vehicle Miles Off Sharply in September
- Four Bad Bears
- More Bad News for Commercial Real Estate
- Market Crash: DOW under 8000, NASDAQ under 1,400
- Comparing Stock Market Crashes
- Architecture Billings Index Drops to All Time Low
- Roubini: Worst U.S. Recession in 50 Years
- Credit Crisis Indicators: No Progress
- WSJ: CMBS Market Shows Fissures
- Housing Starts at Record Low
- FDIC Leases Office Space in Orange County
- Condo Projects Postponed in Vancouver
- Report: Two Major Commercial Mortgages Near Default
- Fed: Delinquency Rates Rise in Q3
- SoCal Home Sales Highest Level this Year
- NAHB Market Index Hits Record Low
- CRE: Environmental site assessments down sharply
- Credit Crisis Indicators: No Progress
- Bernanke: Some Signs Credit Markets are Improving
- Home Depot Forecasts Annual Sales off 8%
- Should The Government Stop Dumping Money Into A Giant Hole?
- How bad could Q4 be?
- UK: House Rents Fall
- Treasury to Unwind Supplementary Financing Program
- Forecast: 2009 Hotel Occupancy Rate to be Lowest Since 1971
- Report: Bush Administration will not seek remaining TARP Funds
- Walking Away from ... Boats
- Credit Crisis Indicators: Unchanged
- Citigroup: About 50,000 job cuts in "near-term"
- Lowe's: "decline in sales trends" in November
- Spot the Bankruptcy Attorney
- Hotels: rapid deterioration "across the board"
- Europe, Japan Recessions Confirmed
- Iceland Closer to IMF Bailout
- Slowing Exports and Residential Investment
- Mortgage Mods in the U.K.
- IMF Bails Out Pakistan, Iceland Still Waits
- NY Times: The Debt Trap
- San Jose to Request $14 Billion from TARP
- Jingle Mail in the UK
- Four insurers hope to buy thrifts, access TARP
- Quote of the Day: Home Improvement
- Silicon Valley CRE Slows
- Hartford hopes to become S&L, access TARP
- Paulson: We have "humiliated ourselves as a nation"
- Credit Crisis Indicators: LIBOR Rises Again
- FDIC Loan Modification Proposal Estimated to Cost $24.4 Billion
- Survey: Planned Holiday Spending Off Sharply
- Freddie Mac Asks Government for $13.8 Billion
- LA Ports in October: Export Traffic Below 2007
- Retail Sales Collapse in October
- Krugman: Return of Depression Economics
- Office Vacancy Rate Doubles in Bend, Oregon
- Charlie Rose: A conversation with Bill Ackman
- Federal Reserve Assets Increase $139 Billion this Week
- Record Spreads between 30 Year Corporate and Treasury Yields
- Credit Crisis Indicators: LIBOR Rises Slightly
- Campbell Survey: Home Sales to Fall Sharply in October
- Another Day, Another Bank Holding Company
- Trade Deficit Declines to $56.5 Billion in September
- Initial Unemployment Claims over 500 Thousand
- Mervyn King: UK Worst Economic Downturn in 30 years
- ABX and CMBX Cliff Diving
- Tim Duy's Fed Watch
- Intel Warns "Fourth-Quarter Below Expectations"
- Whitehead: "Worse than the Depression"
- Dimon: Recession may be worse than Credit Crisis
- GE, GM: Bailout News
- Video: Paulson on TARP
- Credit Crisis Indicators: A little Progress
- Macy's Sharply Reduces 2009 Planned Capital Expenditures
- Paulson: Buying Troubled Assets Not Effective Use of TARP
- Fed to Banks: Lend!
- Best Buy "rapid, seismic changes in consumer behavior"
- Apartment Market Weakens
- Next Up: Bailout for U.S. Automakers
- Hotel Occupancy Rates Expected to Decline Sharply
- FHFA Modification Program Details
- GSE Foreclosure News Conference
- Fannie, Freddie to Present Loan Mod Plan at 2PM ET
- LIBOR Declines to 2.18%
- Toll: Record Low Homebuyer Demand
- Downey Savings: "Substantial Doubt" About Survival
- Major Mall Owner Warns of Possible Default
- The UK Retail Recession
- AmEx to Become Bank Holding Company
- Fannie: $100 Billion May Not be Enough
- Credit Crisis Indicators: Little Progress
- Retail: Quotes of the Day
- Fed and Treasury announce restructuring of AIG financial support
- Circuit City Files Bankruptcy
- Larger Bailout for AIG
- "A microcosm" of CRE in New York
- The Commercial Real Estate Bust
- WSJ: $586 Billion Stimulus Package in China
- Some in Congress push for TARP Aid for Automakers
- Franklin Bank Failure and Commercial Real Estate
- Restaurant Outlook Grim
- FDIC: Two More Bank Failures Numbers 18 and 19 this year
- The Slowdown in China
- Moody's Cuts MBIA Rating
- Bloomberg Sues Fed to Force Disclosure
- Construction and Retail Employment
- President-Elect Obama to Speak on the Economy at 2:30PM ET
- Report: Commercial Vacancies for NYC to rise to 17.6%
- Pending Home Sales Decline in September
- GM: Liquidity to "fall significantly short" of necessary minimum in 2009
- Ford Burns Through $7.7 Billion in Cash
- Credit Crisis Indicators: TED Spread Below 2.0
- Unemployment Rate Jumps to 6.5%, Employment Off 240 Thousand
- Queen Baffled by Credit Crisis
- Fed's Warsh: Fundamental Reassessment of Every Asset Everywhere
- The Tech Slowdown
- Federal Reserve Assets Increase $105 Billion
- Schwarzenegger Calls for Tax Increases, Budget Cuts
- UK: Mortgage Lenders Refuse to Pass on Rate Cut as House Prices Plummet
- Las Vegas Sands may Default
- Credit Crisis Indicators: More Progress
- Continued Unemployment Claims at Highest Since 1983
- Rate Cuts in Europe
- WSJ: Treasury and FDIC Close to Announcing Mortgage Modification Program
- GM Exec says Next 100 Days "critical"
- NY City Commercial Real Estate from Mayor Bloomberg Report
- Goldman Sachs expects one of weakest Employment Reports in 20 years
- Moody's cuts Ambac Rating
- Shiller: "Worst Times Ahead"
- Credit Crisis Indicators: More Progress
- The Treasury Secretary Speculation
- ISM Services Index Declines Sharply in October
- D.R. Horton Warns
- GMAC: $2.5 Billion Loss
- More on Commercial Real Estate
- DTCC Releases Credit-Default Swap Info
- Fannie Mortgage Bond Spreads Decline
- Credit Crisis Indicators: More Progress
- UK Construction Activity Declines Sharply
- Hotel Occupancy Rates Decline; Expected to Fall Further
- LIBOR Continues to Decline
- More on Auto Sales
- WSJ: Foreclosure Prevention Program Drags
- Summary of Busy Day
- Funding the National Debt
- Misc: Wikinvest, Full Feed, and Zombie Ads
- Advance Q3 2008 MEW Estimate
- Fed: Lending Standards Tighten, Loan Demand Weakens in October
- GM: "probably worst industry sales month in the post-WWII era."
- Ford: Auto Sales Decline 30% in October
- Credit Crisis Indicators: Some More Progress
- ISM Factory Index Lowest Since 1982
- Construction Spending in September
- Circuit City Announces Closure of 155 Stores
- China: Owners Deserting Factories
- Long Line Forms at Bailout Window
- Report: GM Turned down by Government
- Wells Fargo and Wachovia: "Background of the Merger"
- Reports: Circuit City, Mervyn's to Close Stores
- Fleck: "Eighth Inning of Credit Crisis"
- Cities and Government Agencies Lose in Crisis
- Chrysler Renault-Nissan Talks Halt, Cerberus Prefers GM
- The Possible Impact of Contracting Manufacturing in China
- Citigroup: $1.4 Billion in Losses from Credit Card Securitization
- Ben Bernanke, Please Send Me Some Green!
- IndyMac Mod Update
- Court Filing: Plaintiff Objects to Surety Bond due to Credit Crisis
- FDIC Bank Failures
October 2008
- Bank Failure #17: Freedom Bank, Bradenton, Florida
- IMF to Bailout Pakistan
- Credit Crisis Indicators: Some Progress
- Residential Investment and Home Improvement
- Frank: Bailout Funds are for Lending
- Architecture Billings Index: Falls "precipitously"
- Q3: Office, Malls and Lodging Investment
- Real Personal Spending Declined Sharply in September
- Quotes on Possible Treasury Mortgage Plan
- Report: Almost Half of Nevada Homeowners Underwater
- Comparing Stock Market Crashes
- Fed Holds $145.7 Billion in Commercial Paper as of Oct 29
- Fed's Yellen: "Economy Contracting Significantly"
- PCE: Worse in September
- Cliff Diving du jour: Insurance Companies
- Office Vacancy Rate vs. Unemployment
- Credit Crisis Indicators: Mixed
- Investment in Structures: Residential vs. Non-Residential
- Q3 GDP Declines 0.3%
- IMF Creates $100 Billion Fund
- Wells Fargo Issues Shares to TARP for $25 Billion
- Roubini: S&P500 May Decline Another 30%
- Treasury, FDIC Considering Plan to Rework Millions of Mortgages
- More Swap Lines from the Fed
- Fed Funds Rate Cut 50 bps to 1.0%
- Report: GM-Chrysler Major Acquisition Issues Resolved
- Credit Crisis Indicators
- New Home Sales: Shift to FHA Financing
- LIBOR Slowly Declines
- Mathew Padilla at Google Talk
- NY Times: Lenders Begin to Curb Credit Cards
- S&P Case-Shiller: Real Prices for Selected Cities
- WSJ: Bailout might Include Privately Held Banks
- Rocket Ship
- The Fed Starts Buying Commercial Paper
- SL Green on CRE
- Real Case-Shiller Composite Indices
- Credit Crisis Indicators: Mostly Unchanged
- Consumer Confidence Hits Record Low
- Q3: Homeownership and Vacancy Rates
- S&P Case-Shiller: House Prices Decline in August
- S&P Case-Shiller: Home prices off 16.6% in past year
- First Fed: Over 22% of Loan Portfolio to Underwater Households
- BofE Report: Britian Banks May Need More Capital
- WSJ: GM may get $5 Billion Government loan
- Non-Residential Investment: WalMart Spending to Decline
- New Home Sales: Annual and Through September
- Credit Crisis Indicators: Progress
- September New Home Sales: Lowest September Since 1981
- Capital One, Sun Trust Sell Preferred to Government
- Global Cliff Diving Continues
- Report: IMF and Hungary Reach Bail Out Agreement
- Progress: Nothing Blows up on a Sunday
- IMF to Bail Out Ukraine
- Fed Funds Rate Cut
- The Oil Cushion
- Excess Housing Units
- Volvo Truck Sales (story changed)
- Bank: Your Credit Rating is Better Than Ours!
- Greenspan and The Simpsons
- The Global Meltdown
- Charlie Rose: A Conversation with Paul Krugman
- Fed Researchers on Predicting PCE
- Bank Failure: Alpha Bank & Trust, Alpharetta, GA
- Port Traffic Declines Sharply in September
- Credit Crisis Indicators: mostly worse
- DOT: U.S. Vehicles Miles Driven Off Sharply in August
- Existing Home Sales, NSA
- Existing Home Sales Increase in September
- PNC to Acquire National City
- Limit Down
- Fed Marks Down Bear Stearns Assets by $2.7 Billion
- How is Tanta?
- On Greenspan
- DataQuick: California mortgage default filings
- Credit Crisis Indicators: No Progress
- Philly Fed September State Coincident Index
- IndyMac-FDIC Mortgage Modification Plan: Still in the Real World
- Roubini: Panic may lead to market shutdown
- Report: Foreclosures Rise Sharply in Q3 (year over year)
- Weekly Unemployment Claims: 478,000
- Bryce National Park
- Pulte Homes: "environment worsened significantly"
- WSJ: Banks may see record credit card losses
- Credit-Rating Companies `Sold Soul'
- Calpers Loses More than 20% Since June
- Credit Crisis Indicators: Mostly unchanged
- Roubini on CNBC
- FDIC Seeks Office Space in SoCal
- Wachovia $23.7 Billion Loss
- Zion National Park
- Mervyn King: A 'long march' out of recession
- O.C. Office Vacancy Rate hits 14.85%
- DataQuick: 42% of California Bay Area Sales from Foreclosures
- Credit Crisis Indicators: More Progress
- MSC Industrial Comments on Economy
- LIBOR Continues to Decline
- National City, Fifth Third, KeyCorp Post Losses
- Federal Reserve announces Money Market Funding Facility
- Graphs: Housing Starts and Builder Confidence
- Report: Iceland to Accept IMF Bailout
- Fitch: House Prices to Fall 10% over next 18 months
- DataQuick: SoCal home sales up, 50% of Sales from Foreclosures
- Credit Crisis Indicators: More Progress
- Bernanke: "Risk of a protracted slowdown", Supports Fiscal Stimulus
- LIBOR Continues to Decline
- Netherlands Injects $13.4 Billion in ING
- NY Times: Wave of Financial Fraud Cases
- Treasury Wants Regulators to Change Rules
- UK: Negative Equity to Reach 2 Million
- Bizarro World
- Deflation in 2009?
- Lahde Quits Hedge Funds
- Credit Crisis Indicators: More Progress
- Credit Crunch Humor
- Krugman: Economic slump "nasty, brutish — and long"
- Single Family Starts Lowest Since 1982
- Top 10 credit crunch jokes
- More GM Chrysler Merger Talks
- Capital One Conference Call: Downturn "extended and long"
- Switzerland Bails out UBS
- Credit Crisis Indicators: Some Progress
- NAHB Housing Market Index Hits Record Low
- Oil Below $70 per Barrel
- Industrial Production: Cliff Diving
- Write Downs: Citi $4.4 Billion, Merrill $9.5 Billion
- Weekly Unemployment Claims
- NY Times: House Prices Far From Bottom
- Asian Market Cliff Diving
- CNN: Culprits of the Collapse
- Bernanke: Fed may Consider Asset Bubbles
- S&P may downgrade $280 billion of Alt-A
- More Cliff Diving Today
- Fed's Beige Book: "more pessimistic about the economic outlook"
- Credit Crisis Indicators: Worse
- Bernanke: Stabilizing the Financial Markets and the Economy
- Jamie Dimon: "If you are not fearful, you're crazy"
- NY Fed: Manufacturing conditions "deteriorated significantly in October"
- Retail Sales Decline Sharply in September
- Fed's Yellen: "U.S. economy appears to be in a recession"
- GMAC Limits Loans to Buyers with 700+ FICO Scores
- WSJ: Some Signs of Credit Thaw
- The First Great Depression
- LA Times: Retailers cutting back on holiday hiring
- Roubini Sees Worst Recession in 40 Years
- Up in Smoke?
