The Ten Housing Markets That Will Collapse This Year
The real estate market is already in the deepest depression in modern U.S. history. If you think it can’t get any worse, think again. In several cities, the real estate market is about to…
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Newest first · Page 184How AIG’s Suit on BofA Matters (AIG, BAC, GS, JPM, C, HBAN, RF)
Bank of America Corporation (NYSE: BAC) has rapidly turned into a runaway train. The latest suit from American International Group, Inc. (NYSE: AIG) for $10 billion for its massive mortgage fraud is just the…
Ten Signs The Double-Dip Recession Has Begun
Today’s news on GDP shows the double dip has arrived–an expansion of only 1.3% and consumer spending up .1% in the second quarter. Astonishingly low by any account.. The debt ceiling trouble and lack…
Foreclosure Rates Improve, For The Time Being
Foreclosure rates improved in the first half of the year in most large American cities. It is hardly a headline worth writing as the situation is about to take a sharp turn for the…
Taking Solar Installations to New Homes in Texas (LEN, WEST)
Westinghouse Solar, Inc. (NASDAQ: WEST), also called Akeena Solar, is getting a major boost this morning due to a supply contract for Lennar Corporation (NYSE: LEN). The designer and manufacturer of solar power systems…
Apollo’s New IPO: New MBS REIT (AMTG, APO)
We have a new mortgage Real estate investment trust coming on the market. Apollo Residential Mortgage, Inc. (NYSE: AMTG) is coming public after pricing its initial public offering of 10,000,000 shares at $20.00 per…
Housing: One Step Forward, Two Steps Back
It has been only 24 hours since the Commerce Department said new home sales and permits reached multi-month highs. The elation over that ended suddenly as the National Association of Realtors reported that existing…
At $20 Pricing, Zillow IPO Creates Another Valuation Hat Trick (Z)
Zillow, Inc. (NASDAQ: Z) has managed to price its IPO even above a raised price target range. The online real estate operator took the Web 2.0 model by only selling 3,462,000 shares of Class…
Counter-Take: Should Housing Really Be Recovering Yet? (ITB, XHB, KBH, HOV, DRI, LEN, TOL)
This week is starting to look a bit different for housing and homebuilders and it is a serious matter in considering that the news of the world and the less recent housing data may…
Housing Takes A U-Turn: New Starts Higher
The housing market may be showing signs of life. New construction of U.S. houses surged in June to its highest level in five months, the Commerce Department reported this morning. Starts moved 14.6% higher…
U.S. Default Twist, Reward Overshadowed By Risk in Mortgage REITs (HTS, CMO, NLY, CIM, ANH, MFA, REM)
The world of Mortgage REITs offers massive yields for income investors. There is a big caveat here. It offers massive yields, until it doesn’t… then you don’t want to be around this sector. Over…
MGIC Struggles for Viability & Relevance (MTG, PMI, MBI)
MGIC Investment Corporation (NYSE: MTG) is one of the troubled mortgage insurers which we routinely worry about for both viability and relevance. This morning’s earnings report does nothing to ease those fears. The company…
Many ETFs and Mutual Funds at Risk over Chinese Bank Stock Holdings (FXI, GXC, PGJ, MCHFX, FHKAX, TCWAX)
Estimates of the amount of Chinese bank lending total nearly $7.5 trillion. Of that total about 30%, or $2.2 trillion, has been lent through a central government program that puts enormous amounts of money…
Your Mortgage Refinance Opportunities May Be Quickly Going Away
It was back in mid-May that we issued a call to arms for Americans to look into refinancing their mortgages if they missed the boat in 2010. At the time, mortgage rates were under…
Zillow Sets IPO Terms, Online Real Estate Bonanza (Z)
Zillow Inc. has now set preliminary terms for its initial public offering. The initial filing came in mid-April and that filing was for up to $51.75 million in proceeds and at that point we…