The Office of the Comptroller of the Currency issues a quarterly report that shows the rate at which people with mortgage loan modifications default on those loans. The rate changes from period to period,…
If you have had a home for sale on the market for a while, you have probably had to get used to the notion that you have either cut the selling price or that…
The stock market did not fall apart at the seams, but it did very poorly on news that existing home sales dropped last month by 2.7% to a rate of 5.1 million. That was…
Investing in mortgages might not be as bad as many thought. Chimera Investment Corporation (NYSE: CIM) has already raised more capital on more than one occasion since coming public in 2007 when the mortgage…
Moody’s (MCO) forecasts that some home prices may not return to their pre-recession levels until 2030. This means that hundreds of thousands of Americans may find it impossible to sell their houses without making payments…
CNBC’s Becky Quick interviewed Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) at a very unusual venue this morning…. Fortune’s Most Powerful Womenconference. The mainstay part of the discussion was the ‘one-year later after” that…
Martha Stewart Living Omnimedia Inc. (NYSE: MSO) has a new exclusive product lineup partner. We still want to know where Martha will end up after the K-Mart deal she has with Sears Holdings (NASDAQ:…
Meredith Whitney has come out with some key takes this morning that may be raining on the bull’s parade. For starters, Whitney was just named as the #39on the list of Fortune’s 50 Most…
The carefully watched monthly RealtyTrac data on foreclosures was released earlier today and it paints a picture of a national foreclosure situation that is not improving and is not likely to improve until a…
The Administration’s plan to help modify millions of mortgages to keep “worthy” homeowners in their houses is not working. A Treasury Department report shows that 360,165 people had their monthly payments reduced through August.…
Fannie Mae (NYSE: FNM) made an announcement that the troubled mortgage giant and GSE received notice yesterday from the New York Stock Exchange that it has regained compliance with the NYSE’s minimum price standard…
Warren Buffett is positioning Berkshire Hathaway Inc. (NYSE: BRK-A) to profit when the housing and property market returns to more normal levels. Now, he is teaming up with what many investors consider a “Buffett…
This morning’s July data for existing home sales, or used homes, posted another gain and this makes it the fourth consecutive month, according to the National Association of Realtors. This created more excitement in…
No one was particularly surprised that the Mortgage Bankers Association’s National Delinquency Survey showed defaults reaching record levels. The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate…
The Home Depot, Inc. (NYSE: HD) is set to report earnings tomorrow morning and it may have just caught a break now that Lowe’s Companies Inc. (NYSE: LOW) missed its earnings and has seen…