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News Archives
December 2007
Monday Dec 31, 2007
Defaults on insured mortgages at record high
Reuters
Illinois Median Sale Price Off 3.0% at $193000
RisMedia.com (press release), CT
You Can’t Drive Your House to Work
Minyanville.com, New York
Inland Empire near top of foreclosure list
(Southern California)
San Bernardino Sun, CA
New-home sales rate hits 12-year low
Inman.com, CA
Daytona Beach, FL median home
price sinks to $188K!
"Existing home sales and prices in the
Daytona Beach area continued their downward spiral in November, with
the median price skidding 9 percent from the same period last year to
$188,700, the Florida Association of Realtors reported today...
Area home sales, prices sink again in November
Daytona Beach News-Journal, FL
Don't Expect a Housing Bottom Until Late 2009?
Seeking Alpha, NY
US November Existing-Home Sales Probably Matched Record Low
Bloomberg
Economists: Foreclosures, falling home prices could lead to recession
Foster's Daily Democrat, NH
Friday Dec 28, 2007
San Diego leads in home price
declines for October
San Diego's home prices tumbled more in October than those in any
major metropolitan area in the nation, according to a report released
Wednesday.
Local monthly home price decline most severe in nation
North County Times, CA
Drop in Housing Prices Hits Metro Atlanta
Black Enterprise, NY
 |
Defaults moving beyond sub-prime
Los Angeles Times, CA She said she didn’t fully understand the loan terms when she refinanced her San Diego condominium 15 months ago with an option ARM. ... |
|
Housing crisis casts a wide economic net
St. Louis Post-Dispatch, United States |
Waves of US foreclosures pound shores worldwide
Washington Times, DC
Mass. home sales sink further
Cape Cod Times, MA
The median value of a single-family home was $330000
in November, down 2.9 percent from the same month last year. The
median condo price in the state ...
Mortgage Meltdown, Phase 2
Free Internet Press, NY
Mortgage rates climb
Pittsburgh Tribune-Review, PA
 Earthtimes |
Subprime Saga : To Be Continued In 2008
Forbes, NY "It ain't over 'til it's over," a wise man said, and he might as well have been talking about the subprime crunch, which seems destined to depress financial ... |
 |
The Cold Truth: Home Prices Must Fall
25% - 30% Everywhere! "There are "experts" out there who once preached that there was no bubble; they now preach that all real estate is local and that prices in your neighborhood won't be affected by foreclosures and price declines elsewhere. The cold, hard truth is that foreclosures are serving only to hasten the painful process of shifting housing prices back to a level the market can sustain. Prices must and will fall. Everywhere. Probably 25% to 30% from their peak. How to survive the bust ...Los Angeles Times, CA |
 |
Deflation Nightmares: Lower Prices Scare Off Consumers
Lew Rockwell, CA As Friedman pointed out, "For one thing, we’re hoping to sustain the housing bubble, asset-price bubble, and any other bubbles that we can invoke through ... |
 |
Midwest housing crash
Columbus Dispatch, OH |
Thur Dec 27, 2007
Denmark Bank predicts Ron Paul presidency, US depression
USA Daily
Ron Paul has been critical of the Federal Reserve and
has blamed the Federal Reserve for causing the real estate bubble and
crash. ...
Decline in US home prices deepening across the country
Minneapolis Star Tribune, MN
Pain Street USA: '08 housing outlook
CNNMoney.com
The United States is deep in its worst housing slump
since the Great Depression, and according to a new report, it's not
going to ...
US home prices fall at record pace
Los Angeles Times, CA
Foreclosed homes hold the tales of desperate lives
Washington Times, DC
Tampa Home Price Fall Among US Biggest
Tampa Tribune, FL
US home prices fall 10 straight months
Bizjournals.com, NC
Subprime Crisis Hits Holidays
NPR
Edgy buyers, mortgage crunch spell more housing gloom in 2008
marketwatch.com
Biggest Housebuilder Writedowns Are Yet to Come
bloomberg.com
Wed Dec 26, 2007
US Economy: Home Prices Declined at Faster Pace (Update1)
Bloomberg
Recession to hit California
first!
