subprime: Real Estate: Where's The Bottom? - 05/06/08 03:49 AM
In recent months, the US real estate market has seen its fair share of turbulent weather as house prices continue to fall. While the Federal Reserve has taken significant steps towards making lending cheaper, interest rates remain artificially high as the troubled financial sector continues record write-downs. So far, only a … (2 comments)
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subprime: Commodities Stoke Inflation Fears - 05/02/08 04:07 AM
On April 30th, the Federal Reserve announced a cut in their main interest rate by 25 basis points, to 2% from 2.25%. This is the seventh such cut by the US central bank since the beginning of the credit crunch some eight months ago, totaling 3.25% in cuts to the key … (1 comments)
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subprime: Interactive Map of the US Showing Where Subprime Loans, Foreclosures, and Arms are by State,County, and Zip Code. - 04/04/08 07:25 PM
I posted an interactive map of the US showing where subprime loans, foreclosures, and arms are based on State, County and Zip Code. Its one of the cooler things I have put up in awhile. Unfortunately I cant post in the format used on my blog here :(.
But you … (0 comments)
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subprime: Treasury Reorganization: Recession Response or Red Herring? - 04/04/08 02:35 AM
On March 31st, the Treasury Department announced a new plan to help the troubled financial sector weather the sub-prime mortgage storm. This new system replaces some agencies while redrawing the jurisdictions of existing authorities like the Securities and Exchange Commission and the Federal Reserve. In particular, the Fed's role in averting … (0 comments)
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subprime: The 30 Year Loan vs The 15 Year Loan - 04/03/08 04:19 AM
There are many decisions when buying a home. One of them is what kind of loan product to use. With interest rates, payment terms and points it can be a little overwhelming. In this article we are going to compare and contrast two popular loan products the 30 Year and the … (3 comments)
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subprime: Bear Stearns and the New Federal Reserve - 03/26/08 08:24 PM
On March 14th, Bear Stearns, the fifth-largest investment bank in the United States, entered a period of insolvency. As growing lack of confidence in the firm's subprime exposure grew, other banks eventually refused to lend to the stricken company, which has existed for over 85 years. Were Bear Stearns a commercial … (0 comments)
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subprime: Subprime Woes Reach New Heights - 03/21/08 07:31 PM
As the sub-prime mortgage crisis continues to unfold, new figures emerge from the Mortgage Banker's Association: A record .83. That means that, in three months, almost one out of one hundred homeowners have been foreclosed on. Because of America's size and diverse population, the statistics are somewhat skewed: In many places … (0 comments)
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subprime: Why I Hate 40 Year Loans - 03/21/08 07:22 PM
During the subprime crisis we saw the advent of numerous bizarre loan products. In general the new loan products were designed to get people into houses they could not normally afford. As people started to default on their mortgages banks realized many of these loan products were not a good idea. … (6 comments)
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subprime: Mortgage Industry Blackballs 9600 Zip Codes - 03/20/08 10:17 PM
So the mortgage insurers have decided to start blackballing certain zip codes. I am not quite sure how this does not count as redlining. Regardless this is some bad news after the positive news of mortgage rates falling the last two weeks. Read the rest of the story here Mortgage Companies … (3 comments)
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subprime: Recession Risks: The Silver Lining - 02/06/08 05:09 PM
The US appears to poised on the very brink of recession. Investors are reacting as news of a contraction within the service sector for the first time in five years, an FBI investigation into predatory lending, and increasing unemployment statistics, has sent shock waves of panic through stock markets worldwide. Who … (0 comments)
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subprime: Sovereign-Wealth Funds: Savior or Menace? - 01/28/08 06:05 PM
In recent months, the sub-prime crisis has reached unforeseen heights, infiltrating banks and financial institutions worldwide and causing many to report multi-billion losses due to the risky investments going sour. While the underlying economy of the US appears to be relatively robust, and the dollar's continued weakness has made investment and … (0 comments)
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subprime: Subprime Woes: Are We Out of the Woods Yet? - 01/26/08 12:17 AM
In the last week, many encouraging signs have been on the economic radar: The Bush administration has stated that a consensus has been reached about the impending $145 billion economic stimulus package, the Federal Reserve has cut their most important interest rate by the largest margin in a quarter century, and … (2 comments)
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subprime: US Recession Inevitable? - 01/25/08 01:08 AM
As the sub-prime mortgage scandal continues to play out badly for many US companies, more and more questions have been raised as to whether the impact of a slowdown in one area will translate into a nationwide, or even global, recession. Growth prospects within the US are limited for this year … (1 comments)
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subprime: Can The Bush Tax Cut Work? - 01/16/08 09:31 PM
After weeks of increasingly dismal reports from the financial sector, many regular Americans are beginning to worry that the US may be close to or already in recession. While government intervention in the economy is relatively uncommon in US history, since its establishment in the 1930's, the Federal Reserve has been … (0 comments)
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subprime: Countrywide to go Bankrupt - 01/10/08 02:04 AM
Countrywide recently declared their third quarter results for 2007. And to say the least they did not look pretty. In addition to increases in deliquencies and foreclosures Countrywide declared a large loss, 1.2 billion dollars. This is pretty high when you consider the entire company is only worth 2.97 billion. At … (1 comments)
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subprime: Sluggish Fed, Why its bad for the Economy? - 01/08/08 12:06 AM
In recent months, fallout from the sub-prime mortgage scandal has been estimated in the hundreds of billions, up from figures of $100 billion maximum from the Federal Reserve only three months ago. While the Fed has, in an unprecedented move, cut interest rates three consecutive times in as many months, their … (0 comments)
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subprime: New Home Starts in Austin is the lowest since 2004 - 01/03/08 08:49 PM
The number of new home starts in Austin for the last quarter of 2007 is lowest since 2004. It looks like builders are pulling back on building new homes in Austin which is probably a wise move considering the Austin real estate market has slowed over the last few months. … (2 comments)
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subprime: Why Liquidity is Important in the Current Mortgage Crisis? - 12/21/07 08:17 PM
In recent days, the Federal Reserve, the European Central Bank, the Bank of Canada, the Bank of England, and the Swiss National Bank have teamed up to auction $110 billion off to world money markets in order to ease the recent liquidity crisis. But what is liquidity? Why should banks auction … (1 comments)
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subprime: Fed Restrictions Should Further Weaken the Real Estate Market - 12/19/07 04:59 PM
As a result of the recent sub-prime mortgage scandal, the Federal Reserve has taken many actions to avoid a global credit crisis, which it now aims to further mitigate through tightening the standards that lenders use to determine whether a potential borrower is eligible to receive a mortgage loan. Chairman Ben … (3 comments)
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subprime: Weathering the Storm of the Slipping Dollar - 12/06/07 05:07 AM
The greenback has been slipping against the euro, the Chinese Yuan, and the pound for the past nine months or so, reaching record lows amidst a global credit crunch and plummeting real estate prices. What does this mean for US growth? According to the Federal Reserve, projected economic growth will slow … (2 comments)
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