Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,878,320 times
Reputation: 6438
Advertisements
About half of U.S. mortgages seen underwater by 2011 - Yahoo! News (http://news.yahoo.com/s/nm/20090805/bs_nm/us_usa_housing_deutschebank - broken link)
NEW YORK (Reuters) – The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
it may be considered a bad thing by taxpayers because fannie mae needs more money:
Fannie Mae seeks $10.7B in US aid after 2Q loss
August 6, 2009 - 7:25pm
WASHINGTON (AP) - Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing.
The mounting price tag for the rescue of Fannie and its goverment-sponsored sibling, Freddie Mac, is surpassed only by insurer American International Group Inc., which has received $182.5 billion in financial support from the government so far.
Fannie Mae's NEW REQUEST FOR $10.7 billion from the Treasury Department will bring the total for Fannie and Freddie to nearly $96 billion. Freddie is expected to report its quarterly results on Friday.
Sorry, I call FOUL -- I mean these are the same people that WERE TOO STUPID to realize they were massively scammed on MBS for a decade, and NOW we are to believe their magical powers of prognostication? Gimme a break!
Douche bank indeed!
I believe that there were a huge slew of 'reports' from clueless analysts that said BY NOW we would be swamped with PRIME foreclosures, well GUESS WHAT, ain't happening. The "foreclosure fiends" can't even agree on what yardsticks they are using:
Data on home foreclosures provide mixed signals in KC area - Kansas City Star (http://www.kansascity.com/business/story/1356265.html - broken link)
Now I am under no illusion that things are magically going "get all better" but neither am I so arrogant / stupid to think that NOW there is some 'secret' that can be reliably used to predict the multiple factors that MAY OR MAY NOT result in home prices moving significantly up or down.
Sorry, I call FOUL -- I mean these are the same people that WERE TOO STUPID to realize they were massively scammed on MBS for a decade, and NOW we are to believe their magical powers of prognostication? Gimme a break!
Douche bank indeed!
I believe that there were a huge slew of 'reports' from clueless analysts that said BY NOW we would be swamped with PRIME foreclosures, well GUESS WHAT, ain't happening. The "foreclosure fiends" can't even agree on what yardsticks they are using:
Data on home foreclosures provide mixed signals in KC area - Kansas City Star (http://www.kansascity.com/business/story/1356265.html - broken link)
Now I am under no illusion that things are magically going "get all better" but neither am I so arrogant / stupid to think that NOW there is some 'secret' that can be reliably used to predict the multiple factors that MAY OR MAY NOT result in home prices moving significantly up or down.
i think current statistics would disagree with you on foreclosures:
updated 1:20 p.m. ET, Tues., Aug 21, 2007
LOS ANGELES - Foreclosure filings rose 9 percent from June to July and surged 93 PERCENT OVER THE SAME PERIOD LAST YEAR, with Nevada, Georgia and Michigan accounting for the highest foreclosure rates nationwide, a research firm said Tuesday.
The filings include default notices, auction sale notices and bank repossessions. The figures are the latest measure of the ailing housing market, which has seen defaults and foreclosures soar as financially strapped borrowers have failed to make payments or find buyers.
In all, 179,599 foreclosure filings were reported during July, up from 92,845 in the year-ago month, according to Irvine-based RealtyTrac Inc.
Sorry, I call FOUL -- I mean these are the same people that WERE TOO STUPID to realize they were massively scammed on MBS for a decade, and NOW we are to believe their magical powers of prognostication? Gimme a break!
Douche bank indeed!
I believe that there were a huge slew of 'reports' from clueless analysts that said BY NOW we would be swamped with PRIME foreclosures, well GUESS WHAT, ain't happening. The "foreclosure fiends" can't even agree on what yardsticks they are using:
Data on home foreclosures provide mixed signals in KC area - Kansas City Star (http://www.kansascity.com/business/story/1356265.html - broken link)
Now I am under no illusion that things are magically going "get all better" but neither am I so arrogant / stupid to think that NOW there is some 'secret' that can be reliably used to predict the multiple factors that MAY OR MAY NOT result in home prices moving significantly up or down.
i think you can analyze trends to get some perspective however.
IRVINE, Calif. – July 16, 2009 – RealtyTrac® (Foreclosure Real Estate Listings | RealtyTrac), the leading online marketplace for foreclosure properties, today released its Midyear 2009 U.S. Foreclosure Market Report, which shows a total of 1,905,723 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,528,364 U.S. properties in the first six months of 2009, a 9 percent increase in total properties from the previous six months and a nearly 15 percent increase in total properties from the first six months of 2008. The report also shows that 1.19 percent of all U.S. housing units (one in 84) received at least one foreclosure filing in the first half of the year.
(trendocracy)
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
