I'm back on the foreclosure bandwagon again, especially after getting the Treasury's Home Affordable Modification Program status report this morning, and its glaring omission of any information as to how many borrowers are actually keeping up with the payments on their trial modifications. Read More
While we all worry so much about the auto industry, I find it astounding that we don't pay all that much attention to the battered industries behind the battered housing market. Read More
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