2010
2,264 posts
2010 2,264
December 2010
- Question #1 for 2011: House Prices
- House Price Predictions
- Problem Banks: Stress by State
- Unofficial Problem Bank list increases to 935 Institutions
- Housing: Hank Paulson takes a loss
- Hotels: RevPAR up 3.6% compared to same week in 2009
- LPS: Over 4.3 million loans 90+ days or in foreclosure
- Question #4 for 2011: U.S. Economic Growth
- Kansas City Fed: Manufacturing activity "continued at a solid pace" in December
- Pending Home Sales index increases 3.5% in November
- Weekly Initial Unemployment Claims below 400,000, Lowest since July 2008
- Case Shiller House Prices: Which cities will hit post bubble lows next?
- Lawler Forecast for 2011: Housing Starts and New Home Sales
- BLS Change on Unemployment Duration
- A few Graphs for 2010
- Leonhardt on 2010: A Year That Fizzled
- Misc: Households 'Doubling Up', Bank Failures, Vegas Convention business looking up
- Question #5 for 2011: Employment
- Misc: Richmond Fed Manufacturing Survey, Consumer Confidence
- House Prices and Months-of-Supply, and Real House Prices
- Case-Shiller: Home Prices Weaken Further in October
- Evening Reading
- Freddie Mac: 90+ Day Delinquency Rate increases in November
- Question #6 for 2011: Unemployment Rate
- Dallas Fed: Manufacturing Activity Continues to Grow
- Foreclosure: Eviction "the weary epilogue"
- Unofficial Problem Bank list at 919 Institutions
- Vehicle Sales: Fleet Turnover Ratio
- Question #7 for 2011: State and Local Governments
- Summary for Week ending December 25th
- Schedule for Week of December 26th
- Happy Holidays!
- Question #8 for 2011: Europe and the Euro
- Hotels: RevPAR up 14% compared to same week in 2009
- Update on Personal Saving Rate
- Home Sales: Distressing Gap
- Repeat: Merle Hazard "Inflation or Deflation"
- Misc: Europe, Consumer Sentiment, and more
- Lawler: Overall Housing Stock Growth Likely to Slow Even Further in 2011
- Comments on November Personal Income and Outlays Report
- New Home Sales weak in November
- Weekly Initial Unemployment Claims at 420,000
- Public Pensions: An Alabama Town as a Possible Future
- Older Workers and the Lump of Labor Fallacy
- Question #9 for 2011: Inflation
- Misc: Oil over $90, Bonds Sell-off in Ireland and Greece, Q3 GDP
- Existing Home Inventory increases 5.4% Year-over-Year
- November Existing Home Sales: 4.68 million SAAR, 9.5 months of supply
- MBA: Mortgage Refinance activity declines sharply
- Misc: Ernst & Young accused of fraud, Banks accused of illegal break-ins
- AIA: Architecture Billings Index shows expansion in November
- Market Update
- Question #10 for 2011: Monetary Policy
- Census 2010 Data
- Moody's Warns it may downgrade Portugal's Credit Rating
- Streitfeld: Homes at Risk, and No Help From Lawyers
- ATA Truck Tonnage Index decreases slightly in November
- Moody's: Commercial Real Estate Prices increase in October
- Analysis: Decline in home prices impacting small business borrowing
- DOT: Vehicle miles driven increased in October
- Chicago Fed: Economic Activity Slowed in November
- Las Vegas: A tour of the Preposterous
- Ten Economic Questions for 2011
- Summary for Week ending December 18th
- Apartments: Inflection Point
- Spanish Ghost Towns
- Schedule for Week of December 19th: Happy Holidays!
- Unofficial Problem Bank list increases to 920 Institutions
- LA Port Traffic in November: Exports Increase
- Bank Failures #156 & 157: Arkansas and Minnesota
- Bank Failure #155: United Americas Bank, National Association, Atlanta, Georgia
- Bank Failures #152 to #154: Florida and Georgia
- Lawler: November Existing Home sales estimate of 4.61 million SAAR
- Housing Starts and Vacant Units
- State Unemployment Rates in November: "Little changed" from October
- Moody's Downgrades Ireland's Credit Rating
- Tax Legislation Passes 277 to 148
- Tax Legislation: House vote around 10:30 PM ET, Expected to Pass
- Tanta on Fannie, Freddie and the Bubble
- Misc: Mortgage Rate above 5%, House Vote on tax legislation likely later today
- Hotels: RevPAR up 11.5% compared to same week in 2009
- CoreLogic: House Prices declined 1.9% in October
- Housing Starts increase slightly in November
- Weekly Initial Unemployment Claims decline to 420,000
- Europe Update
- DataQuick: SoCal Home Sales off 15.5% from November 2009
- Inflation: Core CPI, Median CPI, 16% trimmed-mean CPI remain below 1% YoY
- Tax Legislation Passes in Senate 81 to 19
- Commentary: Subprime Thinking
- NAHB Builder Confidence Flat in December
- Industrial Production, Capacity Utilization increase in November
- Three Stories: Spain, NY Manufacturing, Inflation
- MBA: Mortgage Applications decline, Mortgage rates rise sharply
- Tax Legislation: Senate Votes on Wednesday
- Mortgage Rates pushing 5%
- Lawler: Early Read on November Existing Home Sales
- FOMC Statement: No Change
- Q3 2010: Mortgage Equity Withdrawal
- Retail Sales increase 0.8% in November
- NFIB: Small Business optimism improves in November
- Tax Legislation passed cloture in Senate by 83 to 15 vote
- Research Papers: Strategic Defaults on 2nds, and MBS "Skin in the Game"
- Two Updates: Tax Legislation and Europe
- Bond Girl: Default and bankruptcy in the municipal bond market
- CoreLogic: 10.8 Million U.S. Properties with Negative Equity in Q3
- Tax Proposal: Update on Senate Vote
- FOMC Preview: No Change
- Here come the '99ers
- Summary for Week ending December 11th
- Recovery and Recession at the same time
- Schedule for Week of December 12th
- Several Stories: Apartment vacancy rates falling
- Unofficial Problem Bank list at 919 Institutions
- An Economists' Hanukkah Song
- Schedule for the Proposed Tax Legislation
- Bank Failures #150 & 151: Michigan and Pennsylvania
- Under 35: Living with Parents vs. Homeownership rate
- The Pain in Spain
- Consumer Sentiment increases in December
- Trade Deficit decreases in October
- Tax Bill to add $857 Billion to Debt
- Building Costs after the Bust
- Hotels: RevPAR up 5.3% compared to same week in 2009
- Q3 Flow of Funds: Household Real Estate assets declined $650 Billion in Q3 2010
- Freddie Mac: Mortgage Rates rise to Five-Month High
- Weekly Initial Unemployment Claims decline to 421,000
- CB Richard Ellis: Office Vacancy rate to peak in Q2 2011
- Accounting for the Payroll Tax Cut
- CoStar: Commercial Real Estate prices declined in October
- Refinance Activity and Mortgage Rates
- MBA: Mortgage Purchase Applications increase slightly last week
- Leonhardt: Obama's Back-Door Stimulus Plan
- Mortgage Rates rise sharply
- Tax Negotiations: No help for 99ers
- Europe Update: More Stress Tests, Iceland out of recession
- BLS: Job Openings increase sharply in October, Labor Turnover still Low
- Ceridian-UCLA: Diesel Fuel index increases slightly in November
- Report: General Agreement on Taxes for next two years
- AAR: November Rail Traffic shows "mixed progress"
- Residential Investment and Unemployment
- Germany rejects calls for larger rescue fund and "E-Bonds"
- Bernanke: Without Fed's actions, unemployment rate might have hit 25%
- Europe Update: The launch of "E-Bonds"?
- Bank Failures per Week in 2010
- Summary for Week ending December 4th
- Schedule for Week of December 5th
- Participation Rate of 25 to 54 Age Men at Record Low
- Employment Graph Repeat
- Unofficial Problem Bank list increases to 920 Institutions
- Survey: Small Business job creation improves slightly in November
- Catching Up: ISM Non-Manufacturing index showed expansion in November
- Seasonal Retail Hiring: Retailers remain cautious
- Employment Summary and Part Time Workers, Unemployed over 26 Weeks
- November Employment Report: 39,000 Jobs, 9.8% Unemployment Rate
- Hotels: RevPAR up 10.1% compared to same week in 2009
- European Bond Spreads, Dec 1, 2010
- Unemployed: Longer out of work, tougher to find a job
- Employment Report Preview
- Pending Home Sales index increases in October
- Weekly Initial Unemployment Claims increase to 436,000
- Summary of a busy day
- Pettis on Europe
- U.S. Light Vehicle Sales 12.26 million SAAR in November
- Misc: Fed's Beige Book, Goldman takes the "over" on GDP in 2011, and more
- Auto Sales: GM, Ford sales up in November
- Private Construction Spending increases in October
- ISM Manufacturing Index decreases slightly to 56.6 in November
- ADP: Private Employment increased by 93,000 in November
- MBA: Mortgage Purchase Applications increase slightly last week
- Hamilton: Europe and China: is this deja vu all over again?
November 2010
- Europe Update and more
- Rumor: WikiLeaks to release BofA documents?
- Real House Prices, Q3 2010
- Case-Shiller: Broad-based Declines in Home Prices in Q3
- Restaurant Performance Index highest in three years
- DOT: Vehicle miles driven increased in September
- Home Sales: Distressing Gap
- Dallas Fed manufacturing survey shows activity increased in November
- Europe Update
- Sunday Night Futures
- The recent improvement in economic news
- European Union approves €85 billion rescue of Ireland
- A Summary for Week ending November 27th
- Saturday Night Reading
- Schedule for Week of Nov 28th
- Ireland: €85 billion bailout expected Sunday
- Unofficial Problem Bank list increases to 919 Institutions
- Fannie and Freddie on Foreclosed Homes: Resume all normal sales activity
- Accelerated Timetable for Ireland Bailout Details
- Housing Supply: What do all the numbers mean?
- Portugal and Spain: More Denials
- Pettis: Will Europe face defaults?
- The Pain would come from Spain
- Galleries, Europe and more ...
- Music: "The Dollar and Its Diving"
- ATA: Truck Tonnage Index increases in October
- Comments on October Personal Income and Outlays Report
- Europe Update: Irish Austerity, New Resolution Mechanism, Rising Yields
- New Home Sales decline in October
- Weekly Initial Unemployment Claims decrease sharply
- MBA: Mortgage Purchase Applications Increase, highest level since May
- Rewind: Irish Banks pass Stress Tests in July 2010
- State Unemployment Rates in October: "Little changed" from September
- LPS: Over 4.3 million loans 90+ days or in foreclosure
- FOMC Minutes: Forecasts revised down again, Disagreement on outlook
- Misc: Europe, FDIC Quarterly Report, Richmond Manufacturing Survey and more
- Existing Home Inventory increases 8.4% Year-over-Year
- October Existing Home Sales: 4.43 million SAAR, 10.5 months of supply
- Q3 real GDP growth revised up to 2.5% annualized rate
- NY Times: Odd corollary to the Volcker Fed?
- Existing Home Sales Forecast, and Ireland Update
- Monetary Policy Confusion
- Moody's: Commercial Real Estate Prices increase in September
- CoreLogic: Shadow Housing Inventory pushes total unsold inventory to 6.3 million units
- Chicago Fed: Economic Activity picked up slightly in October
- Shadow Inventory
- Irish Bailout approved by EU and IMF
- A Summary for the Week ending November 20th
- Irish finance minister will recommend IMF and EU Bailout
- Ireland’s children "brought up for export" again
- Schedule for Week of November 21st
- New Fannie Mae Lending Guidelines
- Ireland Update: Bank Run and Bailout
- Unofficial Problem Bank list increases to 903 Institutions
- Bank Failure #149: First Banking Center, Burlington, Wisconsin
- Bank Failure #148: Allegiance Bank of North America, Bala Cynwyd, Pennsylvania
- Bank Failure #147: Gulf State Community Bank, Carrabelle, Florida
- Disposition of Canceled HAMP Trial Modifications
- Fed Manufacturing Surveys and ISM Manufacturing Index
- "Some thoughts on the muni market"
- Bernanke criticizes China, Supports additional fiscal stimulus
- Q3: Quarterly Housing Starts and Unemployment
- Hotels: RevPAR up 14.1% compared to same week in 2009
- MBA National Delinquency Survey: Delinquency rate declines in Q3
- Philly Fed Index shows pickup in manufacturing activity
- Weekly Initial Unemployment Claims increase slightly
- Fed's Duke on Foreclosure documentation issues
- Ireland: Debt Crisis team arrives Thursday
- Inflation: Core CPI, Median CPI, 16% trimmed-mean CPI all below 1% YoY
- CoreLogic: House Prices declined 1.8% in September
- Housing Starts decline in October
- MBA: Mortgage Purchase Activity decreases as mortgage rates increase
- AIA: Architecture Billings Index shows contraction in October
- Report: European Crisis team heads to Ireland
- DataQuick: SoCal Home Sales off 24.3% from October 2009
- Update on Ireland Bailout Talks
- NAHB Builder Confidence up slightly in November
- Industrial Production, Capacity Utilization Flat in October
- NY Times on European Debt Crisis
- LA Port Traffic in October: Exports increase
- S&P predicts house prices to fall another 7% to 10% through 2011
- Philly Fed: Forecasters still catching up
- Misc: NY Manufacturing conditions "deteriorate", Business Inventories Increase
- Retail Sales increase 1.2% in October
- Ireland Minister: Reports of Bailout Talks are "Fiction"
- Ireland: Talks Continue
- Schedule for Week of November 14th
- Summary for Week ending November 14th
- Labor Force Participation Trends, Over 55 Age Groups
- Reports: Ireland bailout talks continue
- Apartment Rents increasing in San Francisco
- Report: Ireland in "technical" discussions on asking for aid
- Unofficial Problem Bank list increases to 898 Institutions
- Bank Failure #146: Copper Star Bank, Scottsdale, AZ
- Report: Ireland pressed to accept aid "within days"
- Bank Failures #144 & 145: Georgia
- D.R. Horton: 2011 to be a "very challenging year"
- Ireland Update: Bonds rally on EU Statement
- Consumer Sentiment increases slightly in November
- Las Vegas: 4,000 High Rise Condos still for sale
- Report: Discussions underway to assess readiness to activate EFSF for Ireland
- Hotels: RevPAR up 8.2% compared to same week in 2009
- Labor Force Participation Rate: What will happen?
- Ireland: Bank funding problems?
- RealtyTrac: Foreclosure Activity Decreases slightly in October
- CSCO and KLIC: Weaker Outlooks
- Lawler: Early Read on October Existing Home Sales
- European Debt Update
- Deficit Commission Draft Proposal
- Trade Deficit decreases in September
- Weekly Initial Unemployment Claims decrease to 435,000
- MBA: Mortgage Purchase Applications Increase slightly last week
- Humor: China Rating Agency downgrades U.S.