- Research: Housing Busts and Household Mobility
- Volcker: "Considerable" U.S. Recession
- Joint Statement by Treasury, Federal Reserve, and FDIC
- Paulson Press Conference at 8:30AM ET
- Paul Krugman Nobel Prize News Conference
- Capital Injection Dollars Announced
- U.S. to Buy Stakes in ...
- U.S. Says: "Yes, Prime Minister"
- Market Rocket Ship
- Foreclosures in Orange County
- European Countries take more action
- Paulson to Meet with Bank CEOs Today
- Credit Crisis: Watching for Signs of Progress
- Paul Krugman Wins Nobel Economics Prize
- Mitsubishi invests in Morgan Stanley
- U.K.: cash injections for RBS, HBOS, Lloyds TSB
- Federal Reserve and other central banks announce unlimited liquidity
- Krugman: Has Gordon Brown Saved the World?
- UK Announcement Before 7 AM BST, Stock Exchange to Remain Open
- Report: Morgan Stanley and Mitsubishi Renegotiating
- Europe Guarantees Bank Borrowing
- Report: EU to Guarantee Interbank Lending
- Australia and New Zealand to Guarantee All Bank Deposits
- Recent Home Buyers Underwater
- $400+ Billion German Bailout Possible
- UK Bailout: Details to be released at 7 AM Monday (London Time)
- UK to Invest in Banks on Monday
- Treasury Official: Equity Purchase Plan to be Announced Within Days
- Charlie Rose: A Discussion with Paul Volcker
- GM to Acquire Chrysler?
- Paulson: Will Buy Equity "Soon"
- G-7 Communiqué: Just Generalities
- Bank Failures: Number 14 and 15
- G-7 Update: Italy say communiqué "too weak"
- Credit Spreads: Still Getting Worse
- CNBC: Treasury Preparing Term Sheet for Recapitalization
- Report: Germany Considering Bank Recapitalization Plan
- Market Take from Cartoonist Eric G. Lewis
- President Bush to Speak at 10:30 AM ET
- Volcker: We Have the Tools to Manage the Crisis
- Financial Crisis: A Global Response?
- Dr. Evil and Mini-Me
- Gordon Brown: Follow Our Lead
- Trade Deficit and Oil
- Citi: Will Not Ask that Wells Fargo-Wachovia merger be enjoined
- More Cliff Diving Today: S&P Off 40% from Peak
- Reuters: Treasury may recapitalize banks this month
- Iceland seizes Kaupthing, Closes Stock Exchange
- Good Morning
- TED Spread at Record
- NY Times: Recapitalization Plan Being Considered
- Daily Show Moment of Zen: Debt Clock
- Paulson and Capitalization
- Fed Expands Loans to AIG
- Paulson to Discuss G7 Crisis Coordination at 3 PM ET
- The Adjustment Process
- Pending Home Sales Index Rises in August
- Fed Funds Rate Cut 50 bps, Global Rate Cuts
- UK: £50 Billion Recapitalisation, £200 Billion Special Liquidity Schemes
- Homeowners with Negative Equity
- The Export Slowdown
- UK: Government to Invest in Banks
- Spain Tries a TARP, UK to Announce "Dramatic Rescue Package"
- Office Vacancy Rate Rises Sharply
- Bernanke: Economic Outlook "has worsened"
- Grassley: SEC Allowed "excessively risky behavior"
- Federal Reserve Announces Commercial Paper Funding Facility
- Credit Crisis: LIBOR Rate Increases
- Possible G8 and Fed Action
- The Impact of Less Equity Withdrawal on Consumption
- Gross to Fed: Cut Rates to 1%, Buy Commercial Paper
- This American Life: On the Bailout
- BofA Cuts Dividend in Half, Sees Further Weakening
- FDIC’s Bair Expects Wachovia Deal Today
- Mall and Strip Center Vacancy Rates Rise Sharply
- Q2 2008: Mortgage Equity Withdrawal Plunges to Near Zero
- DOW Breaks 10K, Party Like It's 1999
- Fed to Begin Paying Interest on Reserves, Expands Loan Program
- 60 Minutes: Wall Street's Shadow Market
- Wachovia Battle: Appellate Court Rules for Wells Fargo
- Report: UK Government Considering Plan to Recapitalize Banks
- Hypo Real Estate Bailed Out
- Report: BNP Paribas buys Fortis
- More on the European Financial Crisis
- Germany Guarantees All Deposits
- Citigroup Obtains Temporary Court Order Blocking Wells Fargo
- Senator Boxer Explains her Vote
- Will there be an Intermeeting Fed Rate Cut?
- Germany: Hypo Rescue Collapses
- UK: Homeowners Stop Mortgage Equity Withdrawal
- Dutch Nationalize Fortis
- Goldman Sachs Forecasts "Deeper" Recession
- IRS Tax Change Helps Wells Fargo Acquire Wachovia
- Paulson Statement on Bailout Plan
- Bailout: Bill Passes House
- Bailout: The House Vote is Scheduled for about 12:30PM ET
- Citigroup Demands Wells Fargo and Wachovia Halt Merger
- Bailout: House Votes at 12:30 PM ET
- Employment Declines by 159,000 in September
- Wells Fargo to Buy Wachovia
- Greece Guarantees All Deposits
- Land Selling for Pennies on the Dollar
- Zuckerman on Charlie Rose
- Fed: AIG Drawdown Rises to $61.3 Billion
- Credit Stress
- BofA: Fed May Lose $6 Billion on Bear Assets
- More on Auto Sales
- Housing: Bad Policy Proposal
- Weekly Unemployment Claims Rise to 497,000
- SEC Extends Short Selling Ban
- Curious about Wooden Arrows for Children?
- Bailout Bill Passes in Senate
- The Senate Debate and More
- National Debt Exceeds $10 Trillion
- Senate Speeches on Bailout Bill
- Foreclosure Alley
- Ford: Sales Decline 34.6% in September
- Bailout Bill will Allow FDIC to Borrow Unlimited Amounts from Treasury
- ISM manufacturing index plunges
- Non-Residential Construction Spending Declines
- Businesses Complain of Credit Market Troubles
- Mark-to-Market Quotes
- Report: Senate to Vote on Bailout Wednesday Night
September 2008
- National Debt to Exceed $10 Trillion Tomorrow
- Estimating PCE Growth for Q3 2008
- FASB, SEC to Issue Accounting Guidance
- Fed's Lockhart on Financial Crisis
- Case-Shiller Price Declines by City
- The Irish Guarantee
- Case-Shiller: House Prices Declined in July
- LIBOR Hits All-time High of 6.88%
- Bailout: Senate to Vote on Wednesday
- Dexia Fears Grow
- Homeowners with Negative Equity
- Paulson to Try Again
- National Debt: The Race to Ten Trillion
- Cliff Diving
- Bailout Plan Fails in House
- House Vote Nears on Bailout Plan
- Fed to significantly expand "the capacity to provide U.S. dollar liquidity"
- Mitsubishi UFJ Buys 21% of Morgan Stanley
- Personal Income for August Indicates Consumer Recession
- FDIC: Citigroup to Acquire Wachovia
- Report: Citigroup Nears Deal for Wachovia
- Fortis, B&B, Wachovia, Bailout Plan
- Report: Citigroup and Wells Fargo Bidding for Wachovia
- Draft: Emergency Economic Stabilization Act of 2008
- Report on Bailout: Congress to Vote on Monday, Senate on Wednesday
- Fortis Update
- Official: Bradford & Bingley Savers to be Protected
- Pelosi: Summary of Draft Proposal
- Bailout Agreement Reached
- Pelosi: Let Americans Review Legislation Before Vote
- Reports: Fortis Near Collapse, B&B Likely to be Nationalized
- Bailout: Meetings Continue
- Bush: Bailout Plan "soon"
- Office Space: Rents Decline in New York
- Roubini: Why the Treasury TARP bailout is flawed
- The Bailout Plan and The Debate
- More Wachovia Suitors
- Report: Wachovia in Talks with Citigroup
- Watching the TED Spread
- More Cliff Diving
- JPMorgan House Price Projections
- Cliff Diving: Wachovia and National City
- Bush on Financial Crisis
- Economists Question Paulson's Plan
- Videos: Wall Street Bailout
- Paulson Plan Update and JPMorgan WaMu
- JPMorgan Conference Call
- FDIC: WaMu Closed, No Cost to Insurance Fund
- WaMu thread: Looking for Details
- JPMorgan to Buy WaMu Operations
- Deal or no Deal: The Situation remains Fluid
- Bailout: Agreement on Principles
- The Cost of the Bailout
- FDIC Responds to Bloomberg Story on Deposit Insurance Fund
- Report: Bailout to be in Installments
- WaMu Cliff Diving
- Report: Dodd says Agreement Reached on Bailout
- Pelosi Says Bailout Will be Passed
- Credit Spreads: Off the Charts
- August New Home Sales: Lowest August Since 1982
- New Home Sales Decline Sharply
- Reports: Paulson Plan Deal Near
- Weekly Unemployment Claims Jump to 493,000
- GE Warns: "Difficult Conditions", Sees No Near Term Improvement
- Bush: "Entire Economy is in Danger"
- Video: Bush on Financial Crisis at 9PM ET
- Fitch cuts WaMu to Junk
- In Their Own Words: Paulson, Bush, Bernanke in 2007
- Krugman: "Slap in the Face" Theory
- Video: Bernanke and Paulson at 2:30 PM ET Testify Before Congress
- AP: Paulson Agrees to Executive Pay Limits as Part of Plan
- Bank Run in Asia
- Bernanke on Recapitalization
- S&P cuts WaMu to 'poor quality'
- Bernanke Live Video
- Existing Home Sales, NSA
- August Existing Home Sales Decline
- TED Spread: Back in "Credit Hell"
- Buffett: Paulson Plan "Absolutely Necessary"
- The Fed Never Sleeps: $30 Billion in Swaps for Overseas Markets
- Report: FBI Investigates Four Companies in Credit Crisis
- Paulson: "I Want Oversight!"
- Predictions and Emails
- Hold-to-Maturity Pricing
- Report: Berkshire Hathaway to Invest $5 Billion in Goldman Sachs
- Wells Fargo 30 Year Jumbo Mortgage Rates at 9.2% APR
- Goldman Considering IndyMac Assets
- Bernanke on Fire-Sale Prices
- Report: Hedge funds suffer mass redemptions
- Paulson: We Need Oversight, Protection, and Transparency
- Report: WaMu Could be Split
- Bernanke's Senate Testimony
- Fed Changes Bank Investment Guidelines
- Update on Paulson Plan
- Update: The Ten Trillion Dollar Man!
- CNBC: No Deal Reached on Paulson Plan
- Report: Paulson Agrees on Equity Stake
- Oil Futures Hit $130 per Barrel
- The Dodd Plan
- First Company Opts Out of Short Selling Ban
- Paulson Plan: Questions for Congress to Ask
- NYSE Expands Short Selling Ban to 30 Additional Companies
- Krugman: Cash for Trash
- WaMu: Talks Continuing
- Fed: Goldman Sachs, Morgan Stanley to be Bank Holding Companies
- Australia Bans Short Selling
- Paulson Plan: Will it Work?
- What We Should Get For $700 Billion
- Bailout Eligibility Expanded to Foreign Institutions
- NY Times Makes a Funny
- Some Thoughts on the Bailout
- Bailout Proposal
- Bailout: Few Details Yet
- Bank Failure: Ameribank, Inc., Northfork, WV
- NY Times: Congress Stunned by Warnings
- Architectural Billing Index: More Negative Conditions
- Non-Short List Companies: Me Too! Me Too!
- Moody's: Possible Downgrades for Ambac and MBIA
- California Unemployment Rate Hits 7.7%
- The Price of the Bailout
- Paulson Transcript: "Troubled Asset Relief Program" (TARP)
- Paulson: Plan Size "Several Hundred Billion"
- Treasury to Insure Money-Market Funds
- SEC Bans Short Selling of Financial Stocks
- Short Sales and Seller "Participation"
- What would a New Government Entity Look Like?
- WSJ: SEC Plans Temporary Short Selling Ban
- Financial Times: Five banks Evaluating WaMu
- Report: WaMu has Attracted Multiple Potential Bidders
- CNBC on RTC II
- Report: WaMu Attracts No Bids
- Report: NYC Real Estate in Decline
- Moody's Increases Loss Forecasts on Some Mortgages
- Fed: Household Percent Equity Declines
- DataQuick: Bay Area California Sales Declines
- More Money Market Fund Troubles
- NY Times Correction on Morgan Stanley Comment
- A2/P2 Spreads Blowout
- Freddie Mac: 30 Year Fixed Mortgage Rate Drops to 5.78%
- CNBC: Morgan Stanley and Wachovia in Advanced Merger Talks
- Central Banks Take Steps to Improve Liquidity
- Weekly Unemployment Claims Increase to 455,000
- Hang Seng Cliff Diving
- Report: Morgan Stanley CEO: Quote Corrected
- Orange County: Record Foreclosures
- WaMu: For Sale
- S&P 500: 25% Off Sale
- DataQuick: Almost Half of SoCal House Sales are Foreclosure Resales
- Money Market Funds Try to Calm Investors
- Senators Gregg and Dodd: No More Shoes About to Drop
- More Cliff Diving: Goldman, Morgan Stanley, Wachovia
- Brady, Volcker, Ludwig: Resurrect the RTC
- TED Spread Blowout
- Russian Stock Market Crash Continues, Trading Halted Again
- Single Family Starts: Lowest Since 1991
- Report: Regulators Looking for a Buyer for WaMu
- Comment on Crisis: Necessary Steps
- Fed: AIG Deal Done
- Reports: Fed Readies $85 Billion Loan for 80% of AIG
- WSJ: Proposed Plan for AIG includes Bridge Loan, Possible U.S. Government Control
- NY Times: AIG Fate Rests with Fed or Bankruptcy by Wednesday
- Large Money Market Fund Freezes Redemptions
- Bloomberg: Conservatorship for AIG Considered
- Morgan Stanley Reports
- Bloomberg: Fed Considering Loan for AIG
- FT: Russian Market Crashes 17%
- Fed: No Change in Fed Funds Rate
- NAHB: Builder Confidence Near Record Low
- Reuters: WaMu No Active Merger Talks with JPMorgan
- CNBC on AIG: NY Fed Meeting Now, Fed Help Possible
- Fed Fund Probabilities
- AIG Shares Off 50% in Pre-Market Trading
- Goldman Net Declines 70%
- CPI Declines slightly on Falling Oil Prices
- Shanghai Cliff Diving: Composite Index Breaks Below 2K
- AIG Deal before U.S. Market Open?
