Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Posts Tagged ‘ Lenders ’
Tour of a Neighborhood Destroyed by Subprime Lending
Rosa O'Neil would like to know what happened to her neighbors. Over the past decade she's watched as people she's lived next to for decades, disappear one by one, until she lives nearly alone on her Irvington, New Jersey street.
Subprime lending w...
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Italy next week
Some stories in European press (La Stampa - Zero Hedge link) suggest that Italy is working on a very big loan package from the IMF. I have no doubt that there are ongoing discussions. There has to be. Either someone puts a finger in the dike or Italy ...
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MILLIONS of Homes Lurk on Bank Inventories
MIAMI — Officially, there are 3.5 million homes for sale nationwide. But there are millions more lurking in the shadows — hidden neatly away on banks' balance sheets, stalled in foreclosure court proceedings or simply occupied by nonpaying owner...
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First Houses, Now Cars: "Please take the damn thing!"
We saw it with homes, especially condos, now we see refusal of lenders to take possession of cars and boats following bankruptcy.
Please consider My lender refuses to repossess my car
Dear Bankruptcy Adviser,
I was forced to file Chapter 7 bankrup...
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Moody’s Warns Student Loans May Be The Next Financial Bubble To Burst
Moody's Warns Student Loans May Be The Next Financial Bubble To Burst
First Posted: 8/9/11 06:25 PM ET Updated: 8/9/11 06:37 PM ET
WASHINGTON -- Record borrowing by college students who are graduating without jobs may lead to the next financial cri...
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Markets Face Collapse If No QE3
Markets face collapse if Fed doesn't pass QE3 - analyst, Thomson Reuters: Reuters Insider
http://insider.thomsonreuters.com/link.html?cn=uidTWEMEA&cid=248350&shareToken=MzoxMGNhZWE5Yi1kNWY3LTRmYWUtYTA0OS1mNDkxZjMwMTkyOWI%
3D&start=0&end=266
Also, Chr...
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The Secret Way to Profit from the U.S. Debt to China
Perhaps the biggest reason our country is facing a contentious debt-ceiling debate is because of the massive U.S. debt to China.
It's easy to forget that China is the world's largest buyer of U.S. Treasuries and it has as much to lose in this high-stakes game of...
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Forbes Heirs Nearly Bankrupted Forbes Media
Hmmm. Maybe I shouldn't be reading Forbes magazine for financial advice.....
Forbes Media recently found itself in technical default, and while the situation has improved, the company is not out of the woods yet. Fortune obtained the financial record...
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Lenders Must Reveal Reasons for Rejection
Lenders Must Reveal Reasons for Rejection
NEW YORK (LowCards.com) -- Starting tomorrow, consumers will get an explanation when they don't get the best interest rate or are turned down on a student loan, automobile loan or credit card application.
Th...
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What Should Greece Do?
Global Economic Intersection article of the week Editor's Note: We all know the story: Greece has been living beyond its means for more than a decade. As a consequence, it is running out of money. And as Econintersect's Dr. Elliott R. Morss has documented in an earlier piece, Greece has entered into an unemployment-generating...
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Elizabeth Warren
An Agency Builder, but Not Yet Its Leader
By EDWARD WYATT
Published: July 4, 2011
WASHINGTON — It is conventional wisdom in this town that the first director of the new Consumer Financial Protection Bureau will be anyone but Elizabeth Warren.
In...
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Can’t pay the mortgage? Maybe the bank will pay you to leave
t's the kind of news that seems to defy all logic we've ever been taught about financial responsibilities and rights in the real estate world. Now, says the Financial Times, banks are considering paying cash-strapped "homeowners" to vacate foreclosed...
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Insights Into Strategic Defaulters
Interesting to note that strategic defaulters generally have good FICO scores, pay their bills on time and have very little credit card debt....
A new study sheds additional light on the issue of "strategic defaults" in America, offering further insi...
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Fed aims at mortgage fraud, shoots housing market in the gut
The problem with mortgage fraud wasn't broker compensation: it was the ease of the fraud and the incentives throughout the food chain for collusion. New Fed rules simply wipe out competitors to the "too big to fail" mortgage banks.
Why are we not ...
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Tokyo’s Property Collapse-Morgan Stanley leaves keys
Leading Investment Banking firm demonstrates that walking away makes sense!
The value of Tokyo’s properties has fallen well below that of the debt, analysts and sources said, raising the prospect that the funds will fail to repay or refinance the l...
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You Call It Inflation; I Call It Theft
Inflation is deceitful and ineffective. It swindles savers, fleeces lenders, pumps taxes higher and triggers malinvestment. It doesn’t reduce unemployment; it whittles away your wage. Nor does inflation promote exports, but it does make internatio...
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More Americans Are Renting
When the lenders foreclose on your house and you're turfed out of the place, makes sense that you're gonna rent a place to live. After all, it might be a tad difficult to get a mortgage on another home....
U.S. apartment vacancies fell to a two-year ...
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2011: Delinquencies and Distressed house sales
My guess is the overall delinquency rate has peaked, although I expect the delinquency rate to stay elevated.
http://www.calculatedriskblog.com/2011/01/question-3-for-2011-delinquencies-and.
html
Distressed house sales: Foreclosure activity is very h...
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"Financial literacy won’t fix everything"
Financial literacy won't fix everything
On Wednesday December 8, 2010, 11:50 am EST
By Linda Stern
WASHINGTON (Reuters) - Financial literacy has become a huge catchphrase -- the one idea upon which consumer advocates and bankers, borrowers and lender...
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Putting Money on Lawsuits, Investors Share in the Payouts
Putting Money on Lawsuits, Investors Share in the Payouts
Large banks, hedge funds and private investors hungry for new and lucrative opportunities are bankrolling other people’s lawsuits, pumping hundreds of millions of dollars into medical malprac...
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Home Prices Fall in Half of U.S. Cities
Safe to say that the housing bust isn't over....
Home prices fell in half of U.S. cities in the third quarter as banks stepped up repossessions of properties in default.
The median price of a single-family home dropped in 76 of 155 metropolitan are...
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Dead In The Water – Professional Edition Housing Update
This report updates the monthly Zillow housing data, and the weekly unemployment claims and mortgage applications index. The Zillow data for June shows the final effects of the April buying panic as the house purchase tax credit expired. Next month’s data should reflect the subsequent collapse that has been showing up in other indicators....
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Much Ado About Reserve Growth
Critics of the Fed have expressed concern about the inflationary implications of the huge expansion of the Fed’s balance sheet, particularly excess reserves. The reserve bulge was created when the Fed expanded the alphabet soup programs in 2008. At the same time the Fed began paying interest on reserves, paying 1%, which was .75%...
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Spending a buck while making 65 cents – Professional Edition
The 4 week bill auction was again very strong, signaling no diminution of strong buying interest from FCBs and others. So the game can go on. It had better. The Treasury released its monthly statement for June late yesterday and it revealed that revenues covered only 70% of outlays, continuing a weakening trend that...
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Structural Changes in Banking
The H3 data from the Fed gives some startling evidence as to the degree of financial deleveraging that occurred during the Panic. Without doubt banks and lenders must have sold a boatload of securities at what were probably distressed prices during this period. To the Fed? To vultures? And for what purpose? to prepare...
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