- Private Label Security REO
- Ireland: A Side Show
- BLS: Job Openings decrease slightly in September, Low Labor Turnover
- Ceridian-UCLA: Diesel Fuel index declines in October, "Signals Weaker Holiday Season"
- NFIB: Small Business Optimism improves slightly
- More Ireland
- AAR: October 2010 Rail Traffic Continues Mixed Progress
- Fed: Banks expect tight lending standards for foreseeable future
- NY Fed: Continued Decline in Consumer Debt
- Ireland Update: "Relying on the kindness of strangers"
- NY Times on Irish Bond Yields
- NFIB: Small Business hiring "improves slightly"
- Schedule for Week of Nov 7th
- Summary for Week ending Nov 6th
- Ireland Update
- Employment: Participation Rate
- Live Webcast 10:45 AM ET: Bernanke at Jekyll Island
- Unofficial Problem Bank list at 894 Institutions
- Bank Failure #143: First Vietnamese American Bank, Westminster, California
- Bank Failure #142: Pierce Commercial Bank, Tacoma, Washington
- Bank Failure #141: Western Commercial Bank, Woodland Hills, California
- Bank Failure #140: K Bank, Randallstown, Maryland
- Fannie, Freddie, FHA REO Inventory Increases 24% in Q3 from Q2 2010
- Seasonal Retail Hiring off to fast start in October
- Pending Home Sales Index declines 1.8% in September
- Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
- October Employment Report: 151,000 Jobs, 9.6% Unemployment Rate
- Clearing House warns of higher Irish debt margin requirements
- Employment Report Preview
- European Bond Spreads
- Will Ireland need to use the EFSF?
- Hotels: RevPAR up 12.5% compared to same week in 2009
- Weekly Initial Unemployment Claims increase to 457,000
- Bernanke: "What the Fed did and why"
- Misc: Bankruptcy Filings increase, Freddie Mac reports loss, and more
- Comments on FOMC statement
- U.S. Light Vehicle Sales 12.26 million SAAR in October
- FOMC Statement: QE2 Arrives, $600 Billion by end of Q2 2011
- General Motors: October U.S. sales increase year-over-year
- ISM non-Manufacturing Index increases in October
- ADP: Private Employment increases by 43,000 in October
- MBA: Mortgage Purchase Applications Increase slightly last week
- Wednesday: More than just QE2
- New Feature: CR Graph Galleries
- It's the economy ...
- LPS: Over 4.3 million loans 90+ days or in foreclosure
- Q3 2010: Homeownership Rate at 1999 Levels
- Wilmington Trust: A warning of more CRE Construction Losses coming?
- Borrowing costs for Ireland and Portugal increase sharply
- Real Estate Brokers' Commissions Lowest since 1982 as Percent of GDP
- NMHC Quarterly Apartment Survey: Market Conditions Tighten
- Q3: Office, Mall and Lodging Investment
- Private Construction Spending Flat in September: July and August Revised Down
- ISM Manufacturing Index increases to 56.9 in October
- Personal income declines 0.1%, Spending increases 0.2% in September
- Two Extremes: Paying on Underwater Mortgages, and Living in Default
October 2010
- Music: Quantitative Easin'
- Schedule for Week of Oct 31st
- Summary for Week ending Oct 30th
- Unofficial Problem Bank list increases to 894 Institutions
- Residential Investment declines to new low as Percent of GDP
- Investment Contribution to GDP: Leading and Lagging Sectors
- Restaurant Index shows expansion in September
- Commercial Real Estate: "Normal market conditions years away"
- Real GDP Growth and the Unemployment Rate
- Real GDP: Still 0.8% below pre-recession levels
- Chicago PMI increases, Consumer Sentiment weak
- Q3 Advance Report: Real Annualized GDP Grew at 2.0%
- Foreclosure-Gate: Title Insurers Drop Demands
- House Prices have corrected to what year?
- Housing Bust impacting Manager Mobility
- Update: PIMCO's Bill Gross has called end of bond rally before
- Regional Fed Manufacturing Surveys still show "moderate" expansion in October
- Weekly Initial Unemployment Claims decrease
- Report: Greece Falling Short of Rescue Package Deficit Goal
- PIMCO's Gross: 30-year Bull Market in Bonds is Over
- Freddie Mac: 90+ Day Delinquency Rate Declines Slightly in September
- Home Sales: Distressing Gap Sept 2010
- New Home Sales increased slightly in September, still near record low
- MBA: Mortgage Purchase Activity increases slightly
- Report: Fed will probably use gradual approach for QE2
- DataQuick: California Mortgage Defaults Rise in Third Quarter
- Philly Fed September State Coincident Indexes
- ATA: Truck Tonnage Index increases in September: "Economy barely growing"
- Real House Prices, Price-to-Rent Ratio
- Case-Shiller: Home Price declines widespread in August
- Mervyn King Quote: “Banking” and “Crises” are natural bedfellows
- WSJ Survey: Housing Inventories up in 19 of 28 Markets Year-over-Year
- Misc: Expectations, Dallas Fed Manufacturing, HAMP and Foreclosure-Gate
- CoreLogic: House Prices Declined 1.2% in August
- Existing Home Inventory increases 8.9% Year-over-Year
- September Existing Home Sales: 4.53 million SAAR, 10.7 months of supply
- Chicago Fed: Economic activity slowed further in September
- Short Sales vs. Foreclosures
- 60 Minutes: Unemployment and the "99ers"
- Schedule for Week of Oct 24th
- Summary for Week ending Oct 23rd
- Jim the Realtor: Sign Overload
- Number of Bank Failures: 2010 about to surpass 2009
- Impact of BofA Foreclosure Moratorium on North San Diego County
- Unofficial Problem Bank List at 871 Institutions
- Bank Failure #139: First Arizona Savings, Scottsdale, Arizona
- Bank Failures #137 & 138: Kansas and Illinois
- Bank Failure #136: The First National Bank of Barnesville, Barnesville, Georgia
- Bank Failures #133 to 135: Florida and Georgia
- Report: 1.2 Million Workers could lose Unemployment Benefits next month
- Clear Capital: "Sudden and Dramatic Drop in U.S. Home Prices"
- State Unemployment Rates in September: "Little changed" from August
- Geithner calls for reducing trade imbalances
- Shanghai Composite Update
- FOMC and QE2
- Hotel Performance: RevPAR up 9.4% compared to same week in 2009
- FHFA Projections for Fannie and Freddie draws, and House Price Assumptions
- Philly Fed Index "steady" in October
- Weekly Initial Unemployment Claims: Moving Sideways
- WSJ: Here come the GSE Put-Backs
- Comerica and Wells Fargo: Some color on C&I borrowing
- Economix: Tom Lawler answers questions on foreclosures
- Fed's Beige Book: Economic Activity increased at "modest pace"
- Wells Fargo Conference Call on Foreclosure-Gate
- Wells Fargo on Foreclosures: "Procedures sound, no moratorium"
- MBA: Mortgage Purchase Activity Declines
- AIA: Architecture Billings Index shows expansion, first time since Jan 2008
- Foreclosure-Gate: The Investigations and some comments on other issues
- Housing Starts and the Unemployment Rate
- Major Bondholders seek BofA Mortgage Repurchases
- Moody's: Commercial Real Estate Prices fall to 2002 Levels
- Fed's Dudley: 3 million excess vacant housing units
- Housing Starts increase in September
- Foreclosure-Gate: GMAC resumes some foreclosures
- 2010 Census: Final Weekly Payroll Update
- Citigroup: Foreclosure Process is 'Sound', BofA expects to submit new affidavits next week
- Fed's Lockhart: QE2 is an "insurance policy" against further disinflation
- NAHB Builder Confidence increases in October
- Industrial Production, Capacity Utilization decreased in September
- Schedule additions: Large Bank Financial Results
- HUD Secretary on Foreclosure-Gate: "Will respond with full force of the law"
- Schedule for Week of Oct 17th
- Summary for Week ending Oct 16th
- Foreclosure-Gate: The Lowest Bidder
- Why did the mortgage servicers use "robo-signers"?
- Fed's Evans suggests a Price Level Target
- Fed's Rosengren: Important to "insure against the risk of deflation"
- Unofficial Problem Bank List at 875 Institutions
- Bank Failure #132: Premier Bank, Jefferson City, Missouri
- Bank Failure #130 & 131: Kansas and Missouri
- LA Port Traffic in September: Imports Strong, Exports Stalled
- Inflation: Core CPI, Median CPI, 16% trimmed-mean CPI all very low
- Misc: Consumer Sentiment dips, CPI-W, and NY Fed Manufacturing Survey
- Retail Sales increase in September
- Bernanke: "Appears to be a case for further action"
- Foreclosure-Gate: The house that started it all
- Friday Preview: Bernanke, Retail Sales, CPI, and more
- Early Third Quarter GDP Forecast
- Freddie Mac: 30 year Mortgage Rates fall to 4.19 percent, lowest since 1951
- Hotel Performance: RevPAR up 8.8% compared to same week in 2009
- Trade Deficit increases sharply in August
- Weekly Initial Unemployment Claims increase to 462,000
- RealtyTrac: Record Repossessions reported in September
- Fed's Lacker: Inflation "now on Target"
- U.S. outlines process for "orderly and expeditious resolution of foreclosure process issues"
- Ceridian-UCLA: Diesel Fuel index declines in September, Flow of goods has "stalled"
- Understanding Lost Note Affidavits (LNAs)
- JPM conference call comments on Foreclosure-Gate
- Refinance Activity and Mortgage Rates
- MBA: Mortgage Purchase Activity decreases, Refinance Activity increases sharply
- Bernanke Speech on Friday: A new roadmap for the Fed?
- California: Number of Licensed Real Estate Agents declines Sharply
- Lawler: "Early read" on September Existing Home Sales
- FOMC September Meeting Minutes: "focused on further purchases of longer-term Treasury securities"
- Graphs: Small Business Optimism, Hiring and "Biggest Problem"
- NFIB: Small Businesses slightly less pessimistic, Hiring plans weaken
- Duy: The Final End of Bretton Woods 2?
- Rail Intermodal Traffic at 2008 levels, Carload Traffic Lags
- Economic Nobel Prize: Matching "the honored work with the moment"
- Real GDP Growth and the Unemployment Rate
- CNBC Survey: Fed Certain to act in November
- Fed's Dudley: Costs of higher capital requirements under Basel III are "exaggerated"
- Summary for Week ending Oct 9th
- Schedule for Week of Oct 10th
- Pearlstein on Foreclosure-Gate
- IMF: Concern about fragile economy and exchange rates
- Music: "Nobody Knows the Bubbles I've Seen"
- Duration of Unemployment
- Unofficial Problem Bank List 877 Institutions
- Late night Foreclosure-Gate
- Daily Show on Foreclosure-Gate
- Impact of estimated Benchmark Revision on Job Losses
- Unemployment by Level of Education and Employment Diffusion Indexes
- Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
- September Employment Report: 18K Jobs Lost ex-Census, 9.6% Unemployment Rate
- NY Times: Foreclosure-Gate starting to impact home sales
- Video of Krugman, Feldstein and Hatzius from Oct 5th
- Lawler: “Foreclosure-Gate”: Who Will, and Who Should “Pay”?
- Consumer Credit declines in August
- Fed's Fisher: QE2 "debate still to take place"
- Weekly Initial Unemployment Claims decrease
- Reis: Mall vacancy rate declines slightly in Q3
- Roubini: 40% Chance of Double-dip Recession
- Seasonal Retail Hiring Outlook: "Dim"
- Geithner calls for "more flexible, more market-oriented exchange rate systems"
- CoStar: Commercial Real Estate Prices decline in August
- ADP: Private Employment decreases by 39,000 in September
- MBA: Mortgage Purchase Activity increases, FHA applications increase sharply
- Reis: Apartment Vacancy Rates decline sharply in Q3
- Hatzius: Two main economic scenarios "fairly bad" and "very bad"
- Lawler: Trying to Make Sense of the Mortgage Foreclosure Fiasco
- Foreclosure Mess: Little impact on California
- Fed's Evans: Favors "much more [monetary] accommodation"
- ISM non-Manufacturing Index increases in September
- Bank of Japan eases monetary policy
- Reis: Office Vacancy Rate at 17 Year High
- More Cities turn to State Distressed Cities Programs
- Bernanke breaks promise, discusses fiscal issues
- Yellen Sworn in as Fed's Vice Chairman, Goldman says some of QE2 Priced into Bonds
- Consumer Bankruptcy Filings increase in September
- Fed's Sack: Managing the Federal Reserve’s Balance Sheet
- Pending Home Sales increase 4.3% in August
- Rates keep falling: 2-Year Treasury Yield Hits Record Low
- Nightly Mortgage Mess
- A QE1 Timeline
- Weekly Schedule for October 3rd
- Summary for Week ending Oct 2nd
- Commercial Real Estate: End of Extend and Pretend?
