Homebuilders are feeling less confident about the outlook for construction of single-family homes this month, primarily due to increasing pessimism among southern homebuilders.
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Joseph A. Smith Jr. has been in Washington, D.C., most of the week, meeting with senators, congressional staff and other officials.
Smith is the North Carolina banking commissioner.
He is also President Barack Obama’s nominee to lead the Federal Housing Finance Agency.
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FHFA Director Nominee Testifies Before Senators
OTTAWA, Ontario, July 10, 2009 — The Government of Canada, the Government of Ontario and the City of
Ottawa today celebrated the start of construction of the Beaver
Barracks housing project that will create 248 new affordable
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Ottawa Celebrates New Affordable Housing
… of an economic crisis that began with the collapse of the U.S. housing and subprime mortgage markets and has spread around the world. Shares of the company were down 7 …
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UPDATE 1-Discover sees slowdown in loan growth in H2
… be as high as $1.4 billion in home equity, $500 million in the prime mortgage business and $375 to $475 million in subprime mortgage. …
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J.P. Morgan sees credit card losses near 9%
… “that between 65% and 75% of modified subprime loans will fall 60-days or more delinquent … admit is that people who have underwater mortgages will often give up on the opportunity …
Housing Is Not Just Bad, It’s Getting Worse
… dorm room creation may be much lower,” it writes. A large chunk of the subprime and other non-traditional mortgages that are being modified to stave off mass foreclosures will likely , the Los …
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Government Motors
… programmes; but these have been as much at the root of America’s malaise as subprime mortgages and unregulated bankers. The disarray of the Republican party here it remains shattered …
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When will Barack Obama stop fudging it?
… allow them to cash out of delinquent mortgages, albeit at a loss. More importantly, investors … by Fitch Ratings, of the 18% of subprime loans made during the height of the …
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Mortgage Investors Drop Fight Against Obama
27
May
It Was Completely Their Fault?: ‘Bailout Nation’ Author Rips $14T Rescue
Author: // Category: Mortgage… forces that led to Lehman’s demise also killed AIG: too much leverage, too much sub-prime mortgage exposure, too little risk management. …
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It Was Completely Their Fault?: ‘Bailout Nation’ Author Rips $14T Rescue