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BA.net feedsburner CalculatedRisk News 24/07/2008

News Home Archive 2008-07-23T21:06:51.910-04:00 Calculated Risk </h3> <link rel="alternate" type="text/html" href="http://calculatedrisk.blogspot.com/" /> <link rel="http://schemas.google.com/g/2005#feed" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/posts/default" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </generator> <openSearch:totalResults>4381 </openSearch:totalResults> <openSearch:startIndex>1 </openSearch:startIndex> <openSearch:itemsPerPage>25 </openSearch:itemsPerPage> <link rel="self" href="http://calculatedrisk.blogspot.com/atom.xml" type="application/atom+xml" /> <feedburner:browserFriendly>This is an XML content feed. It is intended to be viewed in a newsreader or syndicated to another site. </feedburner:browserFriendly> <entry> </id> <published>2008-07-23T20:50:00.002-04:00 </published> <updated>2008-07-23T21:06:51.931-04:00 </updated> <title type="text">Inman: Housing Bulls vs. Bears </h3> <summary type="text">I participated on a panel today on housing at the Inman Real Estate conference in San Francisco. I wasn't the most bearish participant - that goes to John Williams of Shadow Stats - but it was definitely fun. We only barely touched on most housing subjects ... Oh well. I think it's safe to say that even the bulls were a little bearish. Other bloggers included Yves Smith of Naked Capitalism </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/344092301/inman-housing-bulls-vs-bears.html" title="Inman: Housing Bulls vs. Bears" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/4494578079393945927/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-23T18:39:00.001-04:00 </published> <updated>2008-07-23T18:41:45.599-04:00 </updated> <title type="text">House Approves Housing Bill </h3> <summary type="text">From MarketWatch: House approves housing aid, Fannie-Freddie plan Senate is next. Bush will not veto. </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343998193/house-approves-housing-bill.html" title="House Approves Housing Bill" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/5427151240362251335/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-23T17:39:00.002-04:00 </published> <updated>2008-07-23T17:43:36.742-04:00 </updated> <title type="text">San Diego Sues BofA over Foreclosures </h3> <summary type="text">From Reuters: San Diego sues Bank of America over foreclosuresSan Diego City Attorney Michael Aguirre said on Wednesday he had filed a lawsuit against Bank of America ... and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a "foreclosure sanctuary."Oh my ... Note: I'm at the Inman Real Estate conference in San Francisco. I'll </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343953313/san-diego-sues-bofa-over-foreclosures.html" title="San Diego Sues BofA over Foreclosures" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/8696775923549815669/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-23T13:44:00.002-04:00 </published> <updated>2008-07-23T13:48:45.010-04:00 </updated> <title type="text">Fiscal Deficits Worsen for States </h3> <summary type="text">From the WSJ: States Face Threefold Increase In Budget Shortfall for 2009 A new report is projecting that the cumulative fiscal-year 2009 budget shortfall for U.S. states will more than triple to $40.3 billion as the economic slump makes it more difficult for states to collect sufficient revenues.More ripples from the weak economy. </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343778064/fiscal-deficits-worsen-for-states.html" title="Fiscal Deficits Worsen for States" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/1139131155777784210/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-23T11:30:00.000-04:00 </published> <updated>2008-07-23T11:30:00.301-04:00 </updated> <title type="text">On Construction Loan Delinquences </h3> <summary type="text">A few stats from the WSJ: Equal-Opportunity Crisis (hat tip Michael) Foresight Analytics ... estimates that construction-loan delinquencies among all property types reached 9% in the quarter, up from 7.2% in the first quarter and 2.4% in the year-earlier period. ... Among loans to single-family-housing developers, an estimated 12% of the loans were at least 30 days past due, compared with 10.8% </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343657545/on-construction-loan-delinquences.html" title="On