"California is for sure going to experience a recession," said Esmael
Adibi, director of the Anderson Center for Economic Research at
Chapman University...
Calif.'s Housing, Credit Crises Raise Fears Of State Recession
CNNMoney.com
Mortgage mess tops 2007 housing topics
Mortage 101
 |
Reeling market taught homeowners hard lessons
EmeraldCoast.com, FL "The slumping real estate market of 2007 took a dramatic toll on sellers, buyers and everyone in between. ... |
Home Prices Plummet: No Pain, No Gain?
CNBC, NJ
Falling prices will only add to the foreclosure
crisis, making it impossible for some folks to get out of mortgages
they can’t afford, because they won’t be ...
Housing bailout designed to avoid lawsuits but won't
Reuters
Crisis may make 1929 look a 'walk in the park'
telegraph.co.uk
The
Sound of a Bubble Bursting
nytimes.com
Sacramento median asking price
plunges $27,000 in last 2 months!
HousingTracker.net: Median Home Asking Price & Inventory Data for
Sacramento, California
Housing Tracker
 CNBC |
Monday Dec 24, 2007
Federal measures will not reverse housing slump
Asbury Park Press, NJ
LA median price
sinks $70K year over year!
California median sinks by $66K
"In Los
Angeles County, the state's biggest market, the median price of a
previously owned house dropped in November to $520,960 from $590,790 a
year earlier, the report said. Sales fell 36.5 percent...
"Statewide, the median price sank to $488,640 from $554,500 a
year earlier...
Median home price down 12% in one year
Long Beach Press-Telegram, CA
On The Night Before Christmas, All Through the House...
Oops We Just Lost the House!
Huffington Post, NY
Overall East Bay home sales down 36-50 percent year to year
Bizjournals.com, NC
The median home price for Solano last month was
$375550, down 14.8 percent from $441000 in November 2006. In the
nine-county Bay Area, 5127 homes sold in ...
When the Real Estate Market Will Rebound Is Anybody’s Guess
“I think 2008 will be the worst year,” said Palacios. “’07 was bad,
very bad, but ’08 is going to be worse.”
Palacios predicts the residential slowdown will begin to
gradually improve in 2009. He also sees median prices continuing to
fall through 2010, flatten in 2011 and rebound in 2012....
San Diego Business Journal, CA
Foreclosing on Christmas
Los Angeles Times, CA
The four family members are trying to save their Boyle
Heights home from foreclosure. "It doesn't feel like Christmas," Maria
Debora said in Spanish on a
 |
Real Estate: Housing Headaches Here To Stay
Worcester Business Journal, MA Real estate has perhaps been one of the gloomiest sectors this year: The industry has faced declining prices, increased foreclosure rates and homes that sit ... |
Friday Dec 21, 2007
Subprime bailouts are the last thing we need
New Hampshire Business Review, NH
Charting the housing bubble
"What the chart shows is that this decade
we’ve had a national housing bubble that is somewhat bigger than the
bubble in LA in the late 1980s — a bubble that was followed by a 20%
drop in nominal home prices, and a 30% fall in real prices....
New York Times Blogs, NY
Housing woes seen leading to manufacturing recession next year
MarketWatch
By Shawn Langlois, MarketWatch SAN FRANCISCO
(MarketWatch) -- The housing collapse will continue to roil the US
manufacturing sector through next year ...
Companies evicted amid housing slump
Daily Pilot, CA
The recent housing market rut, he said, had led to a
rise in eviction notices. “Because of the slump in housing and loans
being readjusted, there’s more now
2008 not so great, says builders' economist
Inman.com (subscription), CA
Mortgage fees get more expensive
Scripps News, DC
The companies say they introduced the new charges to
compensate for the risks inherent in guaranteeing mortgages in an era
when house prices are declining, ...
