Monthly Archives: August 2007

“[W]here are the losses?”

Posted on August 2, 2007 by grim

From the Wall Street Journal: Subprime Detectives Search In Dark for Next Victim Wall Street Can Bury Mistakes in Fine Print By DAVID REILLY and KAREN RICHARDSON August 2, 2007; Page C1 Shoot first. That is what investors have been … Continue reading →

Posted in National Real Estate, Risky Lending | Comments Off on “[W]here are the losses?”

“The market is pretty much terrified at this point”

Posted on August 1, 2007 by grim

From the Wall Street Journal: Wall Street, Bear Stearns Hit Again By Investors Fleeing Mortgage Sector By KATE KELLY, LIAM PLEVEN and JAMES R. HAGERTY August 1, 2007; Page A1 The nation’s weak housing sector sent another shudder through Wall … Continue reading →

Posted in Housing Bubble, National Real Estate, Risky Lending | 254 Comments

“I wish there were more”

Posted on August 1, 2007 by grim

From the AP: Towns predict tax hikes, service cuts after aid cut New Jersey municipalities predicted property taxes would increase and local services would be cut after the state announced today it was doling out less special state aid to … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 4 Comments

“[F]oreclosure activity shows no sign of slowing down”

Posted on August 1, 2007 by grim

From the Philly Inquirer: Mortgage foreclosure targets 58% higher in first half of ’07 than ’06 The number of U.S. homes facing foreclosure surged 58 percent in the first half of the year from the same period in 2006, a … Continue reading →

Posted in Housing Bubble, National Real Estate, Risky Lending | 2 Comments

“This problem is getting worse. It’s not getting better.”

Posted on August 1, 2007 by grim

From Bloomberg: Subprime Defaults Blamed for Corporate America Earning Setbacks Railroads, chemical producers and insurance companies are blaming the worst U.S. housing slump in 16 years for their earnings woes. Burlington Northern Santa Fe Corp., the second-biggest U.S. railroad, said … Continue reading →

Posted in Housing Bubble, National Real Estate, Risky Lending | 1 Comment