- Report: Title Insurance company stops insuring Chase Foreclosures
- Unofficial Problem Bank List increases to 877 institutions
- September Employment Report Preview
- Foreclosure Mess: More on BofA Foreclosure Freeze, Wells Fargo satisfied with Procedures
- Bank Failure #129: Shoreline Bank, Shoreline, Washington
- Bank Failure #128: Wakulla Bank, Crawfordville, Florida
- Foreclosure Update: BofA Halts Certain Foreclosures, Connecticut orders 60 day moratorium
- U.S. Light Vehicle Sales 11.76 million SAAR in September
- Fed's Dudley and Evans support QE2
- Private Construction Spending declines in August
- General Motors: September U.S. sales increase 10.5% to 173,155 units
- ISM Manufacturing Index declines in September
- August: Real Personal consumption expenditures (PCE) increases 0.2%
- Video: Economist / Comedian Bauman at the American Economic Association humor session
- Hotel Occupancy Rate: Slightly below 2008 Levels
September 2010
- Existing Home Inventory declines slightly in September, Up year-over-year
- Restaurant Index shows contraction in August
- The Economist: Expanding household Size
- Kansas City Fed: Regional Manufacturing Activity rebounded in September
- Chicago PMI increases in September
- Weekly Initial Unemployment Claims decrease
- Two Stories: JPMorgan halts some foreclosures, Fed to release crisis transaction details
- Fannie Mae and Freddie Mac: Serious Delinquent Rates decline
- Fed's Rosengren: Fed must respond "vigorously, creatively, thoughtfully, and persistently"
- Fed's Plosser opposes QE2
- Fed's Kocherlakota revises down forecast
- Estimate of Decennial Census impact on September payroll employment: minus 78,000
- MBA: Mortgage Applications Purchase Index increases slightly
- ATA: Truck Tonnage Index "Plunged" 2.7 Percent in August
- Fed's Lockhart: The Approaching Monetary Policy Decision Dilemma
- Meredith Whitney on state budget crisis
- Misc: Case-Shiller, Manufacturing Surveys, QE2 and Europe
- Richmond Fed: Regional manufacturing activity contracted after seven months of expansion
- Case-Shiller: "Home Prices Stable in July"
- Bank of England official to savers: 'Start spending'
- WSJ: Fed Weighs new QE Approach
- Report: Morgan Stanley Freezes Investment-Bank Hiring
- Brazil’s finance minister: World in “international currency war”
- Dallas Fed: Manufacturing activity rose slightly in September
- Chicago Fed: Economic activity weakened in August
- WSJ: 'Mr. Euro' Is Forced to Act
- Bernanke and QE2
- Weekly Schedule for September 26th
- Summary for Week ending Sept 25th
- 2010: The Year of the Short Sale
- New Home Sales: Lowest Median Price since 2003
- Dubai: See-through office buildings are still being completed
- Unofficial Problem Bank List increases to 872 institutions
- WSJ: Committee to Save the Euro
- Misc: Bernanke, "Toxie", GMAC, Credit Card debt and Housing
- Bank Failure #127: North County Bank, Arlington, Washington
- Bank Failure #126: Haven Trust Bank Florida, Ponte Vedra Beach, Florida
- National Credit Union Administration announces plan to manage $50 billion in impaired assets
- DOT: Vehicle Miles driven increase slightly in July
- Home Sales: Distressing Gap
- New Home Sales August 2010 (Repeat with graphs)
- New Home Sales: Unchanged from July, Worst August on Record
- Durable Goods Orders decreased 1.3% in August
- Obama pushes China on exchange rate
- European Bond Spreads
- Philly Fed State Coincident Indexes
- Hotel Occupancy Rate: Just below 2008 levels
- Existing Home Inventory increases 1.5% Year-over-Year
- Existing Home Sales at 4.1 million SAAR, 11.6 months of supply
- Weekly Initial Unemployment Claims increase
- Oops! No mortgage and still foreclosed on
- Existing Home Sales Preview
- HAMP data for August
- Temporary Decennial Census workers almost gone
- Housing Starts and the Unemployment Rate
- AIA: Architecture Billings Index shows contraction in August
- MBA: Mortgage Purchase Activity declines slightly
- On the GMAC Foreclosure Stories
- Links on Lawrence Summers' Departure
- Paving the Way for QE2
- FOMC Statement: "Prepared to provide additional accommodation "
- FOMC Preview
- State Unemployment Rates in August: "Little changed" from July
- Single Family Housing Starts increase slightly in August
- Flash Crash Report due in the next two weeks
- Europe Update: European Financial Stability Facility rated AAA
- Moody's: Commercial Real Estate Price Index declined 3.1% in July
- NBER: Recession ended in June 2009
- NAHB Builder Confidence stuck at low level in September
- Over 50 and Unemployed: Will they ever work again?
- FT: Junk bond prices hit pre-crisis levels
- Weekly Schedule for September 19th
- Summary for week ending Sept 18th
- Hubbard and Mayer recycle Morgan Stanley's housing proposal
- FOMC Statement Preview
- Q2 Flow of Funds: Household Net Worth off $12.3 Trillion from Peak
- Unofficial Problem Bank List increases to 854 institutions
- Lawler: US Households: Why Researchers / Analysts are “Confused”
- WSJ: Pension Gaps Loom Larger
- Bank Failure #125: Maritime Savings Bank, West Allis, Wisconsin
- Bank Failures #121 to 124: Georgia and Ohio
- Bank Failure #120: ISN Bank, Cherry Hill, New Jersey
- Inflation: Core CPI, Median CPI, 16% trimmed-mean CPI
- No increase to Social Security Benefits for 2011 (unofficial)
- Consumer Sentiment declines in September, lowest level in a year
- Consumer Price Index increases 0.3%, core rate unchanged in August
- Weekly Update on European Bond Spreads
- Update: Regional Fed Surveys and ISM
- Hotel Occupancy Rate: "Bumpy Week"
- Misc: China's Exchange Rate, Foreclosures, Poverty and Walking Away
- Philly Fed Index shows contraction in September
- Weekly initial unemployment claims decline slightly
- Elizabeth Warren to lead Consumer Financial Protection Bureau, unofficially
- The two key housing problems
- Quote of the Day from Time Warner Cable: "anemic new home formation"
- Cartoon: "Signs of the Times"
- CoreLogic: House Prices decline 0.6% in July
- Industrial Production, Capacity Utilization increase in August
- NY Fed: Manufacturing Index declines slightly in September
- MBA: Mortgage Purchase Activity decreases slightly
- LA Port Traffic in August: Imports Surge, Exports down year-over-year
- Lawler: "Early read" on August existing home sales
- Ceridian-UCLA: Diesel Fuel index declines in August, "signals struggling economy"
- DataQuick: SoCal home sales decline in August
- Goldman: Fed may announce QE2 as soon as November
- NFIB: Small Businesses slightly less pessimistic
- Retail Sales increase in August
- TARP Deadbeat list grows to more than 120 banks
- Capital One CEO: "Very cautious about the housing market"
- Investment Contributions to GDP: Leading and Lagging Sectors
- On Retail Seasonal Hiring
- House Prices and Foreclosures
- Geithner on Exchange Rate with China
- Geithner: "Important to avoid premature policy restraint"
- Schedule for Week of Sept 12th
- Report: Bank regulators reach agreement on Basel III capital requirements
- Summary for Week ending Sept 11th
- OECD Paper: "The EU Stress Test and Sovereign Debt Exposures"
- Paper: Housing and the Business Cycle
- Early Review of Byron Wien's "Ten Surprises" List for 2010
- Unofficial Problem Bank List increases to 849 institutions
- Austan Goolsbee, Comedian
- Bank Failure #119: Horizon Bank, Bradenton, Florida
- Hotel Occupancy Rate: Just above 2008 levels
- Update on Government Employment Graphs
- Wholesales Inventories increase 1.3% in July
- Goolsbee to chair Council of Economic Advisers
- From Loan Modification Purgatory to Foreclosure Hell
- Double Digit Unemployment Rate early next year?
- Weekly Update on European Bond Spreads
- Government Employment since 1976
- Trade Deficit declines in July
- Weekly Initial Unemployment Claims decline
- The Frugal are Losers Too
- Lawler: Again on Existing Home Months’ Supply: What’s “Normal?”
- Consumer Credit Declines in July
- Fed's Beige Book: Continued growth, but "widespread signs of a deceleration"
- BLS: Job Openings increases in July, Low Labor Turnover
- MBA: Mortgage Purchase Activity increases slightly
- Mortgage Rates and Home Prices
- Housing Starts and Vacant Units
- Reactions to Obama's Business Tax Break
- Housing Completions will set new record low in 2010
- European Bond Spreads
- European Stress Tests and more
- Reconciling the Household and Payroll Surveys of Employment
- Obama to Propose $50 Billion in Infrastructure Spending
- House Prices and Stress Tests
- Streitfeld: Grim Housing Choice
- Schedule for Week of September 5th
- Summary for Week ending Sept 4th
- More stories on the long term unemployed
- Another potential home seller chases the market down
- Unemployment Rate and Level of Education
- Update: Total people receiving unemployment benefits
- Duration of Unemployment
- Unofficial Problem Bank List increases to 844 institutions
- NFIB: Small Businesses Still Not Hiring
- Rail Traffic increases 5.7% in August compared to August 2009
- Employment Diffusion Indices
- ISM Non-Manufacturing Index declines in August
- Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
- August Employment Report: 60K Jobs ex-Census, 9.6% Unemployment Rate
- Krugman: On Inflation and Interest Rates
- Employment Report Preview
- Realtors, Builders oppose another Housing Tax Credit
- Hotel Occupancy Rate: Just below 2008 Levels
- Greece: Default Probabilities before and after policy response
- Pending Home Sales increase in July
- Weekly initial unemployment claims decline slightly
- Personal Bankruptcy Filings: Down from July, Up from August 2009
- U.S. Light Vehicle Sales 11.5 Million SAAR in August
- Some comments on August ISM Manufacturing Index
- General Motors: Sales off sharply from August 2009
- Construction Spending declines in July
- ADP: Private Employment decreases 10,000 in August
- MBA: Purchase Application activity suggests low level of existing home sales in August and September
August 2010
- Existing Home Inventory declines slightly in August
- Restaurant Index shows contraction in July
- FOMC August Minutes: Both employment and inflation to fall short of dual mandate
- On Case-Shiller House Prices: October is the "Witching Hour"
- FDIC Q2 Banking Profile: 829 Problem Banks
- Case-Shiller: Home Price indices increase in June
- Europe Bond Yields
- Gibbs: Housing Tax Credit not high on list of options
- Lawler: HUD Secretary May Have Just Made Near-Term Home Sales Worse
- Report: No discussions underway to revive housing tax credit
- Regional Fed Manufacturing Surveys and the ISM PMI
- Dallas Fed: Texas Manufacturing Activity Still Weak in August
- Personal Income, Spending increase in July
- Another Housing Tax Credit?
- Foreclosures: Movin' on up!
- Schedule for Week of August 29th
- Summary for Week ending August 28th
- "Muddling through ... the prescription of the moment"
- Petruno: Time to let home prices fall?
- Employment Report Preview: Will the unemployment rate spike higher?
- Unofficial Problem Bank List increases to 840 institutions
- Jim the Realtor: "Good time to be a looker"
- U.S. Births decline in 2009
- Estimate of Decennial Census impact on August payroll employment: minus 116,000
- Analysis: Bernanke paves the way for QE2
- Bernanke: The Economic Outlook and Monetary Policy
- Q2 real GDP revised down to 1.6% annualized growth rate
- Summary, Fannie-Freddie "Autopsy", and European Bond Spreads
- Are lenders "procrastinating" on foreclosures?
- CoreLogic: 11 Million U.S. Properties with Negative Equity in Q2
- MBA Q2 2010: 14.42% of Mortgage Loans Delinquent or in Foreclosure
- Kansas City Fed: Manufacturing activity slowed in August
- MBA Q2 National Delinquency Survey Conference Call
- Weekly initial unemployment claims decline, 4-week average highest since Nov 2009
- Summary and European Bond Spreads
- ATA: "Truck freight tonnage has essentially gone sideways since April 2010"
- Regional Fed Manufacturing Surveys and the ISM PMI
- Home Sales: Distressing Gap
- New Home Sales decline to Record Low in July
- MBA: Mortgage refinance activity increases, Purchase activity flat
- More Negative News Flow Coming
- S&P Cuts Ireland's Rating, Outlook Negative
- CBO: Stimulus raised GDP 1.7% to 4.5% in Q2
- Richmond Fed: Manufacturing Growth Continued to Ease in August
- Existing Home Inventory decreases 1.9% Year-over-Year
- Existing Home Sales lowest since 1996, 12.5 months of supply
- Other comments on the FOMC meeting article
- WSJ: The FOMC Debate on Monetary Policy
- Lawler: Existing Home Sales: “Consensus” vs. Likely
- Waldman on meeting of Bloggers and Treasury Officials
- DOT: Vehicle Miles driven increase in June
- Chicago Fed: Economic activity rebounded in July
- Report: Home buyers remain optimistic about appreciation
- Mansion squatters in Seattle
- Summary for Week ending August 21st
- Schedule for Week of August 22nd
- Unemployment Rate continues to Rise in Greece
- Unofficial Problem Bank List increases to 817 institutions
- CEO: No need to invest right now
- Restaurants in "survival mode"
- Bank Failures #115 to #118: California
- Bank Failure #114: ShoreBank, Chicago, Illinois
- Bank Failures #111 to #113: Florida and Virginia
- Huge miss coming on Existing Home Sales?
- HAMP data for July
- State Unemployment Rates: Generally unchanged in July
- A story on buying and flipping foreclosed homes
- Hotel Occupancy Rate: Almost back to 2008 levels
- European Bond Spreads: Rising Again
- Moody's: Commercial Real Estate Price Index declines 4% in June
- Census Bureau: 24.1 million homeowners had primary mortgage rates above 6% in 2009
- Philly Fed Index shows contraction in August, first time since July 2009
- Weekly initial unemployment claims at 500,000, highest since November 2009
- California furloughs back on, Oregon deficit widens
- Jim the Realtor: "Comp Killer"
- Refinance Activity, Mortgage Rates and Effective Rate
- AIA: Architecture Billings Index shows contraction in July
- MBA: Mortgage refinance activity increases sharply, Purchase activity declines
- NY Fed: Total Household Debt down 6.4% from the peak in 2008
- Housing Starts and the Unemployment Rate
- Regional Reports: Home Sales fell sharply in July
- Fed's Kocherlakota: Markets misinterpreted FOMC’s decision
- Q2: Quarterly Housing Starts by Purpose
- Industrial Production, Capacity Utilization increase in July
- Single Family Housing Starts decline in July
- One Year Supply of Houses? and other stuff
- Sovereign Debt Part 5D: European Banks, What if Things Go Really Badly?
- Fed: Large banks ease lending standards slightly, demand still weak
- CoreLogic: House Prices flat in June
- NAHB Builder Confidence falls in August to lowest since March 2009
- NY Fed: Manufacturing Conditions improve "modestly" in August
- Weak economy and low yields are threat to retirement
- Merle Hazard: Double Dippin'
- Weekly Schedule for August 15th
- Weekly Summary August 15th
- Update on Tighter FHA Lending Standards
- Inflation Graph
- Why do I expect the unemployment rate to increase?
- Unofficial Problem Bank List increases to 813 institutions
- Negative News Flow
- Port traffic may slow as retailers turn cautious
- Bank Failure #110: Palos Bank and Trust Company, Palos Heights, Illinois
- LA Port Traffic: Imports increase, Exports Flat
- Double Dip Debate
- Social Security Benefits and Maximum Contribution Base: Probably No Increase for 2011
- Reuters University of Michigan's Consumer Sentiment increases slightly in August
- Retail Sales increase 0.4% in July
- Krugman: Paralysis at the Fed
- More Europe: Greek Recession, Irish and Spanish Worries
- European Bond Spreads: Starting to rise again?