Death to the Fed! A Ron Paul manifesto
Salon
Ron Paul says flat out: Let's abolish the Federal
Reserve and return to a currency based on some "stable commodity,"
like gold or silver. ...
Time To Buy? Not So Fast
seekingalpha.com
Truth of the 10 Percent Southern CA Price Drop
DR.housingbubble.com
Foreclosure mess will get worse (NH)
New Hampshire Business
Review, NH
The foreclosure situation in New Hampshire will get
worse before it gets better, with about 6000 state families facing the
possibility of losing their home
Amazing New Ron
Paul Video:
Abolish the IRS, Abolish the Federal Reserve,
End the War: Vote Ron Paul in '08!
..
Thursday Dec 20, 2007
American Homeowners Still Having Trouble With Mortgage Payments
WBKO, KY
 MSNBC |
Americans: The
Debt Slaves
Slavery was outlawed in the United States. But many people don't
realize that debt slavery is alive and not so well today.
What do I mean by debt slavery? Let me give you three examples....
Mortgage and credit card debt relief:
Do you really have to pay all your bills?
American Chronicle, CA
NC home foreclosures up 143%
Bizjournals.com, NC
Mortgage Rates Rise While Application Activity Plummets
MortgageNewsDaily.com, AZ
 |
 |
Housing Trouble Spills Over into Commercial Real Estate
Voice of San Diego, CA The slump that has plagued the San Diego County housing market is beginning to show on the commercial side. The trouble defies the industry ... |
Taxpayers Shouldn't Be Held Liable For Bad Decisions By Borrowers,
Lenders
theOneRepublic, CA
 CNBC |
 Washington Post |
Reverse mortgage threatens family's home
9NEWS.com, CO
The Problem of Artificially Inflated House Prices
Conde Nast Portfolio, NY
Wed Dec 19, 2007
SoCal home price
decline sets another record:
Median sinks back to March 2005 level!
...November home sales in Southern California posted a
two-decade low for the month, while the median home price fell 10.3
percent from a year earlier, a record year-over-year decline, a report
released on Tuesday said....
Southern California home prices tumble in November
Reuters
Ameriquest caught ripping-off consumers!
“We caught Ameriquest ripping off thousands of Michigan consumers,”
Ross said. “This settlement represents a big win for Michigan
consumers.”
$14 million awarded to Mighigan borrowers in Ameriquest settlement
Livingston Daily, MI
Fed's lending proposals too late to save homes
SiliconValley.com, CA
US Foreclosures Rose 68 Percent in November, RealtyTrac Says
Bloomberg
Nevada Leads In Foreclosures – and Rescue Scams
Consumer Affairs
With Nevada leading the nation in the rate of
foreclosures, that state’s attorney general is cautioning consumers
about an alarming incrase in foreclosure scams
Gov. Schwarzenegger to Discuss Help for Homeowners Facing Foreclosure
NewsBlaze, CA
Ventura County, CA see median home price fall by $56K
since last year!
...Ventura County's median price fell to $521,250 in November,
a 9.7 percent drop from $577,500 last year, according to the La
Jolla-based real estate information service. The median is the
midpoint, where half the homes sold for more and half for less....
Home sales tumble 27.9 percent
Ventura County Star, CA
Home prices in San Bernardino / Riverside, CA
continue plunge!
San Bernardino County home prices fell by 13.2 percent in November,
according to DataQuick Information Services, but that wasn't the worst
report for Inland Empire sellers
No, Riverside County prices fell even more, dropping 16.5 percent from
November 2006 to the same month in 2007.
Home prices dropping
Inland Valley Daily Bulletin, CA
Mass. house, condo sales plunge in November
...Meanwhile, the median price of homes sold
in the state also continued to decline, falling 5.8 percent to
$295,000 from $313,000 in November 2006....
