Archive for May, 2009
By: Myles, May 31st, 2009
When Time Magazine gets around to writing about it, you know it must be true (or old news).
From our perspective, unfortunately, the toothpaste has been out of the tube for quite some time. As such, read Stephen Gandel’s article Commercial Real Estate — the Economy’s Anvil.
Many argue the impact of the commercial real market collapse. Some […]
Tags: commercial mortgages
Posted in CMBS, Delinquency Rates, CMBX, Commercial Real Estate |
By: Myles, May 31st, 2009
Anyone applying for a mortgage or creating mortgage instruments or selling them — BEWARE.
The Chicago Daily New’s Ken Harney highlights a recent Obama administration piece of legislation and program that was put into law May 20th. It may not have made a big news, but for real estate it was the equivalent of a congressional declaration […]
Tags: Financial Crisis Inquiry Commission, Fraud Enforcement and Recovery Act of 2009, Mortgage Fraud
Posted in Fraud Enforcement and Recovery Act of 2009, Financial Crisis Inquiry Commission, Mortgage Fraud, CMBS, Refinance, Bankers, CMBX, Mortgages |
By: Myles, May 28th, 2009
As reported by ZeroHedge today – Mortgage Delinquencies Hit Record High, New Home Sales Disappoint. Green shoot believers, who are forever searching for clues of positive signs of recovery, will be devastated when they see these grave statistics. Sorry but the numbers are the numbers:
12 percent of homeowners with a mortgage are behind on their payments or in foreclosure.
Half of […]
Tags: 12% of Homeowners Underwater
Posted in Foreclosure, Foreclosures, Subprime, Bankers, Market Trending |
By: Myles, May 27th, 2009
Many have said to us, why publish so much negative news. Where is the good news. Two brief answers. First, it is what it is. Facts are facts. It’s very important that you know what “is.” And next, by knowing the bad news — up front – you not only get a heads-up, but you can position yourself to […]
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Posted in Residential Real Estate, Delinquency Rates, Subprime, Bankers, Mortgages, Market Trending |
By: Myles, May 22nd, 2009
SeekingAlpha’s Jeffrey Bernstein makes the case that – as a friend of mines 15 year old son Max likes to say — “things are gonna get a whole lot worse before it starts to get betta.”
Some glass-half-full rosy-eyed thinkers have even argued that the economy is now fixed. You know all the green-shoots and mustard seeds […]
Tags: credit crunch, Market Trends
Posted in Historical Perspective |
By: Myles, May 21st, 2009
More negative tea leaves of what is to come in 2010. In a sign of what is to come within the coming year, the Architecture Billings Index — which is compiled from a monthly survey of architecture firms around the U.S. – is a clarion call of leading economic indicators (a precursor of building activity over […]
Tags: Architecture Billing Index, Leading Economic Indicator
Posted in Economy, Architect Billing Index, Cresession, Market Trending, Commercial Title Companies, Commercial Real Estate |
By: Myles, May 19th, 2009
FRE NOTHAFT_05-06-09[1]
Publish at Scribd or explore others: Magazines & Newspape How-to-Guides & Manu […]
Tags: Freddie Mac Housing and Market Update, New Lows
Posted in Foreclosures, Foreclosure, Economy, Fannie Mae and Freddie Mac, Delinquency Rates, Annual Recap, Home Equity, Market Trending |
By: Myles, May 11th, 2009
Commercial real estate powerhouse RealPoint has downgraded several hundred deals and CMBS classes …. Beware!Realpoint CMBS
Publish at Scribd or explore others: usa Uncategorizable-Unca
RealPoint also provides a comprehensive April CMBS delinquency report. A must read. Most notable is the explosion in 90+ day delinquencies for March 2009 relative to April 2009.
In fact the deterioration is accelerating […]
Tags: CMBS, commercial real estate
Posted in CMBS, CMBX, Commercial Real Estate |
By: Myles, May 10th, 2009
For those of us who have to SEE IT, TO BELIEVE IT — there is an answer.
In today’s Wall Street Journal they have taken the Bank Stress Test Results and provided an interactive tool to understand how all 19 banks fared in each category reviewed.
Check it, now ….
Tags: Interactive Bank Stress Test Restults
Posted in Stress Test, Bankers |
By: Myles, May 8th, 2009
Stress Tests …. Right from the horses mouth ….
Publish at Scribd or explore others: Internet & Technolog software testing
Tags: Stress Test Results
Posted in Stress Test, Bankers |