obama

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. [...]

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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” [...]

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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 [...]

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Commentary

New HUD Secretary, Shaun Donovan, Confirmed

by Rob K. Blake | January 24, 2009

The U.S. Senate confirmed Shaun L. S. Donovan as secretary of the U.S. Department of Housing and Urban Development (HUD) replacing former HUD chief Steven C. Preston. Donovan Bio Shaun Donovan was born in New York, is 42 and married. Donovan earned undergraduate and post graduate degrees from Harvard. This lead to positions at FHA [...]

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Housing

Builders Now Getting Screwed By Banks; Obama Must Deal With Plight Of Home Owners and Builders At Same Time

by Charles Feldman | January 21, 2009

We are officially in the age of Obama now The market was clearly waiting to hear more from the President on how he intends to fix the credit/housing crisis. And, since he really didn’t address it with any detail in his inauguration speech, investors drove the market way down yesterday. While many wait to see [...]

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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 [...]

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Real Estate

Bedtime for Bonzo: The Bush Era Ends

by Richard Warren | January 19, 2009

After eight years it has come time to put the Bush presidency to bed. Although George W. Bush wasn’t my first choice (or 2nd or 3rd), I had high hopes when he took office eight years ago. Although many of his supporters thought Bill Clinton could do no wrong, I had grown weary of Bubba’s [...]

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Commentary

Santa Plunges In Real Estate Debacle; Bailout for Claus? No Way Says Congress

by Charles Feldman | December 16, 2008

Santa Near Starvation! A Christmas Story Last week, we reported on the shocking news that Santa Claus was facing foreclosure and would be forced from his North Pole residence for points unknown unless he secured a government bailout package that would keep him going till at least next Christmas. We regret to inform you that [...]

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Commentary

Barack Obama and The Housing Crisis — Yours, Not His

by Charles Feldman | November 5, 2008

Well, there’s a least one person who won’t have to worry about his mortgage. Barack Obama goes to the White House, but what happens now to all his fellow Americans who are at the brink of being expelled from their homes? If the truth be told, probably not a lot. Most experts agree that the [...]

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Real Estate Investing

What Can Barack Obama Teach You About Real Estate Investing?

by Jason Hanson | October 30, 2008

I’m in Florida all this week, and I’ll be spending Halloween in Tampa (so, if I have too much fun and end up in jail or drowned in the ocean, you may not hear from me for a while…..especially if I drowned). By the way, I decided I’m going to be Uncle Sam for Halloween [...]

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Commentary

2008 Election and the Implications on Housing and the Fannie/Freddie Bailout

by Tom Koziol | September 12, 2008

This is an election year. That may seem like a tremendous grasp of the obvious but I wish to ask you to look behind that statement so you can see what is happening right in front of your eyes. What I am really interested in is the Freddie/Fannie bailout. My God, the impact is almost [...]

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Commentary

Who is Better for the Real Estate Market: McCain or Obama?

by Joshua Dorkin | August 28, 2008

Do you think that John McCain or Barack Obama has better policies for the real estate market? I’m curious about how folks see the 2 major party presidential handling the real estate marketplace and I’m interested in starting a discussion taking into account, tax policy, monetary policy, and other factors. I don’t want to hear [...]

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Commentary

Why People Who Think Real Estate Mess Will Soon Improve Are Wrong

by Charles Feldman | April 9, 2008

How is this for a blunt statement: If you are one of those who believes this subprime real estate debacle is going to turn around anytime soon, you are wrong! I’m not saying you are probably wrong. I’m not saying you may be wrong. I’m not even saying that more than likely you are wrong. [...]

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