- Wells Fargo takes Lehman Related Charge
- Fitch Downgrades AIG
- S&P Lowers WaMu Credit Rating to Junk
- Credit Crisis: The Fourth Wave
- Gretchen's Modest Proposal
- Federal Government Asks Banks to Lead AIG Lending Facility
- DOW off 400 Points
- NY Fed Meeting on AIG
- AIG: NY State Governor to Make Statement
- Lewis: Financial Services to be "Tough" through 2009
- NY Fed: Manufacturing Activity Weakened in September
- Lehman Files for Bankruptcy Protection
- Lehman Intends to File Bankruptcy
- Lehman, AIG: Late Night
- Summary Thread: Lehman, AIG, BofA Buys Merrill, Fed Initiative
- Fed Announces New Liquidity Initiatives
- AIG Rejects Private Equity, Asks Fed for Help
- BofA Buys Merrill Lynch
- NY Times: Lehman to File for Bankruptcy Protection
- BofA, Merrill in Merger Talks
- Banks Prepare for Possible Lehman Bankruptcy, Start "Netting" Trades
- NY Times: Lehman Appears Headed Towards Liquidation
- Bloomberg Reports Barclays Out of Lehman Talks
- Lehman Talks Continue on Sunday
- Late Night Lehman Thread
- WSJ: Deal Unlikely Today
- FT: Wall Street could buy 'bad bank’
- Emergency Meeting on Lehman Resumes on Saturday
- Loan Modifications: Anecdotes and Data
- Fed and Wall Street Discuss Possibility of Liquidation of Lehman
- WSJ: NY Fed Holding Emergency Meeting with Wall Street Execs
- AIG Could Hold Conference Call on Monday
- Stifel Analysts: WaMu Loan Losses Rising Rapidly
- Hurricane Ike
- The American Banker: WaMu in "advanced discussions" with JPMorgan Chase
- Secondary Market: Lehman 6 Month Notes Priced to Yield 34%
- Mortgage defaults Spike in Inland Empire
- Paulson: No Government Funds for Lehman
- Mortgage Pig™ Fights Back
- Retail Sales Decline
- WaMu: $4.5 Billion in Loan Loss Provisions, Fitch Downgrades
- WaPo: Treasury and Fed Assisting in Sale of Lehman
- WSJ: Lehman in Sales Talks
- Hatzius: An Estimate of Mortgage Credit Losses
- Bloomberg: Senators Ask Fannie / Freddie to Freeze Foreclosures
- Lower Mortgage Rates, But More Lenders Require 15% Down Payment
- Bloomberg: Lehman Said to be in Talks with Potential Buyers
- Lehman: Cliff Diving
- Unemployment: Continued Claims Over 3.5 Million
- Investment: Residential vs. Non-Residential
- The CRE Bust: Quick Overview
- Lehman on House Prices
- BofA: Builder Portfolio "Not Pretty"
- WaMu Cliff Diving
- Tracking REOs in Huntington Beach, CA
- Ding Dong! The DAP is ... Alive?
- Oxley: Ideologues hurt Fannie and Freddie
- Actually, They Hate You Too
- Lehman Conference Call at 8 AM
- Lehman: $3.9 Billion Loss, Spin Off Commercial Real Estate Assets
- CRE: More on the Mall Glut
- Lehman Press Release; Bloggin' the Conference Call
- Lehman to Announce Expected Results, Strategic Initiatives
- S&P Cuts WaMu Outlook to Negative
- Charlie Rose: Fannie and Freddie
- Goldman Still Trading With Lehman
- $100 Oil
- S&P: Lehman on CreditWatch with Negative Implications
- The Budget Disaster
- Lehman, WaMu Cliff Diving
- Freddie Mac and the "Two Year Rule"
- Pending Home Sales Index Declines
- Fannie, Freddie Get Special IRS Tax Rule
- Bove on WaMu: Problem is Simple, Too Many Bad Loans
- Wells Fargo to take Fannie & Freddie Related Write-Down
- CNBC: Paulson on Fannie and Freddie
- Housing: It's about prices ...
- WaMu: Memorandum of Understanding with OTS
- In a Word . . .
- Norris on Fannie and Freddie: G-Fee vs. Taxpayer Losses
- Fannie and Freddie Press Conference Videos
- WSJ: WaMu Ousts CEO
- Fannie & Freddie Thoughts
- FDIC on Fannie Mae and Freddie Mac Plan
- Statement by Paulson on Fannie and Freddie
- GSE Announcement at 11 AM ET
- Hurricanes
- More Fannie and Freddie
- Rep. Frank Confirms Treasury Plan
- Fannie and Freddie
- WSJ: Fannie, Freddie to be put in `Conservatorship'
- Bank Failure: Silver State Bank, Henderson, Nevada
- More on MBA Delinquency Data
- OTS Reclassifies BankUnited Regulatory Capital Status
- OTS Issues Cease-and-Desist Order to Downey Financial
- WSJ: Treasury Close to Final Fannie & Freddie Plan
- MBA: Prime ARMs to Dominate Foreclosures
- MBA: Record Foreclosures, Delinquencies
- Unemployment Rate Jumps to 6.1%
- We're All Fraudulently Induced Now
- Cathedral Lake
- The Import Slowdown: Los Angeles Area Ports
- Ike and South Florida
- Fed's Yellen: Crisis "ongoing and perhaps deepening"
- Fed's Fisher: Economy to Stay Sluggish
- Price to Rent Ratio
- ISM: Non-manufacturing Economic Activity Increased Slightly
- NY Times: Cerberus Auto Investments Faltering
- Cartoon of the Day
- Q2 MBA Delinquency and Foreclosure Report Due Friday
- Stiglitz: What's our economy based on?
- Chrysler Sales off 34%
- Fed's Beige Book: Economic Activity Slow
- Ford Sales off 27%
- ResCap Closes all Retail Mortgage Offices, Cuts 5,000 employees
- FDIC: Construction & Development Loans
- C&D Loans: Lender BB&T Forecloses on Comstock Properties
- Construction Spending in July
- Cartoon of the Day
- Ambac Gets Approval for Connie Lee Clone
- Fitch: Prime Auto ABS Losses Nearly Double in July
- FHA Refis = FHASecure
- Seemed like a good idea at the time
- They Could Call It Moronic
- Cartoon of the Day
- Culture shock, fraud in South Florida
- Cartoon of the Day
August 2008
- Don't Worry, There's a PLAN
- Alabama County Faces Bankruptcy
- Cartoon of the Day
- Gustav takes aim at N'awlins, oil prices
- Open thread
- Great Balance Sheet! Strong Earnings!
- Why are regulators always behind?
- SFAS 157, Fair Value and Other Fairy Tales
- Cartoon of the Day
- Bank Failure: Integrity Bank, Alpharetta, Georgia
- The End is Nigh
- Oil and Gustav
- IndyMac Mods: Principal Forbearance Vs. Reduction
- Personal Income and Outlays Report Suggests Slowdown
- Cartoon of the Day
- Bank of China Reduces Fannie, Freddie Investments
- FDIC Prepares for More Bank Failures
- Lehman Layoffs, Citi Cost Cutting
- Mortgage Rates Decrease Slightly
- Unemployment: Continued Claims over 3.4 Million
- Plunge Protection Team, Pakistan Style
- Freddie Mac on House Prices
- Moody's: Rising RMBS Delinquencies
- CRE Version of Stated Income: "Lenders Would Believe Anything"
- Quote of the Day: Thornberg on Housing
- OTS: More Losses for Thrifts
- FDIC Increases Loss Estimate for IndyMac
- Some Plan
- We Get Mail
- Olive Garden Warns
- Contest: Predict New Home Sales
- Carteret Mortgage to Close
- FDIC Problem Bank List Increases
- Case Shiller: Real National Prices Decline to Q4 2002 Levels
- July New Home Sales
- More Advice on Hardship Letters
- Case-Shiller: House Prices Decline in June
- WSJ: Regulators Step Up Bank Actions
- Take A Load Off Fannie
- WaMu Offering 5% 12 Month CDs
- JPMorgan: Fannie & Freddie Investments Decline by Half
- OTS Expresses Concerns about BankUnited Financial
- July Existing Home Sales: Record Inventory
- NYT: The GSEs Invent the Risk Premium
- LA Times: FBI Saw Mortgage Fraud Threat in 2004
- Hamilton on Recession Indicators
- "Loan Participation" Hitting Rural Banks
- Merced: Another Foreclosure, Right Here, Right Now
- "Boom Years Over" in UK and Decoupling
- Bank and Thrift Failures
- More Fannie and Freddie
- Fed: Delinquency Rates Increased Sharply in Q2
- FDIC Closes Columbian Bank and Trust Company, Topeka, KS
- Bank Failure Friday?
- Bernanke Urges Haircuts for Creditors When Investment Banks Fail
- MTI: WaPo Hears Mortgage Voices
- Mall News: Gap Cutting Square Footage
- Bernanke: "most challenging economic and policy environments in memory"
- Lehman Possible Target of S. Korean Bank
- CRE Loan Concerns Grow
- 2008 Jackson Hole Economic Symposium
- S&P: Home-Loan Delinquencies Keep Rising
- Borrowing Trouble: Merrill Lynch on Housing
- FDIC Mod Plan: Welcome to the Real World
- Philly Fed: "Manufacturing sector remains weak"
- More Fannie and Freddie
- Report: Toyota Cuts 2009 Sales Forecast
- FDIC: On Uninsured Deposts
- Cliff Diving: Fannie and Freddie
- Architectural Billing Index: "Business Levels Continue to Worsen"
- FDIC: Loan Modification Program for Distressed Indymac Mortgage Loans
- Moody's: CRE Prices Continue to Decline
- MBA: Purchase Index Moving Lower
- Zelman on Bank Write-Offs for Residential Construction and Land
- Downward Pressure on Rents
- DataQuick: California Bay Area Sales Increase, Prices Decline
- CMBX Cliff Diving
- Single Family Homes: Quarterly Data on Starts and Sales
- Mortgage Fraud News From Orange County, Nigeria
- Single Family Housing Starts: Lowest Since 1991
- Home Depot: Same Store Sales Off 7.9%
- Shanghai: Gold Medal in Cliff Diving
- Leamer: U.S. Far From Recession
- DataQuick: SoCal Home Sales Increase, Prices Decline
- NAHB: Builder Confidence at Record Low
- U.S. Banks: Higher Borrowing Costs
- Lowe's: Same Store Sales decline 5.3%
- Lehman: More Problems
- NY Times: Dr. Doom
- FDIC Recalls the Retired
- Wingin' It at the IRS
- Default Statistics, Or Mortgage Math Is Hard
- "Unusually Creative Giveaways" May Be Code-Speak for Fraud
- Death of Chocolate
- Trump to the Rescue
- A Salute to the Ownership Society
- Another Reporter Gets Pwn3d*
- WSJ Survey: GSE Backstop Will Be Used
- Industrial Output Up 0.2 Percent
- Downey Sees Deposits Shrink $507M in July
- WSJ: World Economy Shows New Strain
- On Greenspan, What Krugman Says
- Wachovia's BluePoint Insurance Files BK
- S&P: Junk Bond Default Rate Increases
- Altig: What the Fed did during macroblog's vacation
- S&P Downgrades Downey Financial
- Housing: Huge Shadow Inventory?
- Consumer Prices Increase Sharply
- RealtyTrac: Foreclosures Up 55% from July 2007
- Hummer Dealer Out, Smart Dealer In
- Homebuilder Cautions Buyers on Foreclosed Properties
- 1,300 Foreclosures Per Day in California
- U.S. Miles Driven Declines 4.7% from June 2007
- Countrywide Option ARMs Deteriorate
- Real Retail Sales
- My How Time Flies
- Reset Vs. Recast, Or Why Charts Don't Match
- FDIC: Fewer Uninsured Deposits at IndyMac
- Subprime and Alt-A: The End of One Crisis and the Beginning of Another
- A Few Housing Themes
- Analyst Bove: "Close to Perfect Storm" for JPM
- We're All Not Golfers Now
- WSJ: Freddie Mac to Stop Buying NY Subprime Mortgages
- Foreclosures: Movin' on Up
- Fed: Banks Tighten Consumer Lending
- June Trade Deficit: $56.8 billion
- JPMorgan: Mortgage Market "substantially deteriorated" in July
- Tanta on Alt-A
- Vineyard National: "Going Concern" Statement, Regulators Impose Limitations
- Downey Financial: Regulators Impose Limitations, Raise Insurance Premiums
- Silliness on Alt-A
- Reflections on Alt-A
- Fed: Lending Standards Tighten, Demand Weakens
- CRE: Deals for Office Buildings Decline
- Radian Projecting 23% Claim Rate for Alt-A and Subprime
- Another Modification Horror Story
- Trouble at Corporate Credit Unions
- Shanghai Cliff Diving
- WSJ: Euro Banks Tighten Lending Standards
- Off Topic: Hiking Trip
- Paulson Interview: No Plans to Insert Money in Fannie and Freddie
- UK: House Repossessions Hit 12-year-high
- ARS Mess: Banks Agree to Buyout Investors
- Lansner: Tax Twists in Housing Bill
- Bank United: Non-Performing Assets Increase Sharply
- ACA: Cram-Down
- Ford to Reduce Leasing
- Fannie Mae: 41% of HomeSaver Advance Loans Still Delinquent
- Oil and the Dollar
- Fannie Mae: Q2 Ended in June, but July was Worse
- Fannie Mae Push-Back
- Fannie Mae: Books $5.35 billion in credit-costs, to Halt Alt-A
- Why We Have a Foreclosure Crisis in the First Place
- 2007 Vintage Mortgages
- LA Times: Vineyard National Bank Ordered to Stop Accepting Brokered Deposits
- Deutsche Bank to Foreclose on Casino
- Cartoon: Housing and Gasoline
- Too Much Risk or Too Little?