- Hotel Occupancy Rate at 70% last week
- Agenda for August 17th conference on the Future of Housing Finance
- Freddie Mac: 30 Year Mortgages Rates fall to series record low
- Weekly Initial Unemployment Claims increase, Highest since February
- NY Times: Borrowers refuse to pay home equity loans
- Cisco Comments: Mixed Signals, Recovery has slowed
- Ceridian-UCLA: Diesel Fuel index increases in July
- NY Fed Plans to Buy $18 billion in Treasuries over the next month
- Two Stories: More Homeowner Assistance for Unemployed, Q2 GDP likely to be Revised Down
- BLS: Low Labor Turnover in June
- Trade Deficit increases sharply in June
- MBA: Mortgage Applications Essentially Unchanged Despite Lowest Rates
- Lowell: The Natural History of a Rumor
- "Quantitative Neutrality"
- NY Fed: Technical Note on Reinvestment
- FOMC Statement: Weaker Economy, to Reinvest
- FOMC Statement Preview
- "Buy and Bail" Again
- NFIB: Small Business Optimism Declines
- REO Inventory including private-label RMBS
- Rail Traffic increases 4.1% in July compared to July 2009
- Miscellaneous Reading: Helicopter drops, Personal Income Declines, Recession Probabilities
- Fannie, Freddie, FHA REO Inventory Increases 13% in Q2 from Q1 2010
- Freddie Mac: $4.7 billion Loss, REO Inventory increases 79% YoY
- East of San Francisco: 20% Unemployment, House Prices off Sharply
- FOMC Meeting on Tuesday
- Hamilton: Current economic conditions
- Weekly Summary and Schedule, August 8th
- Jingle Mail from Hyatt Hotels
- Duration of Unemployment
- Unofficial Problem Bank list increases to 811 institutions
- NMHC Quarterly Survey: Apartment Market Conditions Tighten
- CoStar: Commercial Real Estate Prices decline sharply in June
- California to stop accepting First-Time Homebuyer Tax Credit Applications on Aug 15th
- Bank Failure #109: Ravenswood Bank, Chicago, Illinois
- Employment Report: Temporary Help and Diffusion Index
- Consumer Credit Declines in June
- FHA Refinance of Borrowers in Negative Equity Positions
- Employment Report: Why the different payroll numbers?
- Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
- July Employment Report: 12K Jobs ex-Census, 9.5% Unemployment Rate
- Jim the Realtor: Auction on the Steps
- Fannie Mae: REO Inventory doubles, expected to increase "significantly"
- 2nd Half Slowdown Update
- Hotel Occupancy Rate at 71% last week
- Nonsense Rumor on Fannie and Freddie
- Residential Investment Components in Q2
- Weekly Initial Unemployment Claims increase to 479,000
- China's Stress Tests: 60% Decline in House Prices
- $26 Billion in Aid to States to pass Senate tomorrow
- Q2: Office, Mall and Lodging Investment
- BEA: July light vehicle sales rate 11.5 million SAAR
- Fed Research Supports Mortgage Cram Downs
- ISM Non-Manufacturing Index shows expansion in July
- ADP: Private Employment increases 42,000 in July
- MBA: Mortgage Purchase Applications increase slightly last week
- D.R. Horton conference call comments: No more tax credits!
- Personal Bankruptcy Filings up 9% in July
- U.S. Light Vehicle Sales 12.1 Million* SAAR in July
- Pending and Existing Home Sales
- General Motors: Sales up sharply compared to July 2009
- Pending Home fall to record series low in June
- Personal Income, Spending flat in June
- WSJ: FOMC considering reinvesting when MBS Matures
- Krugman: "Why Is Deflation Bad?"
- Preview: Auto Sales, Pending Home Sales, Aug 10th FOMC Meeting
- Foreclosure Auction Investing Gone Wrong
- Private Construction Spending declines in June
- Bernanke: Challenges for the Economy and State Governments
- ISM Manufacturing Index declines in July
- NY Times: China State-owned companies move into real estate development
- China Slows, and a few posts of interest
- Weekly Summary and Schedule, August 1st
- Sovereign Debt Part 5C. Some Policy Options, Good and Bad
- How do you put recession bars on graphs using Excel?
July 2010
- Growth of Problem Banks (Unofficial)
- Negative Equity Breakdown
- Restaurant Index shows contraction in June
- Unofficial Problem Bank List over 800 Institutions
- Bank Failure #107 & 108: Washington and Oregon
- Estimate of July Decennial Census impact on payroll employment: minus 144,000
- Bank Failures #105 & 106: Florida
- Bank Failure #104: NorthWest Bank and Trust, Acworth, Georgia
- Existing Homes: Double Digit Months-of-Supply Watch
- Error Correction: Confused Annual and Quarterly Rates in previous post
- Revisions: Real GDP and PCE well below previous peak
- Chicago PMI shows expansion in July
- Q2: real annualized GDP growth slows to 2.4%
- House Prices rolling over Down Under?
- ATA Truck Tonnage Index declines in June
- Lawler: “Slam-Dunk” Stimulus? MS = Missing Something!!!!
- More Builder Evidence of impact of tax credit
- Hotel Occupancy Rate at 71.8% last week
- Kansas City Fed: Manufacturing activity rebounded moderately in July
- Weekly Initial Unemployment Claims: Eight Months of Moving Sideways
- Blinder and Zandi Paper
- More Builder Evidence of Tax Credit Goose, Post-Credit Bust
- Schwarzenegger orders furloughs, California may start issuing IOUs in August
- Fed's Beige Book: Activity continued to increase, "steady" in some districts
- Treasury: HAMP Re-default Rate incorrect
- Durable Goods orders fall 1% in June
- MBA: Mortgage Purchase Applications increase slightly last week
- Paper: Policy helped avert Great Depression II
- How far will the homeownership rate fall?
- Survey: Local Government job losses projected to approach 500,000
- 2nd Half Slowdown Update
- Richmond Fed: Manufacturing Activity Moderates in July; Expectations Slip
- Q2 2010: Homeownership Rate Lowest Since 1999
- Case-Shiller: House Price indexes increase in May
- Home builders to start building more homes?
- Jim the Realtor: Beach Cheapie?
- Survey shows house prices falling in June, but long wait for house price indexes
- Dallas Fed: Manufacturing Activity Remains Sluggish in July
- New Home Sales: Worst June on Record
- Chicago Fed: Economic activity declined in June
- European Stress Tests: Not very stressful
- Private Investment?
- Weekly Summary and Schedule, July 25th
- More State and Local Government Layoffs and the Pension Crisis
- Charlie Rose: Geithner on Financial Regulatory Reform and Elizabeth Warren
- More new condo inventory
- Part 5B. What Happens If Things Go Really Badly? More Things Can Go Badly: Credit Default Swaps, Interest Swaps and Options, Foreign Exchange
- Unofficial Problem Bank List at 792 Institutions
- Bank Failure #103: Home Valley Bank, Cave Junction, Oregon
- Bank Failure #102: SouthwestUSA Bank, Las Vegas, Nevada
- Bank Failures #97 to #101
- Existing Home Sales: Still above historical median
- Three Questionable Housing Related Reports
- European Bank Stress Test Results
- Deflation Watch
- Hungary debt may be downgraded by S&P and Moody's
- DataQuick: California Notice of Default Filings Decline in Q2
- European Stress Tests and Bond Spreads
- DOT: Miles Driven increase slightly in May
- Hotel Occupancy Rate above 70% last week
- Existing Home Inventory increases 4.7% Year-over-Year
- Existing Home Sales decline in June
- Weekly Initial Unemployment Claims increase to 464,000
- Office Vacancy, Lease Rates and New Investment
- Excess Capacity and Housing
- AIA: Architecture Billings Index shows contraction in June
- Live Feeds: Bernanke Testimony at 2 PM ET
- Existing Homes: Months of Supply and House Prices
- WSJ: Housing Market Stumbles
- MBA: Mortgage Purchase Applications increase slightly last week
- Quick Update: Bernanke rescheduled to 2 PM ET
- Bernanke Testimony Preview
- Obama Housing Scorecard
- HAMP data: Only 15,000 trial modifications started in June
- State Unemployment Rates: Generally lower in June
- Housing Starts decline in June
- Merle Hazard: Greek Debt Song
- Update: Unemployment Benefits extension likely to pass
- Moody's: Commercial Real Estate Price Index increases in May
- Lawler: Preview on Existing Home Sales
- Summers: More Fiscal Stimulus Now, Reduce Deficits when economy has recovered
- NAHB Builder Confidence falls to lowest level since April 2009
- Moody's Downgrades Ireland
- This and that ...
- Part 5A. What Happens If Things Go Really Badly? $15 Trillion of Sovereign Debt in Default
- Weekly Summary and a Look Ahead
- SoCal: Office Vacancy Rate increases, Rents Fall
- Double Dip Discussion
- Unofficial Problem Bank List at 796 Institutions
- Another example of state and local government distress
- Sovereign Debt Series Summary
- A quick summary of the week
- Chase Homeowner Assistance Event comes to Orange County
- Bank Failures #92 to #96: Florida, Michigan, South Carolina
- Bank Failure #91: Woodlands Bank, Bluffton, South Carolina
- Mortgage Repurchase: The growing writedown
- BofA 30+ Day Delinquency and FHA
- Reuters University of Michigan's Consumer Sentiment drops sharply in July
- Consumer Price Index declines 0.1% in June
- HUD announcement: FHA Seller concession to be cut in half
- Reports: BP makes progress on Oil Gusher, SEC to make "significant announcement"
- Hotel Occupancy Rate increases compared to same week in 2009
- Philly Fed Index suggests "slowing" growth
- Industrial Production, Capacity Utilization mostly flat in June
- NY Fed: Manufacturing Conditions improve, but pace "slowed substantially" in July
- Weekly Initial Unemployment Claims decline to 429,000
- Part 4. What are Total Estimated Losses on Sovereign Bonds Due to Default?
- Lawler: Update on the California Home Buyer Tax Credit
- LA Port Traffic: Imports Surge, Exports Decline
- FOMC Minutes: Forecast revised down
- AIA Forecast: Nonresidential Construction Spending to fall 20% in 2010
- Manufacturing and Trade Inventory-to-Sales Ratio
- Retail Sales fall 0.5% in June
- MBA: Mortgage Purchase Applications lowest since December 1996
- Fed Minutes Preview
- Some European Stress Test Results may be delayed
- Rail Traffic softens further in June
- CoreLogic: House Prices increase 0.9% in May
- BLS: Low Labor Turnover in May
- Trade Deficit increases in May
- Ceridian-UCLA: Diesel Fuel index Falls Sharply in June
- Small Businesses a little more pessimistic
- Condo Shadow Inventory
- Stress Tests: EU Concerned about "pockets of vulnerability”
- Distressed Sales: Sacramento as an Example, June 2010
- FHFA attempting to recoup some losses of Fannie and Freddie
- Bankruptcy and 2nd Liens
- Part 3. What are the Market Estimates of the Probabilities of Default?
- Deflation and the Fed
- Trillions of Bank Debt coming due
- Weekly Summary and a Look Ahead
- Part 2B: More on Historic Sovereign Default Research
- Euro and European Bond Spreads
- WSJ: "$1.65 trillion Euro zone bank debt coming due in 2010 and 2011"
- Part 2. How Often Have Sovereign Countries Defaulted in the Past?
- Unofficial Problem Bank List at 796 Institutions
- Bank Failures #89 & #90: New York and Oklahoma
- Bank Failure #88: Ideal Federal Savings Bank, Baltimore, Maryland
- Bank Failure #87: Bay National Bank, Baltimore, Maryland
- Market Update
- This is NOT a liar loan
- Hotel Occupancy Rate increases
- Small Businesses still reluctant to hire
- Foreclosures: Movin' on Up!
- New Paper: "Shadow Banking"
- Consumer Credit declines sharply in May
- What might the Fed do?
- 30 Year Mortgage Rates fall to Record Low
- How Large is the Outstanding Value of Sovereign Bonds?
- Weekly Initial Unemployment Claims decline to 454,000
- Reis: Apartment Vacancy Rates decline slightly
- CRE Extend and Pretend
- European Bank Stress Test: 91 Banks, results on July 23rd
- Real Estate Sign of the Times: "Price Reduced"
- Falling Mortgage Rates and Refi Mini-Boom
- MBA: Mortgage Purchase Applications Decrease, Refis increase
- Reis: Mall Vacancy Rate rises in Q2
- Update on FHA Seller Concessions
- LPS: Mortgage Delinquencies and Foreclosures increase to 12.38% in May
- Older, more educated workers, have highest length of unemployment
- ISM Non-Manufacturing Index shows slower expansion in June
- Reis: U.S. Office Vacancy Rate at 17 year high
- Rogoff sees "Collapse" in China's Property Market
- More on the slowdown in China
- Update on Oil Prices
- Europe: Austerity or "rigorous fiscal policies"?
- Happy July 4th
- Investors buying foreclosures in Phoenix
- Weekly Summary and a Look Ahead
- Cancellations along the Gulf: Real Estate Closings and Fireworks Displays
- Condos: Post Tax Credit Price Cuts
- Recession Dating and a "Double Dip"
- Duration of Unemployment
- Double Dip Search Trends
- Illinois and California: State Basket Cases
- Unofficial Problem Bank List at 798 Institutions
- Fewest Teen Jobs added in June since 1951
- Personal Bankruptcy Filings up 14% in first 6 months of 2010
- Employment Report: Temporary Help and Diffusion Index
- Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
- June Employment Report: 100K Jobs ex-Census, 9.5% Unemployment Rate
- Employment Report: Which payroll number to use?
- Housing: Timing for reported increase in Months-of-Supply and Decrease in House Prices
- U.S. Light Vehicle Sales 11.1 Million SAAR in June
- Hotel Occupancy Rate increases compared to same week in 2009
- Construction Spending declined in May
- General Motors: Sales up 10.7% compared to June 2009
- ISM Mfg index shows slower expansion in June, Pending Home sales collapse
- Weekly Initial Unemployment Claims increase to 472,000
- Fannie Mae: Serious Delinquency rate declines in April
June 2010
- Lawler: Residential Listings in June
- Market Update
- Fed's Lockhart: Sustainable final demand not yet supporting growth
- Restaurant Index "Softened" in May
- Chicago PMI shows expansion in June
- ADP: Private Employment increased 13,000 in June
- MBA: Mortgage Refinance Applications increase, Purchase Applications near 13 Year Low
- Shanghai Composite at lowest level since April 2009
- House Passes Homebuyer Tax Credit Closing Extension
- 2nd Half: Slowdown or Double-Dip?
- State and Local Tax Revenue increased slightly compared to Q1 2009
- Consumer Confidence Plummets in June
- Case-Shiller: House Prices increased in April due to tax credit
- Ireland: Austerity in Action
- Fed Econ Letter: State budget crisis poses "modest risk to national recovery"
- Misc: Greece Spreads Widen, Spanish Liquidity issues, Market Update
- Fed's Warsh: Reluctant to do more
- Chicago Fed: Economic Activity increased in May
- Personal Income up 0.4%, Spending Increases 0.2% in May
- Krugman: "The Third Depression"
- Housing Supply Metrics
- Housing Bust in the Exurbs
- Weekly Summary and a Look Ahead
- G-20 poised to issue Statement
- Freddie Mac: 90+ Day Delinquency Rate steady in May
- Employment Report Preview
- Second Liens and Personal Bankruptcy
- Unofficial Problem Bank List increases to 797 Institutions
- Year of the Short Sale, and Deed in lieu
- Bank Failure #86: High Desert State Bank, Albuquerque, New Mexico
- Bank Failures #84 & #85: Florida and Georgia
- FDIC: May Enforcement Actions
- ATA Truck Tonnage Index declines in May
- KB Home: "Month of May was particularly challenging" for housing industry
- Q1 GDP revised down to 2.7%
- Late Night Reading
- Update: Unemployment Benefits, Housing Tax Credit
- Misc: Quote of the Day, Greece Bond Spreads increase Sharply, and Market Update
- Lennar: June Home Sales off 20% to 25% from 2009
- Hotel Occupancy Rate increases
- 30 Year Mortgage Rates fall to Record Low
- Weekly Initial Unemployment Claims Decline, Still High
- DOT: Vehicle Miles Driven increase in April
- Home Sales: Distressing Gap
- Fannie Mae cracks down on "Walk Aways"
- FOMC Statement: Less Positive
- Estimate of June Decennial Census impact on payroll employment: minus 243,000
- New Home Sales collapse to Record Low in May
- MBA: Mortgage Purchase Applications Decrease in Weekly Survey
- AIA: Architecture Billings Index declines in May
- How high will Existing Home Months-of-Supply increase this summer?