Construction Loan Delinquences" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/6657053177199675942/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-23T09:47:00.002-04:00 </published> <updated>2008-07-23T09:56:22.835-04:00 </updated> <title type="text">WaPo: Housing Bill to Eliminate DAPs </h3> <summary type="text">Note: Down Payment Assistance Programs (DAPs). Tanta and I have written extensively (and negatively) about DAPs for years. From the WaPo: Congress Is Set to Limit Down-Payment Assistance (hat tip Bob_in_MA) [T]he FHA said seller-funded down payments present the single biggest challenge to its solvency. Borrowers who take part in these arrangements go to foreclosure at nearly three times the </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343573990/wapo-housing-bill-to-eliminate-daps.html" title="WaPo: Housing Bill to Eliminate DAPs" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/4188209723164260536/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-23T09:07:00.003-04:00 </published> <updated>2008-07-23T09:15:45.026-04:00 </updated> <title type="text">Fannie's REOs Piling Up </h3> <summary type="text">From Bloomberg: Fannie Mae Unsold $5 Billion Homes Bring Peril to Shareholders Fannie Mae acquired twice as many homes through foreclosure in the first quarter as it sold, regulatory filings show. ... Late payments on the company's home loans, a harbinger of foreclosures, almost doubled in the past year. Together, Fannie Mae and Freddie Mac, the two biggest U.S. mortgage finance companies, </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343551447/fannies-reos-piling-up.html" title="Fannie's REOs Piling Up" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/1710383046939759529/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-23T08:40:00.003-04:00 </published> <updated>2008-07-23T08:47:07.393-04:00 </updated> <title type="text">MBA: Mortgage Rates Up Sharply </h3> <summary type="text">The MBA released their weekly survey of mortgage applications and interest rates this morning: Mortgage Applications Decrease In Latest MBA Weekly Survey The average contract interest rate for 30-year fixed-rate mortgages increased to 6.59 percent from 6.22 percent ... The average contract interest rate for one-year ARMs remained unchanged at 7.16 percent ... Note: this data is for the week </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343526448/mba-mortgage-rates-up-sharply.html" title="MBA: Mortgage Rates Up Sharply" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/8520750693378608940/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-23T02:01:00.000-04:00 </published> <updated>2008-07-23T02:01:00.546-04:00 </updated> <title type="text">Daily Show Video: Confessions of a Subprime Lender </h3> <summary type="text">Jon Stewart interviews Richard Bitner: </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343260862/daily-show-video-confessions-of.html" title="Daily Show Video: Confessions of a Subprime Lender" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/7780239073321436974/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-22T23:44:00.002-04:00 </published> <updated>2008-07-22T23:50:55.999-04:00 </updated> <title type="text">Report: Deal Reached on Housing Legislation </h3> <summary type="text">Bloomberg: U.S. Lawmakers Reach Deal on Fannie, Freddie Bill WSJ: Lawmakers Reach Deal On Big Housing Package Here is an interesting detail: The Treasury would be barred from providing aid that would cause a breach in the federal debt ceiling under the agreement, a constraint aimed at limiting any taxpayer losses. The debt limit would be raised to $10.6 trillion from the current $9.815 trillion </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343177863/report-deal-reached-on-housing.html" title="Report: Deal Reached on Housing Legislation" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/2324633765232587111/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-22T22:03:00.004-04:00 </published> <updated>2008-07-22T23:42:35.082-04:00 </updated> <title type="text">WSJ: Mortgage Rates Increase Sharply </h3> <summary type="text">UPDATE: from Vikas Bajaj at the NY Times: Woes Afflicting Mortgage Giants Raise Loan Rates Ruth Simon and James Hagerty at the WSJ report: Mortgage Rates Near a Year High. According to the Journal - reporting data from HSH Associates - 30 year rates rose to an average