Thread: Housing Crash News

Housing Crash News

Mail news links to p@patrick.net
Patrick.net is the top search result for "housing crash" with more than 20,000 daily readers

all of these are links to articles; go to the link to view them http://patrick.net/housing/crash.html

Fri Nov 5 2010
Gearing up for housing correction version 2.0 (doctorhousingbubble.com)
Bank of America Edges Closer to Tipping Point (bloomberg.com)
No free pass in the mortgage foreclosure debacle (heraldonline.com)
Foreclosure shadow inventory will take more than 40 months to clear (housingwire.com)
Fitch Ratings Predict Longer Recovery Period For Housing Market (rejournalonline.com)
Corporations, wealthy dominating politics (mcclatchydc.com)
Where do we go from here? (sanders.senate.gov)
2 More Nails In Dollar's Coffin: Republican "Victory", and Fed's QE2 (gonzalolira.blogspot.com)
Bernanke Admits Targeting Stock Prices (Mish)
Nic Lenoir Interprets The Oracle's Words (zerohedge.com)
The Fed's $600 Billion Statement, Translated Into Plain English (npr.org)
As Fed Policy Sinks the Dollar, Prices of Essentials Soar (dailyfinance.com)
Who really runs Economy money amp; Banking system (youtube.com)
Federal Reserve celebrates 100 years of dominating America (youtube.com)
Bernanke & FED Warlords Head Back To Jekyll Island To Celebrate 100 Years Of Printing (dailybail.com)
America's Alarm Clock Has Rung: Time's Up (4closurefraud.org)
America Has Been Checkmated By China (patrick.net)

Thu Nov 4 2010
7 Million Noncurrent Loans, 2 Million Foreclosures (Mish)
Trump to sell California estate at huge loss: paid $27M, asking $12M (housingwatch.com)
Why Las Vegas Property Tax Assessments Will Exceed Market Value (nreionline.com)
Experts Scuffle Over Australian Housing Market (blogs.wsj.com)
New rule to cool property speculation in Malaysia (btimes.com.my)
On The Reality Of Depressions; Bernanke's Folly (market-ticker.org)
The Fed's big gamble.. even lower interest rates (patrick.net)
Huge bank profits needed to protect the public. Right... (theage.com.au)
Make Rogue Corporations Pay for Foreclosure Crisis (news.yahoo.com)
Stalemate seen in Congress on banking and housing (reuters.com)
Freddie Mac Posts Net Loss of $4.1 Billion (nytimes.com)
Housing Recovery Stalled: Freddie CEO (thestreet.com)
Nancy Pelosi on Jon Stewart (dailybail.com)
Should the IRS Give Taxpayers an Itemized Receipt? (taxprof.typepad.com)
Discussion of Land Tax in Ireland (long video - smarttaxes.org)
Fraud Started At the Very Top: With Government Leaders (washingtonsblog.com)
Mortgage Lending Catching Up to Politicians in Legalized Corruption Department (sites.google.com)
Why not just mortgage your children? (salon.com)

Wed Nov 3 2010
Selling $4M-plus house? Wait 6 years! (lansner.ocregister.com)
9 Years of Housing Backlog at Current Sales Pace (Mish)
Houseownership Rate at 1999 Levels (calculatedriskblog.com)
Housing's Head and Shoulders Formation Bay Area Real Estate Trends (bayarearealestatetrends.com)
How the Election Will Affect Housing (newsweek.com)
Houseownership Stays At Lowest Level In A Decade (huffingtonpost.com)
18.8 Million Vacant Housing Units Mean Housing Bottom Still Far Away (economicpopulist.org)
1 out of 21 distressed properties show up on the MLS for Pasadena (doctorhousingbubble.com)
Why interest rates make it a bad time to buy (market-ticker.org)
Bernanke Will Cause "Massive Shock" To The Hong Kong Housing Bubble (businessinsider.com)
Bank of India hikes short-term rates, tightens housing loan norms (thehindubusinessline.com)
Collapse of Irish Economy Predicted in 1998 (RTE on youtube.com)
Irish, Greek bonds drop (marketwatch.com)
England Housing Prices Out Of Reach For Many First-Time Buyers (nuwireinvestor.com)
First-time House Buyers - Gazundering is your friend (firsthomebuyer.co.uk)
Gaming the New Rules of Health Insurance (kiplinger.com)
The Real Estate Market in 2030 (zerohedge.com)
Fixing The Deficit By Taxing The Rich (dailybail.com)