- Market Update, Fed Meeting Preview and more
- Existing Homes: Months of Supply and House Prices
- Existing Home Sales: Inventory increases Year-over-Year
- Existing Home Sales decline in May
- Moody's: Commercial Real Estate Prices increase 1.7% in April
- Update on California bill to extend anti-deficiency rules to some Refinanced Mortgages
- Lawler: Home Sales in May: A Look at the Data
- Obama Housing Metrics
- HAMP data shows over 150 Thousand Trials Cancelled in May
- Housing Tax Credit Extension Update
- China's Yuan Rises against Dollar
- Apartment owner on rental market: "Worst ever", Charge-offs triple
- Look Ahead to FOMC Statement on Wednesday
- Weekly Summary and a Look Ahead
- On Fannie and Freddie REO Inventory
- Housing Starts and the Unemployment Rate
- Summers cautious about recovery
- Impact of Decennial Census on June Payroll Report
- China statement: "To proceed with exchange rate reform"
- Unofficial Problem Bank List increases to 781 Institutions
- Bank Failure #83: Nevada Security Bank, Reno, Nevada
- CoreLogic: House Prices increase 0.8% in April
- Lumber Prices off 30% since April
- Obama urges G-20 Nations to continue stimulus; Cautions about a Double-dip
- State Unemployment Rates: Slightly lower in May
- Feds Charge 1,200 with Mortgage Fraud
- Krugman: "That '30s Feeling"
- Merle Hazard: "Legal Tender"
- S&P expects up to 70% redefault on Loan Mods
- European Bond Spreads continue to widen
- Hotel Occupancy Increases
- Have Residential Rents bottomed?
- Philly Fed Index "decreased notably" in June, Employment turned slightly negative
- Weekly Initial Unemployment Claims increase to 472,000
- Summary and Misc
- Toll Brothers: Demand Choppy, Sales Down
- Iceland: Court rules Foreign currency indexed loans illegal
- WaPo on Foreclosures and Deficiencies
- Spain, Germany agree to release bank "stress test" results
- Industrial Production, Capacity Utilization increase in May
- Housing Starts plummet in May
- MBA: Mortgage Purchase Applications increase slightly, near 13 Year Low
- Falling Euro impacts New York Real Estate market
- Short Sale: Agent "takes advantage" of Bank of America?
- SoCal Home sales at 4 Year High
- Employment and Real GDP, Real GDI
- UCLA's Leamer: "A Homeless Recovery"
- NAHB Builder Confidence declines sharply in June
- NY Fed: Manufacturing Conditions improve in June
- Fed's Bullard on the Economy
- Vacation Cancellations along the Gulf Coast
- When will the Fed raise rates?
- Moody's Downgrades Greece Ratings to Junk
- Report: State and Local cutbacks may cut 0.25% from GDP
- BIS reports Bank Exposure to Euro area countries facing market pressure
- Small businesses "collapse" around the Gulf
- Concern about auto sales
- Weekly Summary and a Look Ahead
- Obama Pushes for $50 Billion in State Aid
- FHA Reform Bill Passes House
- Unofficial Problem Bank List: 760 Institutions
- Q1 2010: Mortgage Equity Withdrawal strongly Negative
- N.Y. State "classic budgetary sleight-of-hand"
- Daily Show: More Spilling Fields
- Bank Failure #82: Washington First International Bank, Seattle, WA
- Housing Tax Credit Fraud Extension
- LA Port Traffic: Imports Surge Year-over-year in May
- Report: FBI to "arrest hundreds of people" next week for Mortgage Fraud
- Manufacturing and Trade Inventory-to-Sales Ratio: Inventory Adjustment Over
- Retail Sales decline in May
- Senate Bill would extend Housing Tax Credit Closing Deadline
- Hotel Occupancy Increases
- Update on European Bond and CDS Spreads
- Debt Problem "Contained" in Europe, Market and Short Sale Fraud
- Q1 Flow of Funds: Household Net Worth off $11.4 Trillion from Peak
- Ceridian-UCLA: Diesel Fuel index increases sharply in May
- Trade Deficit increases slightly in April
- Weekly Initial Unemployment Claims at 456,000
- California Senate Passes bill to extend anti-deficiency rules to some Refinanced Mortgages
- Waste Traffic Indicator?
- Fed's Beige Book: "modest" economic growth, "Shadow" inventory of Foreclosed Homes
- Happy "Froth" Day
- Bernanke Testimony before House Budget Committee at 10 AM
- MBA: Mortgage Purchase Applications decline 35% over last four weeks
- Late Night Futures
- Europe Update: Strikes in Spain, UK Austerity, ECB Bond Purchases
- Market Update, and the $24 Billion Medicaid Aid to States Debate
- Has the 2nd half slowdown started?
- BLS: Low Labor Turnover, Job Openings Increase in April
- Small Business Optimism improves slightly in May
- Bernanke: Economy "won't feel terrific"
- Distressed Sales: Sacramento as an Example, May 2010
- Rail Traffic Softens in May
- Consumer Credit increases slightly in April
- Impact of Decennial Census on Unemployment Rate
- Tim Duy: Lost Chance for Global Rebalancing
- Sunday Night Futures
- Hungary: Never mind
- Weekly Summary and a Look Ahead
- Krugman: "Lost Decade, Here We Come"
- Daily Show: The Spilling Fields
- Fannie Mae's Duncan: Home-building industry to be tested until early 2013
- Duration of Unemployment
- Hungary Government Clarifies "default" Comments
- Unofficial Problem Bank List: Assets increase sharply
- Bank Failure #81: TierOne Bank, Lincoln, Nebraska
- Bank Failure #80: Arcola Homestead Savings Bank, Arcola, Illinois
- Bank Failure #79: First National Bank, Rosedale, Mississippi
- Fannie Mae economist: House "price appreciation not supportable" and more
- Temporary Help Services starting to slow, Small Business hiring "Bleak"
- Euro falls under 1.20 Dollars, Hungary “manipulated” figures
- Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
- May Employment Report: 20K Jobs ex-Census, 9.7% Unemployment Rate
- WSJ: China's Property Market Freezes Up
- Oil and Florida Tourism
- Euro Bond and CDS Spreads Widen
- Report: Oil Gusher impacting Gulf Coast Hotels
- Employment Report Prediction: Bad Reporting!
- ISM Non-Manufacturing Index Shows Expansion
- Weekly Initial Unemployment Claims at 453,000
- ADP: Private Employment increased 55,000 in May
- Research: 270 Days is Optimal Time in Foreclosure
- Housing Bust and Labor Immobility
- Personal Bankruptcy Filings increase 9% compared to May 2009
- U.S. Light Vehicle Sales 11.6 Million SAAR in May
- Report: BofA acknowledges "foreclosure can be very appealing to customers"
- General Motors: Sales up 16.6% compared to May 2009
- Pending Home Sales "Surge" in April
- MBA: Mortgage Purchase Applications lowest level since April 1997
- Fannie Mae: Serious Delinquencies decline in March
- Market Update
- Impact of Census 2010 on Payroll Report
- Distressed House Sales: Movin' on up!
- Construction Spending increases in April
- ISM Manufacturing Index Shows Expansion in May
- Unemployment Rate increases in Europe, Euro Slides
- Commodity Prices Decline and Futures
- In Foreclosure and ... happy?
- Few Jobs for Students this Summer
May 2010
- ECB reports on financial stability, warns of "contagion"
- Chicago: Shadow Condo Inventory
- Real PCE Growth in Q2
- Condo Shadow Inventory
- Percent Job Losses During Recessions, aligned at Bottom
- Weekly Summary and a Look Ahead
- Europe Update
- Bank Failures per Week
- Unofficial Problem Bank List increases to 762 Institutions
- The Oil Gusher
- Key Economic Index suggests Tough Times
- ATA Truck Tonnage index increases in April
- Friday Night Summary
- Bank Failure #78: Sun West Bank, Las Vegas, Nevada
- Bank Failure #77: Granite Community Bank, N.A., Granite Bay, California
- Bank Failures #74 to #76: Florida
- Decline in Small Business Lending: Supply or Demand problem?
- Sales halted on Condo Project, None Sold
- Restaurant Index: Same store sales and customer traffic off in April
- Chicago PMI shows expansion, Employment declines
- April Personal Income up 0.4%, Spending Increases Slightly
- Late Night Thread
- "Housing Production Credit Crisis"?
- Gross Domestic Income shows more sluggish recovery
- Hotel Occupancy increases 4% compared to same week in 2009
- Next Stimulus Package Scaled Back
- Weekly Initial Unemployment Claims at 460,000
- Mortgage Refinance Activity
- Toll Brothers: Orders Up, Cancellation Rates Way Down, Toll buying Lots Again (Uh, Oh!)
- Market Update: More Euro
- New Home Prices: Median Lowest since 2003
- New Home Sales increase to 504K Annual Rate in April
- MBA: Mortgage Purchase Applications at 13 Year Low
- Large San Francisco Apartment Complex in Default
- Summary of Housing News
- CBO: Stimulus raised GDP 1.7% to 4.2% in Q1
- Market Update
- Real Case-Shiller National House Prices
- Case-Shiller House Prices "Weakening"
- Morning Market News
- Futures Off Tonight
- DOT: Vehicle Miles Driven increase in March
- FHA Commissioner: Housing on "Life support", "very sick system"
- Market Update
- 'Shadow' Condos coming back on market
- Existing Home Sales: Inventory increases Year-over-Year
- Existing Home Sales increase in April
- Chicago Fed: Economic Activity increased in April
- Sunday Night Futures
- States: U-6 Unemployment Rate vs. Mortgage Delinquency Rate
- "Feeling like a foolish child"
- Weekly Summary and a Look Ahead
- On Loan Mods and Credit Scores
- Spain: Regulators seize CajaSur; U.K.: Bonfire of the Quangos?
- Mothballed Condos Offered For Sale
- Credit Indicators
- Fed's Dudley on the Economy
- Unofficial Problem Bank list hits 737
- "Love, Your Broken Home"
- Bank Failure #73: Pinehurst Bank, St. Paul, Minnesota
- Las Vegas land prices: 80% off peak
- States: Mortgage Delinquency Rate vs. Unemployment Rate
- April State Unemployment Rates: California and Nevada at series highs
- Bundestag Approves Bailout, possible Strike in Spain
- Krugman: Lost Decade Looming?
- Financial Reform: Final Senate Vote Soon
- Market Update
- Freddie Mac: Near Record Low Mortgage Rates
- FDIC Q1 Banking Profile: 775 Problem Banks
- Philly Fed Index increases slightly in May, New orders index declines
- Weekly Initial Unemployment Claims Increase 25,000
- Summary: Busy Day
- Moody's: CRE Prices Decline 0.5% in March
- Mortgage Delinquencies by Period and by State
- FOMC Minutes: On Greece and Housing
- First American CoreLogic: House Prices Decline 0.3% in March
- MBA Q1 National Delinquency Survey Conference Call
- MBA Q1 2010: Record 14.69% of Mortgage Loans Delinquent or in Foreclosure
- CPI declines 0.1%, Core CPI Flat
- MBA: Mortgage Purchase Applications 'Plummet' to 13 Year Low
- AIA: Architecture Billings Index shows less Contraction in April
- Dollars per Euro at 4 year low
- Market Update, Euro Falls Further, Germany Bans some Short Selling
- SoCal Home Sales decline slightly Year-over-year in April
- Fed's Pianalto: "Subdued" Recovery, Unemployment Rate to decline "Gradually"
- Q1: Quarterly Housing Starts and New Home Sales
- Housing Starts increase in April
- FHA will Reduce Allowable Seller Concessions this Summer
- More on HAMP
- HAMP April data shows program slowing down
- NAHB Builder Confidence Increases in May
- Europe's Woes impacting China
- NY Fed: Manufacturing Conditions Improve, but at Slower Pace
- Sunday Night Futures
- Libor Increases, Euro Falls
- Weekly Summary and a Look Ahead
- Shiller on a Double Dip Recession
- More Accidental Landlords
- Too many homes? Build more ...
