Home prices fall, Triple dip plunge, 3.6 percent by next June, Foreclosure inventory, Naples FL hardest hit From CNN money October 31, 2011. “Home prices heading for triple-dip” “The besieged housing market has even further to fall before home prices really hit rock bottom. According to Fiserv (FISV), a financial analytics company, home values are [...]
Home ownership hits lowest level since 1965, August 5, 2011, Morgan Stanley report, US fast becoming nation of renters From the Chicago Tribune August 5, 2011. “Home ownership hits lowest level since 1965″ “As the foreclosure crisis continues to wreak havoc on the housing market, a source of national pride has taken a sour turn. [...]
Fannie Mae, Fannie and Freddie bailout,$1 trillion?, 80 percent taxpayer owned From Bloomberg June 14, 2010. “Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case” “The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 [...]
George Soros, We have Just Entered Act II of Crisis, Europe’s fiscal woes worsen From Bloomberg June 10, 2010. “Soros Says ‘We Have Just Entered Act II’ of Crisis” “Billionaire investor George Soros said “we have just entered Act II” of the crisis as Europe’s fiscal woes worsen and governments are pressured to curb budget [...]
Bank of America injunction, Utah, All foreclosures stopped in Utah From USWGO June 7, 2010. “A court order issued by Fifth District Court Judge James L. Shumate May 22, 2010 in St. George, Utah has stopped all foreclosure proceedings in the State of Utah by Bank of America Corporation, ; Recontrust Company, N.A; Home Loans [...]
