Category: US Housing Crisis

September 14, 2011 Category: US Housing Crisis

Foreclosures Soar 200% in August

Bank of America is ramping up its foreclosure processing, sending out far more notices of default to borrowers in August than in previous months, well over 200 percent more month-to-month.

July 21, 2011 Category: US Housing Crisis

Do You Have a Financial Blueprint For Your Future?

Whether it is a lack of time, money, or interest, we seem to like to “wing it” when it comes to our financial future. Fortunately, we don’t have to have the intellect and expertise of an architect to take steps to blueprint the kind of financial future that we want. It really takes just a short amount of time to key into the “desires of our heart” (Psalm 37:4). It begins with financial goals.

June 22, 2011 Category: US Housing Crisis

Making Money in Real Estate in 2011

According to the National Association of Realtors, all-cash buyers accounted for 30% of existing home sales last month. That’s up from 25% in May 2010, and 12% two years ago. If you go back to March of this year, cash buyers made up an astounding 35% of all existing home sales.

June 15, 2011 Category: US Housing Crisis

Housing Crisis Worse than Great Depression: 7 Shocking Facts About the U.S. Housing Market

Unless you have been asleep for the past several years, you know that the United States housing market is in the midst of a downturn of historic proportions. According to Case-Shiller, one of the leading housing data analysts, housing prices dropped 1.9 percent in the first quarter of 2011, revealing evidence of a clear double-dip in prices. The fall in prices even led one economist to claim that the housing crisis has been larger and faster than the one during the Great Depression.

Category: US Housing Crisis

Cost of Living Soars as Inflation Rises Most in 3 Years

Editor’s Note: Today’s rise in the CPI numbers are the inevitable outcome of the Federal Reserve’s “easy money” policies. Rising consumer prices are still in the warm-up phase. We expect inflationary pressures to continue to threaten the U.S. economy with full blown hyperinflation remaining a “real and imminent” threat over the next 12-18 months.

June 7, 2011 Category: US Housing Crisis

The Decline and Fall of the American empire

The economic powerhouse of the 20th century emerged stronger from the Depression. But faced with cultural decay, structural weaknesses and reliance on finance, can the US do it again?

June 1, 2011 Category: US Housing Crisis

Random Thoughts on the U.S. Economic “Recovery”

Stocks are getting hammered today after U.S. companies added fewer employees than forecast in May. Here are some of my random thoughts on the U.S. economic “recovery.”

May 24, 2011 Category: US Housing Crisis

What Would the Rapture Do to Real Estate Prices?

by Bruce Watson | DailyFinance.com

Where will those who are “left behind” hang their hats?

March 3, 2011 Category: US Housing Crisis

FTMDaily News Update – The Slow Death of the Dollar

The Slow Death of the Dollar… In section C of yesterday’s Wall Street Journal, the paper spent several pages on the topic of global currencies.

February 11, 2011 Category: US Housing Crisis

FTMDaily News Update – New IMF Report Calls for Replacing U.S. Dollar

IMF increases calls for alternative to U.S. Dollar… A new report issued by the IMF on Thursday is calling for Special Drawing Rights (SDR’s) as a potential, yet viable, replacement of the U.S. Dollar’s role as the global reserve currency.

November 17, 2010 Category: US Housing Crisis

Give Us Your Opinion: Would You Give Up Your Mortgage Deduction for a Flat Tax?

As I reported earlier on this program, President Obama’s Deficit Commission has proposed some major spending cuts to Social Security, limiting Medicare and has even suggested the elimination of the popular mortgage interest deduction for homeowners. They have also proposed lowering tax rates and  simplifying the tax code.

July 16, 2010 Category: US Housing Crisis

Banks repossess US homes at record pace

Banks repossessed a record number of U.S. homes in the second quarter, but slowed new foreclosure notices to manage distressed properties on the market, real estate data company RealtyTrac said on Thursday.

July 13, 2010 Category: US Housing Crisis

The 50 most unbelievable facts about the U.S. economy

As we close on another week replete with ugly economic data and the usual bizarro counterintuitive market, here is a summary of the 50 most underreported facts about the state of the US economy, courtesy of the Coto report.

July 3, 2010 Category: US Housing Crisis

The housing bubble hangover, part 2

A booming ‘shadow inventory’ in the housing market is almost certain to bring another wave of falling prices and another round of Federal Reserve stimulus.

June 29, 2010 Category: US Housing Crisis

Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg.

June 24, 2010 Category: US Housing Crisis

New home sales plunge to lowest level on record

Sales collapsed a record 33 percent to an annual pace of 300,000 last month from April, less than the median estimate of economists surveyed by Bloomberg News and the fewest in data going back to 1963, figures from the Commerce Department showed today in Washington. Demand in prior months was revised down.

June 14, 2010 Category: US Housing Crisis

Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case

Fannie and Freddie, now 80 percent owned by U.S. taxpayers, already have drawn $145 billion from an unlimited line of government credit granted to ensure that home buyers can get loans while the private housing-finance industry is moribund.

June 10, 2010 Category: US Housing Crisis

Home repossessions hit record high in May

U.S. foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.