- ECB's Trichet: "Most difficult situation" since World War
- Déjà vu: From AAA to Junk
- Unofficial Problem Bank List May 14, 2010
- Daily Show: Hoarders
- Bank Failures #71 & #72: Missouri & Illinois
- Bank Failure #70: New Liberty Bank, Plymouth, Michigan
- Bank Failure #69: Satilla Community Bank, Saint Marys, Georgia
- Schwarzenegger: Eliminate Welfare and most Child Care, reduce Health Care
- California: "Absolutely terrible" budget cuts to be announced at 4 PM ET
- Euro Declines on Growth Worries
- Industrial Production, Capacity Utilization increase in April
- Retail Sales increase in April
- Unemployment: Geographic Mismatch
- Deutsche Bank CEO Expresses doubts about Greece
- Euro Bond Spreads: Impact of Policy
- LA Port Traffic in April, Exports off Slightly
- RealtyTrac: Record REOs in April, NODs Decline Sharply
- Weekly Initial Unemployment Claims at 444,000
- NY Times: The New Poor
- EU Proposes more "interdependent" economic governance
- Housing Stories and Market Update
- Ceridian-UCLA: Diesel fuel consumption index declines in April
- Rail Traffic "Recovering at moderate pace"
- Trade Deficit increases in March
- MBA: Mortgage Purchase Applications Decrease
- Shanghai Composite index Off 1%
- Jon Stewart explains Market Disruption
- Distressed Sales: Sacramento as an Example, April Update
- SEC's Shapiro on Market Disruption: "unable to point to a single event" as cause
- Senate Passes One-Time Fed Audit
- BLS: Low Labor Turnover, More Hiring in March
- Small Business Optimism Improves in April
- Small Business hiring "Bleak"
- 60 Minutes on Walking Away
- Fannie, Freddie, FHA REO Inventory Surges 22% in Q1 2010
- SEC: Exchanges agree on "structural framework" to strengthen circuit breakers
- Report: 11.2 Million U.S. Properties with Negative Equity in Q1
- Fannie Mae: $11.5 billion loss, sees no profits for "indefinite future"
- Euro Summary and Futures
- ECB To Intervene in Euro-Zone Debt Markets, Fed Re-opens Swaps
- Europe: Agreement Reached
- Europe: After Midnight, No Agreement
- Report: €560 Billion Bailout
- Weekly Summary and a Look Ahead
- Europe Update
- EU Press Briefing at Noon ET
- NY Times: 'Greek Debt Woes Ripple Outward'
- El-Erian: Europe's Critical Weekend
- Duration of Unemployment
- EU to Create Stabilization Fund, Details on Sunday
- Unofficial Problem Bank List May 7, 2010
- Bank Failures #67 & 68: Arizona and California
- Three Major Stories
- Bank Failures #65 & 66: Florida and Minnesota
- NMHC Quarterly Survey: Apartment Market Conditions Tighten
- European Liquidity Issues
- Temporary Help and Diffusion Index
- Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
- April Employment Report: 290K Jobs Added, 9.9% Unemployment Rate
- Employment Report Preview
- Market Selloff: Looking for clues
- NASDAQ to Cancel Certain Trades
- Market Update
- Dow Off 800 and Falling
- Q1 PCE Growth came from Transfer Payments and Reductions in Personal Saving
- Bernanke on Stress Tests
- Weekly Initial Unemployment Claims decline slightly
- Evening Euro
- Freddie Mac: Q1 Net Loss $6.7 billion, Asks for $10.6 billion
- Whitney: Banks Under-reserved for 'Double-dip' in House Prices
- Web Resources for tracking the Oil Spill
- ISM Non-Manufacturing Index Shows Expansion
- ADP: Private Employment increased in April
- MBA: Mortgage Purchase Applications Highest Since October
- Martin Wolf: A bail-out for Greece is just the beginning
- The 2nd Half Slowdown
- Residential Investment Components Q1 2010
- Greece Update
- Pending Home Sales increase in March
- Personal Bankruptcy Filings Up 15% Compared to April 2009
- Summary: Busy Day
- More Fed Bubble Talk in 2004
- Fed: Banks Keep Lending Standards Unchanged, Loan Demand Weakens Further
- U.S. Light Vehicle Sales 11.2 Million SAAR in April
- Q1: Office, Mall and Lodging Investment
- General Motors: Sales up 6.4% compared to April 2009
- Private Construction Spending Declines in March
- ISM Manufacturing Index Shows Expansion in April
- March Personal Income up 0.3%, Spending Increases 0.6%
- Greek Austerity: Can they do it?
- Update to Fed Rent-to-House Price Graph
- Weekly Summary and a Look Ahead
- Greece Reaches Bailout Deal
- Fed Discussed Possible Housing Bubble in 2004
- Investment Contributions to GDP: Leading and Lagging Sectors
- Freddie Mac: 90+ Day Delinquency Rate at 4.13% in March
- 96.5% of Mortgages Backed by Government entities in Q1
- Unofficial Problem Bank List hits 722
- Bank Failure #64: Frontier Bank, Everett, Washington
April 2010
- Bank Failure #63: BC National Banks, Butler, Missouri
- Bank Failure #62: Champion Bank, Creve Coeur, Missouri
- Bank Failure #61: CF Bancorp, Port Huron, Michigan
- Bank Failures #58 to 60: Puerto Rico
- Market Update, Goldman, and Housing Tax Credit expires
- Restaurant Index shows Expansion in March
- A few comments on Q1 GDP Report
- Misc: "99ers", Puerto Rico and Goldman
- Greece Agrees to Austerity Plan
- Unemployment: Many Workers exhausting all benefits
- Hotel Occupancy increases 2.4% compared to same week in 2009
- Chicago Fed: Economic Activity increased in March, Still below Trend
- Weekly Initial Unemployment Claims at 448,000
- Report: FDIC Receives Bids on Puerto Rico Banks
- How long is an "Extended Period"?
- FOMC Statement: Economic activity has continued to strengthen
- S&P Downgrades Spain, outlook negative
- Yield on Greek two-year notes increases
- MBA: Mortgage Purchase Applications Increase
- CEO: Wal-Mart's Customers "still feel the pressure"
- ATA Trucking Index increases in March
- Market Update
- Real House Prices and the Unemployment Rate
- S&P Downgrades Greece and Portugal
- Video: Goldman's Blankfein Testifies to Congress
- Case-Shiller House Prices "mixed" in February
- Morning Greece: Contagion Concerns
- Shanghai Composite index down 2.1%
- Home Tax Credit a Costly Failure
- Yield on Greek Two-Year Bonds jumps to 13.5%
- New Offering: Bullet Proof Mortgage Backed Securities
- First American CoreLogic: House Prices Decline 2.0% in February
- Q1 2010: Homeownership Rate Lowest Since Q1 2000
- Greece: 10-Year debt yield spread widens to new record
- Krugman: "Berating the Raters"
- China Real Estate
- Sunday afternoon Greece: "Most important week of Europe’s monetary union"
- Weekly Summary and a Look Ahead
- Morning Greece: Germany and France Talk Tough
- U.S. Trade: Wham-O Moves back to America
- Puerto Rico Banking News
- 'Betting Against the American Dream'
- Vehicle Sales: Fleet Turnover Ratio
- Unofficial Problem Bank List April 23, 2010
- Bank Failures #55 - 57: More Illinois
- Bank Failures #51 -54: Illinois
- Rating Agency Testimony: "Must say yes" to Wall Street
- Home Sales: Distressing Gap
- New Home Sales at 411K in March
- Greece Asks for Bailout
- Late Night Greece Update
- Senate Panel: Rating Agencies Traded Fees for Ratings
- S&P Concerned about Seasonal Adjustment for House Prices
- FHFA House Price Index Declines in February
- Hotel Occupancy increases 5.5% compared to same week in 2009
- More on Existing Home Sales and Inventory
- Existing Home Sales increase in March
- Weekly Initial Unemployment Claims at 456,000
- On Existing Home Sales
- Greece, Portugal Spread to Bunds Widen
- Distressed Sales: Sacramento as an Example, March Update
- Architecture Billings Index shows contraction in March
- MBA: Mortgage Purchase Applications Increase "Modestly"
- Shiller: "Mini-bubble" in Stock and Housing Markets
- NY Times: Up to 300,000 public school jobs could be cut
- DataQuick: Foreclosures moving to mid-to-high end
- DataQuick: California Notice of Default Filings Decline in Q1
- Philly Fed State Coincident Indicators
- DOT: Vehicle Miles Driven Decline in February
- Greece: Bond spreads widen as Bundesbank President says Greece may need more aid
- Fannie Mae updates "Waiting Period" following Pre-Foreclosure Events
- Moody's: CRE Prices Decline 2.6% in February
- More Housing Bust and Construction Employment
- The SEC and other Banks
- Goldman Sachs, the SEC and Countrywide
- Ryan Avent on the Minsky Conference and Financial Reform
- Weekly Summary and a Look Ahead
- U.K., Germany Consider Action Against Goldman Sachs
- Housing: Impact of Changes in Household Size
- Romer: Economy is "very far from normal"
- Graph and Table Archive
- Consumer Confidence, Unemployment Rate and Gasoline Prices
- Unofficial Problem Bank List hits 698
- Bank Failure #50: City Bank, Lynnwood, Washington
- Bank Failure #49: Tamalpais Bank, San Rafael, California
- Bank Failure #48: Innovative Bank, Oakland
- Bank Failures #44 - 47: Florida and Massachusetts
- Bank Failure #43: Lakeside Community Bank, Sterling Heights, Michigan
- Report: No Push to Extend Homebuyer Tax Credit
- SEC Charges Goldman Sachs with Fraud
- March State Unemployment Rates: New Record Highs in California, Florida, Georgia and Nevada
- Housing Starts mixed in March
- LA Area Port Traffic Increases in March
- WaMu Examiner Ridiculed, Called "Housing 'bubble' boy"
- Greece, Market and More
- NAHB Builder Confidence increases in April
- Hotel Occupancy increases during Easter Week
- Industrial Production, Capacity Utilization increase in March
- RealtyTrac: March Foreclosure Activity Highest on Record
- Weekly Initial Unemployment Claims Increase to 484,000
- Lawler: BoA and Chase on Second Mortgages
- Iceland Bank "Black Report"
- HAMP March Data
- Rail Traffic increases in March
- Fed's Beige Book: Economic activity increased "somewhat"
- San Diego: A "Surge" in Foreclosures
- Retail Sales increase sharply in March
- MBA: Mortgage Applications Decrease as FHA Insurance Rates Increase
- Household Debt as a Percent of GDP
- DataQuick: SoCal house sales increase in March, "propped up" with FHA-insured loans
- Kirsten Grind Blogging the WaMu Hearing
- Ceridian-UCLA: Diesel fuel consumption increases in March
- Trade Deficit increases in February
- Small Business Index Declines in March
- Report: Commuting Costs offset Lower House Prices
- WaMu Hearings Start Tomorrow
- PIMCO's Simon on a Post-Fed MBS Market
- Recession Measures
- NBER: "Premature" to Call end of Recession
- Report: Regulators failed to properly supervise WaMu
- Misc: Greece and Roubini/Richardson Proposal
- Weekly Summary and a Look Ahead
- Europe Offers Greece €30 Billion Loan
- Report: Germany Agrees to Below Market Interest Rates for Loans to Greece
- Shiller: "Don’t Bet the Farm on the Housing Recovery"
- Hamilton: "Do rising oil prices threaten the economic recovery?"
- Planet Money interview with NY Fed President Dudley
- Office Vacancy Rate hits 17.7% in San Francisco
- Unofficial Problem Bank List at 682
- FDIC Bank Failure #42: Beach First National Bank, Myrtle Beach, South Carolina
- The Housing Bust and Construction Employment
- Fannie Mae Official: Hoocoodanode?
- Bank Failures and Puerto Rico
- Bernanke: Economic Policy: Lessons from History
- Euro Bonds Spreads: Greece at Record
- Report: Distressed Home Sales Increasing
- Hotel Occupancy declines compared to same week in 2009
- Weekly Initial Unemployment Claims increase 18,000
- Report: BofA to increase Foreclosures significantly in 2010
- U.S. Births per Year
- Consumer Credit Declines in February
- Kansas City Fed's Hoenig Urges Raising Fed Funds Rate "soon"
- NY Fed's Dudley: Fed should take "proactive approach" to Asset Bubbles
- MBA: Mortgage Refinance Actvity Declines as Rates Rise
- Reis: Strip Mall Vacancy Rate Hits 10.8%, Highest since 1991
- FOMC Minutes on Housing
- CNBC's Olick: Foreclosure "Pig in the python is showing its face"
- Fed's Kocherlakota on the Economy
- BLS: Low Labor Turnover, Fewer Job Openings in February
- Morning Greece
- Apartment Vacancy Rate stays at Record Level, Rents increase Slightly
- FRBSF Economic Letter: The Housing Drag on Core Inflation
- CNBC'S Olick: Foreclosure Wave about to hit with "Thunderous roar"
- Rising Mortgage Rates: The End of the Refi mini-Boom?
- Greece Emergency Loan: Disagreement on Interest Rate
- ISM Non-Manufacturing Index Shows Expansion in March
- Reis: U.S. Office Vacancy Rate Highest Since early '90s
- Percent Job Losses During Recessions, aligned at Bottom
- Earthquake!
- Weekly Summary and a Look Ahead
- Texas and the Housing Bubble
- India: 30% Mall Vacancy Rate in Cities, Falling Rents
- Housing Starts and the Unemployment Rate
- Geithner: U.S. to Delay Currency Report
- Unofficial Problem Bank List at 683
- Unemployment Rates and Duration of Unemployment
- Daily Show: 2010 Census
- Financial Times Interview with Larry Summers
- Diffusion Index and Temporary Help
- Personal Bankruptcy Filings Surge in March
- Duration of Unemployment
- Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
- Live Chat with BLS at 9:30 AM ET
- March Employment Report: 162K Jobs Added, 9.7% Unemployment Rate
- NY Times on Wage Garnishment
- NY Times: Hu Coming to D.C. suggests possible currency deal
- Countdown: Fed MBS Purchase Program Complete
- U.S. Light Vehicle Sales 11.8 Million SAAR in March
- Hotel Occupancy Increases for 6th Straight Week
- General Motors: March sales increase 20.6% compared to March 2009
- Construction Spending Declines in February
- ISM Manufacturing Index Shows Expansion in March
- Weekly Initial Unemployment Claims Decrease
- Jim the Realtor on Short Sales: "Rampant Fraud and Deceit"
March 2010
- California Gasoline Usage declines for 4th Consecutive Year
- Fannie Mae: Delinquencies Increase in January
- Fed's Lockhart on Employment
- Restaurant Index increases in February
- MBA: Mortgage Applications Increase
- ADP: Private Employment decreased 23,000 in March
- Live Chat with BLS experts on Friday
- LA Times: 'Gated Ghetto' in SoCal
- Government Housing Support Update
- Irish banks may require up to €32 billion
- Philly Fed State Coincident Indicators
- Case-Shiller House Price Graphs for January
- Case-Shiller House Prices increase in January
- Housing: Sales activity picking up
- Ireland to Report Bank Writedowns Tuesday
- Market and Greece Update
- Residential Investment Stalled
- ATA Truck Tonnage Index declines in February
- February Personal Income Flat, Spending Increases
- Edmunds.com: Vehicle Sales driven by Incentives in March
- Weekly Summary and a Look Ahead
- Aargh! Beware of reporting on the March Employment Report
- Growth of Problem Banks (Unofficial)
- Leonhardt: "Heading Off the Next Financial Crisis"
- Fed's Tarullo Argues for Regular Stress Tests with Public Release of Results
- Morning HAMP
- Unofficial Problem Bank List increases to 684
- Bank Failure #41: Desert Hills Bank, Phoenix, Arizona
- Bank Failures #38, #39 and #40: Florida and Georgia
- More on HAMP "Improvements"
- HAMP Principal Write-downs
- Unemployment Rate Increases in 27 States in February
- Correction: Fed MBS Program: $6.075 Billion to go
- Q4 GDP Revised down to 5.6%
- Principal Reduction, Greece Bailout and Other Stories
- Treasury to Announce Updates on Housing Policy and Principal Reduction
- Countdown: Fed MBS Purchase Program
- Servicer: "You HAFA to be kidding"
- Hotel Occupancy increases compared to same week in 2009
- Bernanke: Federal Reserve's exit strategy
- Weekly Initial Unemployment Claims Decrease
- China Official: "Will not adjust exchange rate"
- Fed Vice Chairman Assigns Homework for Monetary Policymakers
- New Home Sales, Modifications, and Other News
- BofA's Principal Reduction Plan
- Home Sales: Distressing Gap
- New Home Sales at Record Low in February
- MBA: Mortgage Applications Decrease, Rates Rise
- Report: BofA to Announce Mortgage Principal Reduction Plan
- AIA: Architecture Billings Index Shows Contraction in February
- California Extends Homebuyer Tax Credit
- Fed's Yellen: Outlook for the Economy and Inflation
- HAMP applicants tanned and juiced
- More on Existing Home Sales and Inventory
- Existing Home Sales Decline in February
- Geithner on Fannie and Freddie
- The Party's Over-Ture
- Obama Adminstration to outline changes for Fannie and Freddie
- Fed's Lockhart: The U.S. Economy and Emerging Risks
- The Pressure on Malls: More Store Closings
- Moody's: CRE Prices increase 1% in January 2010
- DOT: Vehicle Miles Driven decline in January
- Chicago Fed: Economic Activity index decreased in February
- Report: China Losing Support of American Business Community
- Oil Prices and Vehicle Miles
- Weekly Summary and a Look Ahead
- I.M.F. Warns Wealthy Nations about Debt
- Phoenix Housing Market: The Rise of the Investor
- Federal Home Loan Bank sues Wall Street Banks for Billions
- Economic Outlook: Review of Possible Downside Risks to Forecast
- PIIGS Debt Coming Due
- Bank Failure Update
- Unofficial Problem Bank List increases to 653
- Bank Failures #34 through #37: Busy Day at FDIC
- Bank Failures #32 & #33: Georgia and Utah
- Bank Failure #31: American National Bank, Parma, Ohio
- Looking Ahead: 2011 Social Security Cost of Living Adjustment
- U.S. Court of Appeals Rules Fed Must Disclose Bailout Records
- Housing: Price-to-Rent Ratio
- Rents Expected to decline through 2011 in Seattle
- WSJ: Supply of Foreclosed Homes Increases
- C.A.R. Outlines Possible Criminal Penalties for Undisclosed 2nd Lien Payments
- Countdown: Fed MBS Purchase Program 99.2% Complete
- DataQuick: California Bay Area Sales decline Slightly
- Hotel Occupancy increases compared to same week in 2009
- First American CoreLogic: House Prices Decline 1.9% in January
- Banks failing to pay TARP dividends increases to 82
- Weekly Initial Unemployment Claims Decline Slightly
- Previous Business Cycle: "Bad by any measure"
- Comparing New Home Sales and Housing Starts
- REO: Agencies vs. Private Label
- Bernanke on Bank Supervision
- Squatter Stimulus: No Mortgage Payment for Three Years and Counting
- LA Times: More 'strategic defaults'
- MBA: Mortgage Applications Decrease, Mortgage Rates Fall
- Geithner, Orzag, Romer: "We do not expect substantial further declines in unemployment this year"
- Some previous FOMC forecasts
- Distressed Sales: Sacramento as an Example, February Update
- DataQuick: SoCal Home Sales up slightly in February
- FOMC Statement: Economic Activity "Continued to strengthen"
- Report: FDIC Seeking Buyers for Puerto Rican Banks
- HAMP Debt-to-income Ratios of "Permanent" Mods
- Housing Starts decline in February
- 2010: REOs or Short Sales?
