Foreclosures Up 48 Percent From Year Ago: RealtyTrac

By AMY MCALISTER
Published: June 13, 2008
Foreclosure filings continued their surge in May, jumping 48 percent from levels recorded one year earlier as the number of distressed borrowers continues to mushroom in key housing markets across the nation. RealtyTrac Inc. reported Friday morning that 261,255 properties were subject some sort of foreclosure activity — default notices, [...]

Existing Homes Sales Expected To Crash More

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Existing home sales ticked downward in March, with much of the decline concentrated in the mid-west and the south.
Sales are now off 32% since June of 2005 and inventories remain stubbornly high.
As recession fears continue, downward pressure will likely remain for some time to come
Jim Stack of InvesTech Research
By the way, check out [...]

AP Poll: Mortgage Payments Worry Many

Apr 14, 3:26 PM EDT

AP Poll: Mortgage Payments Worry Many
By ALAN FRAM
Associated Press Writer
WASHINGTON (AP) — One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home’s value is shrinking, according to a poll showing widespread stress from the [...]

By STEPHEN S. ROACH - from Hong Kong

March 5, 2008
Op-Ed Contributor
Double Bubble Trouble
By
STEPHEN S. ROACH
Hong Kong
AMID increasingly turbulent credit markets and ever-weaker reports on the economy, the Federal Reserve has been unusually swift and determined in its lowering of the overnight lending rate. The White House and Congress have moved quickly as well, approving rebates for families and tax breaks for businesses. [...]

Housing In Deepest Decline Since The Great Depression

Rapid Deterioration

Housing in deepest decline since the Great Depression, economist says

By Steve Kerch, MarketWatch
Last update: 4:48 p.m. EST March 4, 2008

CHICAGO (MarketWatch) — Housing is in its “deepest, most rapid downswing since the Great Depression,” the chief economist for the National Association of Home Builders said Tuesday, and the downward momentum on housing prices appears [...]

Mortgage Debt Writedowns Exceed $25B This Year

Investment Banks Facing New Writedowns

Analysts Suggest New Investment Bank Writedowns of More Than $10 Billion Are Coming Soon

NEW YORK (AP) — Wall Street turned on itself Friday, as one widely watched analyst said investment banks face $10 billion or more in writedowns this quarter from bad mortgage debt, and another downgraded much of the banking [...]

2007 Mortgage Meltdown

Double-digit home price drops coming
 By Les Christie, CNNMoney.com staff writer - September 19 2007: 3:24 pm
NEW YORK (CNNMoney.com) — Over the next few years, more than three-quarters of the nation’s housing markets will suffer some decline in home prices. Many will experience double-digit hits in a forecast that has worsened considerably in recent months.
According to [...]

Cheap Credit Caused the Crunch

Consumers and Investors can measure the current economic problems by counting the number of times they hear the term “credit crunch.”
We are being told that it is very difficult to get a big mortgage, that deals are falling through, that innocent home buyers are in a sorry state.  A big bank has raised its rate [...]

Glut of homes hits 16-year high

Sales slip but supply of homes on the market jumps to 9.6 months, pushing prices down for 12th straight month.
By Chris Isidore, CNNMoney.com senior writer
August 27 2007: 3:12 PM EDT

NEW YORK (CNNMoney.com) — Homeowners trying to sell last month faced the biggest glut of homes on the market in about 16 years, as declining sales [...]

Debt Notes

 
By Alan Abelson
08-27-07
There are over $1 Trillion of securitized low-grade mortgages outstanding and nearly three-quarters of a trillion dollars worth of mortgages whose adjustable rates are slated to rise over the next year, a heap of them sooner rather than later.  That alone assures an appreciably larger magnitude of pain in the months ahead.
Moreover, as Merrill [...]