Posts tagged as:

bailout

Commentary

A “New World Order” May NOT Be Good For Real Estate Industry

by Charles Feldman | September 9, 2009

real estate bailout mortgageAn article out of the McClatchy Newspapers group caught my eye today…in particular some numbers that may not bode well for a robust real estate industry recovery any time soon.

Bailout and Regulation Nation

The article, about how a new financial world order has emerged out of the wreckage of the sub-prime mortgage fueled disaster that exploded one year ago this week, explains why it may take many years to climb back even half way up that economic ladder most of us fell down from last September.

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Commentary

A Small Potato Gets Fried; Bailout Anyone?

by Tom Koziol | March 6, 2009

I moderate a debt discussion forum. By itself, that’s no big deal given there are probably 20,000 forum moderators in the U.S. However, I thought one post from the forum was worthy of exposing. I am not hawking the site, I am taking one post for discussion purposes and for anyone who cares to [...]

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Real Estate

How Do You Spell Mortgage Relief? How About B-A-N-K-R-U-P-T-C-Y

by Charles Feldman | March 4, 2009

Mortgage Relief + Congress = Bankruptcy Court
Looks like the ever expanding home mortgage crisis will be headed to courtrooms after all.
Democrats in the House have apparently come to terms on legislation that would give bankruptcy judges authority to rewrite mortgages provided borrowers could prove that they had tried without success to secure better terms with [...]

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Commentary

Obama’s Not-State of the Union Speech; Comes As Home Prices Plunge; Consumer Confidence Falls Off Cliff

by Charles Feldman | February 25, 2009

It was a State of the Union speech–even though it wasn’t a State of the Union speech.

It just looked, sounded and felt like a State of the Union speech. That’s probably because it was in all but name only a State of the Union speech, even though the Constitution requires a State of the Union [...]

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Economy

The Crisis of Credit Visualized: How We Got Into the Current Housing Mess

by Joshua Dorkin | February 22, 2009

I just found this video series called the Crisis of Credit, outlining how we managed to get to where we are in terms of the housing and economic mess, and of course, I had to share it with our blog readers. So . . . . Enjoy!
Part 1:

Part 2:

Thoughts?

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Commentary

Need a Housing Bailout? I Admit it, I’m Unsympathetic to Speculators

by Brendan O'Brien | February 21, 2009

Have you heard of Scott Mintz? The LA chiropractor bought four houses, leveraging heavily in the expectation that real estate values would rise forever. Shockingly, they didn’t. Now, every one of his houses is underwater.
Mintz not only wants his loans refinanced, he’d like the lenders to reduce his loan principal to [...]

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Commentary

True Bank Nationalization Is Coming; Citi and BofA Probably First Up; Nationalization Means Salvation For The Real Estate Market!

by Charles Feldman | February 20, 2009

Let’s talk bank nationalization, folks.
Why? because I think there is a pretty good chance it is coming soon–especially when talking about Citi and Bank of America–and, more important, THAT might have the biggest impact yet on solving (or helping to solve) the ever growing mortgage crisis that is still feeding the global credit meltdown.
To a [...]

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Commentary

Obama to Detail Housing Bailout Plan on Wednesday

by Joshua Dorkin | February 16, 2009

So far, we’ve tackled the subprime lending crisis (and failed), the credit crisis (and failed), we’ve got a TARP, a Stimulus Package, Trillions of dollars in borrowed debt repayments as a result, and from what the Wall Street Journal tells us, we’ll learn about the President’s Housing Bailout Package – aka. Foreclosures R US, on [...]

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BiggerPockets News

Senate Majority Leader Harry Reid Responds to BiggerPockets Article About National GO Zone

by Joshua Dorkin | February 12, 2009

On Monday, January 12, 2009, BiggerPockets.com’s own Richard Warren wrote a compelling piece here on the Real Estate Dispatch called A National GO Zone?, proposing a solution to the nations housing crisis.
At a time when housing is one of the most critical issues in the national debate, I’m excited to let our readers know that [...]

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Commentary

Will The Feds Nationalize Bank of America?

by Rob K. Blake | February 7, 2009

There is a plethora of speculations buzzing around Wall Street with the central theme being Bank of America (NYSE: BAC) our nation’s largest bank…and biggest “cleaner upper” of the financial crises buying both Merrill Lynch and Countrywide Home Loans before they collapse…is going to get “taken over” by the government.
Oh my God!
The sky [...]

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Economy

Geither to Announce Bailout Plan Monday – Will Credit Start Flowing Again Soon?

by Joshua Dorkin | February 6, 2009

According to the AP, Treasury Secretary Timothy Geithner is set to give a major speech on Monday to outline the $700 billion rescue plan.
As a part of any bailout package we’ll see, the government will certainly make some major moves in the real estate and banking space.
Meanwhile, real estate lobbyists were pressing the government to [...]

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Cool Stuff

The Bailout Rap . . . Brilliant!

by Joshua Dorkin | February 3, 2009

If you haven’t seen this yet, you’ve got to check it out! Its a “rapumentary addressing the wall street bailout,” written and performed by 47 year old stockbroker Gregg Somerville.

Thoughts?

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Commentary

Housing Prices, Consumer Mood and The Hope Of A Real Estate Turnaround In The Age Of Obama

by Charles Feldman | January 28, 2009

Now what?
That’s a pretty fair question to ask as the economic news gets darker with each passing day despite all efforts,thus far, from our government.
As a Reuters story says today, “consumer confidence plumbed historic lows in January and home prices fell at a record pace in November…”
Of course, a big reason remains the general unwillingness [...]

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Commentary

Governments Around the World Explore ‘Creeping Nationalization’

by Joshua Dorkin | January 19, 2009

What is happening to free-markets?
What is happening to private industry?
Will every industry be nationalized?
After Britain announced a second bank bailout today thanks to RBS (Royal Bank of Scotland) among other things; “RBS said its losses for the full year could be as much as 28 billion pounds ($41.3 billion), which would be the biggest loss [...]

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Commentary

Shame on Barney Frank – Democrats No Help To Foreclosure Victims Either

by Rob K. Blake | January 10, 2009

I have written here on BiggerPockets extensively on the complete lopsidedness of the banking bailout and how the preference was given early on to helping Wall Street fat-cats over Main Street foreclosure victims. The bailout bill created the Trouble Asset Relief Program (TARP), funded it with $750 Billion of which about $350 Billion still [...]

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