- Financial Regulatory Reform Update
- Afternoon Reading: Taxes on Short Sales, More Delinquencies, TARP Fraud
- Home Builders $2.3 Billion "Gift" from Taxpayers
- NAHB Builder Confidence declines in March
- Capital One Credit Card Defaults decline, BofA defaults increase
- Industrial Production, Capacity Utilization increase slightly in February
- Krugman: "Time to take a stand" on China Currency Manipulation
- Housing Market Index, Housing Starts, Snow and Spec Homes
- Economic Outlook: Review of Possible Upside Surprises to Forecast
- Weekly Summary and a Look Ahead
- Senator Dodd's Financial Overhaul Bill to be introduced Monday
- Chinese Premier: Currency not undervalued, warns of "Double Dip" Recession
- Saturday Night Greece
- Unofficial Problem Bank List at 640
- Nearing Retirement and Unemployed or Underemployed
- IMF Official: World's Regulatory Supervision Shockingly Inadequate
- LA Area Port Traffic in February
- Report: Over 2000 Bank Enforcement Actions in 2009
- Bank Failure #29 & #30: Florida and Louisiana
- Bank Failure #28: Park Avenue Bank, New York, New York
- The Toxic Asset that Planet Money Bought
- HAMP: About One-Third of eligible Trial Mods approved for Permanent
- NPR Planet Money: "We bought a toxic asset!"
- Manufacturing and Trade Inventory-to-Sales Ratio: Inventory Adjustment Over
- Retail Sales increase in February
- Report: Obama to Nominate Janet Yellen as Fed Vice Chairman
- Examiner: Lehman used undisclosed "balance sheet manipulation"
- Bank Failure #27: LibertyPointe Bank, New York, New York
- The Countdown: Federal Reserve MBS Purchases 98.4% Complete
- Q4 2009: Mortgage Equity Withdrawal Strongly Negative
- Flow of Funds Report: Mortgage Debt Declines by $53Billion in Q4
- Hotel Occupancy and RevPAR Increase compared to same week in 2009
- Trade Deficit decreases slightly in January
- Weekly Initial Unemployment Claims: Still Suggesting Job Losses
- RealtyTrac: Foreclosure Activity Decreases Slightly
- Congressional Oversight Panel criticizes handling of GMAC
- The Next Stress Test Scenarios
- Bubbling over in China?
- Greenspan to Testify before Financial Crisis Inquiry Commission
- Rail Traffic Declines Slightly in February
- More: Short Sales and 2nd liens
- Unemployment Rate Increases in 30 States in January
- MBA: Mortgage Applications Increase Slightly
- Report: HAMP Modification Conversion Rate at about 33%
- Vacant High Rise Condo Units
- NY Fed's Sack on Communication
- WaPo on Unemployment Benefits
- BLS: Low Labor Turnover, More Job Openings in January
- NFIB: Small Business Optimism Declines in February
- Quote of the Night: Consumer Financial Protection Agency
- Stress Test Update
- Some Praise for the Fed
- NY Fed's Sack: Preparing for a Smooth (Eventual) Exit
- Employment: March Madness
- ECB's Jürgen Stark: Lost Decade Possible
- Unemployment Rate and Level of Education
- Bloomberg: Banks Face Writedowns after FDIC Auctions
- Short Sales and 2nd Liens
- Report: Fed to Keep Supervision Authority of Large Banks
- Housing: A Tale of Boom and Bust and a Puzzle
- Weekly Summary and a Look Ahead
- Graphs: Duration of Unemployment
- Shiller: Homeownership and American Culture
- Volcker on Derivatives "Abuse"
- Christopher Thornberg on Double Dip Recession
- Accidental Landlords and the Shadow Inventory
- China Central Banker on Exchange Rate Policy
- Unofficial Problem Bank List at 641 Banks
- Bank Failure #26: Centennial Bank, Ogden, Utah
- Bank Failure #24 & #25: Illinois and Maryland
- Bank Failure #23: Sun American Bank, Boca Raton, Florida
- Update on Post Bubble Real Estate Swindle in San Diego
- Frank: Fannie Freddie Investments not Risk Free, Treasury Clarifies
- Diffusion Index and Temporary Help
- Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
- Employment Report: 36K Jobs Lost, 9.7% Unemployment Rate
- Bank Failure Friday Preview
- The Very Expensive Home Buyer Tax Credit
- Fed Balance Sheet and MBS Purchases
- Freddie Mac: Mortgage Rates below 5% Again
- Hotel Occupancy Up Compared to Same Week in 2009
- Existing Home Pending Sales Index Declines 7.6%
- Weekly Initial Unemployment Claims decline to 469,000
- Greece Cuts, Germany says "no aid", IMF Next?
- Unemployment Benefits: One Month Extension of Final Date
- States: Delinquent Mortgages vs. Unemployment Rate
- Fed's Beige Book: Continued expansion, but snowstorms held back activity
- Fed's Lockhart: Incoming Data lines up with Modest Recovery Scenario
- ISM Non-Manufacturing Shows Expansion in February
- ADP: Private Employment Decreased 20,000 in February
- MBA: Mortgage Purchase Applications increase slightly
- Census 2010: Impact on Employment
- ABI: Personal Bankruptcy Filings Up 14% from February 2009
- U.S. Light Vehicle Sales 10.4 Million SAAR in February
- New Credit Suisse ARM Recast Chart
- Real Personal Income less Transfer Payments
- General Motors: February Sales increase 12% compared to Feb 2009
- FHFA Extends Refinance Program
- Summers: Blame it on the Snow
- Reports: Senate nears agreement on consumer financial protection
- Fannie, Freddie and FHA REO Inventory
- ISM and Manufacturing Employment
- Construction Spending Declines in January
- ISM Manufacturing Index Shows Expansion in February
- January Personal Income Flat, Spending Increases
- What about Financial Reform?
- Auto Sales: Blame it on the Snow and Toyota
February 2010
- Greece Bailout Plan and Further Austerity Measures moving forward
- Weekly Summary and a Look Ahead
- 1.2 Million to Lose Unemployment Benefits Today
- Fed Balance Sheet and MBS Purchases
- Daily Show on BofA's Hidden Credit Card Fees
- Living Rent Free: Homeowners become Squatters
- Growth of Problem Banks (Unofficial)
- Buffett on Housing
- Unofficial Problem Bank List increases Significantly
- Bank Failure #22: Rainier Pacific Bank, Tacoma, Washington
- Bank Failure #21: Carson River Community Bank, Carson City, Nevada
- Fannie Mae Reports $15.2 Billion Loss
- Restaurant Index declines in January
- Freddie Mac: Delinquencies Increase Sharply in January
- Tax Credits: Vehicle and Existing Home Sales
- More on Existing Home Sales
- Existing Home Sales Decline Sharply in January
- Q4 GDP Revised to 5.9%
- FDIC to Test Principal Reduction
- The Year of the Short Sale and more Foreclosure Delays
- More on Mortgage Rates and Fed MBS Purchases
- Reports on Possible Imminent Bank Failures
- Fed MBS Purchases and the Impact on Mortgage Rates
- Hotel Occupancy Up Slightly Compared to Same Week 2009
- Fed's Pianalto: "May take years to get back to 2007 level of output"
- Weekly Initial Unemployment Claims Increase to 496,000
- ATA Truck Tonnage Index increases in January
- Weather and the February Employment Report
- 97,000 Homeowners in "Loan Mod Limbo"
- Housing: The Best Leading Indicator for the Economy
- Freddie Mac: "Potential Large Wave of Foreclosures"
- New Home Sales fall to Record Low in January
- Bernanke Humphrey-Hawkins Testimony at 10 AM ET
- MBA: Mortgage Purchase Applications at Lowest Level Since May 1997
- AIA: Architecture Billings Index Shows Contraction in January
- Housing: Price-to-Rent Ratio
- Q4 Report: 11.3 Million U.S. Properties with Negative Equity
- Case Shiller House Price Graphs for December
- Shadow Rental Market Pushing down Rents
- FDIC Q4 Banking Profile: 702 Problem Banks
- Case-Shiller House Prices increase in December
- Report: State Tax Revenues decline in Q4
- Judge Accepts "Half-baked justice" in BofA-SEC Settlement
- Norris: Weather to Impact February Job Numbers
- WSJ: Treasury Considering Appeal Process for HAMP
- Survey: Short Sales Increase in January
- Moody's: CRE Prices increase 4.1% in December 2009
- Fed's Yellen: Economic Outlook and Monetary Policy
- Chicago Fed: Economic Activity Increased in January
- Sunday Night Futures
- Chief Lending Officer Pleads Guilty to Concealing Material Facts from FDIC
- Graph of Core CPI, and Cleveland Fed Measures of Inflation
- Weekly Summary and a Look Ahead
- NY Times Goodman: The New Poor
- Unofficial Problem Bank List increases to 617
- Nevada Casinos Lose $6.7 Billion in 2009
- German Finance Minister: No Concrete Plan to Aid Greece
- FDIC Bank Failure Update
- Study: Mods just Delay Foreclosures, 6.1 Million to Lose Homes
- Deconstructing the House
- Bank Failures #19 and #20: Illinois and California
- Bank Failure #18: La Coste National Bank, La Coste, Texas
- Bank Failure #17 in 2010: Marco Community Bank, Marco Island, Florida
- Man in Foreclosure Bulldozes Home, More Housing Bailout and Market
- DOT: Vehicle Miles Driven unchanged in December
- Mortgage Delinquencies by Period
- MBA Q4 National Delinquency Survey Conference Call
- MBA: 14.05 Percent of Mortgage Loans in Foreclosure or Delinquent in Q4
- Core Inflation Declines for the first time since 1982
- Elizabeth Warren on CRE
- Fed MBS Purchase Program almost 96% Complete
- Fed's Lockhart: The Economic Outlook: A Tale of Two Narratives
- Fed Raises Discount Rate to 0.75% from 0.50%
- Short Sales Increasing
- Hotel RevPAR Off 6.9%
- First American CoreLogic: House Prices Decline in December
- Philly Fed Index Shows Expansion in February
- Weekly Initial Unemployment Claims Increase to 473,000
- Report: Treasury Secretary to Chair Systemic Risk Council
- Q4: Quarterly Housing Starts and New Home Sales
- HAMP: 116,000 Permanent Mods, Over 1,000 Permanent Mods Cancelled
- FOMC Minutes: Expect "slow improvement in the labor market"
- Housing Starts, Vacant Units and the Unemployment Rate
- Industrial Production, Capacity Utilization Increase in January
- Housing Starts increase Slightly in January
- MBA: Mortgage Purchase Applications Decline
- LA Area Port Traffic in January
- TransUnion: Mortgage Delinquencies at All Time High
- CNBC's Olick: Treasury Concerned about Next Wave of Foreclosures
- Distressed Sales: Sacramento as an Example
- NAHB Builder Confidence Increases Slightly, Still Very Depressed
- Capital One Credit Card Charge-Offs Increase to 10.41%
- NY Fed: Manufacturing Conditions Improve in February
- Housing Reports: Another Wave of Distressed Sales
- Juncker: Greece has March 16 Deadline to Show Progress
- Predictions on Mortgage Rates after the Fed Stops Buying
- Labor Underutilization Rate by Household Income
- Some Morning Greece
- NY Times: Worries Grow as Government Housing Support "Winds Down"
- Retail Vacancy Rate: "Improvement by Subtraction"
- Five Million Workers to Exhaust Unemployment Benefits by June
- Housing Market Index, Housing Starts and the Expiring Tax Credit
- Weekly Summary and a Look Ahead
- Greece: Detailed Action Expected
- Report: Half of Mortgages are at Rates above 6 Percent
- Wall Street and Greece Debt
- Simon Johnson on Greece
- States: Send Money!
