Welcome to the Kitchen Sink for this long New Year’s weekend! In each weekend’s Kitchen Sink, HW highlights key housing coverage and opinions from media outlets throughout the U.S., as well as key insight from housing blogs across the Web. Check this post throughout the weekend. Saturday:
- “US mortgage bond issuance $1.013 trln yr-to-date: Thomson,” Reuters (12/30) While the housing market may be slumping, the U.S. mortgage-banking securities market had a banner year in 2006, according to Thomson Financial. Bear Stearns took top-dog honors for the year.
- “Lenders begin to tighten loan standards,” WSJ (Karen Richardson; 12/30) A sneak-peek at Sunday’s coverage in the WSJ, Richardson looks at how lenders are tightening their belts – and at how second mortgages are slowly being eyed as a predictor of potential future default risk.
- “It’s time for Maine to stop predatory home lenders,” Bangor Daily News (Glenn Cummings, Kathy Crossman; 12/30) This op-ed from a local newspaper in Maine is another instance of consumers calling for state laws to protect borrowers.
- Blogspotting: Calculated Risk has posted an absolute tome looking at housing in 2007 – and it’s very thought-provoking. Grab a cup of Joe and stop by for a read; stay for the well-informed comments. Unlike most housing blogs out there, this is one where the readers’ comments are often as intelligent as the blogger (Housing Doom would be the other).
- “Boulder County reports most foreclosures in nearly 20 years,” 9news.com (Dan Boniface; 12/31) Foreclosures are skyrocketing in Colorado, but officials there say this real estate slump is different than ones past. Time will tell.
- “Will ’07 housing surprise us all?,” Orange County Register (Jon Lansner; 12/31) Jon runs a great housing blog, but he also writes interesting articles for general coverage in the OC Register. He offers an interesting summary of the people he’s talked to in providing a look at what lies ahead for local real estate in 2007.
- “Exotic loans carry big risks,” The Boston Globe (12/31) Another major media source looking at the dangers of exotics. What’s interesting here is that this article goes far enough to delve into credit counseling.
- Blogspotting: Roubini’s blog has a well-timed take on the wealth of housing-related news that’s broken this past week. He’s also got a veritable ton of mostly astute comments from educated readers.