of 6.71% last week, and jumbo rates have risen to an average 7.84%. I usually track mortgage rates using Freddie Mac's weekly </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343117809/wsj-mortgage-rates-increase-sharply.html" title="WSJ: Mortgage Rates Increase Sharply" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/896821086560114954/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> </id> <published>2008-07-22T19:38:00.002-04:00 </published> <updated>2008-07-22T19:41:57.647-04:00 </updated> <title type="text">Roubini on Housing Crisis </h3> <summary type="text">From Yahoo Tech Ticker: Roubini: More Than $1 Trillion Needed to Solve Housing Crisis </summary> <link rel="alternate" type="text/html" href="http://feeds.feedburner.com/~r/CalculatedRisk/~3/343013640/roubini-on-housing-crisis.html" title="Roubini on Housing Crisis" /> <link rel="replies" type="application/atom+xml" href="http://calculatedrisk.blogspot.com/feeds/1303218085172316082/comments/default" title="Post Comments" /> <author> <name>CalculatedRisk </name> </uri> </email> </author> </entry> <entry> <p> <a href="http://www.fonosip.com/" target="_top"> <img src="http://fonosip.com/gifs/logo_ad14.gif" width=189 height=77 border=0 align=right alt="Logo Fonosip.com"></A> <a href="./rss.xml" target="_top">Subscribe with an RSS reader <img src="http://voip.brujula.net/gifs/rss.png" width=16 height=16 border=0></a> <a href="./archive/" target="_top">Older News Archive</A> <a href="./syndicate.html" target="_top">Add news to your web site</A> <a href="http://www.pheedo.com/click.phdo?x=66b2c05330304248a29f2f3cb0c4f3b6&u=%%UNIQUEID%%"><img src="http://www.pheedo.com/img.phdo?x=66b2c05330304248a29f2f3cb0c4f3b6&u=%%UNIQUEID%%" border="0"/></a> </td></tr> <td><BR><BR> <p> <A href="http://www.ba.net/news/">Finance</a> <b>Blogs: </b> <a href="http://www.ba.net/news/feedsburner/seekingalpha/">SeekingAlpha</a> <A href="http://www.ba.net/news/feedsburner/seekingalpha/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <a href="http://ba.net/news/feedsburner/venturecapital/">Venture Capital</a> <A href="http://www.ba.net/news/feedsburner/venturecapital/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <a href="http://ba.net/news/feedsburner/sai/">Silicon Alley Insider</a> <A href="http://www.ba.net/news/feedsburner/sai/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <a href="http://ba.net/news/feedsburner/pfblog/">Personal Finance Blog</a> <A href="http://www.ba.net/news/feedsburner/pfblog/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <a href="http://ba.net/news/feedsburner/traderstrade/">TradersTrade</a> <A href="http://www.ba.net/news/feedsburner/traderstrade/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <a href="http://ba.net/news/feedsburner/venturebeat/">VentureBeat</a> <A href="http://www.ba.net/news/feedsburner/venturebeat/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <a href="http://ba.net/news/feedsburner/feldthoughts/">FeldThoughts</a> <A href="http://www.ba.net/news/feedsburner/feldthoughts/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <a href="http://ba.net/news/feedsburner/sbt/">Small Business Trends</a> <A href="http://www.ba.net/news/feedsburner/sbt/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <a href="http://ba.net/news/feedsburner/financialtimes/">Financial Times</a> <A href="http://www.ba.net/news/feedsburner/financialtimes/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <a href="http://www.ba.net/noticias/digg/finance/">Digg Finance</a> <A href="http://www.ba.net/news/digg/finance/rss.xml"> <img src="http://brujula.net/gifs/rss-icon.gif" border=0 width=13 height=13></a> <b>Live TV</b> <a href="http://www.brujula.net/youtube/bloombergus-channel.html">Bloomberg</a> | <a href="http://www.brujula.net/youtube/bloombergus-channel.html">USA</a> | <a href="http://www.brujula.net/youtube/bloomberg-channel.html">Asia</a> | <a href="http://www.brujula.net/youtube/bloomberguk-channel.html">UK</a> | <a href="http://www.brujula.net/youtube/bloombergbr-channel.html">Brazil</a> | <a href="http://www.brujula.net/youtube/nbcnews-channel.html">CNBC News</a> <b>Forums: </b> <A HREF="http://www.brujula.net/foros/newspage/misc.invest.html">misc.invest.*</a> <HR NOSHADE> <p><center> <!!--#exec cmd="/cgi-bin/banner"--> <table><td> <script type="text/javascript"> GA_googleFillSlot("news-finance-banner-bottom"); 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