While the Realtors and Home Builders and Mortgage Bankers all bask in the glow of the home buyer tax credit extension/expansion, we all need to turn our attention to the real drag on a housing recovery: Foreclosures. Read More
Earlier this week, the Federal Reserve kept its federal funds rate unchanged in a range of zero to 0.25 percent, and said the economy "continued to pick up" since its last meeting. Robert Barbera, chief economist at ITG shared his insights on how this impacts the financials and the economy. Read More
In landslide votes, the extension/expansion of the first time home buyer tax credit passed both houses of Congress and is now on its way to the President's desk for signing tomorrow. Read More
Many companies have reported impressive third-quarter earnings results, but expect better numbers next quarter, said Sam Stovall, chief investment strategist at Standard & Poor’s. He shared his earnings outlook and what he expects in the fourth-quarter. Read More
Yep, thanks to a new program announced by the nation's largest owner of home loans, Fannie Mae, troubled borrowers can sign over the deed of their homes and rent back for the current market rate. Read More
An interesting article in the Wall Street Journal today about Wells Fargo & Co. modifying some of its worst loans into interest-only loans got me thinking about the housing recovery in a new light. Read More
Despite all the yelling about the need for a government exit strategy from its massive economic bailouts, real estate welfare is still cooking with gas. Read More