Tue Nov 2 2010
U.S. house prices expected to slide another 8% (money.cnn.com)
Robert Shiller Sees More Housing Pain Ahead (kiplinger.com)
Number of Californians entering foreclosure rises 19% (latimes.com)
Indians investing in US foreclosures (indiatimes.com)
The foreclosure effect on house prices (baltimoresun.com)
Estimating Impact of Land Regulation On House Cost (newgeography.com)
Extreme Readings in Bullish Investor Sentiment, Insiders Bail at Highest Rate Ever (Mish)
Personal income drops unexpectedly (money.cnn.com)
Millions of houseowners keep paying on underwater mortgages (latimes.com)
Two views of the post-housing bubble apocalypse (latimes.com)
Housing Matters Little to U.S. Consumers' Wealth (bloomberg.com)
Quantitative Easing QE2 Won't Necessarily Lead To High Inflation (minyanville.com)
Conflict of interest continue at the banks (nytimes.com)
William Black testimony to Financial Crisis Inquiry Commission (patrick.net)
Mortgage bond insurer Ambac misses bond payment. Oh the irony. (news.yahoo.com)
Republicans Now Best At Taking Bribes From Finance and Real Estate Interests (realestatechannel.com)
Well, try reverse again. (dvorak.org)
36 Ind. unemployment officers to have armed guards (chicagotribune.com)

Mon Nov 1 2010
Foreclosure Freeze Cuts Sales, Supply in Hardest-Hit States (bloomberg.com)
Foreclosure Mess Even Worse in 'Nonjudicial' States (dailyfinance.com)
Amid mortgage mess, owners blindsided (washingtonpost.com)
Orange County daydreaming prices to increase 50 percent by 2016 (doctorhousingbubble.com)
Housing Question From Down Under (Mish)
Australians swoop in on U.S. foreclosures (money.cnn.com)
Don't Think Housing Matters Like It Used To (businessinsider.com)
To keep college debt to minimum, don't think of it as surefire investment (boston.com)
Keep government out of housing (commercialappeal.com)
Hedge-fund Manager Criticizes Bernanke, Warns Of Hyperinflation (nasdaq.com)
US Hears Echo of Japan's Woes (nytimes.com)
BOA Gets $20 Billion Warning Letter From Insurance Industry (livinglies.wordpress.com)
How the Banks Put the Economy Underwater (nytimes.com)
On election day, make sure we don't throw the bums in (latimes.com)
3.8% tax on real estate transactions applies ONLY to PROFITS over $500,000 (snopes.com)
White collar recession, blue-collar depression (marketwatch.com)
Do the Rich Need Coddling? (motherjones.com)
How to End the National Debt in One Day (youtube.com)

Fri Oct 29 2010
Foreclosure activity up across most US metro areas (mynorthwest.com)
Foreclosure Crisis Is Spreading, New Data Show (npr.org)
Treasury Links Foreclosure Ills to Better Housing Prices (nytimes.com)
TARP Watchdog Makes Chilling Comment About Foreclosure-Gate (businessinsider.com)
New House Sales Stuck at Rock-Bottom (blogs.wsj.com)
'How To Forge A Client's Signature' And Other Lessons From Ameriquest (dailybail.com)
"Straight Talk" with Economic Bloggers (Mish)
Signs Hyperinflation Is Arriving (gonzalolira.blogspot.com)
2010 Contraction Now Crushing Consumers More Than Great Recession (businessinsider.com)
In Spain, Houses Are Taken but Debt Remains (nytimes.com)
GOP leader calls for weaning housing market from government support (scrippsnews.com)
New Theory on Evolution of Poltical Beliefs (miller-mccune.com)
The Robin Hood Tax (robinhoodtax.org)
Bill Gates, Sr, Promotes 'Robin Hood' Tax On WA Wealthy (huffingtonpost.com)
Portrait emerges of woman whose mummified body was found in realtor's car (latimes.com)

