Posts tagged as:

obama

Commentary

The $8,000 Tax Credit Question: Are We Setting Ourselves Up For An Even Bigger Problem?

by Charles Feldman | November 14, 2009
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This is where is gets interesting…like it hasn’t been already, right?
Now that the $8,000 first-time home buyer tax credit has been extended to loans that close by the end of June, 2010….and there has been an addition of a $6,500 credit for so-called “move-up buyers”-we wait to see what impact it will have on the [...]

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Commentary

Real Estate Fiasco Seems To Foreclose On Critical Thinking

by Charles Feldman | October 28, 2009
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Think.
That is one word I grant you. But, sadly, something fewer and fewer people seem to be doing when it comes to critical analysis of the near term prospects for the real estate market in the U.S. (And, yes, I know the real estate “market” is a patchwork of many markets dotted across the foreclosed [...]

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Blogs

Back To Reality, Foreclosure Moratorium Ends

by Richard Warren | April 20, 2009

I had been hearing a lot of talk lately about how home foreclosures were down. Real estate agents were pointing to this and saying that the market was going to turn around soon. Even the talking heads on the late night news were reporting that foreclosure filings were down and things were going to get better. Could [...]

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Commentary

State Governments Getting Hoodwinked By Home Builder Lobby

by Rob K. Blake | March 22, 2009

We all know about the first time home buyer tax credits the Obama Stimulus Plan put in place a few months ago. But now we see State governments getting into the act. California lead the pack by announcing their new home $10,000 tax credit program and now other States are following suit.
California New [...]

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Commentary

February Foreclosures Up 30% from 2008; Does Obama Own the Crisis Yet?

by Joshua Dorkin | March 12, 2009

Almost 291,000 homes across the US received at least one foreclosure-related notice last month, up 6 percent from January, says RealtyTrac.com, a compiler of foreclosure data.

The big question in the minds of pundits is when the Obama administration is going to officially own the economic and housing crisis. Fifty days into his administration, the [...]

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Commentary

Obama Removing Mortgage Interest Deduction – Dumbest Idea Of The Week

by Rob K. Blake | March 1, 2009

The Obama budget announced this week – in the middle of biggest housing crisis since the Great Depression – seeks to raise tax revenue by removing the mortgage interest tax deduction for those that are in the 33% and 35% income tax brackets.
What? You’ve got to be kidding, right?
I can’t count the ways this [...]

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Commentary

Hotel Industry Ravaged by Fear Stoked by Government, Pleads to Congress

by Joshua Dorkin | February 27, 2009

I just found the advertisement above while reading a political news/opinion website, and thought it was important to share. Read the letter and make your own judgment. I know that there is a feeling that Wall Street is the enemy, and that public companies need to pinch pennies, but as the letter says, the [...]

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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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Commentary

Servicers Incentivized To Modify Loans Under Obama Plan – Is It Enough?

by Rob K. Blake | February 22, 2009

The Obama $75 Billion housing stabilization plan holds pieces which are designed to help stem foreclosures and help those already in foreclosure with loan modifications. Currently servicers have shown no real signs of wanting to modify loans, but this new plan hopes to change their collective minds.
Will the Housing Stabilization Plan Work?
I’ll get to [...]

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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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Real Estate

Foreclosure Glut Clogging Courtrooms; Will Obama Make it Better or Worse?

by Joshua Dorkin | February 19, 2009

According to CBS News, “For homeowners who haven’t paid their mortgage in Lee County Florida, the end of the line is a courtroom where a judge whips through more than 400 cases in a single morning, reports CBS News correspondent Kelly Cobiella. They call it the “rocket docket.”
The article goes on to show how [...]

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Commentary

Foreclosure Anyone? Obama’s $75 Billion Homeowner Bailout: Some Say Success Is Far From Certain

by Charles Feldman | February 19, 2009

Wall Street, banks, even car companies got faster help from the government in the form of one bailout or another, than did the average homeowner in this country. And, now that “help” is at hand, the real question to ask is: will it do any good?
President Obama has now revealed his much anticipated “lifeline” to [...]

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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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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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