Diane Gerdes's (dianegerdes) Blog

The housing market in Arizona is attempting suicide from lack of understanding and attention.    President Obama made the trip to Arizona in February to grandly announce the Foreclosure Prevention Program modifications and the new refinance guidelines. The government, with Sheila Bair's instructi...

The big, bad banks are responsible for blowing our homes out from under us.  The mortgages they devised had all of the integrity of sticks and bubblegum and were shattered when housing prices began to nose dive.  Lately, they have been tiptoeing around the media with their heads down acting meek ...

The sleek, beautiful, sexy money vehicles called Citibank, Chase and Goldman Sachs all got back on the fast track with blow-out profits for the first quarter of 2009.  The race to get back to multibillion dollar earnings and all of the perks seem to be within sights of the checkered flag. The sto...

Love was never mentioned with the announcement of two arranged mergers this week.  Pulte and Centex, two of the top five home builders are structuring a $1.3 billion marriage of debt and assets in an attempt to survive today's housing market.  With builder's orders dropping 70% since 2005, other ...

The hummingbirds are chirping, the cacti are blooming, and the trees are becoming a beautiful green.  Spring is in the air.  But wait....What is that smell?    With unemployment at 8.5% the highest since 1983, the loser twins Fannie Mae and Freddie Mac adopted by Uncle Sam last August announced t...