Wall Street Eyes Housing, 4Q Earns Data The start of 2008 has brought a harsh reality to Wall Street: The U.S. may indeed be headed toward recession.So, after suffering punishing losses the first three trading days
Merrill Lynch, Other Firms Abandon Predictions U.S. Treasuries Will Rally Wall Street's bond bulls are in retreat as higher interest rates and faster inflation leave U.S. Treasury investors with the smallest returns in six years.read more...
Doubts grow on US bailout plan A PROPOSED US$700 billion bailout for the banking industry leaves many questions unanswered, but has prompted fears about giving the US government unprecedented power to intervene in the economy, analysts
Tax reform woes? Tell us about it The feds have discovered what Oregon knows: Asking taxpayers to abandon one form of taxation for another is a lot like asking someone clinging to a mossy rock in a
US Mortgage Liquidity Crisis Spreading to Private Equity (SeekingAlpha via Yahoo! Finance) Mark McQueen submits: If you are trying to track your own lenders involvement in the subprime market, here are some helpful stats from Marketwatch : Top U.S. Subprime Mortgage
An Extra Cash Lift Reverse mortgages for second homes, until now available through a handful of small regional banks, will soon be offered by at least two national lenders. read more...
“We aren’t going to participate in that.”
Century 21 Real Estate’s CEO Thomas Kunz may have unintentionally hit the nail on the head when he declared that a ‘pity party’ is gripping the housing industry right now.
Many recent home buyers are expressing shock that their properties may be worth a lot less than when they bought them. CEOs like Countrywide Financial Corp.’s Angelo Mozilo are claiming that ‘nobody saw’ the deterioration of real estate values coming, and are pointing fingers at others for causing this mess. And Wall Street seems to only now be waking up to the implications of mortgage securities imploding. Read more
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