Posted on 05/13/2010 8:05:48 AM PDT by Repeat Offender
Link only.
(Excerpt) Read more at businessweek.com ...
Need to stop the banks from seizures.
Great recovery
On to the Next Crisis! (Barry wants to be riding to the rescue on about a dozen things come November....)
Some crisis can be exploited again and again. With this administration, everything is like herpes, it keeps coming back.
nothing to see here, move along the market is doing well and that means those in the MSM will see profits so to hell with those losing jobs and houses.
give a house to someone who cannot afford it and they will loose it but no the far left beng dumb as usual wants to keep carrying this on
insane
Leave him out of it, media, he's not in office anymore.
Leni
Note the term "Seizures" used in the headline, as though the banks are committing some sort of piracy.
pfffff you act like words mean something /sarc
Story in the business section. Any paper.
Foreclosure crisis starts to subside. (Love the headline)
Millions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs of subsiding......While the number of new delinquencies is falling, the number of borrowers losing homes is still rising. Banks seized a record 92,000 homes last month. And there are millions more potential foreclosures ahead. Nearly 7.4 million borrowers or 12 percent of all households with a mortgage had missed at least one month of payments or were in foreclosure as of March......
Looks like a recovery to me. Hey, let’s all go out and get a real estate licence. baraq says its all ok now.
Sorry, I thought we were in a jobless recovery, apperently it is a delayed, jobless recovery.
banks stopped foreclosures in order to buy time (literally) to make it fincially viable to have the property on their books. They only forclosed if needed and those were with lawyers who were padding their foreclosure fees.
It's about to get worse as the next bulk of 2005-2007 Option ARMs mature ... in just a couple of months.
July 2010 will be a bloodbath. It's easy to see why the Fed doesn't invest in Mortgage-Backed Securities anymore.
Supply and Demand applies, something this administration has no desire to comprehend.
Buyers are the key. But, with double digit unemployment, deteriorating credit, and mortgage lenders unwilling to lend, there’s no turn around in sight, regardless of the spin.
“
Recall that last year many banks stopped foreclosures. It is now “catch up” time.
“
It will be interesting to see what happens with the retail sector that
has posted some gains recently.
Possibly due to defautlers living rent-free...and thus spending
their rent money on buying goodies.
Once the banks finally enforce the foreclosure after waiting up to
a year...that might spell another dip.
We must pass the trillion dollar Porkulus Bill before the recession gets worse!!!!
Definite possibility! I personally don't view the spending data as anything more than an insignificant blip on the screen. Correspondingly, the savings rate dropped. Until employment increases, there will be perturbations in the data and economic trends will be negative or flat at best.
I am hoping you understood my post for sarcasm. But, I agree it is going to be nasty.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.