Providence Business News, RI
A Look at Past U.S. Home Price Corrections
eFinance Directory
Tuesday Dec 18, 2007
Fed tightens up lending rules
CNNMoney.com
|
MSNBC |
Housing slump might usher in recession
MSNBC What worries industry watchers the most, however, is the possibility that the housing troubles will plunge the economy into a recession. |
Congress Quits Without Action, Leaves Foreclosure Tsunami Rising
Everywhere
Executive Intelligence Review (EIR), VA
 |
(San Diego) Housing Market Falls 10
Percent In November
KGTV, 10News.com, CA SAN DIEGO -- The median price of a home in San Diego County fell nearly 10 percent in November, compared to the same time last year, according to figures ... |
Ron Paul is now the GOP frontrunner
USA Daily
Mass. home sales hit 16-year low
Bizjournals.com, NC
The median price for single-family homes in November
dropped 5.8 percent from $313000 in 2006 to $295000 this year,
according to TWG's method of calculating ...
Home prices
continue plunge in San Fran,
San Jose, Sunnyvale, Santa Clara, CA
"There were 61 homes sold during the month,
compared to 278 in the same period last year. The median price was
$647,000, down from $709,950 in October 2006.
In the San Francisco, San Mateo, Redwood City area, sales were down
75.8 percent, from 157 to 38. The median price was $659,000, compared
to last year's $750,000."
October home sales down 78% in valley Silicon Valley / San Jose ...
Bizjournals.com, NC
BUFFALO, NY MEDIAN HOME PRICE
SINKS TO $89k
"And the median price of all transactions dropped below
$100,000 last month for the first time since February. November's
median was $89,900. (A median is a midpoint, with half of all prices
being higher and half being lower.)"
Home sales set record, but prices drop
Bizjournals.com, NC
 Sabah |
Housing Starts in US Probably Fell to 14-Year Low in November
Bloomberg Work began on 1.176 million houses at an annual pace, down 4.3 percent from October, according to the median estimate of 70 economists surveyed by Bloomberg ... |
Renters facing eviction as foreclosures rise
Winknews.com, Florida
The collapse of the modern day banking system
Online Journal, FL
Riverside, CA
median asking price plunges $25K in
last 2 months!
HousingTracker.net: Median Home Asking Price & Inventory Data for
Riverside, California
Housing Tracker
San Diego median
asking price takes another
$28,000 dip since October!
HousingTracker.net: Median Home Asking Price & Inventory Data for San
Diego, California
Housing Tracker
Housing prices dip this year in NH, Maine
Housing sale prices have been falling this year in parts of New
Hampshire and Maine....
Foster's Daily Democrat, NH
Subprime loan "mods" still fall short-Moody's
Reuters
 |
When Mortgages Made Sense
Newsweek |
Monday Dec 17, 2007
Experts: Housing slump may trigger recession
Cherry Hill Courier Post, NJ
Ron Paul breaks
one-day fundraising record with Tea Party!
Arlington (VA) and San Antonio
(TX) - The Ron Paul campaign has done it again, bringing in their
second and largest ever "Money Bomb" via Internet donations. On
November 5, 2007, in honor of the anniversary of Guy Fawkes Day, some
Ron Paul supporters unaffiliated with the Ron Paul 2008 campaign
decided to give Ron Paul a monetary boost.
Ron Paul hauls in $6 million in one day via Internet
TG Daily
|
Fannie: Home prices to sink 4-5% in '08
CNNMoney.com
NEW YORK (CNNMoney.com) -- Average home prices will
decline another 4 to 5 percent in 2008, according to Fannie Mae
Chief Executive Dan Mudd. ...
Housing prices dip this year in NH, Maine
Foster's Daily Democrat, NH
By 2005, the median home price was more than triple
the median family income of $68000. The pace of sales is down by
more than 25 percent since peaking in ...