Thu Oct 28 2010
Low household formations translate to high vacancy rates (firsttuesdayjournal.com)
Bernanke's Failed CNBC Predictions From 2005-07 (dailybail.com)
Bill Gross' calls QE Policy History's Most "Brazen Ponzi Scheme" (Mish)
Fed zombies hungry for quantitative easing (marketwatch.com)
Treasury: Foreclosure woes not systemic threat (financialpost.com)
Irwindale officials spent lavishly during trips to discuss housing for poor (latimesblogs.latimes.com)
Economy is running out of gas (marketwatch.com)
How Much Does It Cost the Government To Prevent a Foreclosure? (theatlantic.com)
Mortgage Mess Could Hit Banks, Housing (sandiegoreader.com)
The real foreclosure mess: Lack of accountability for banks (washingtonpost.com)
Mortgage scandal boosts investors' campaign to get banks to buy back securities (washingtonpost.com)
Elite group organizing campain to recover mortgage bond losses (blogs.wsj.com)
Mortgage Fraud and Foreclosure Fraud: The Perfect No-Prosecution Crime (usawatchdog.com)
Wall Street banks seeking to hide risks (bloomberg.com)
The real danger: another stealth bailout of the big banks (washingtonsblog.com)
Most Americans worry about ability to pay mortgage or rent (washingtonpost.com)
Val Kilmer slashes price of New Mexico ranch by $10 million (sfgate.com)

Wed Oct 27 2010
Mortgage Bankers Push Housing Recovery to uh, 2012 (blogs.wsj.com)
Housing Cliffdives (hard to see that last data point, so small...) (dailybail.com)
US stocks down after weak housing report (economictimes.indiatimes.com)
US house prices dip again in August (bbc.co.uk)
House prices fell in August, near lows (finance.yahoo.com)
San Diego's slight house price rise stalls in August (signonsandiego.com)
Beach house from list at $2,900,000 to selling for $900,000 (doctorhousingbubble.com)
LA houses advertised in China (shanghai.craigslist.com.cn)
Australian housing hurtles toward disaster (smh.domain.com.au)
Real House Prices, Price-to-Rent Ratio (calculatedriskblog.com)
With foreclosures crisis, banks undermine faith in markets (money.cnn.com)
US should remove top bank execs over foreclosure mess (voices.washingtonpost.com)
Mortgages to Drop Below $1 Trillion in 2011 to Least Since 1996 (bloomberg.com)
Even The Super-Rich Prefer Renting To Buying In This Market (businessinsider.com)
Top Incomes Grew Five-Fold in 2009 to an Average of $519 Million (dailyfinance.com)
Number of Californians entering foreclosure rises 19% (latimes.com)
How Long Does Foreclosure Take? (npr.org)
Judge Judy: Before the Mortgage Crisis (youtube.com)
End Social Security And Medicare Now! (patrick.net)

