Foreclosures May Be Unstoppable
Every problem is supposed to have a solution, no matter how difficult. The rising number of foreclosures and the falling prices of homes should be arrested by plans from the government and large banks…
Housing
All Housing Articles
Newest first · Page 209Government To Offer Major Changes To Some Mortgages, Unemployment Becomes The Enemy
In a move that could create a bottom for the housing market by the middle of next year, the government is taking unprecedented steps to keep people in their homes. "We need to stop…
Fannie Mae And Freddie Mac: Cases For And Against Housing Recovery
The head of Toll Brothers (TOL) said the housing market could not get worse, but it has anyway. People were not even bothering to come and see the homes his company builds. Those comments…
The Mortgage Salvation Plan Spreads (JPM)(C)(WFC)(BAC)
Ben Bernanke and Henry Paulson may be holding guns to the heads of major banks to get them to "reset" the mortgages of troubled homeowners, or the generous spirit of the holidays may have…
The Brilliance Of The JP Morgan (JPM) Mortgage Salvation Plan
Congress does not like the way that most bailout money is going to banks. It wants to see the little guy with the underwater mortgage and stagnant income get some direct help. Federal agencies…
Toll Files To Raise Cash (TOL)
Did you think you would see a home builder file an open shelf registration statement to raise cash in the current market or in the state of housing and the economy today? Toll Brothers…
Does The National Association Of Realtors Own Washington?
Congress is working overtime to try to pump oxygen into the deflated real estate market, and I’ve been wondering why for quite some time. If real estate prices fall, a first-time home buyer can…
Housing Starts Tank
According to The Wall Street Journal, "Home construction took its third tumble in a row during September, falling to the lowest level in 17 years, and a sign points to further decline in the…
For $700 Billion, The Little Guy With A House Gets Nada
Congress has built all kinds of protections into the $700 billion bailout to keep the average citizen from having to foot the bill. If assets sold to the Treasury by financial companies have not…
KB Home Shows Poor Housing To Continue (KBH)
KB Home (NYSE: KBH) is showing that the housing mess isn’t over. No one was expecting anything great, but the beatings are continuing. Revenue fell 56% to $681.6 million, and housing revenues were down…
Saving The Economy Fighting Door-To-Door
The populist notion that has come out during the current Capitol Hill hearings on the Paulson plan is that part of the $700 billion rescue package should go directly to the homeowners who are…
Uncle Sam Wants To Own Your Bank, And Your House
The latest in a very long list of government proposals to save the world is the most radical. Congress would create a mechanism to sweep the so-called toxic assets of banks, brokers, and insurance…
Attacking The Wrong Problem: Huge Help For Banks, Nothing For Mortgages
The Fed and a number of other large central banks will put $180 billion into the markets to improve liquidity. Policy makers “continue to work together closely and will take appropriate steps to address…
Housing Starts Versus AIG: Aiming At The Wrong Target
Leaving aside the fact that the federal government has a nearly endless supply of money, especially if the Chinese continue to buy its bonds, the capital being pushed into the market is going to…
Downgrading the Homebuilders (DHI, KBH, PHM, TOL)
Credit Suisse has decided that something is a amiss in the housing sector this morning and cut the ratings on the group. They are listed below. DR Horton (DHI) Cut to Neutral. KB Home…