A Tale of 5 Cities: Not All Bubbles Burst at the Same Time
DrHousingBubble
House Prices Continue To Fall In Property Market Downturn
MyFox Chicago, IL
Banks aren't buying it: optimism fading on housing-head hunters
seeking "foreclosure specialists"
OpEdNews, PA
Delaware real estate market hits wall as home prices slide
The News Journal, DE
Beware of home sellers' freebies
MarketWatch
Greenspan Spins the Housing Bubble
TPMCafe, NY
Ron Paul Proven Right Again
Lew Rockwell, CA
Ron has been right in all he has warned about the
dangerous Federal Reserve, and the reckless fractional-reserve banking
system. Have they created a second ...
Welcome to the Global Recession
Sunday Dec 16, 2007 (Ron Paul Tea Party Day!)
Ron Paul on pace to raise over 7million today
"Ron Paul’s campaign has incredible popular
support as he continues with his campaign theme of peace, freedom, and
prosperity. Paul has had harsh words for the Federal Reserve and the
housing crash that was created as a result of loose monetary policy
and excessive
government
spending."
USA Daily
Watch the Tea Party Graph Live Now
RON PAUL = No More Federal Reserve
Housing Crash Deepens in 2008 as US Realtors See Record Drop
Bloomberg
Median home prices declined in the US this year, the
first annual drop since the Great Depression, according to forecasts
from the National Association of ...
 CNNMoney.com |
Builders' lobbyist: We made too many homes
CNNMoney.com Baker expects a flood of foreclosures and even a recession at some point next year. "The only way they [new home sales and building] normalize next summer ... |
Bush lets banks write rules for mortgage relief
Workers World
Families fearing loss of homes seek lender help
DetNews.com, MI
Home interest rate freeze solves little
DetNews.com, MI
US mortgage rates move up
MarketWatch
 |
Countrywide Subpoenaed by Illinois Attorney General
The Consumerist, NY "This company's conduct is a prime example of unscrupulous mortgage brokers that has led to a foreclosure crisis for many Illinois homeowners," Ms. Madigan ... |
Home mortgage bailout more political expediency than viable solution
Stockton Record, CA
Mortgage crisis inflicts collateral damage
MSNBC
Housing Market's Credit Crisis Raises Worries in Higher Education
Chronicle of Higher Education
Colorado foreclosures set record in '07
Aspen Times, CO
 |
Odds Of US Recession Rising - Greenspan
RTT News, NY Most economists are concerned that a severe slump in the housing market, worsening credit market crisis and turbulence on Wall Street are endangering the ... |
Median cost takes dive in home resales (AZ)
Arizona Republic, AZ
Median prices fell to their lowest level in 2½ years
as the number of housing resales slowed to a crawl in November. The
median price in the Phoenix area
Fitch analyst sees 40 pct chance of US recession
Reuters
"Our judgment is that it's hard to see the slowdown
we've seen in the housing sector won't spill over in a more
powerful way to consumer and domestic demand ...
 Turkish Press |
Bank of America Sees Bigger Writedowns
Motley Fool "However, we are closely watching the impact on consumers of the housing recession, higher energy costs and subprime loans." |
MD. Housing Woes to Persist
Motley Fool
Dallas-Fort Worth sellers trim home prices in hopes of landing a
winter sale
Dallas Morning News, TX
Thursday Dec 13, 2007
Home resales, median prices down in Phoenix area
Bizjournals.com, NC
Foreclosure crunch hits home in Stockton (CA)
Los Angeles Times, CA
Central banks coordinate actions amid fears of a global financial
breakdown!
World Socialist Web Site, MI
The Latest Federal Rate Cut - Another Attempt to Bolster the Real
Estate Market
American Chronicle, CA
US crisis sends British housing market sliding
Arizona Republic, AZ
Toledo housing market continues to decline
13abc.com, OH
THE MOTHER OF ALL BAD IDEAS
"Without question,
the Bush administration's mortgage rescue plan will exacerbate, not
alleviate, the problems in the housing market....