- MIC: General Aviation Business Travel Down
- Do Existing Home Sales track Pending Home Sales?
- Pending Home Sales Rise in June
- Another Version of the Infamous Syron Memo Dust-Up
- 2007 Vintage: Nowhere to Go?
- New York Commercial Rental Rates Decline
- AIG:$5.36 Billion Loss
- AmeriCredit: Auto Loan Originations Down Sharply
- Fannie and Freddie: High LTV, Low FICO by Year
- Pimco's Gross: Treasury to Buy Fannie/Freddie Preferred by End of Quarter
- Restaurant Performance Index Shows Contraction
- Freddie: Alt-A and Default by Year
- Freddie Conference Call Notes
- Freddie Mac: $821 million in Losses, Cuts Dividend
- FirstFed and Option ARMs
- The Slowdown in China
- Morgan Stanley Freezes Some HELOCs
- Q2 Office, Hotel and Mall Investment
- Fed: No Change in Fed Funds Rate
- Freddie Fights Back
- WaMu Sued For Failing to Work Out Loan
- D.R. Horton: Cancellation Rate Increases
- Home Improvement Investment
- NYT Hit Job on Freddie Mac
- Credit Card Bond Market Struggles
- Moody's: Delinquencies Rise Slightly for CRE Loans
- Fortune on Analyst Meredith Whitney
- Oil Futures Fall to $120 per Barrel
- Boscov's Files for Bankruptcy
- WCI Communities Files for Bankruptcy
- MMI: Krugman Catches Tanta Asleep
- What Isn't Wrong With Hope for Homeowners
- Lenders Fear Second Wave of Defaults
- Chrysler Funding Comes up Short
- Stu's View Real Estate Cartoons
- Bloomberg Interview of FDIC's Bair
- Housing: Buy Now or Wait?
- Open Thread
- Freddie Mac Foreclosure Timelines
- Barrons: Roubini interview
- FHA Personal Accounts
- Goldman: "Second Half Slowdown Ahead"
- Your Friday Bank Failure
- Report: NY to Sue Citigroup regarding Auction Rate Securities
- Your Ownership Society In Action
- Lenders Change Tactics, Now Discounting at Foreclosure Sale
- Auto Sales Decline in July, 2nd Half Expected to be Worse
- Construction Spending in June
- Unemployment Rate Rises to 5.7%
- IndyMac Holding Company Files BK
- GM: $15.5 Billion Loss
- FT: Fears Growing Concerning CMBS Defaults
July 2008
- Freddie Mac Changes Servicer Guidelines
- CA Governor Orders Layoffs, Pay Cuts
- The Coming Hotel Bust
- GDP and Investment
- Recession May Have Started in Q4, 2007
- News of the Weird: Credit Union Failure
- Weekly Claims Hit 5 Year High
- Housing Bill: Change to Home Sale Tax Exclusion Rule
- Roubini: Global Recession Watch
- CRE Quote of the Day
- Foreclosures Spreading to the High End
- Ding-Dong! The DAP Is Dead
- Fraud in the 2008 Mortgage Vintage
- Fed Extends Discount Window Access
- Vista REO: Sold for $465K in 2005, Now $180K
- Mervyn's Files BK
- Centex: Losses Increase, CEO Sees No Improvement this Year
- Analyst Mayo: Citigroup Write-Downs May Increase $8 Billion
- Case-Shiller Tiered Price Indices
- Earthquake Hits SoCal
- Bennigan's Files Bankruptcy
- Case-Shiller Monthly Price Change
- FDIC Fridays
- Case-Shiller: House Prices Decline in May
- WSJ: Mervyn's "Close To Bankruptcy"
- On the Merrill Stock Dilution Plan
- Merrill Announces Sale of ABS CDOs, More Dilution, $5.7 Billion in Write-Downs
- Paulson on Covered Bonds
- Oil: Demand Destruction
- Record Federal Budget Deficit Expected in Fiscal 2009
- Miles Driven Off 3.7% in May
- Q2: Homeownership and Vacancy Rates
- For Mall Owners: "An ebbing tide"
- If This Is Victory
- Graphs: June New Home Sales
- Summary and Text: Foreclosure Prevention Act of 2008
- Senate Passes Housing Bill
- Graphs: Existing Home Sales
- Why the FDIC Fears Bloggers
- Foreclosure Suicide Update: The Vultures Circle
- Two FDIC Insured Banks Fail
- Weekend Posts on Housing
- One Fourth of Orange County Class A Office Space Available
- Appraisal Fraud at IndyMac
- Chrysler Lending Arm Stops Leases
- The "Foreclosure Crisis" and Exploitation of a Suicide
- Cost of WaMu Debt Protection Increases Sharply
- Report: Another Regional Retailer in Trouble
- June New Home Sales
- Realty Trac: Foreclosure Filings Double from Last Year
- 2.2 million vacant homes for sale
- Fitch Projects additional 25 percent House Price Declines (real terms)
- National City $1.8 Billion Loss
- Report: WaMu Unsecured Creditors "pulling funds"
- PIMCO's Gross: $5 Trillion Risky Mortgage Loans, Projects $1 Trillion in Mortgage Losses
- Atlanta CRE: "Screeching Halt"
- Freddie Mac: Mortgage Rates Rise Sharply
- Existing Home Sales Decline in June
- Downey's "Retention Mods" Performance
- Ford: $8.7 Billion Loss
- Inman: Housing Bulls vs. Bears
- House Approves Housing Bill
- San Diego Sues BofA over Foreclosures
- Fiscal Deficits Worsen for States
- On Construction Loan Delinquences
- WaPo: Housing Bill to Eliminate DAPs
- Fannie's REOs Piling Up
- MBA: Mortgage Rates Up Sharply
- Daily Show Video: Confessions of a Subprime Lender
- Report: Deal Reached on Housing Legislation
- WSJ: Mortgage Rates Increase Sharply
- Roubini on Housing Crisis
- Housing: More Cracks in the High End
- Regions Financial Comments
- WaMu: Loss of $3.3 Billion
- DataQuick: Record California Foreclosure Activity in Q2
- CBO: Fannie and Freddie Rescue to Cost $25 billion
- Wachovia's Contribution to the Credit Crunch
- Philly Fed State Coincident Indexes for June
- Fed's Plosser: Raise Rates "Sooner rather than later"
- Good For the Wall Street Journal!
- Wachovia: $8.66 Billion Loss
- Brooks on Morgenson on McLeod
- AmEx: "Super Prime" Problems
- Confessional: Quote of the Day
- Wachovia Halts Wholesale Lending
- American Express: "No Longer Tracking to Prior Forecast"
- Report: Wachovia Exiting Wholesale
- Office Investment
- San Diego Office Vacancy Rates Highest Since 1995
- BofA Conference Call: HELOCs and Countrywide
- Bloomberg: Freddie Mac May Slow Purchases
- BofA: Credit-Loss Provisions Increase Sharply
- Mervyn's Possible Bankruptcy: Another Blow for Mall Owners
- Duelling Discourses of Debt
- Housing: Cracks in the High End
- Setser: The Oil Shock of 2008
- The Accidental Landlord
- Daily Show: It's the Stupid Economy
- U.K. Economic "Horror Movie"
- Financial Times: US builders forced to sell off holdings
- "There is NO problem, and we are dealing with it"
- Update: The $10 Trillion Man?
- Fed's Stern: Fed Can't Wait for Crisis to End to Raise Rates
- Agency Mortgage-Bond Spreads Increase
- A Housing Cartoon from 1993
- Citigroup: $7.2 billion write-down
- WSJ Report: Freddie Considering Stock Sale
- O.C. Office Construction Almost Stops
- Stu's Views Real Estate Cartoons
- Capital One: Negative on Economic Outlook
- More Merrill: $9.75 Billion in Write-Downs, Moody's Downgrades Debt
- Merrill $4.65 Billion Loss, Capital One income falls 40%
- DataQuick on Calif Bay Area Housing: Prices "Dive", Sales Near Record Low
- Quote of the Day
- More on Housing Starts and Completions
- Philly Fed: Manufacturing Continues to Contract
- "It's FDIC, so who gives a damn?"
- JPM: Economy "Weak, likely to get weaker"
- Single Family Housing Starts: Lowest Since 1991
- China's Growth "Cools" to 10.1%
- Fed Funds Probabilities: No rate change through September
- DataQuick: SoCal Home Sales at Two Decade Low
- Marshall & Ilsley Conference Call
- NAHB: Builder Confidence Declines to Record Low
- Falling Oil Prices and CPI
- Moral Hazard Meets Hazardous Manners
- Financial Times: Martinsa asks for creditor protection
- Northern Trust U.S. Economic Outlook Link
- Roubini on Bloomberg TV
- U.S. Bancorp CEO: Credit Losses Spreading to Commercial Customers
- Kasriel: Base Case vs. Checkmate
- Paulson: Fannie, Freddie Not Planning to Use Rescue Now
- Open Thread
- Article Reads like "Infomercial" to Tanta
- Bernanke: Upside Risks to Inflation, Downside Risks to Economy
- GM Restructures
- U.S. Bancorp: $596 million credit-loss provision
- WSJ: Paulson Drove GSE Rescue Plan
- FDIC Halts IndyMac Foreclosures
- GM to Announce More Restructuring Tuesday Morning
- Moody's on Modification Re-Defaults
- WaMu Branch Report: No Line
- Video: IndyMac Bank Run
- Perfect Timing
- Analyst: WaMu Could see $26 Billion in Losses
- FDIC Freezes IndyMac HELOCs
- Regional Banks in the Spotlight
- National City Halted Pending News
- Krugman on the GSEs
- WSJ: More on Steve and Barry's Collapse Impacting Mall Owners
- The Coming Bank Failures
- Paulson Statement on Freddie and Fannie
- FDIC Chairman Issues Statement on IndyMac Federal
- WSJ: Treasury to Issue Statement on Freddie and Fannie Today
- On the REO Trail
- WaPo on Freddie Mac's Debt Sale on Monday
- The Times: Treasury rescue for Fannie and Freddie
- On Maes and Macs
- Freddie and the Fed Rumors
- Thoughts on Employment
- Where is CR?
- IndyMac Closed By FDIC
- Bank Failure Watch
- Prepayment Penalties
- Paulson Releases Statement
- Just a note ...
- Oil Up Sharply, Import Prices Up, Trade Deficit Down Slightly
- Pearlstein on Purists and Pragmatists
- Conservatorship for Fannie or Freddie?
- WaPo: "Hotel boom is kaput"
- ABX and CMBX Cliff Diving Again
- BofA CEO Lewis on Countrywide
- Another REO Slide Show
- Senate Housing Bill Getting Closer
- CNBC Anchor Stunned ...
- Lehman, Freddie and Fannie: Cliff Diving
- Paulson on Regulatory Restructuring
- RealtyTrac: Foreclosures up Sharply from Last Year
- Poole: Fannie, Freddie "Insolvent"
- JPMorgan CEO Jamie Dimon with Charlie Rose
- Hotel Vacancies Rising
- Fannie and Freddie: Thinking the Unthinkable
- Barbara Corcoran: The American Dream Ends
- Indymac CD Yields
- Roubini on Squawk Box
- MBA: Mortgage Rates Increase
- More Bad News for Malls: Steve & Barry's BK
- Déjà vu
- BBC: UK Recession Looming
- On SEC Probe of Rating Agencies
- Fed's Lacker: Inflation Hawk
- Lockhart on GSE Capitalization
- Quote of the Day: Railcar Market 'Stinks'
- Strip Mall Vacancy Rate Increases Sharply in Q2
- NAR: May pending home sales index down 4.7%
- Bernanke on Financial Regulation and Financial Stability
- Shoot Outs . . .
- Office Depot Warns
- Since it was Rumor Monday ...
- Lehman Brothers and McAllister Ranch
- HousingWire: Fannie, Freddie Socked by Investor Paranoia
- Indymac: Halt Retail and Wholesale Lending, Major Layoffs
- Indymac Rumors
- More on Freddie, Fannie
- Fannie and Freddie
- Fed's Yellen: Risks and Prospects for the U.S. Economy
- Late Payments on Credit Cards Increase Sharply for Small Businesses
- Bridgewater Study: Banking Losses to Hit $1.6 Trillion
- Swiss Regulators may require UBS, CS to raise $68 billion
- More on Banks Reducing HELOCs
- Schiff on CNBC Squawk Box
- U.S. Energy Consumption as Percent of GDP
- CNBC Promo March 29, 1999
- House Prices vs. Consumer Spending
- TPG walks away
- UBS Warns
- Milbank: Economic Anxiety Disorder
- Fed: Bear Stearns Assets Worth $28.9 Billion
- Regional Banks: Marshall & Ilsley Warns
- How is Tanta?
- Price-to-Rent Ratio Update
- ISM Services Falls to 48.2%
- Unemployment Claims Over 400K
- BLS: Employment Flat Year over Year
- Regulators to Schumer: Shut Up!
- Office Vacancy Rates Rising
- Fortune: How Lehman lost its way
- Ghost Towns in the Inland Empire
- Harrah's electing PIK on $1.4 Billion in Bonds
- Bear Market
- Haloscanned Again
- Fed's Mishkin "Substantial headwinds" for U.S. Economy for Some Time
- Report: HELOC Delinquencies Rising Rapidly
- Oppenheimer's Whitney: Merrill to Write Down $5.8 Billion
- UK's Largest Homebuilder Taylor Wimpey takes Land Write Downs
- FDIC to Lenders: Pay the Bills on REOs!
- Banks Expected to Report Sharply Higher Delinquency Rates on Construction Loans
- Indymac Responds to CRL
- Fed's Lockhart on Economic Slowdown
- Starbucks Closing 600 Stores
- Chrysler Sales Fall 36%
- Manhattan Office Vacancy Rates Hit 2 Year High
- GM June U.S. sales fall 18.2%
- Toyota Sales Off 21.4% in June
- Ford Sales Off 28% in June
- When In Doubt, Blame the Accountants
- Construction Spending in May
- Eli Broad: Economy "Worst Period" in his Life
- UK: Mortgage Approvals Collapse
- CRL Report on Indymac
June 2008
- Indymac: Schumer Caused Minor Bank Run
- Update on Oceanside REO
- Wachovia Waives Refi Fees for Pick-A-Pay, Discontinues NegAm Products
- Unemployment Benefits Extended
- Oceanside REO: Back to 2002 / 2003 Prices
- BIS: Economy Near "Tipping Point"
- Shanghai Cliff Diving
- Lawrence Summers "Most dangerous moment"
- Shiller: More Stimulus Needed
- You know Gas is Expensive when Teenagers Stop Cruising!
