J.P. Morgan: Foreclosure Sales Could Be Higher in Three Years
Efforts to modify loans and delay foreclosures may have helped hold down the stock of foreclosures for sale in the second half of 2009, fostering home-price stabilization. But that cure could require different medicine: an elevated level of foreclosures for sale over the next three years.
The Loneliest Condo Dweller in Florida
Anyone remember Victor Vangelakos? He's the loneliest condo dweller in Fort Myers, Fla.--and he can't take it anymore.
California Receives $700 Million in Federal Housing Aid
California will receive $700 million and Florida will take $400 million in federal aid to begin designing programs to ease foreclosures, under the Obama adminstration's latest effort to ease the housing crisis.
FHA Study Says Technical Issues Understate Loan Risks
We wrote today about this paper from economists at the New York Federal Reserve and New York University that argues that the Federal Housing Administration may be missing certain warning signals in its annual audit that could underestimate losses.
Frank Talk: Why You Can Expect More Of It
Rep. Barney Frank again made comments that sent ripples through bond markets on Friday when he suggested that the U.S. might force Fannie Mae and Freddie Mac bondholders to take a haircut.
Goldman Predicts ‘Muted’ Mortgage Rate Increase
In a research note out Wednesday, Goldman Sachs analyst Sven Jari Stehn says that after the Fed pulls out of the mortgage market, the mortgage rate increase may be more muted than some expect--if the Fed doesn't make a big deal out of it.
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