Free Market News Network, FL
 CNBC |
China central bank chief says hopes US will not overreact on
subprime
Forbes, NY XIANGHE, China (XFN-ASIA) - China's central bank chief Zhou Xiaochuan said he hopes the US has a quick but correct response to the subprime lending crisis, ... |
SUBPRIME TODAY US foreclosures jumped in November
MarketWatch
How the Housing Bubble Turned Bust
Elliott Wave, GA
Wed Dec 12, 2007
Fed Lowers Rate by a Quarter Point to 4.25 Percent
Bloomberg
Kerch: Rate cut won't help housing market
MarketWatch
The "Fed will cut" interest rates today. But
MarketWatch real estate editor Steve Kerch says interest rates aren't
the problem. Interest rates are low and
Fannie Mae Raises Home Price Decline Forecast to 5%
Bloomberg
Home sales, prices fall in Ulster, Orange, Sullivan
(NY)
Times Herald-Record, NY
Foreclosure crisis moving into mid-Hudson market
Times Herald-Record, NY
Washington Mutual to close Watsonville home loan center
Santa Cruz Sentinel, CA
 |
Ron Paul's YouTube rants about Bernanke grab attention
USA Today ... have headlines such as "Free Market Smackdown" "Ron Paul Speaks to Legalized Plunder by Moneyed Monster: FED" or "Ron Paul Ownz the Federal Reserve. ... |
Ron Paul’s Liberty Amendment would create ‘Income Tax Free’ America
USA Daily
Tuesday Dec 11, 2007
San Diego County's Median Home Price Falls In November
"The San Diego Association of Realtors said
the median price of a detached home dropped to $529,000 last month.
That's a slight drop from October, but its down more than five percent
from November 2006"
NBC Sandiego.com, CA
13 reasons Bush's bailout won't stop recession
MarketWatch
 Providence Business News |
RI home prices fall to 2-year low in October
Providence Business News, RI By Kevin Shalvey BOSTON – The median price for single-family homes sold in Rhode Island fell to $236000 during October, the lowest since at least January ... |
Bear Stearns Mortgage Unit Accused of Predatory Loan Servicing
Bloomberg
Ron Paul blames Federal Reserve for housing collapse,
takes swipe at Clinton
"Ron Paul has long predicted this type of crisis would result from
federal interventions into the housing market and excessively
low
interest
rates," said Ron Paul
2008 campaign chairman Kent Snyder. "Only Dr. Paul has the expertise
to explain why we must reject further political intervention into the
housing market, such as that advocated by Hillary Clinton."
USA Daily
Home Foreclosures Could Affect Property-Tax Revenue
NBC 11.com, CA
Property Tax Deadline Puts A Pinch On Homeowners
CBS 5, CA
Mortgage crisis rivals S&L meltdown
Denver Post, CO
Miami median
asking price drops another $20k
in last 2 months, median now down 14.3% in past year!
HousingTracker.net: Median Home Asking Price & Inventory Data for
Miami, Florida
Housing Tracker
Subprime Troubles in US continue to affect finance companies - S&P
CNNMoney.com
 BBC News |
Area home prices take big dive in November
Charleston Post Courier, SC
Monday Dec 10, 2007
Housing Recession
to last another 2 - 4 years!
New home prices last month fell 13% from year-earlier levels, the
biggest drop since 1970, while the median price of existing homes
dropped 5.1%, ...
"Housing
is not in a slump, but in a deepening recession that has at least
another two to four years to run; it's also in the midst of a serious
readjustment of prices."