- Apartment Landlords Offering Significant Incentives in Manhattan
- UK: "House prices won't recover until 2015"
- J.D. Power: June Auto Sales at 12.5 million rate
- Bear Markets
- Professor Duy: "This Is Not Good"
- Consumer Sentiment: Lowest Since 1980
- CNBC: Merrill to Write Down $3 to $5 Billion
- Senator Schumer Concerned about IndyMac
- Credit Markets: "It's never been this bad."
- Oil hits $140, Dow Off 300
- Alt-A Defaults Rise Sharply
- Existing Home Sales: Not Seasonally Adjusted
- May Existing Home Sales Graphs
- May Existing Home Sales Increase Slightly
- Claims: The Impact of Unemployment Benefits Extension
- Credit Crisis: The 4th Wave?
- Economic Poll: 75% Blame Bush
- More on Inferior Goods
- Fed: No Rate Change
- Quote of the Day: CEO of Dow Chemical on Stagflation
- New Home Sales: Worst Selling Season Ever
- May New Home Sales: 512K Annual Rate
- Illinois Sues Countrywide
- More on the Decline of the Exurban Lifestyle
- How bad are things at Wachovia?
- WaMu Analyst Competition
- Case-Shiller: Tiered Home Price Indices
- Foreclosure Rage: Take Everything, including the Kitchen Sink
- Update: Ratio Median House Price to Median Income (2008 Report)
- GSEs Refuse To Save The Day
- Case-Shiller Home Prices: Selected Cities
- Case-Shiller Composite 20 Price Index Off 17.8% from Peak
- DAPs Will Not Die
- UPS Warns on "anemic" U.S. Economy
- Ratio: Median Home Price to Median Income
- Rosenberg on Banks
- When Bankers Decorate ...
- Harvard: Bleak Outlook for Housing
- Krugman: Home Not-So-Sweet Home
- Report: Citi to Cut 10% of Investment Banking Jobs
- Property Taxes Falling
- Saudi Arabia Plans to Increase Oil Production
- UK Housing: Starts Off 56%
- Foreclosure Rage
- BofA and the Dodd Bailout Bill
- Non-Residential Investment: Multimerchandise shopping
- Steve & Barry's: The Mall Vacancy Answer? Probably Not.
- MBIA: $2.9 Billion Required for Contract Terminations
- S&P Research Downgrades BofA
- More on Bear Stearns Indictment
- Ford Warns on Sales
- Chris Thornberg: Possible 50% House Price Declines in SoCal
- BofA and Countrywide: July 1st Target Date
- Night Music: Wall Street Meltdown
- Monthly GDP
- Moody's Downgrades MBIA and Ambac
- Recession: A "Wild Card" for Housing
- DOT: Americans Drove Fewer Highway Miles in April
- Bear Stearns Indictment
- Citigroup Expects Substantial Additional CDO Write Downs
- Philly Fed: Manufacturing "Continued weakening", "Cost pressures widespread"
- China to raise gasoline, diesel prices
- It's Not A Real RE Bust . . .
- Bear Stearns Managers Arrested
- Weekly Unemployment Claims
- The Real O.C. Foreclosure Auction Results
- Banks Moving the Goal Posts
- WaMu Halts all NegAm Loans
- Merrill's Rosenberg: Recession Confirmed
- Report: Bear Stearns Fund Managers Face Indictment
- DataQuick: BayArea, California Sales at Record Lows
- FedEx, Chrysler and More
- Architecture Billings Index "Dramatic Contraction"
- Option ARMs: Then What?
- Loews CEO Tisch: Buying Financials like "catching a falling knife"
- The Coming Slowdown in China?
- The AP and Bloggers
- Housing Completions and Residential Construction Employment
- Capacity Utilization and Industrial Production Decline
- Community Bank Troubles
- Housing Starts: Lowest Since 1991
- McGraw-Hill Construction Outlook
- The Real O.C.: Foreclosures Break 1000 per Month
- More on the Housing Bust and Labor Mobility
- The Real O.C. - Foreclosures
- DataQuick: SoCal Sales at Record Low for May
- NAHB Builder Confidence: Congress needs to act "Urgently"
- NAHB Conference Call for Housing Market Index
- Lehman: $2.8 Billion Loss
- WaPo: Part II of Three Part Series on Housing Boom and Bust
- Home Improvement Break Down
- Report: Barclays seeks Capital, More Write Downs Possible
- WSJ Report: Credit Crisis to Claim Another CEO
- WaPo: Three Part Series on the U.S. Housing Bust
- Will the Housing Bust Impact Geographical Mobility?
- ARMs: The Next Wave of Delinquencies
- NAR Corrected: NJ Q1 Home Sales down 30%
- Kasriel On MEW and the Fed
- Bank Failure Friday?
- Roubini on Retail Sales and Recession
- Existing Home Sales: Turnover Will Slow
- RealtyTrac: Foreclosures Continue to Rise
- OCC Report vs. Hope Now
- Boston Fed: Negative Equity and Foreclosure
- When Jumbos Freeze Over
- BMW hit by MEW
- Q1 2008 Mortgage Equity Withdrawal: $51.2 Billion
- Fed's Plosser Calls for "Preemptively" Rate Hikes
- 30 Year Mortgage Rates vs. Ten Year Treasury Yield
- OCC: Bank Underwriting Standards Tighten
- FBI Diverting Resources to Mortgage Fraud
- Real Retail Sales
- Lehman President and CFO Step Down
- Shanghai Composite Falls Below 3000
- MBIA Letter to Shareholders
- OCC Mortgage Metrics Report
- REOs make up almost 2/3 of Home Sales in Sacramento
- WaMu Denies Rumors of Regulatory Action
- Merrill CEO: Economic environment 'tougher than we thought'
- Record U.S. Government Budget Deficit in May
- Fed's Beige Book: Economic Activity Remains Generally Weak
- JPM Analyst: House Prices may fall 30%
- MBA Purchase Applications
- Tim Duy: Fed Between a Rock and ...
- Housing: Buy and Bail
- Will the Fed Raise Rates in August?
- Richardson Update: This Workout Smells
- FDIC on the Use of Interest Reserves
- FHA Going After DAP Again?
- From Flipping to Foreclosure
- Trade Deficit Increases
- Shanghai Market: Cliff Diving
- Lehman's Bad Real Estate Investments
- Bernanke: "Risk of Substantial Downturn Diminished"
- Why Pending Home Sales are Negative for the Housing Market
- LandSource BK
- Pending Home Sales Increase
- Whitney: More Write-Downs coming from Bond Insurer Downgrades
- Oil, House Prices and the Exurban Lifestyle
- Lehman: $2.8 Billion Loss
- Financial Times: HELOCs and Regional Lenders
- Option ARMs: Moving from NegAm to Fully Amortizing
- Asian Countries Reduce Fuel Subsidies
- Oil and unemployment
- Australia: House Prices Fall Most in Five Years
- Temecula: 15% of homes REO or in Foreclosure
- Dow off close to 400, Oil hits $139
- Wal-Mart: Capital Spending Will be at Low End
- Hamilton: The Oil Shock of 2008
- Jobs: Unemployment Rate Jumps to 5.5%
- Mortgage Defaults Highest Since 1979
- Bad Press Didn't Stop Lenders
- WSJ: National City "On Probation"
- Fitch: "Much more pessimistic on mortgage insurance sector"
- Housing Wire: Primed for Trouble
- Housekeeping: To RSS Readers
- S&P Cuts AMBAC, MBIA Ratings
- Wachovia: CRE Slump is Here
- FDIC's Bair: "Institutions of greater size" May Fail
- Fed: Household Real Estate Assets Declined $431 Billion in Q1
- MBA: Record Foreclosures in Q1
- Fed's Kohn: Expect more Bank Loan Losses
- WSJ: Backstage at a Bank Funeral
- Stimulus Checks Boost Retailers?
- Santa Maria Facing 5 Years of Negative Absorption for Housing
- Video of "Buy One, Get One Free" Real Estate Offer
- The Residential Construction Employment Puzzle
- Merced Foreclosure Video
- Accredited Home Lenders Closes Offices
- Bernanke on Energy and Inflation: 1970s vs. Today
- Moody's may Downgrade Ambac, MBIA
- Cancellations, Yet Again
- Possible Casual Dining Bankruptcy
- MBA: Purchase Applications Decline
- Ed McMahon Receives Notice of Default
- Hovnanian Reports Huge Loss
- Northern Ireland: Bursting the Bubble
- A "Tsunami of REOs"
- Ford, Toyota Report Lower Sales
- Soros Warns on "commodity bubble"
- Bernanke Concerned about Weak Dollar, Inflation
- GM Reduces Production
- "House of Pain"
- Home Builder Quote of the Day
- Minneapolis: Price Distribution of Distressed Homes
- BofA CEO: Countrywide Deal Remains "Compelling"
- S&P: More Write Downs Coming for Morgan Stanley, Merrill and Lehman
- Lawrence Lindsey on Housing: It's Only Going to Get Worse
- Price Distribution of Distressed Homes
- Construction Spending Declines in April
- Wachovia Ousts CEO
- HSBC On Mortgage Workouts
- WSJ: Number of Foreclosed Homes Keeps Rising
- Comment Sytems
- REO Market Picking Up
- UK Report: Bradford & Bingley to Warn
May 2008
- Bank Failure Update
- Another Nefarious Countrywide Plot
- Housing Bubble and Bust: A Tale of Three Cities
- Your Friday Bank Failure
- More Weird Numbers
- Fitch Modifies Alt-A Rating Method, "large number" Senior Classes Face Downgrades
- Fed's Rosengren on Housing
- New Home Sales and Cancellations
- Real Income, Spending Flat in April
- Bloomberg's Weird Numbers
- Reader Survey
- Fed Letter: Crude Awakening: Behind the Surge in Oil Prices
- The Economist: Chart on Historical Changes in House Prices
- CIBC: $2.48 Billion in Write Downs
- FDIC: Banks hit by Troubled Real Estate Loans
- Continued Unemployment Claims Continue to Rise
- BK Judge Rules Stated Income HELOC Debt Dischargeable
- Housing Wire: S&P Confidence in Alt-A overcollateralization waning
- Spam: The Ultimate Inferior Good?
- S&P Downgrades $34 Billion Alt-A Bonds
- CRE: Orange County Non-Residential Permits Value off 40%
- Regional Bank Problems: KeyCorp
- More banks freeze home equity lines
- Broker's Commissions: Riding the Double Bubble
- Appraisal Tightening: No More Mailbox Money For You!
- Rent vs. Buy: NY Times Leonhardt Buys
- The Bagholder Battles: Investors vs. Banks
- NPR on Mortgage Quality Control
- New Home Sales: No Spring in 2008
- Case-Shiller: Real Prices off 21% from Peak
- Military Foreclosures
- April New Home Sales
- S&P Case-Shiller National Index off 6.7% in Q1
- HELOCs and Auto Sales
- Scatter Graphs: Months of Supply vs. House Prices
- UBS: More Mortgage Losses Possible
- The Oil Speculation Debate
- Financial Times Interview With Professor Roubini
- Housing: Why was Kudlow so wrong?
- Existing Homes: Months of Supply vs. Real Prices
- U.S. Vehicle Miles vs. Real Gasoline Price
- Buffett: "longer, deeper" U.S. recession than most expect
- UPDATED: A Congressional Speculator?
- MarketWatch: Bank failures to surge in coming years
- DOT: Vehicle Miles Fell 4.3% in March
- Vallejo files for bankruptcy
- Historical Housing Graphs: Months of Supply, Sales and Inventory
- More on April Existing Home Sales and Inventory
- April Existing Home Sales
- Comptroller Dugan on "Unprecedented Home Equity Loan Losses"
- S&P Cuts Ratings of Prime-Jumbo Mortgage Bonds
- National House Price Indices: OFHEO vs. Case-Shiller Graphs
- S&P: Subprime and Alt-A Delinquencies Rising
- OFHEO: Decline in House Prices Accelerates
- Ford Warns, Cuts Production
- How Not to Write a Hardship Letter
- Fed: Delinquency Rates Rose Sharply in Q1
- Congresswoman "Walks Away"
- Is the MBA Purchase Index Useful Again?
- Fed Minutes Suggest Rate Cuts Are Done
- Architecture Billings Index Remains Weak
- House Price Mosaic
- World Savings Option ARM Training Video
- Crackdown on Foreclosed Kids?
- Which Ratings Model is Broken?
- Investors in Discussions to Buy GM Building
- On the REO Trail
- MMI: Fractured Fairy Tales
- Cliff Diving: CIFG Guaranty's Bond Insurer Ratings
- DataQuick: California Bay Area Home Sales Up from March
- Philly Fed State Coincident Indicators for April
- Oppenheimer: Credit Crisis Will Extend Into 2009
- Home Depot: "Home-improvement conditions worsened"
- Freddie Mac's Balance Sheet
- Trash Outs and Cash For Keys
- The Boat Repo Man
- Class Action Salad
- Senate Reaches Deal on Housing Bill
- DataQuick on SoCal: Sales "Surge" in March, Off 19% from last year
- Moody's: CRE Prices Fall 2.3% in March
- FHA Rolls Out Risk-Based Premiums
- Lowe's same-store sales expected to fall 6% to 7%
- Commercial Real Estate: "The problems are in all of it"
- WSJ: PIK and Roll
- The Mortgage Fraud Employee Benefit Program
- Single Family Homes: Comparing Starts and Sales
- Shiller on the Psychology of Foreclosure
- HELOCs: There's Something Happening Here
- Fed's Lockhart on "Decoupling"
- Taxes in Process of Grieving!!!!!
- A Sorry Tale of A Second Lien Security
- Volcker: No Reason for Complacency
- Home Builders Pessimistic: "Pricing pressure for the foreseeable future"
- US to Halt Strategic Petroleum Reserve Purchases
- FDIC's Bair: Housing crisis is a national problem
- Consumer Confidence Falls to 28 Year Low
- Housing Starts Rebound, Single Family Starts Lowest Since 1991
- Fleck: HELOCs: The New Subprime
- WSJ Report: Fannie Mae to Eliminate "declining market" Rules
- Fed's Mishkin: How Should We Respond to Asset Price Bubbles?
