In a report from the FDIC that the Deposit Insurance Fund has been operating in the red since the third quarter, down by $8.2 billion, there was other bad news, as the number of banks on the problem list of the FDIC has now risen to 552, which in reality is probably much worse than [...]
November 27th, 2009 | Gary | Comments | ContinuedAll Posts Tagged With: "Alt A Loans"
For Wealthy Homeowners, Things Will Get Worse Before Market Turns Around
With the luxury home market all but drying up, a number of indicators show that things will probably get worse for those homeowners, as it could for many of the lower end residential owners in America.
Even though some are trying to make it look like the housing crisis is largely over or regular homeowners, in [...]
Goldman Sachs (NYSE:GS): Huge Banks Undervalued
Goldman Sachs (NYSE:GS) increased its rating on a number a large banks based on the premise that current stock prices aren’t reflecting the real earnings power the huge banks have.
While Goldman has already had conviction buy ratings on Bank of America (NYSE:BAC) and J.p. Morgan (NYSE:JPM) , they’ve also recently added Capital One Financial (NYSE:COF) [...]
Will New Song Title Be – I Left My ‘Home’ In San Francisco?
It won’t be long before Alt-A loans – which are ARMs or adjustable rate mortgage loans – will begin to come due, and one of the most vulnerable locations in the country will be San Francisco, and a couple of other surrounding areas.
One report says, “Of the 10 metro areas nationwide with the most option [...]
Commercial and Alt-A Loans Next Major Bank Problems
While the subprime and prime home mortgage loan problem is still far from being solved, there is the continual loan failures coming from commercial and Alt-A loans that will continue to put tremendous pressure on the banking industry for the next couple of years, and possibly longer.
Interestingly, at this time the Federal Reserve is clueless [...]
Editorial: Illusory Economic and Banking Recovery Continues – Right?
Many people are either scratching their heads in consternation or celebrating over the assertions by the government and its court economists that the economy in the U.S., and by extension – the world – is in a state of recovery.
It’s so nonsensical when you take into account the overall picture, that it must be looked [...]
Editorial: Alan Greenspan Blames Human Nature, Not Himself, for Financial Crisis
Alan Greenspan thought when he stepped down as Chairman of the Federal Reserve that his place and name in economic history had been preserved, as he presumably had overseen the longest uninterrupted period of economic growth in the modern history of America.
Now that many people have put a magnifying glass on his performance, that legacy [...]
Banks Aren’t Lending, Consumers Aren’t Spending – What Recovery?
The assertion by analysts and economists that data from the quarter from July-September signals the end to the recession is so distorted and ridiculous, that you have to question either their integrity, sanity or ability to make that determination. This is so far from the truth that it can’t even be seriously entertained as a [...]
August 29th, 2009 | Gary | Comments | Continued
Just use a little psychology and you can interpret this any way you want depending on your disposition. I would ...
Yeah he can really say that if the government is waiting for the release of the positive result which will ...
I've only seen blog mentality reporting from this site, and don't take much merit in anything it says.