posted by Bill Coppedge

Real Estate Foreclosures - Want to see some really ugly numbers?

RealtyTrac released its foreclosures data by metropolitan area. The findings, discussed in a story Forbes ran this morning called “Foreclosures Hurt Housing Market Further” are detailed below. - Dr. John Rutledge Blog

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Last 25 Yrs.: Most Stable Economy in U.S. History - Mark Perry -  Carpe Diem
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look at this list - Blacklist Domino Effect about to Hit Florida -  has copy of BankUnited’s list -  globaleconomicanalysis

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video - Tony Kolton on the Markets – Part II - Tony Kolton contemplates some of the after-shocks of subprime; consumer debt. Tony also discusses what role the goverment might play and is there another bailout possible. -   riskcenter.com free reg. 
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Andrew Davidson Industry Insight - If It Ain’t Broke, Don’t Fix It - Restoring the value of securitization to borrowers and investors will take significant changes in the securitization business. -  riskcenter.com free reg.

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Legg Mason Raises Countrywide Stake; Others Jockey for Position As Well  -  housingwire

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Is the U.S. in a Recession? - Gallup’s chief economist tackles this and other pressing questions — and tells how business can protect itself if there’s a serious downturn - Gallup

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Freddie Mac reduces Reference REMIC deal - Reuters

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Testimony of Chairman Bernanke on the economy and financial markets - FED

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Half Up, Half Down — Real Estate in Q4 ‘07 - For those interested, the National Association of Realtors released their Q4 ‘07 home price survey today. The report showed that half (73 out of 150) of the cities analyzed showed increases in year over year prices in the fourth quarter. -  BIG 
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The Tax Treatment of Homeowners and Landlords and the Progressivity of Income Taxation - Using a model that emphasizes the decision to own a home versus renting, the authors determine that movement toward a less progressive income tax structure can generate significant increases in homeownership and welfare. - FRB Atlanta Working Paper 2008-6
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The Fantasy of Bank Goodwill -  Banks’ best option is to not create any in the first place. If they do though, they shouldn’t ignore it.  - Vernon Hill -  bankstocks.com 

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Builder Strategy: Start A New Company - While 2008 promises to be one of the most difficult years in home building, it will also present many opportunities, particularly for those individuals who do not have recourse loans. Here are 3 suggestions: 1.  Start a New Company  2.  Load up on Land  3.  Develop Your Exit Strategy Now - John Burns RE Consulting

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CMPS Institute Responds to Passage of Economic Stimulus Package - Understanding the Higher Loan Limits - has examples -  PRweb
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FAQ’s of Reverse Mortgage Settlement - Active Rain  - thanks to John Yedinak at Reverse Mortgage Daily  for this - check out his weekend reading. 
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good article - What the Shape of the Yield Curve Is Telling Us - David Merkel - The Aelph Blog

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SEC Probes Dozens of Subprime Lenders - Teaming with the FBI, the regulator wants to determine whether the crisis is criminal. - CFO.com