- Fed Loans to Banks Still Increasing
- Kasriel: In the Eye of the Hurricane
- USAToday: 'Foreclosures take an emotional toll'
- NAHB: Home Builder Confidence Slides
- Recessions and Industrial Production
- Foreclosures moving up the Housing Chain
- Downtown Chicago Condo Numbers
- Condo Stats and Negative Externalities
- On Freddie Mac Accounting Change
- Freddie Mac on Walking Away
- Freddie Mac Conference Call
- Foreclosures Filings Rise 65%
- FBI 2007 Mortgage Fraud Report
- Oil Refiners and Oil Prices
- 1000 Foreclosures per Day in California
- Moody's: Concerned about MBIA and Ambac
- Non-Borrowed Reserves and the Fed's Balance Sheet
- Home Builder Toll CEO on Traffic: "Worst we've ever seen"
- Fed's Yellen: Credit, Housing, Commodities, and the Economy
- Non-Residential Investment Overview
- Real Retail Sales
- BofA Expects Larger Home Equity Losses
- LIBOR Correction Coming
- JPMorgan: 1 Million Sq Ft of Office Space 'will be eliminated'
- Chicago Public Radio: The Giant Pool of Money
- MBIA: "Forensic experts reviewing loans"
- JPM CEO Dimon: U.S. Recession 'Just Starting'
- Radian on House Prices
- Housing Bust: The Hamptons to Atlanta
- MBIA Posts $2.4 Billion Loss
- Housing: Signs of life?
- CNN: Gated community ghost town
- Riding the Foreclosure Bus
- Housing Bust and Self Storage Units
- Report: HSBC to report $4.6 Billion in Write-Downs
- New Look, Same Content
- The "poster child" for the housing bust
- UK: Home repossessions to double
- LA Times: ‘walkaway’ may be suburban myth
- A Skeptical Look At Walk Aways
- Bank Failure: Some details on ANB Financial
- Bank Failure: ANB Financial Costs FDIC $214 million
- FedEx Lowers Earnings Guidance
- Economist.com on Rents and House Prices
- March Trade Deficit
- Fremont General may file BK
- Sauce For The Goose
- Severely Underwater Vehicles
- Another REO Slide Show
- Northern Trust on Continuing Claims
- House Passes Housing "Rescue" Bill
- AIG: Q1 loss of $7.8 billion
- Tennessee Governor: Tax collections "deteriorating dramatically"
- Tim Duy: Misunderstanding the CPI
- Weekly Unemployment Claims: Continuing Claims at 3 Million
- Feldstein: Misleading Statistics
- The Impact of Tighter Credit Standards on Lending and Output
- More on Home Improvement Investment
- Fannie Mae's 120% Refinances
- U.S. Consumer Debt Surges in March
- Housing: Another Day, Another WSJ Bottom Call
- Pending Home Sales Index Declines
- Vallejo Officials Vote to File BK
- Fed's Hoenig: Serious Inflation Risks
- Building Castles to the Sky
- New Home Inventory and Cancellations
- Is the Housing Crisis Over?
- Home Builder D.R. Horton: $1.3 Billion Loss
- Fannie Visits the Confessional
- Treasury Meets With Servicers
- Bernanke on Mortgage Delinquencies and Foreclosures
- Key Components of Non-Residential Investment, Nominal Dollars
- Casino Operator Tropicana to file BK
- TED Spread Improves
- Fed: Lending Standards Tighten, Loan Demand Declines
- Non-Residential Investment: Key Components
- ResCap: May not Meet Debt Obligations
- BofA to Walk Away from Countrywide?
- The Psychology of "Walking Away"
- Repeat: From Front Page to Short Sale
- Housing Bust Duration: Update
- Condo Flipper Rental Woes
- Microsoft Walks Away
- Orange County, CA Prices: From Front Page to Short Sale
- Credit Crisis: In the Eye of the Hurricane
- Treasury Committee: Record Deficit Forecast
- Hotel Financing: 55% LTV
- Stuff of Memories: From Front Page (in 2005) to Short Sale
- Quote of the Day: "Mortgages + Insurance Policies = Flames"
- REO / Short Sale Prevalence Reaches 63% in San Diego
- Flawed House Price Indices, Flawed Reporting
- Fed Increases TAF, expands collateral for TSLF
- Jobs: Nonfarm Payrolls Decline 20,000
- A Real Live Walkaway
- Jose Canseco Walks Away
- Sales Tax Collections Decline in Most States
- Auto Sales Sharply Lower in April
- Centex: Cancellation Rate Falls
- Home Improvement Investment
- HOP Is Not A Plan
- Construction Spending Declines in March
- Home Depot Reduces Capital Spending Plans
April 2008
- Video of Vandalized Foreclosed Homes in Las Vegas
- Starbucks Cuts U.S. Growth Plans
- Fed Cuts Rate to 2%, Signals Pause
- Non-Residential Investment: Still the Key
- Q1 GDP Increases 0.6%
- More Dilution for Citi and HBOS Shareholders
- S&P Downgrades $41 Billion mostly Alt-A Deals
- Homeownership and Vacancy Rates
- S&P: LandSource Bankruptcy Expected in May
- Don't Get Lost . . .
- Another "Unnecessary" Foreclosure? No.
- Case-Shiller: Year-over-year Price Changes
- Conference Comment
- Deutsche Bank: €2.7 billion in Write-Downs
- Case-Shiller: Home Prices Falling Sharply
- KB Home's Broad: Nowhere Near Bottom in Housing
- Morgan Stanley: just "Third Inning of Credit Cycle"
- Where is the RE Bottom: Zell says Commercial WIll be Fine
- Census Bureau: Homeowner Vacancy Rate sets Record
- Walkaways Are Over Already?
- Milken Conference Blogging
- Consumers Shifting to Inferior Goods
- CRE Bust: How Deep, How Fast?
- Vandos and Bandos
- Layout Changes
- Roubini on CNBC
- Milken Conference: Where is the Real Estate Bottom?
- Miss Busta and the Death of Satire
- Major Land Partnership in Default
- Why Haven't Existing Home Sales Fallen Further?
- Stiglitz: "One of the worst economic downturns since the Great Depression"
- Genworth: Hoocoodanode?
- Genworth Financial Conference Call Comments
- Consumer Sentiment Falls to 26 Year Low
- FirstFed Reports
- Subprime in Greenwich
- Report: Office construction Declined 28% in March
- Early Nominees for Word(s) of the Year
- S&P: Oil at $91 Year End, +/- $50
- Architecture Billings Index Falls to Record Low Level
- More on March New Home Sales
- March New Home Sales, Lowest since 1991
- Credit Suisse: $5.2 Billion in Write-Downs
- Brokers Complain About Their Own Opinions
- Ambac on "Suspicious" Transactions
- Credit Suisse Forecast: 6.5 million Foreclosures by 2012
- Starbucks: "sharp weakness in the U.S. consumer environment"
- Bloomberg: Mason Says `Way Past Time' for Ambac Rating Cuts
- AMBAC: Lawyers Scrutinizing Certain Transactions
- State FC Prevention Working Group Report
- UPS: "Dramatic slowing in the U.S. economy"
- Ambac: More Losses
- Target Credit Card Net Charge-Offs Rise to 8.1% Annual Rate
- Lowenstein: Triple-A Failure
- Housing Wire: Moody’s Downgrades 1,923 Subprime RMBS Classes
- Shiller: House Prices may fall more than 30%
- DataQuick: California Foreclosure Activity Up Sharply in Q1
- More on March Existing Home Inventory
- BofA, Countrywide to Curtail Risky Mortgage Lending
- March Existing Home Sales
- RBS: £5.9 billion in Write Downs, to Raise Capital
- Fortune: What Warren thinks...
- Burning Away Joins Walking Away
- Downey Financial Reports Loss, Suspends Future Dividends
- More Dilution for Financial Shareholders
- More Jingle Mail Stories
- S&P: Home Equity Delinquencies Rise Rapidly
- BofA Conference Call Excerpts
- National City: $1.4 billion in loan-loss provisions
- BofA: $7.9 Billion in Credit Losses and Banking Write Downs
- Roubini: "The worst is ahead of us"
- Report: National City Close to $6 Billion Cash Infusion
- Grubb & Ellis expects large increase in Office Vacancy Rate
- Minnesota's new ghost towns
- WSJ: BofE to Announce Bank Bailout Plan on Monday
- Women as Regulators
- Comments on Roubini Interview
- International City?
- We're All Busta Now
- Roubini Interview on Canadian TV
- OFHEO Settles with former Fannie Mae CEO Raines for $24.7 million
- California Unemployment Increases Sharply
- PIMCO's McCulley: Fed Should Regulate Investment Banks
- Home Builder NVR: Cancellation Rate Declines in Q1
- The foreclosure 'discount'
- WSJ on Citi Conference Call
- Citi: $13 billion in write-downs
- Study: Home-Remodeling Spending To Fall 4.8% through 2008
- DataQuick on Bay Area: Very Low Sales
- Investment Matters
- Credit Crisis: Third Wave
- Philly Fed Indexes Reflect Weaker Activity
- Fed Vice Chairman Kohn Warns on CRE Concentrations at Small banks
- Merrill: $9.7 Billion in Write-Downs (including U.S. banks)
- J.C. Penney: "Business Soft", Cuts Capital Spending Plans
- Report: Bank of England to accept MBS for Government Bonds
- Fed's Beige book: "Noted slowing of economic activity"
- JPMorgan: Conference Call Comments
- Fed's Yellen: House Price Declines are Best Predictor of Delinquency Rates
- LIBOR Unreliable?
- Single Family Housing Starts Lowest Since Jan '91
- We Are NOT All Subprime Now, Thank You
- WSJ: Merrill to Report up to $8 Billion in new Write Downs
- Housing: March was a Bust
- WaMu: $3.5 billion Provision for Credit Losses
- Quote of the Day: Regions Financial on Walking Away
- DataQuick on SoCal: Record House Price Decline, Record Low Sales for March
- Orange County House Prices Off 20% YoY, Back to March 2004 Levels
- NAHB: Builder Confidence Unchanged at Near Record Lows
- Regional Bank Write Downs
- U.S. Foreclosures Jump 57%
- Food Riots and Falling Russian Oil Production
- Wachovia on Walking Away
- Moody's: Credit Card Charge-Offs, Delinquency Rates Rise
- Retail Sales
- Fremont to Sell Investment and Loan Bank
- Wachovia: $2.83 Billion in Credit-loss provisions
- Housing Bust Goes Global
- Wachovia to Receive $6 to $7 Billion Infusion
- HELOC Nonsense
- The Sorry Mess That Is Alphonso Jackson's HUD
- Stiglitz: Worst Recession Since the Great Depression
- Off Topic
- Maryland Foreclosure Law Changes
- G7 to Defend Dollar?
- Volcker's Speech
- Fitch Warns on Home Builders
- Japan's Mizuho: $5.5 Billion in Losses
- Goldman Estimates WaMu Losses at up to $23 Billion
- Import Prices Jump
- The State of the No Down Market
- Krugman: Crisis "Not Over Yet"
- Treasury: On Pace for Record Budget Deficit
- Senate Passes Bill with Builder Tax Breaks
- February Trade Deficit
- More Picking On Mortgage Brokers
- Imaginary Gardens With Real Toads
- Changes to Blog Layout
- Report: Goldman Sells Chrysler Debt at 63 cents on the dollar
- Interview with FDIC Chairwoman Sheila Bair
- Builder Tax Break in Jeopardy
- CNBC: Merrill Expected to Write Down Up to $6.5 Billion
- The Economist: The UK Housing Bust Begins
- CRL: Brokered Loans Cost (Some People) More
- NY Times: The Boom That Wasn’t
- Retail Quote of the Day
- Citi Faces Huge Write-Downs, Nears Sale of Leveraged Loans
- S&P: House Prices to Fall 20%, Downgrades Four Insurers
- UPS Warns
- Volcker Video
- Volcker on Bear Stearns and more
- Fed Minutes: Some Concerned about Risks of "Severe and Prolonged" Downturn
- The Import Slowdown: Los Angeles Area Ports
- IMF: Financial Losses May Approach $1 Trillion
- NAR: Pending Home Sales Index Declines
- WaMu: $7 Billion Infusion
- FDIC Chairwoman Urges Activism, Expresses Concern
- WaMu Closing Wholesale Mortgage Lending, Scaling Back Retail
- Roubini on Shape of Recession
- Strip-Mall Vacancies Hit 7.7%
- NBER's Feldstein: U.S in Recession, Will Probably Linger
- Has Home Sales Activity Bottomed in Orange County?
- Credit Crunch Hitting Higher Income Homeowners
- Maricopa: Do It For the Children
- Mortgage Woes for the Mortgage Bankers Association
- Non-Residential Structure Investment in Q1
- Foreclosures in Denver
- Some Prescient Testimony from the S&L Crisis
- Fitch Downgrades MBIA
- Denver House Prices
- San Diego Office vacancy rate 'skyrockets'
- Housing Bust Duration
- Jobs: Nonfarm Payrolls Decline 80,000 in March
- Fed's Yellen: House Prices "still too high"
- IMF: Central Banks Should "Lean against the Wind" of Asset Prices
- Wharton on the Future of Securitization
- Testimony on Bear Stearns
- Overdue Consumer Debts Highest Since 1992
- Fed Provides More Details on Bear Stearns Portfolio
- Weekly Unemployment Claims Indicate Probable Recession
- EMI: Wachovia Kinda Retreats on Option ARMs
- Housing Bust Impacts Worker Mobility
- The "R" Word
- Triad Troubles
- The Day The Subprime Died
- S&P: Spain, U.K. Housing Corrections Could be "Severe and painful"
- Table: Banks Raise $136 Billion of Capital
- Bernanke: Recession Possible
- Fannie Mae Tightens Guidelines Again
- Treasury: Bear Stearns Collateral is mostly MBS
- Table: Credit Losses and Write-Downs Reach $232 Billion
- More Auto Sales
- Fed Releases New Mapping Tool for Alt-A and Subprime Loans
- Normalized Construction Spending
- New UBS Logo
- Treasury Agrees to Absorb any Losses to the Fed from Bear Stearns
- Ford March U.S. sales off 14%
- Construction Spending Declines in February
- Vintages, Revintages, and Defaults
- Deutsche Bank: $3.95 Billion in Write-Downs
- UBS: $19 Billion In Write-Downs, Chairman Resigns
- Centex sells Lots for a loss
March 2008
- Financial Times: UBS to reveal further writedowns of up to $18bn
- Lehman to Offer $3 Billion in Convertible Preferreds
- Shanghai Market: Cliff Diving
- Good Riddance
- Thornburg Puts it on the Visa
- Krugman: The Dilbert Strategy
- NYC Real Estate Market Slows
- Mauldin: Where is the Bottom in Housing?
