Posts Tagged ‘fannie’Are Housing Fundamentals Still Deteriorating?This post first appeared on Minyanville. There’s a good amount of buzz surrounding the Wall Street Journal’s piece on the staggering number of homeowners underwater on their mortgages. This, on the same day the Case-Shiller Home Price Index posted its fourth consecutive month-over-month increase. Mixed signals? Possibly. But in reality, these two seemingly disparate data [...] The State of the Markets – 11/3/2009This post first appeared in the November edition of Cirios Trends: Getting to the Bottom of the Housing Market Of the myriad debates ongoing at a time when economics and politics are seemingly two heads of the same freakish snake, the role government should play in directing economic actions dominates an already ideologically charged arena. [...] Editorial: Regulators Delay Bursting of Commercial Real Estate BubbleThis post first appeared in the November edition of Cirios Trends: Getting to the Bottom of the Housing Market This piece first appeared on Minyanville. By Andrew Jeffery Reality, it appears, is a dish Washington believes is best served, never. Late Friday evening on October 30th, long after most Americans had shut off their computer [...] Government to Banks: We Recommend Throwing Good Money After BadBy ANDREW JEFFERY This post first appeared on Minyanville. Every month, it seems, Washington dreams up new and fantastic ways to funnel taxpayer money towards a growing list of undeserving recipients. Now, in the latest attempt to coerce banks into modifying delinquent mortgages en masse, the Treasury Department plans to offer cash incentives to lenders [...] Keepin it Real Estate: The Stabilization FallacyBy ANDREW JEFFERY This post first appeared on Minyanville. Despite recent reports to the contrary, the impending stabilization of the housing market is a myth. While declines in certain markets are coming to an end, real estate, in general, is still in freefall. Last November, amidst a great deal of media fanfare, Fannie Mae (FNM) [...] Fannie, Freddie Knew About Risks, Ignored ThemBy ANDREW JEFFERY This post first appeared on Minyanville. Unprecedented. Unpredictable. Unparalleled. Extraordinary. These are the adjectives offered by mortgage industry executives defending their relative innocence in the collapse of the housing industry. Conditions, they argue, deteriorated so rapidly and in such unpredictable ways they couldn’t possibly batten down the hatches fast enough. As it [...] Keeping It Real Estate: Don’t Ban Foreclosures!This post first appeared on Minyanville. Banning foreclosures is starting to gain momentum in Washington: This isn’t good. Barak Obama, the current frontrunner in the race for the White House, recently floated a plan for a 90-day moratorium on foreclosures by certain banks, along with other initiatives to revive the economy. While Obama’s heart may be [...] Fannie and Freddie Have Been “Saved” — Now What?The former Goldman Sachs employees — err, the federal government — have decided to bail out Fannie and Freddie and the race to call another bottom in equities, not to mention housing, is on. Reality, however, is not a friend of these hopeful bulls. Let’s take a quick scan of the economic landscape and see [...] Morgan Stanley Latest Band-Aid Over Fannie, Freddie’s Bullet HoleThis post first appeared on Minyanville and our sister site Dawn Patrol. It looks like all those short-sellers might have been on to something. Freddie Mac (FRE), the beleaguered mortgage giant that was just weeks ago on the brink of collapse, released second quarter results this morning that were nothing short of abysmal. Along with [...] |