From the latimes.com: Reporting from Washington— The regulator over Fannie Mae and Freddie Mac pushed back against mounting pressure that the mortgage finance giants start reducing the principal owed on troubled loans, insisting the practice could hurt taxpayers and...
Do you get the feeling that this guy had a desired outcome, and just lined up his ideas? From Time: While experts continue to warn that housing has not yet hit bottom, a slew of indicators suggest otherwise. The latest is a stellar quarterly earnings report from Home...
From HW: The government's program to turn foreclosed Fannie Mae, Freddie Mac and FHA properties into rentals "is here to stay," according to housing analysts at Morgan Stanley. One of the greatest effects of it, the bank's analysts say, is job creation, with the...
Click here: Realtor survey - scroll down to page 14 for comments from agents about the market. Here are the garphs from page 10 - the realtors surveyed say that most homes sold have languished on the market for more than three months - which shows how bad realtors...
The N.A.R. released their exact mis-remembering of home sales data over the last few years: They appear to be paranoid that their reputation might be slipping, because they added this gem: Home buyers and sellers will not be affected by any revisions to NAR's...
From the sddt.com: The nation’s economy is five years into a 10-year recovery cycle, according to Douglas Duncan, Fannie Mae chief economist and vice president. National housing prices have another 3 percent left to fall, excluding distressed sales, and could fall...
People have been sending in the links to the story about the NAR sales recount. http://www.cnbc.com/id/45659547 NAR has always been irrelevant, and will always be - they are a joke. They don't do a hard count of the actual sales; instead, they estimate the sales...
From HW: Four years after the housing bust, researchers at the Federal Reserve Bank of New York are putting some of the blame on real estate speculators, saying they played a key role in blowing up the housing bubble that eventually popped, causing home prices to...
This guy has intriguing evidence, but his reasons are just ivory-tower guesses. Hat tip to DB for sending this along from businessinsider.com: Barclays analyst Stephen Kim is becoming increasingly convinced that the housing market is near a bottom and that it will...
David Blitzer and his crooked bow tie make the usual psycho-babble comments on CNBC: http://www.cnbc.com/id/45475582 "Consumer attitudes have gotten a lot more negative about long-term commitments, and the No. 1 long-term commitment most people in this country made is...
