The Mortgage Bankers Association released their numbers for delinquencies on home loans at the end of the third quarter. The group reported that "the delinquency rate for mortgage loans on one-to-four-unit residential properties stood…
As late in the game as it may be, Paulson began to address bringing down mortgage interest rates for new home buyers by suggesting the Fannie Mae (FNM) and Freddie Mach (FRE) could be…
Now that the Fed, Treasury, and Congress have set up plans to bailout everything from banks to car companies to bicycle shops, Treasury Secretary Henry Paulson has decided to turn his attention to the…
It has been repeated ad nauseam. Housing has to be fixed before the credit markets and banks can recover. Housing has to be fixed so that people who are hard-working souls won’t be thrown…
Existing-home sales for October resumed falling and the median prices showed the largest drop on record. Existing home sales fell to 4.98 million annualized, lower than estimates of 5.0 to 5.13 million.
USG Corporation (NYSE: USG) shares are surging this morning. The sheet rock and building products company has reported that it has entered into an agreement to sell a total of $400 million of 10…
Fannie Mae (FNM) and Freddie Mac (FRE) announced that they will suspend foreclosures of occupied homes until early 2009. That appears to be an excellent way to stop the increase in evictions and bring…
If you wanted help from the oil front, the help you have sought has come and may be a curse. Forget oil close to $150.00 per barrel and forget whatever T. Boone Pickens tells…
This morning we got mixed news on the economy. The good news is that the prices you are paying for goods is not as bad as in prior months when energy was through the…
There are many bad things that can go wrong at public companies. Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) have both seen their share of EVERYTHING go wrong. And the good news…
The National Association of Home Builders index for November is yet another record low. This drop was into single-digit territory with the index falling to 9, under the low of 14 put from last…
Hank Paulson and FDIC chief Sheila Bair got into a fight over how the $700 billion bailout package should be used. Congress had a ring side seat. A little color from MarketWatch: "The root…
The first reaction a lot of investors would have to Home Depot’s (HD) results is that they are bad. Very bad. The earnings beat Wall St. forecasts, but the firm’s comments about the future…
The Home Depot, Inc. (NYSE: HD) is set to report earnings on Tuesday morning before the open. This comes on the heels of its smaller rival Lowe’s Companies Inc. (NYSE: LOW), which is trading…
The major car companies have been offering zero percent financing on most of their models for several months now. That deal even applies to seven-year loans. It may have stimulated sales. In a bad…