Ominous Signs on the Housing Front
New York Sun, NY
 Turkish Press |
Housing: a crisis with staying power
Christian Science Monitor, MA
Kickback scheme costs builders $6.4 million
SignOnSanDiego.com
 |
Credit Card Debt Another Symptom of the Mortgage Crisis
The inability to keep up with rising mortgage payments is causing consumers to take more desperate measures, including using plastic .. KCBS, CA |
Santa's bag of home equity filled with coal
SignOnSanDiego.com
Interest rate 'freeze' - the real story is fraud
SFGate.com
Home prices down, mortgage troubles up locally
(Seattle)
Seattle Post Intelligencer
Don't forget: Today is property tax deadline
San Bernardino Sun, CA
The True Cost of the Mortgage Bailout
TheStreet.com
Mortgage Industry Insider Says the Mortgage Mess is Far Far Worse
than you suppose
OpEdNews, PA
The Teaser Freezer verse the Housing Market Meltdown
TPMCafe, NY
 |
Even Hot Housing Markets Can Go Cold
BusinessWeek |
Slowing US economy inflicts pain around the world
USA Today
Single Family Home Prices Fall for First Time Since 1994
"Global Insight, the
world's leading
company for economic and financial analysis and forecasting, today
released
the third quarter 2007 update of House Prices in America, the U.S.
housing-valuation analysis, showing that prices for single-family
homes
declined for the first time since 1994, with California, Florida and
Michigan
accounting for the steepest losses. Prices fell at a 1% annualized
rate during
the quarter, though they were still up 1.8% year-over-year."
Reuters
Home prices may bottom in 2010: Pimco
Reuters
US home prices may fall as much as 30 percent from the
market's peak and likely won't trough until 2009 to 2010, according to
Mark Kiesel, ...
Friday Dec 7, 2007
 |
Mortgage relief program a slap in the face to some
Los Angeles Times, CA |
Why Bush's Mortgage "Freeze" Won't Work
Bits of News
Home prices may see 3-year fall: M. Stanley
"There is a "substantial" risk that U.S.
home prices will slide for the next three years or more, in a downturn
that could be unlike anything seen before on a national level, Morgan
Stanley said on Thursday in a report."
biz.yahoo
Toll Reports First Quarterly Net Loss in Two Decades
Bloomberg
 |
Mortgage Plan Doesn't Break arms
WXIA-TV, GA |
Homeowner equity dips
money.cnn
Collapse of California’s housing market reveals underlying social
inequality
World Socialist Web Site, MI
 |
In Downtown, Foreclosure Tugs on Prices
Voice of San Diego, CA |
The subprime mess is just the beginning of the credit crunch.
Slate
 |
Trader, real estate agent: two faces of US subprime crisis
Turkish Press, MI The other switched sales jobs to the housing market. Both are among the thousands of Americans whose jobs have been swallowed up in the widening US subprime ... |
Why Home Prices Are Important To the US Economy
Seeking Alpha, NY
Thursday Dec 6, 2007
Fannie Mae expects credit losses to worsen in 2008, sees house prices
falling sharply
cbs4denver.com, CO
Lenders Agree To Freeze Rates On Some Loans
Free Internet Press, NY
Betting Against Subprime
Gold Seek
Specifically, Congressman (Ron)
Paul pointed out the 1% federal funds rates that followed the
September 11th attacks as evidence of the Federal Reserve distorting
...
GOP wary of Bush's rate freeze
Washington Times, DC
Housing to slump thru 2009, prices to fall 30 pct: Moodys.com
Reuters
 |
The missing link in the mortgage mess: courts, bankers and real
estate broker collusion
Bay Area Indymedia, CA |
BOE Faces `Cliffhanger' Rate Decision as House Prices Drop
(UK)
Bloomberg
Wary Of Risk, Bankers Sold Shaky Mortgage Debt
Free Internet Press, NY
Pound Slumps to Four-Year Low Against Euro as House Prices Fall
(UK)
Bloomberg
Many homes lost to abuse of equity
Winston-Salem Journal, NC
Banks just can't wait to lend money to some borrowers
Detroit Free Press, United States
Wednesday Dec 5, 2007
Bush plan will freeze subprime rates for 5 years
CNNMoney.com
Bill Coming Due on Sinking Home Equity
Biz.Yahoo
Roadblock to a subprime solution
money.cnn
Clinton blames Wall Street for subprime mess
MSNBC
The Injustice of "Doing Something" about Subprime
American Chronicle, CA
Consumer bankruptcies on the rise
CNNMoney.com
New Survey Says One-Third of U.S. Home Loans Are Delinquent
EFinanceDirectory
 |
From $2 Million To Foreclosure On An Ameriquest Subprime
Mortgage
The Consumerist, NY Frances Joy Taylor had had about $2 million in assets, which she intended to leave to her church, before she met a businessman named Tyrone Dash. ... |
Mortgage fraud scheme: How it worked
Sikeston Standard Democrat, MO
Ohio home prices
sink back to 2005 levels
"The median price for an existing home
plunged by a record 5.1 percent in October, shrinking values back to
March 2005 levels, as many buyers struggled to get financing, the
National Association of Realtors said Wednesday."