Tue Oct 26 2010
Plans to cut the federal budget deficit could affect mortgage debt subsidies (articles.latimes.com)
Housing and banking lobbies will kill any attempt to free citizens from debt (marketwatch.com)
Existing House Inventory increases 8.9% Year-over-Year (calculatedriskblog.com)
99 Weeks: When Unemployment Benefits Run Out (cbsnews.com)
The Real Unemployment Rate Is 17% (realclearpolitics.com)
226,000 could lose jobless benefits (economy.ocregister.com)
Backdoor Foreclosure Via Insurance (mindonmoney.wordpress.com)
Liquidity Traps, Falling Velocity, Commodity Hoarding, and Bernanke's Misguided Tinkering (Mish)
Why the Fed's 'Trickle-Down Economics' Is Failing (dailyfinance.com)
Fed is dumpster for banks' smallpox-blanket-grade mortgage bonds (kunstler.com)
What is a currency war, and how do you win one? (slate.com)
US banking regulators in new foreclosures probe (bbc.co.uk)
Banks can't even manage to act in their own interest (nytimes.com)
Commercial Property Prices in U.S. Decline to Eight-Year Low (bloomberg.com)
Global house prices (economist.com)
A $10 million house in bubble days is now a $5 million house (reuters.com)
Unemployment Misery, Lower Earnings For All But Super Wealthy (huffingtonpost.com)
One rich guy who wants to pay higher taxes: Bill Gates Sr. (mcclatchydc.com)
Mukesh Ambani: India billionaire's house in Mumbai (latimes.com)
Housing Cartoons (Last one best) (ritholtz.com)

Mon Oct 25 2010
Interview with Gary Shilling: housing to fall 20% more (cnbc.com)
Sudden and Dramatic Drop in U.S. House Prices: 5.9% price drop in 2 months (clearcapital.com)
Unmentioned Elephant In Foreclosure Fraud Room: Second Liens (blogs.alternet.org)
Foreclosure crisis is about who gets stuck with $1.1 trillion in losses (businessweek.com)
We'd like to return these bad loans, please (money.cnn.com)
To fix the economy, let bad banks die (latimes.com)
FDIC Called On To Put Bank Of America Into Receivership (commondreams.org)
Mortgage interest deduction subsidizes wealthy at expense of middle class (mybudget360.com)
Reduction in debt subsidies could be in houseowners' futures (contracostatimes.com)
California unemployment: Government job losses (latimes.com)
Housing Calculator Guy Apologizes For Lack Of Negative Numbers (npr.org)
Dubai: Real Estate Crash Sends Prices, Rents Falling (news.yahoo.com)
Apartments are a good investment for some (usatoday.com)
Demand Rising for Rentals Among the Ultrarich (nytimes.com)
Income Inequality Linked to Senate Standoffs (miller-mccune.com)
Health Care and the Campaign (nytimes.com)
Was Fraud the Business Model for the Entire Mortgage Industry? (washingtonsblog.com)
Inside Job (film) (en.wikipedia.org)
Banks defeat regulation (salon.com)
Mobile Homes from Cullman Liquidation (honesty in advertising) (biggeekdad.com)

http://patrick.net/housing/crash.html

The paperwork wasn't "lost"

It was shredded


Forensic accounting with Karl Denninger

Recognize the name Karl Denninger?

He and a few friends started the Tea Party movement - and promptly left it when it became a right wing Republican plaything.

The original Tea Party issue?

Financial fraud on Wall Street and the need to jail the perpetrators.

Have you heard any of the Tea Party candidates even mention this subject?
'
Anyway, Denninger points out a chilling reality: Bankers don't lose loan documents. They have hundreds of years (thousands in you include Babylon) of experience keeping their paperwork (and clay tablets) straight.

So what happened to all that real estate loan paperwork?

The banks shredded it.

Why?

Most of the loans were fraudulent from the get-go.

The loan agents lied...the loan packagers lied...the rating agencies lied...the investment banks lied...the Fed lied...the Congress lied...the White House lied...

It was a gold rush of fraud, directed from the top - and now it's coming unraveled. I guarantee the next two years will be very "interesting."

Karl Denninger knows where the bodies are buried and all he needed to find the problem was a $5 calendar and the ability to read the English language.

Karl's report on what happened to the Tea Party - it's market-related:

How political jackals co-opted the Tea Party and took the heat off Wall Street


Now that the BS elections are over...and a new group
of crooks is in office...and some of the old crooks held on...
here's a real shocker.

Ever wonder what happened to all that real estate loan paperwork
the banks can't seem to put their hands on now?

Did they lose it?

No.

The shredded it.

Here's why and what it means.

Video:

http://www.realecontv.com/page/657.html

Ken McCarthy
Real Econ TV

P.S. Please feel free to share this e-mail.



Kathyet