- If You Don't Get It, It Might Be A Joke
- NY Times Analysis of Treasury Regulatory Plan
- Land at 15 cents on the Dollar
- Treasury to Propose Changes to U.S. Regulatory Structure
- S&P cuts FGIC to Junk
- UBS Reducing Value of Auction Rate Securities in Individual Accounts
- Estimating PCE Growth for Q1 2008
- KB Home on Housing: "No meaningful improvement in near term"
- Fremont Ordered by FDIC to Find Buyer
- More On Chase and the Zippy Tricks
- OFHEO: Fannie, Freddie May Raise $20 Billion
- Mishkin: Can Inflation Be Too Low?
- Freddie Mac Economist: No Housing Price Rebound Until 2010
- New Home Sales Revisions
- Fed's Lockhart: "Recovery may be delayed"
- Zippy Cheats & Tricks
- Lennar: Housing Market Conditions "continued to deteriorate" in Q1
- The HELOC As Disability Insurance
- Clear Channel and Private equity firms sue Banks
- New Century's Improper Accounting
- There's Always Sick People
- OFHEO Releases Final Guidance on Conforming Loan Limits
- More on New Home Sales
- Analyst Meredith Whitney Projects $13.1 billion in Write-Downs for Citi
- February New Home Sales
- Durable Goods Orders Decline
- FDIC to Hire More Workers, Braces for Bank Failures
- WSJ: Clear Channel Deal Near Collapse
- Goldman Predicts $460 billion in leveraged credit losses
- Real Case-Shiller House Price Index
- OFHEO: House Prices Decline 1.1% Nationwide in January
- House Prices Plunge, "No Market Immune"
- Entitlement
- The Pig at the Trough Fed
- REOs Still Increasing
- Wells Fargo CEO Open to Fed Assisted Acquisition
- Chicago Fed: "Increasing Likelihood Recession has Begun"
- TED Spread Improves
- More on February Existing Home Sales and Inventory
- JPMorgan Offers $10 Per Share for Bear
- February Existing Home Sales
- JPM in Talks to Increase Bear Purchase Price
- Japan's Financial Services Minister Offers Advice for U.S.
- Renters Beware
- DeLong Sounds the Alarm
- A Tale of Real Estate Predation
- Fed Denies Discussions to Buy MBS
- Condo Woes
- Central Banks Discuss Buying MBS
- Petroleum Prices and GCC Spending
- The Cayne Mutiny and the Thornburg Carry
- Delinquencies Rise for Small Home Builders
- Mortgage Rates and the Ten Year Treasury
- Dow Jones Reports Home Builder Cancellation Rate Now 43%
- ECRI: U.S. "unambiguously" in a recession
- Philly Fed Index
- NYT: Journalistic Malpractice, Again
- Weekly Unemployment Claims
- FedEX Warns
- Credit Suisse Warns
- USA Today's Top Forecaster
- We're all subprime now!
- Quote of the Day: "Economy in a tailspin"
- Commentary
- HUD Proposal on Good Faith Estimate I: The Context
- Goldman Selling Chrysler Debt for less than 80 cents on the Dollar
- Video of Volcker with Charlie Rose
- Financial Crisis: Third Wave Still Growing
- Architecture Index Points to Downturn in Commercial Construction
- OFHEO on Fannie, Freddie
- Volcker on Fed Intervention
- OFHEO to Announce Change in Fannie, Freddie Capital Requirements
- Housing Starts, New Home Sales and Cancellations
- Fed cuts rate 75 bps to 2.25%
- More on Housing Starts
- Goldman, Lehman Report Net Income Declines
- Single Family Housing Starts Lowest Since Jan 1991
- Is Bernanke Running out of Ammunition?
- FDIC Stresses Importance of CRE Concentrations
- Mayo: Lehman is not Bear
- Bear Stearns Building Today
- Krugman Q&A on Housing and the Economy
- NAHB: Builder Confidence Unchanged
- Stop Me If You've Heard This Story Before
- JPMorgan Conference Call Transcript
- PMI: $1.01 Billion Loss
- Is Lehman Next?
- JPMorgan Conference Call 8PM ET
- Fed Announces New Initiatives
- J.P. Morgan to buy Bear Stearns for $2 a share in stock.
- Bear Stearns Racing Against the Clock to Complete Deal with JPMorgan
- WaPo Cartoon on Leverage
- MMI: We're All Icebergs Now
- Bear Stearns Saturday Update
- Trade Deficit and Mortgage Equity Withdrawal
- The Economics of Trust
- WSJ on Bear Stearns
- Joint Venture Involving Major Homebuilders in Default
- A Bear Market?
- Bernanke on Fostering Sustainable Home Ownership
- Fed: "Will continue to provide liquidity as necessary"
- The Frank FHA Refinance Plan
- California Bay Area Homes: "Spectacularly low sales counts"
- JPMorgan, NY Fed to Help Bear Stearns
- Kasriel on the Possible Demise of "Bretton Woods II"
- States Feeling the Recession
- Economist Survey: House Prices to Fall in 2008 and 2009
- Wells Fargo: U.S. Now in Recession "beyond a reasonable doubt"
- DataQuick: SoCal Home Sales "UItra-Low"
- SoCal House Prices off 19%, Sales Decline
- Real Retail Sales
- CFO Survey: No Economic Recovery Until Late 2009
- Another Brilliant Idea From Congress
- Carlyle Capital Nears Collapse
- Weak Retail Sales
- S&P Cuts CIFG, Moody's, S&P confirm Ambac's AAA
- Wachovia: "Early innings of the credit cycle"
- JPMorgan Chase: Max 65% CLTV in Nevada
- The $10 Trillion Man?
- The impact of Declining House Prices on Consumption
- UPS Cautions on Negative Trends
- Freddie Mac Jumbo-Conforming Guidelines
- Freddie CEO: House Prices have Fallen One Third of the Way
- WSJ on Souring Home-Equity Loans
- Calling All Forensic Nerdologists
- Comments on the TSLF
- Existing Home Inventory
- Foreclosure-related 401(k) Withdrawals Up
- Fed's Kroszner on Risk Management
- UCLA Forecasters: "No Recession"
- January Trade Deficit
- Federal Reserve Announces Expansion of Securities Lending Program
- Toll Warns of Potential "Significant Losses" from Joint Ventures
- Q4 Mortgage Equity Withdrawal: $76 Billion
- Video of Larry Summers at Stanford
- Fitch Downgrades Banks on HELOC Concerns
- Fitch Responds to MBIA
- Moody's Downgrades Bear Alt-A Deals
- Quote of the Day
- Inside the Fed Meeting
- Goldman Sachs: Fed May Cut Today
- Krugman: The Face Slap Theory
- CDX Cliff Diving
- Is the U.S. in Recession?
- Financial Crisis: The Third Wave
- JPMorgan Sees 30% House Price Declines
- The Feldman Plan: Just Get Yourself a Latte
- End to the Mediocre Times
- FDIC: Hume Bank Fails
- Construction Employment
- Larry Summers: $400 Billion in Losses is "Substantially Optimistic"
- Judge Bohm and the Culture of Incompetence
- Hedge Fund Humor
- More Default Notices for Carlyle
- Fed Acts to Boost Liquidity
- Jobs: Nonfarm Payrolls Decline 63,000 in February
- Jumbo Conforming Loan Guidelines
- We Are ALL Subprime Now
- Temporary Jumbo Conforming Loan Limits
- WAMU and the Art of Moral Hazard
- Housing Crumbles, Aversion to Risk Deepens
- Agency Mortgage Bond Market "Utterly unhinged"
- Citi to Reduce Residential Mortgage Assets by $45 Billion in
- Bond insurer CIFG loses top rating
- Countrywide: Incompetent, Not Malicious
- Households with Mortgages: Percent Equity Close to 30%
- Fed: Household Percent Equity Plummets in Q4
- S&P: "Recessionary pressures" to Impact Housing
- More on Record Foreclosures
- Fire Sales and Margin Calls
- MBA: Foreclosures Hit Another Record
- Thornburg Mortgage: "Material" Default
- Merrill Lynch Discontinues First Franklin Mortgage Origination
- Fed's Beige Book: "Generally downbeat"
- Ambac to Sell Common Stock and Equity Units
- Ambac Deal May Be Imminent, Stock Halted Ahead of News
- Agency Mortgage-Backed Bond Spreads Increase
- More Auction Bond Failures
- NAHB on Housing: "Deepest, most rapid downswing since the Great Depression"
- TIPS: Inflation Expectations Increasing
- Fed's Kohn on CRE
- Bernanke to Lenders: Reduce Principal
- GM Watch: How Not To Tell A Story
- WSJ on CRE Slowdown
- Buffett Interview on CNBC
- Auto Sales: Cliff Diving
- Paulson: Don't Walk Away
- OFHEO, NY AG, Fannie, Freddie Agree to Combat Appraisal Fraud
- Construction Spending Declines in January
- NCC Refuses to Subordinate
- Countrywide Mortgage Portfolio Deteriorates Rapidly
- Goldman on CRE: Price Decline of 21% to 26%
- TrimTabs: Job Losses in February
- Shiller: How a Bubble Stayed Under the Radar
- Walking Away and Reading Delinquency Reports
- Muni Bond Yields Rise Sharply
- Leveraged Losses Lessons from the Mortgage Market Meltdown
February 2008
- Buffett's Letter
- Economy.com's Zandi on Homeowners with Negative Equity
- S&P: 1,887 Classes of Alt-A MBS may be Downgraded
- Fed's Poole: GSEs Too Big to Fail?
- MBIA Writing `Very Little' New Business
- Bernanke's tightrope act?
- Fannie Mae HomeSaver Advance
- Ruthless Defaults in the MSM
- AIG: $11.1 Billion Write-down
- Wells Fargo: New Tighter Mortgage Guidelines
- Tim Duy's Fed Watch
- Bankrate: Fixed Mortgage Rates at Highest Since October
- Freddie Mac: $2.5 billion Loss, CEO "Extremely Cautious"
- Fannie Mae New Rules for Appraisals
- Inflation is Your (Ben's) Friend
- Another Debt Markets Freezes
- Vallejo Close to Bankruptcy Filing
- New Home Months of Supply
- S&P: Mortgage Delinquency Rates Climb
- Roubini Testifies to Congress
- New Home Sales: Cliff Diving
- Fannie Mae 10-K
- OFHEO Lifts GSE Portfolio Caps
- January New Home Sales Fall Below 600K (SAAR)
- Bernanke: Economic Situation Distinctly Less Favorable
- Frank: Bailout-As-You-Go
- FDIC Releases Quarterly Report
- Lost Note Affidavits & Skeletons in the Closet
- OFHEO: Widspread House Price Declines in Q4
- S&P Case-Shiller: Prices Fall Sharply in Q4 2007
- Existing Home Inventory: Seasonal Pattern
- FDIC Bracing for Bank Failures
- MBIA Plans to Split, Cuts Dividend, Questions 2007 Results
- "Here Comes Another Bubble"
- Morgan Stanley on CRE
- S&P: MBIA Removed from CreditWatch Negative
- More on Existing Home Sales
- The Coming Leveraged Debt Write-Downs
- Lowe's Same Store Sales Sequentially Worse
- January Existing Home Sales
- Lowe's Warns: "next several quarters will be challenging"
- Loan liquidator: CRE values in for steep drop
- Rob now, HOPE later
- Recommendations for Fixing Mortgage Securitization
- Banks Freezing HELOCs
- The BoA Bailout
- CNBC: Ambac Rescue Could Come Next Week
- Moody's: CIFG on Downgrade Watch
- Adopt a Vacant Home Program
- Comment Problems?
- CNBC: Insurer Downgrade "Imminent"
- MBA and Cram-Downs
- BofA: Monoline Split "Significant cost" to Financial Markets
- Moody's: 8.8 million Homeowners Underwater
- MBIA CEO Recommends Split
- Fitch: Losses May Reach $8 Billion for Life Insurers
- OTS Plan: Negative Equity Certificates
- Mastercard Stuck with ARS
- Weekly Unemployment Claims
- It's Reception, Not Deception
- More Junk, Less Junk
- Economy.com: Home Prices to Fall 20%, U.S. in Recession Now
- Feldstein on the Recession
- GM Watch: Credit Default Swaps
- Architects See Demand Drop
- U.S. Thrifts Post Record $5.24 Billion Quarterly Loss
- California Government Hiring Freeze
- Single Family Housing Starts Lowest Since Jan 1991
- California City Nears Bankruptcy
- LBO Deals were Losers for Wall Street
- House Price Indices
- Moody's: Bond Insurer Downgrades May Cost Banks Billions
- NAHB: Builders Remain Cautious
- Wall Street Joke of the Day
- Home Overimprovement Trending Down
- Credit Suisse, Lehman Write-downs
- Ambac Trying to Raise Capital
- PBGC Announces Higher Percentage of Equity Investments
- Bandos
- BofA: Bond Insurer Split May Trigger Lawsuits
- Ambac Considering a Split
- Northern Rock to Be Nationalized
- Walking Away or Hiding Away?
- Georgia Loan Problems Outpace Florida
- Quote of the Day
- LFKAJ* Update
- Bond Insurer End Game
- CRE: New Lending Standards for Apartment Construction
- CRE: No Tenant at the "End of the Rainbow"
- Downey Financial Non-performing Assets
- Countrywide's Delinquencies Rise
- Sauce for the Goose
- FGIC Will Request Break-Up
- NAHB: More Than Just A Touch Off
- Cerberus Letter on GMAC and Chrysler
- Fed's Parkinson on Bond insurance
- Sacramento: Foreclosures Nearly Equal Home Sales
- FGIC Insurance Credit Ratings Cut
- Spitzer: Bond Insurers have "Four or five days" to Re-capitalize
- DataQuick: Record Low California Bay Area Sales, Median Price off 17% from Peak
- NAR: Housing Sales Bust is Everywhere
- Triad Visits the Confessional
- Bernanke: More Rate Cuts Likely
- Happy Valentine's Day
- Freddie Mac: Project MI Lifeline?