Home sales down in Scioto Valley; sale prices also lower than last
year
Chillicothe Gazette, OH
San Diego median
asking price down
$25,000 in 2 months
HousingTracker.net: Median Home Asking Price & Inventory Data for San
Diego, California
Housing Tracker
Tuesday Dec 4, 2007
Housing Bubbles, Credit Crunches and the Broken American Dream
Denver Post, CO
Fed Looks Slow Down Foreclosures, Freeze Interests
CBS 4, FL
Mortgage solution may be no solution
Northwest Herald, IL
Price Declines Portend Extended Downturn
seekingalpha.com
 Sabah |
Housing is heading for foreclosure crisis
Beaufort Gazette, SC
Housing Slump's Third Year to Be Deepest Since WWII
Bloomberg.com
Woman makes payments, but faces foreclosure
"Knowles can't understand how she is losing
her home despite making mortgage payments of $812.90 to Litton
Mortgage every month. Knowles' certified bank statement shows the
checks were cashed, but the company says she defaulted."
Tampa Bay's 10, FL
Lee housing gloom 'scary' for economy
The News-Press, FL
Mass. foreclosure deeds nearly triple since
Providence Business News, RI
Cape sales prices drop in November
"The median sale price in November was $330,000.
In the past 12 months, only May had a lower median value, at $325,000.
At the same time last year, the median sale price was $355,000."
Cape Cod Times, MA
Materials costs ease in wake of housing collapse
Twin Cities Finance and Commerce, MN
As prices slide, owners fret (FL)
SPTimes
Low interest rates, falling prices boost home sales (1:39 pm)
Stockton Record, CA
Homeowners in debt, seniors prime targets of riskiest loans (WA)
SeattleTimes
What are some of the guidelines for purchasing HUD foreclosures?
RisMedia.com (press release), CT
Some homeowners hit another dead-end in housing slump (CA)
pe.com
Middle Class Swindled In Subprime Boom
CBS News, NY
Monday Dec 3, 2007
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Stop banks from taking our homes!
Workers World Some Detroit neighborhoods had foreclosure rates of 17 percent. The mayors’ conference was closed to the public but open to the banks and financial ... |
Falling Home Prices to Break Back of US Economy, Mayors Concerned
theTrumpet.com, OK
What Spaghetti Can Teach Us About the Housing Market and Economy
SavingAdvice.com, WA
Lowest prices, lowest sales
TheNewsTribune.com (subscription), WA
White House studies home-loan modification plan
USA Today
Stock analysts say mortgage plan only delays pain
Reuters
Fed: Economy loses speed, shopping slows
Pioneer Times-Journal, NM
The median price of a home sold last month declined to
$207800, a drop of 5.1 percent from a year ago. It was the biggest
annual decline on record. ...
US foreclosure filings nearly double
Chandler News-Dispatch, MN
US Expands Scrutiny of Home Lenders
Wall Street Journal
Spike in needy pets attributed to foreclosures
Chronicle-Telegram, OH
Lenders to get
fined for not maintaining foreclosed homes?
Lenders being held accountable for the look of foreclosed properties
Press-Enterprise, CA
Evidence Builds for US Recession in 2008 - 2009
RightSide Advisors, CA
Upscale House
Prices Are Going Down
abcnews.go.com
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