Foreclosure: The Movie… (finally!) coming to a screen near you

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane

Capstone demands Altisource family divorce

Calls for Altisource Residential to terminate Altisource Asset Management agreement

Morgan Stanley pays $2.6 billion in mortgage-bond settlement

Linked to subprime-era RMBS
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Items Tagged with 'recovery'

ARTICLES

Goldman Sachs: Fundamentals set for improving housing market

Two key areas look promising after 2014’s disappointing performance
Trey Garrison
A client note from Goldman Sachs says the fundamental case for improvement in the housing sector remains strong, and the recent data mostly look encouraging. Here's why.
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Housing losing momentum? Not if, but when

Data: Performing-only sale trends won’t sustain recovery
Trey Garrison
It's been 11 months of moderating housing, and now the question is: Can it continue? It doesn't seem like Clear Capital thinks so.
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More signs of a sliding housing market

Affordability has issues, too
Lynn Effinger
Affordability issues; looming interest rate hikes as have been predicted by Federal Reserve Chairman Janet Yellen; too many FHA loans being made (this is the “new” sub-prime market); federal emphasis being placed on low-income borrowers, and other factors are causing house prices to decline once again in many markets.
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Job creation tumbles to 2014 low in August

Huge miss on expectations as job creation drops 60K from July
Trey Garrison
Total nonfarm payroll employment increased by a meager 142,000 in August, well below replacement levels and well below analyst expectations.
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Distressed sales down to lowest share since before housing bubble broke

Sales accounted for just 11% of total home sales in June
Trey Garrison
For the 19th consecutive month, distressed home sales fell on a year-over-year basis, declining to 11.4% of home sales in June.
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More proof housing is headed for a fall

Dismal market can't be blamed on weather
Lynn Effinger
With over 7 million Americans working in part-time positions rather than the full-time jobs they would prefer having, and with so many millions more dropping out of the workforce altogether, the case is made… again, that our economic outlook is not rosy as we sloth through the remainder of 2014.
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Worse news, everyone: The economy shrunk 2.9%, the most since 1Q2009

Contraction this severe only happens just before or during a recession
Trey Garrison
The U.S. economy shrunk by 2.9% in the first quarter, far worse than the -1% revision reported May 29. The GDP has never fallen more than 1.5% except just before or during a recession since the government started tracking the GDP quarterly in 1947.
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Is mortgage lending at a turning point?

Capital Economics drills deep, says yes
Trey Garrison

In what looks at first like the longest and most optimistic reach for finding good news in all the bad data, Capital Economics posits the idea that rising house prices are increasing the ability of many households to meet minimum deposit criteria. But on second look they may be on to something, and this isn’t just the usual sunny-side up analysis.


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Two charts show where Americans stand on housing

Americans skeptical of housing recovery
Brena Swanson
Despite economists and housing experts saying that the housing crisis is over, Americans are not so quick to believe.
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Here’s why ADP’s optimistic May jobs report is troubling

Stagnation level job creation may be worse than reported
Trey Garrison
Job creation didn’t come to a standstill in the first quarter despite the fact that the economy shrank by 1%, but the ADP forecast for May job creation is troubling. Despite all the “pent-up demand” traditional pundits have been crowing about, May’s numbers are seriously weak, and that’s coming from an optimistic report.
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