- Bankers Plead for Bailout
- S&P Cuts Ratings on CDOs
- DataQuick: SoCal Sales at Record Low
- San Diego House Prices Fall to 4 Year Low
- Downpayment in Arrears
- Some Renters are Victims of Housing Bust
- NRF: Consumers Spending on Essentials
- MGIC Reports: Ugly, Ugly, Ugly
- Super Duper Senior Bonds
- No Hope Now
- Credit Crunch News
- Is BofA Willing to Write Down Loans 30%?
- Project Lifeline
- WSJ: Homes Remain "Wildly Overvalued"
- Buffett Bids for EBS*
- IndyMac: We Were Not Greedy and Stupid
- We're All Subprime Now
- CRE: Macklowe Receives Default Notice
- Lenders Team Up to Prevent Prime Foreclosures
- Inventory, Inventory, Inventory
- PMI Reduces Max LTV for Insurance
- AIG "material weakness" in CDS Accounting
- German finance minister: Subprime Losses Could Reach $400 Billion
- IT Spending Forecasts Cut
- Housing as an Engine of Recovery
- Let's Talk about Walking Away
- UK: "Facing huge job losses", "Increasing home repossessions"
- Is the Current Financial Crisis So Different?
- Retailers Closing Stores, Slowing Expansion Plans
- Krugman on the Economy
- Recession: Impact on Employment
- Monolines: How much Capital is Needed?
- BofA: Pier Loans May lead to more Write-Downs
- NAR: The Punch Bowl is Back!
- Fitch Places 87 RMBS Bonds Wrapped by MBIA on Rating Watch Negative
- Wholesale Inventories Increase
- OFHEO House Price Index to be Published Monthly
- MBIA Increases Share Offer to $1 Billion
- Goldman Sachs: Economy Free Fallin'
- Moody's Cuts Rating of SCA Bond Insurer
- Horton: More Bad News
- Fed's Fisher on Dissenting Vote
- Pending Home Sales Index Declines
- Lockhart: No Jumbos Without More Oversight
- The End of Off-Balance Sheet Securitization?
- Wal-Mart Reports Disappointing Sales
- Deutsche Bank: Minor Write-Downs, Expects 2008 to be "Challenging"
- More on Monoline Insurers
- CR4RE February Newsletter Sent Out
- CISCO: January Sales Below Expectations
- Fed's Plosser: Economic Outlook
- Arizona: Residential Bust Leading to CRE Bust
- Page Loading
- BRE Properties: Renters Moving Out to Rent Single Family Homes
- Toll: Challenging Times Ahead
- Moody's Proposes New Rating System
- Junk-Bond Defaults Expected to Rise
- Fitch Takes Rating Actions on 172,326 Bonds
- S&P cuts Fremont General Rating
- Fitch: May Cut Monoline Insurer Ratings, "regardless of capital levels"
- CDO Market Almost Frozen
- Fed's Lacker: Commercial Construction to see "Dramatic Change"
- Video of the Day: Bair v. Ross
- ISM: Service Sector Contracts Sharply
- ASF: Innovative Solutions on the Table
- Credit Crunch and Credit Cards
- Kroszner on Proposed Mortgage Regulation
- MBA Reports Commercial/Multifamily Originations Down in Q4
- Fed: Lenders Tightening Standards, Loan Demand Falls
- Moody's Raises Loss Assumptions on CDOs
- FT: Leveraged loan market in “disarray”
- Why Doesn't the IRS Just Use Pay Pal?
- PE Firm on Monolines: "Don't pass ability-to-understand test"
- Components of Residental Investment
- Home Improvement Investment
- Shiller: Historic Housing Bust, Possible Severe Recession
- UK: The Return of Negative Equity
- San Diego REO / Short Sale Prevalence above 50%
- Fitch Concerned about Borrowers 'Walking Away'
- WSJ: Criminal Prosecutors investigating UBS
- Recession: CRE and PCE
- Bair on Principal Reduction Modifications
- Construction Spending Declines in December
- Beazer Shuts Mortgage Company
- Goldman: CRE Prices May Fall 25%
- Jobs: Nonfarm payrolls fell 17,000 in January
- Private Mortagage Insurers Ratings Actions
- It Takes One to Know One
- Financial Times: Walking Away becoming "culturally acceptable"
- Chase: Max HELOC LTV 70% in Certain Areas
January 2008
- CR4RE Newsletter: Sign Up Now to Receive February Issue
- CRE: Macklowe Cedes Control to Lender
- S&P Cuts FGIC To AA; MBIA, XLCA On Watch Neg
- Comptroller Dugan Expresses Concern About CRE Concentrations
- Clockwork Mortgages, Again
- Bristol-Myers: $275 Million in Mortgage Related Write-Downs
- Lenders Suspending HELOCs
- Advance Q4 MEW Estimate
- Another "Significant Discount"
- More Fig Leaves
- MBIA: $2.3 Billion Loss, Seeks Capital
- S&P: Financial institution Losses "will reach more than $265 billion"
- S&P: Half Trillion in Mortgage Debt Ratings Cut (or may be cut)
- Fitch Cuts FGIC Rating
- MBIA and Ambac Watch
- Flagstar Bancorp: Concerned About Consumers Walking Away
- Fed Cuts Fed Funds Rate 50bps
- Non-Residential Investment: The Key?
- Slow GDP Growth in Q4
- UBS: $14 Billion in Mortgage Write Downs
- CNBC: Bond Insurer Downgrades Could Come Tomorrow
- WSJ: More Criminal Inquiries into Mortgage Related Companies
- Tousa Goes BK
- Options Theory and Mortgage Pricing
- Homeownership Rate: Cliff Diving
- S&P Case-Shiller Composite: House Prices Fall 7.7%
- Countrywide: One Third of Subprime Loans Delinquent
- Countrywide Concerned about "Borrowers economic interest to repay"
- AmEx CEO: "Clear signs of a weakening economy and business environment"
- NY Insurance Department Hires Wall Street Firm for Advice on Monoline Insurers
- New Home Sales: Cliff Diving
- December New Home Sales
- Blackstone ADS Deal "Unlikely"
- 60 Minutes: House of Cards
- New Trend: "Intentional Foreclosure"
- Mortgage Due Diligence Firm Granted Immunity, Cooperating with Prosecutors
- Bank and Thrift Failures
- Commenting
- First Bank Closure of 2008
- Traders: Don't Put Jumbos in my TBAs
- FirstFed: Delinquencies Up Sharply
- Barclays: Banks may need $143B in Capital if Insurers Downgraded
- More on Homeowners Walking Away
- OFHEO on Conforming Loan Limits: "Very Disappointed", "A Mistake"
- Conforming Loan Limit Legislation
- Egan Jones: Monolines Need $200 Billion in Capital
- Report: Billionaire in Negotiations with Ambac
- More on December Existing Home Sales
- Housing Prediction Contest Winners
- Insurance Regulator: Bond Insurer Fix will take "some time"
- December Existing Home Sales
- Societe Generale Visits the Confessional
- We're All Jumbo Subprime Now
- Stimulus Package: Worst Idea Competition
- Capital One CEO: "Managing as if Recession is here"
- Financial Times: Banks asked to Bail out Bond Insurers
- Philly Fed State Coincident Indexes
- Lower Mortgage Rates, More Refi Applications
- A Counterparty Party
- Fed Funds: Market Expects 50bps Cut Next Week
- SunTrust: $555 Million in Write-Downs
- Merrill Lynch: House Prices May Fall 30%
- MGIC: Delinquencies, Claims Increasing
- Record California Foreclosure Activity in 2007
- Wachovia: Homeowners just Walking Away
- Fed: Emergency Meeting Minutes
- BofA Conference Call
- Fed: Emergency Fed Funds Rate Cut 75 bps
- Wachovia Visits the Confessional
- BofA: $5.28 Billion in CDO Write-Downs
- India: Sensex and Nifty Hit 10% Circuit Breaker, Close for One Hour
- Banks Saddled with Pier Loans
- Stock Futures
- Pimco’s McCulley Calls for Emergency Rate Cut
- Bear Markets and Recessions
- Bank of China May Report U.S. Mortgage Write-Downs
- More on Housing Starts
- Housekeeping: Slow Loading and Comments
- GuestNerds: The Pig and The Balance Sheet
- Bernanke Rock Blogging: A Whiter Shade of Pale
- Fitch Downgrades 420 ABS Bonds
- Fed Funds: Odds Moving Towards 100bps Rate Cut
- More on Ambac Rating Downgrade
- The Wall Street "Parade of Write-Downs"
- Housing: Seasonal Inventory
- Fitch cuts Ambac rating to AA
- MBA Report On Workouts
- Bush Calls for $145 Billion Stimulus Package
- Norris: Maybe Money Would Help
- Ambac Not Pursuing Stock Sale
- Employment-Population Ratio and Recessions
- WSJ on Counterparty Risk
- WaMu Conference Call
- Cliff Diving
- S&P: Bond Insurance Losses Likely Much Higher
- DataQuick: Bay Area Prices 11.7% off Peak, Sales at Record Low
- Philly Fed Index and Recessions
- House Prices: Comparing OFHEO vs. Case-Shiller
- Bernanke on Fiscal Stimulus
- Ambac Comments on Recent Moody’s Report
- Merrill: $16.7 Billion in Write-Downs
- Housing Starts: Lowest Since 1991
- CRE Credit Crunch
- Moody's: Ambac Under Review for Possible Downgrade
- S&P: Bond Insurer Review to be Completed Next Week
- Auto Loans: Lax Lending Standards?
- MBIA's Surplus Notes Plunge
- NY Times: The Education of Ben Bernanke
- NAHB: Builder Confidence Still at Record Lows
- Downey Financial Non-Performing Assets (update)
- The Economics of Second Liens
- JP Morgan: Home Equity Delinquencies Higher than Expected "even at the peak of the cycle"
- Ambac Cuts Dividend, Takes $5.4 billion pre-tax mark-to-market loss
- JP Morgan: $1.3 billion in Write-Downs
- Housing Wire: S&P Revises RMBS Ratings Assumptions (Again)
- Brown: Northern Rock may be Nationalized
- IndyMac CEO: "Conditions have gotten worse", Cuts 2,403 jobs
- DataQuick: SoCal Record Low December Sales, Prices off 15.8% From Peak
- Citi Dividend, Future Prospects and Credit Cards
- Mortgage Broker Spam
- From the Citi Conference Call
- FED: Just Another Quadrupling of Reserves
- Retail Sales Decrease 0.4% in December
- Citigroup: $17.4 Billion in Write-Downs, Cuts Dividend
- Fed Funds Rate Cut: 50bps or 75bps?
- WSJ: Citigroup to Cut Dividend, Write-Down $20 Billion
- OFHEO: Implications of Increasing the Conforming Loan Limit
- Sovereign Bancorp $1.58 billion in Charges
- CNBC: Citigroup To Announce $24B Write-Down, 17,000-24,000 Job Cuts
- Option ARM Update: "This is a stated income crisis"
- Banks Still Trying to Sell Chrysler Debt
- Downey Restates NPAs
- We're All Subprime Now
- Bernanke to Speak More Often
- Phone Hustlers* Dislike Short Sale Processes
- BofA and Countrywide
- Cuomo: Due Diligence and Disclosure
- CNBC's Gasparino: Citigroup Writedown Could be $24B
- Shiller on BofA: People "underappreciate the risk" in Housing Market
- Paulson: Economy has Slowed "Rather Materially"
- WSJ: S&P Downgrades $8.74 Billion in CDOs
- S&P 500 Index, Year-over-year Contraction
- MBIA: Question of the Day
- MBA: I Can Haz Accountentz?
- Cleveland to Mortgage Industry: You're a Public Nuisance
- BAC Takes The Bait in 2008
- $15 Billion Write Down for Merrill?
- Fed Funds Probabilities: 50 bps in January
- Greenberg: The Real Story on Countrywide ...
- American Express: Slower Spending, Higher Delinquencies
- WSJ: BofA in Talks to Acquire Countrywide
- Bernanke: Economic Outlook
- Realtors Exiting The Business
- Capital One Cuts Forecast
- Loan Servicers Advancing Interest, Paying Taxes and Insurance
- WSJ: Citi, Merrill May Report Additional Losses of $25 Billion
- Confessors: Thornburg Mortgage, Bear Stearns Hedge Fund
- More on Goldman Recession Call
- Fed's Poole: Five Mistakes
- Goldman Predicts Recession
- Countrywide: Foreclosures, Overdue Loans Rise
- MBIA to Raise Funds, Cut Dividend
- Foreclosure Investigator
- Falling House Prices: Videos
- Sample Newsletter
- AT&T Sees Softness in Consumer Business
- CD Rates and NIMs
- Countrywide Bankruptcy Rumor and Denial
- Moody's Cuts Ratings On 46 Tranches Of Bear Deals
- Fed's Plosser: Economic Outlook
- KB Home Reports
- Pending Home Sales Decline 2.6%
- Until CR Gets Up
- Turns Out Judges Don't Like "Efficient" Servicers
- WSJ: Bear CEO Expected to Step Down
- Newsletter Update
- Fed's Lockhart: Economic Outlook
- Investment Patterns
- A Rolling Loan Gathers No Loss
- Office Vacancy Rate Rises
- Recession Predictions
- Recession: Mild or Severe?
- CRE: More on Macklowe
- The Economist on Commercial Property
- For 2008 I Nominate "Bongwater"
- Jingle Liens
- Vancouver 2010
- Fed Funds: Market Expects 50bps Rate Cut
- Glassman: "Real estate excesses will vanish by spring 2008"
- S&P may cut $6.42 Billion in CDOs
- December Employment Report
- Analysts: Corporate Defaults to Rise "Drastically"
- Consumer Delinquency Rate Highest Since Last Recession
- Foreclosure Fraud
- Ford: Auto Sales Declined 9.2% in December
- Discount Rate Spread Narrows, Asset Backed CP Increases
- CRE: O.C. Office Vacancies Rise
- The Un-re-dis-inter-mediation Blues
- Newsletter Update
- Research: House Prices to Fall 15% or more
- NY Times Article in Pictures
- Fed Minutes and Headlines
- National City Exits Wholesale Business
- Construction Spending Increases Slightly in November
- ISM: Factory Sector Contracts in December
- NY Times: Land of Many Ifs
- Don't Take the Bait in 2008
- CRE: Centro Seeks Buyers
- About Me and Media Requests
- A Sacramento Housing Ad
- Mortgage "Implosion" Scuttles PHH Deal
- Housing Summary