BloombergTreasury Yield Close to Record Low on Europe Debt CrisisBloombergTreasury 10-year yields, the benchmark for everything from corporate bonds to mortgages, were four basis points from the record low as Europe's fiscal crisis drove demand for…
UPI.comForeclosure Activity Falls to Lowest Since Summer of 2007CNBC.comForeclosure filings, which include default notices, scheduled auctions and bank repossessions, fell 5 percent in April from March, according to a new report from RealtyTrac, and ar…
e-wisdom.comMortgage Delinquencies DeclineWall Street JournalBy NICK TIMIRAOS The percentage of homeowners delinquent on their mortgages in the first quarter fell to the lowest level since the end of 2008, but the share of loans in the foreclosure proc…
Central Planning has crippled the real estate market to “save” their core constituency, the banks.
If you were head of Central Planning (howdy, Ben!) and were tasked with crippling the real estate market, here’s what you would recommend.
1. C…
Jan 9 (Reuters) – The Federal Reserve has launched a potentially controversial push to revive the battered U.S. housing market, calling on other government officials to act after largely exhausting its own tools to support the fragile economic recovery…
It just does nt stop….
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Federal judge Jed Rakoff, a former prosecutor with the U.S. Attorney’s office here in New York, is fast becoming a sort of legal hero of our time. He showed that again yesterday when he shat all over the SEC’s latest dirty settlement with serial…
Three years since the collapse of Lehman Brothers, we’re not any closer to purging the rot at the heart of our financial-regulatory complex. Last December, Bank of America agreed to pay $1.35 billion to Freddie Mac for nearly 800,000 faulty mortgage…
10.9 million homeowners have mortgages underwater according to a new report by CoreLogic.
In Q2, 22.5% of all residential properties with a mortgage are in negative equity i.e. owe more on their mortgages than their home. Just slightly lower than 22….
Report: Bank of America job cuts may hit 40,000
Boston Business Journal by Tim McLaughlin
Date: Friday, September 9, 2011, 7:00am EDT
BAC reeling from concerns over the size of its liability from troubled mortgages, has discussed cutting up to 40,00…