Green Energy
Today from CNBC:
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I know my family is living at roughly the same income level we lived at in 1993-94. But the bills are a lot higher now. . . WaPo: Fed: Americans’ wealth dropped 40 percent By Ylan Q. Mui, Updated: Monday, June 11, 5:04 PMThe Washington Post The Great...
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There are many days when walking away and mailing in the keys is sorely tempting. Maybe the kid in Alaska would take me in? Another demographic I wish I didn't belong to: MSNBC: One in three mortgage holders still underwater ...
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Yahoo/AP: Wholesale prices up 1.6 pct. on steep rise in food Wholesale prices rise 1.6 pct. due to biggest jump in food costs in more than 36 years On Wednesday March 16, 2011, 8:57 am EDT WASHINGTON (AP) -- Wholesale prices jumped last month by the most...
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Newsmax: Homes Lost to Foreclosure On Track for 1M in 2010 Thursday, 15 Jul 2010 07:32 AM More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who...
- And Again...nasrallah Is The Most Admired Leader In The Arab World
Survey: Nasrallah is the most admired leader in the Arab world By Haaretz Service Tags: Middle East, Israel Hezbollah chief Sheikh Nassan Nasrallah is the most admired leader in the Arab world, according to a poll released recently by the...
Green Energy
Continuing Down The Road To Serfdom
Today from CNBC:
No Rise in Home Prices Until 2020: BankersLet's see....The GDP is in the sewer. And so is the housing market, a primary driver of the American economy.
Home prices are unlikely to recover before 2020 and mortgage defaults will persist for years, says a survey of bank risk managers out Friday.
The survey conducted by the Professional Risk Managers’ International Association for FICO, found that 49 percent of respondents do not expect housing prices to rise back to 2007 levels for another nine years. Only 21 percent of respondents said they would.
The findings, which authors called “a decidedly pessimistic outlook”, are a sharp reversal from cautious optimism the survey respondents expressed late last year and in early 2011.
In addition, 73 percent of surveyed bankers say they expect mortgage defaults to remain elevated for at least another five years. And 46 percent believe mortgage delinquencies will increase over the next six months.
Only 15 percent of respondents expect mortgage delinquencies to decline during that period.
“While the housing sector will almost certainly gain strength during the next nine years, many bankers clearly believe prices will remain depressed for half a generation,” said Andrew Jennings, chief analytics officer at FICO.
Bankers concerns spread beyond the housing market.
A large number of respondents says they also expect to see an uptick in delinquencies on auto loans, credit cards and student loans....
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I know my family is living at roughly the same income level we lived at in 1993-94. But the bills are a lot higher now. . . WaPo: Fed: Americans’ wealth dropped 40 percent By Ylan Q. Mui, Updated: Monday, June 11, 5:04 PMThe Washington Post The Great...
-
There are many days when walking away and mailing in the keys is sorely tempting. Maybe the kid in Alaska would take me in? Another demographic I wish I didn't belong to: MSNBC: One in three mortgage holders still underwater ...
-
Yahoo/AP: Wholesale prices up 1.6 pct. on steep rise in food Wholesale prices rise 1.6 pct. due to biggest jump in food costs in more than 36 years On Wednesday March 16, 2011, 8:57 am EDT WASHINGTON (AP) -- Wholesale prices jumped last month by the most...
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Newsmax: Homes Lost to Foreclosure On Track for 1M in 2010 Thursday, 15 Jul 2010 07:32 AM More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who...
- And Again...nasrallah Is The Most Admired Leader In The Arab World
Survey: Nasrallah is the most admired leader in the Arab world By Haaretz Service Tags: Middle East, Israel Hezbollah chief Sheikh Nassan Nasrallah is the most admired leader in the Arab world, according to a poll released recently by the...