- Unofficial Problem Bank List at 605
- Global Concerns and Summary
- Greece Still Slippery
- FDIC Responds to "Blatantly False" Video
- Moody's: CMBS Delinquency-Rate Increases Sharply
- China Stimulus: High Speed Rail
- Inventory Cycle and GDP
- China Tightens and Europe Slows
- Retail Sales increase 0.5% in January
- New Jersey: State of Fiscal Emergency
- Short Sales: Arm’s Length Transactions
- Fed MBS Purchase Program 95% Complete
- Citi's Deed-in-Lieu Program, COP Report on CRE, and Greece
- Hotel RevPAR Off 5.6 Percent
- Obama Forecast: 95,000 Jobs per Month in 2010, Unemployment rate at 10%
- Weekly Initial Unemployment Claims Decrease to 440,000
- RealtyTrac: Foreclosures Decline in January, Surge Expected over Next Few Months
- D.C. Closed Again on Thursday, California Tax Receipts Increase
- Greece is the Word
- New Index based on Diesel Fuel Consumption data Declines in January
- Freddie Mac to Buy Out Seriously Delinquent Loans
- Bernanke: Federal Reserve's exit strategy
- Trade Deficit increases to $40.2 Billion in December
- MBA: Mortgage Purchase Applications Decline, Rates Fall below 5.0%
- Rail Traffic Flat in January Compared to 2009
- More Greece, Revised Economic Release Schedule
- It's Pig'd!
- CBRE: Retail Cap Rates Increase Sharply in Q4
- Report: Euro Zone Agrees to Help Greece
- BLS: Few Job Openings in December
- NFIB: Small Business Owners Report "shortage of customers"
- D.C. Closed Again on Tuesday and Euro Perspective
- Greek Finance Minister: Call for help "worst possible signal"
- Party Like it's 1999
- Spanish, Portuguese CDS spreads Hit New Records
- Fitch: Prime Jumbo RMBS Approach 10% Delinquent
- El Erian: Greece a "game of chicken"
- Sunday Night Futures
- New Housing Bubble in Canada?
- Bad News for Bears (humor)
- Weekly Summary and a Look Ahead
- Harney: "Cash-in" Refis
- Some Excerpts from Comedy Session at AEA Annual Meeting
- Paying Credit Cards before Mortgage
- Construction Employment Outlook
- Jobs and the Unemployment Rate
- Eurozone Update
- Unofficial Problem Bank List increases to 605
- Mortgage Bankers Association Half Off Sale
- Bank Failure #16: 1st American State Bank of Minnesota, Hancock, Minnesota
- Consumer Credit Declines for Record 11th Straight Month
- Employment Diffusion Index
- Unemployed over 26 Weeks and Seasonal Adjustment
- Employment-Population Ratio, Part Time Workers, Temporary Workers
- Employment Report: 20K Jobs Lost, 9.7% Unemployment Rate
- Late Night Futures
- Short Sales: The Negotiator
- Market Update
- Employment Report Preview
- Hotel Occupancy Up Slightly from Same Week in 2009
- More European Sovereign Debt Woes
- Weekly Initial Unemployment Claims Increase to 480,000
- Daily Show: Toyotathon of Death
- Obama Vows to Address Yuan Exchange Rate Issue
- LPS: Mortgage Delinquencies Reach 10%
- Housing Stock and Flow
- MBA: Mortgage Applications Increase to mid-December Levels
- ISM Non-Manufacturing Shows Slight Expansion in January
- ADP: Private Employment Decreased 22,000 in January
- NMHC Quarterly Apartment Survey: Occupancy Continues to Decline, but Pace Slows
- NYTimes: More Homeowners Just Walk Away
- ABI: Personal Bankruptcy Filings Up 15% from January 2009
- U.S. Light Vehicle Sales 10.8 Million SAAR in January
- D.R. Horton Conference Call on Housing Market
- Ford: January sales rise 25% Compared to 2009
- Q4: Homeownership Rate Declines to Early 2000 Level
- FHA to Pay Out Claims on 25% of 2007 and 2008 Loans
- "Short Sales Soar"
- Obama Administration Unemployment Forecast
- Residential Investment Components in Q4
- Fed: Banks Cease Tightening Standards, Loan Demand Weakens Further
- Q4: Office, Mall and Lodging Investment
- Construction Spending Declines in December
- ISM Manufacturing Index Shows Expansion in January
- December PCE and Saving Rate
- Next Stimulus: $100 Billion
January 2010
- Is this really "Walking Away"?
- Weekly Summary and a Look Ahead
- TARP Inspector General: Government Programs "risk re-inflating bubble"
- Volcker: "How to Reform Our Financial System"
- Daily Show: CNBC Financial Advice
- FDIC Bank Failure Update
- Summers: "Statistical recovery and a human recession"
- Investment Contributions to GDP: Leading and Lagging
- NPR: To Stay Or Walk Away
- Unofficial Problem Bank List increases to 599
- Bank Failure #15: American Marine Bank, Bainbridge Island, Washington
- Bank Failure #14: First Regional Bank, Los Angeles, California
- Bank Failure #13 in 2010: Community Bank and Trust, Cornelia, Georgia
- Bank Failures #10 to #12: Georgia, Florida, and Minnesota
- Market Update
- Real GDP: Declines from Prior Peak
- Restaurant Index Improves in December
- A Few Comments on Q4 GDP Report
- BEA: GDP Increases at 5.7% Annual Rate in Q4
- Fed MBS Purchases by Week
- Recourse: One of the Dangers of "Walking Away"
- Fannie Mae: Delinquencies Increase Sharply in November
- Treasury Releases new Guidance for HAMP
- Hotel RevPAR off 10.3%
- Freddie Mac: Delinquencies Increase Sharply in December
- Chicago Fed: Economic Activity Moved Lower in December
- Weekly Initial Unemployment Claims: 470,000
- Jon Stewart: Obama takes on Bankers
- President Obama: SOTU Address at 9 PM ET
- Unemployment Rate and Presidential Disapproval
- DataQuick on California: Record Notices of Default filed in 2009
- FOMC Statement: No Change
- One-month Treasury Bill Rates turn Negative
- More on New Home Sales and the FOMC Statement
- New Home Sales Decline Sharply in December
- MBA: Mortgage Applications Decline
- Existing Home Inventory: A long way from Normal
- BofA signs up for HAMP Second Lien Program
- NY Times: AIG Hearing Preview
- Oil Prices and China
- Case Shiller House Price Seasonal Adjustment
- Case Shiller House Prices Increase Slightly in November
- ATA Truck Tonnage Index Increases in December
- Obama to Propose Partial 3 Year Budget Freeze
- Fed MBS Purchase Program 92% Complete
- CRE and Moral and Social Constraints to Strategic Defaults
- More on Existing Home Sales
- Existing Home Sales decline Sharply in December
- Stuyvesant Town turned over to Creditors
- Financial Times: 'Bankers to lobby for softer reforms'
- More on Q4 GDP Forecasts
- Weekly Summary and a Look Ahead
- CRE in SoCal: Vacancy Rates Up, Rents Fall
- Jon Stewart on Cramer's Tuesday Market Prediction
- Senators "confident" Bernanke will be confirmed
- Update on Residential Investment
- More on Bernanke
- On Bernanke's Reconfirmation
- Unofficial Problem Bank Lists Increases to 584
- Bank Failures #8 & #9: Evergreen Bank, Seattle, Washington and Columbia River Bank, The Dalles, Oregon
- Bank Failure #7: Charter Bank, Santa Fe, New Mexico
- Bank Failure #6: Bank of Leeton, Leeton, Missouri
- Bank Failure #5 in 2010: Premier American Bank, Miami, Florida
- Real House Prices, Price-to-Rent Ratio
- First American CoreLogic: House Prices Decline in November
- Hotel RevPAR off 16.7% in 2009
- Unemployment Rate Increased in 43 States in December
- ABC News: Senate leadership uncertain if enough votes to re-confirm Bernanke
- HAMP Changes Coming
- More on Falling Apartment Rents and Rising Vacancy Rates
- Rents Fall to 3 1/2 Year Low in Orange County
- Banks Paying Property Taxes and more on Short Sale Fraud
- Obama Proposes new Bank Rules on Size and Trading
- Philly Fed Index Shows Expansion in January
- Weekly Initial Unemployment Claims Increase
- Obama to Propose New Bank Rules
- China Grows at 10.7% Year over Year
- Housing Starts, Vacant Units and the Unemployment Rate
- Wells Fargo on Interest Rate Risk
- DOT: Vehicle Miles increase slightly in November
- Moody's: CRE Prices Increase 1.0% in November, Expect further declines
- MBA: Mortgage Applications Increase Slightly, Rates Fall
- Housing Starts Decline in December
- Investors Flipping Out
- NY Times: FHA Expected to Announce New Standards Wednesday
- Bernanke Asks for GAO review of AIG Aid
- Short Sale 'Fraud', SoCal Home Sales, FHA to Tighten Standards
- AIA: Architecture Billings Index Shows Contraction in December
- NAHB: Builder Confidence Declines in January
- NY Budget "Slashes services, Raises fees"
- Citigroup: Fourth Quarter Net Loss of $7.6 Billion
- CRE: Sign of the Times
- Jim the Realtor: Monument to Excess
- Illinois: "state of insolvency"
- More Hotels Opening in 2010
- Oil Prices and Domestic Petroleum Exploration and Wells Investment
- Principal Reduction and Walking Away
- Report: Wall St. Considers Constitutional Challenge to Responsibility Fee
- NAHB Housing Market Index and Housing Starts
- Weekly Summary and a Look Ahead
- Mortgage Lenders Working Around New 'Good Faith Estimate' Rules
- Colbert: Honor Bound
- Still More Hotels Being Completed During Slump
- Krugman: Curb your enthusiasm
- Q4 GDP: Beware the Blip
- "FCIC Interviewing the Wrong People"
- HUD Changes FHA Rule for Flipping
- Treasury: No Further HAMP Extensions
- Unofficial Problem Bank List Increases to 582
- Bank Failure #4 in 2010: Barnes Banking Company, Kaysville, Utah
- Bank Failures 2&3 for 2010: Illinois & Minnesota
- Short Sale Fraud, BofA 2010 Foreclosure Forecast, and more HAMP
- HAMP: 66,465 Permanent Mods
- JPMorgan on Modifications
- Industrial Production, Capacity Utilization Increase in December
- CPI, Rents and Real Earnings
- Krugman: Bankers Without a Clue
- Manhattan Apartment Rents Decline 9.4%
- LA Area Port Traffic in December
- Hotel RevPAR off 10.4 Percent
- Proposed "Financial Crisis Responsibility Fee"
- Modification Horror Stories
- Retail Sales decline slightly in December
- Weekly Initial Unemployment Claims
- RealtyTrac: 2009 was Record Year for Foreclosure Filings
- Jon Stewart on Wall Street Bonuses
- S&P Downgrades California
- 2009 GDP: Britain: Worst decline in 88 Years, Germany: Worst Since WWII
- Rail Traffic in 2009: Lowest since at least 1988
- City Budgets under Stress
- MBA: Mortgage Purchase Applications Flat
- Financial Crisis Inquiry Commission Hearings Start Tomorrow
- More on Option ARMs
- HUD Probes FHA Lenders
- Option ARM Recast Update
- China Increases Bank Reserve Requirements
- BLS: Near Record Low Job Openings in November
- Trade Deficit Increases in November
- The Depression of 1948?
- CRE: "Almost FREE"
- Distressed Sales: Sacramento as an Example
- Fed Economic Letter: "Global Household Leverage, House Prices, and Consumption"
- Bubbles and Employment
- Fitch: U.S. CMBS Delinquencies up; Peak Not Until 2012
- First Foreclosure in Dubai
- Fed's Bullard: Focus on Quantitative Monetary Policy
- Update on "Foreclosureville, U.S.A."
- Fed MBS Purchases: 90% Complete
- Weekly Summary and a Look Ahead
- China's Exports Increase, Possible Renminbi Appreciation Seen in 2010
- Fed's Rosengren Expects Mortgage Rates to Rise up to 75bps
- Daily Show: Moment of Zen
- Haves and Have Nots
- HAMP Loan Modifications and the Fifth Amendment
- Labor Force Participation Rate
- Eurozone Unemployment also at 10%
- Late Night Jim the Realtor
- Bank Failure #1: Horizon Bank, Bellingham, Washington
- Unofficial Problem Bank List increases to 576
- Treasury: HAMP 2nd Lien Program is "moving forward", and more
- Consumer Credit Declines for Record 10th Straight Month
- FDIC Sells Equity interest in $1 Billion in CRE Loans
- Unemployed over 26 Weeks, Diffusion Index, Seasonal Retail Hiring
- Employment-Population Ratio, Part Time Workers, Temporary Workers
- Employment Report: 85K Jobs Lost, 10% Unemployment Rate
- Reis: U.S. Office Vacancy Rate Hits 15 Year High at 17 Percent
- More Worries about end of Fed MBS Purchase Program
- Fed, FDIC, other Regulators Issue Interest Rate Risk Advisory
- NY Times: "Walk Away From Your Mortgage!"
- Hotels: RevPAR Increases in Final Week of 2009
- Apartment Vacancy Rate Highest on Record, Rents Plunge
- Weekly Initial Unemployment Claims
- Report: HAMP Second Lien Modification Program “On Hold”
- CRE and CMBS
- New Research on Mortgage Modifications and Principal Reduction
- FOMC Minutes: Expect Slow Economic Recovery
- More on State Budget Woes
- ISM Non-Manufacturing Shows Slight Expansion in December
- MBA: Mortgage Purchase Applications Lowest in 12 Years
- ADP: Private Employment Decreased 84,000 in December
- Reis: Strip Mall Vacancy Rate Hits 10.6%, Highest on Record
- Leonhardt: Bernanke Should Discuss Fed Failures
- Pimco's Gross on Fed MBS Purchases
- U.S. Light Vehicle Sales 11.25 Million SAAR in December
- Iceland President Refuses to Sign Bill to Compensate UK Investors
- Ford: December U.S. Sales up 32.8% Compared to 2008
- Pending Home Sales Decrease Sharply
- Personal Bankruptcy Filings Increase Sharply in 2009
- Krugman: 30% to 40% Chance of 2010 Recession
- Unofficial Problem Bank List Change Summary
- Oil Prices Push Above $81 per Barrel
- Employment Week: Census and ISM
- Fed's Duke on Economic Outlook
- Construction Spending Declines in November
- ISM Manufacturing Index shows Expansion in December
- California to "aggressively seek new federal assistance"
- Krugman: Beware the Blip
- PIMCO's McCulley: Three Major Issues for 2010
- What Bernanke Didn't Say
- Weekly Summary and a Look Ahead
- Unofficial Problem Bank List Increases to 575
- Tourists in Foreclosureville
- Cash Buyers Competing with First Time Home Buyers
- Krugman: CRISES
- 2010 Real Estate: Year of Auction or Short Sale?
- More Retail Vacancies Expected in 2010
- More Lost Decade
- HAMP Seen Hurting Housing
- WSJ: Five Key Housing Issues
- Impact of Census on Employment and Unemployment Rate
- Chicago PMI revised down, Treasury makes final TARP Bank Investments
- Happy New Year
- Jim the Realtor: One Million is the new Two Million