Posts with tag economic recovery

I hate to say I told you so.... but we warned you not to believe all the rosy news. Yes, a week and a half ago, I wrote that the headlines crowing about declining foreclosure filings, suggesting a light at the end of the tunnel, were misleading because many homeowners were in limbo waiting for lenders to decide whether... Continue Reading »

Hundreds of thousands of people lost their jobs and joined the unemployment lines last week -- slightly less people than the week before, but still far too many to help stabilize our housing market, prevent foreclosures and grow our economy. The number of people who filed for their first week of unemployment benefits... Continue Reading »

Happy Birthday, HAMP! As the federal foreclosure mitigation program hits the one-year mark, it's finally helping a significant number of people renegotiate their mortgage payments and stay in their homes. More than a quarter million people had been approved for permanent home loan modifications through the $75 billion... Continue Reading »

The headlines this morning (including our own) seems to suggest a light at the end of the foreclosure tunnel. "U.S. Foreclosure Filings Increase at Slowest Pace in Four Years," proclaims Bloomberg. Any reasonable reader would be justified in coming to the conclusion from the headline -- which, I'm afraid, is where many... Continue Reading »

Economic signals have been all over the map lately, making it hard to get a handle on what's happening in the housing market and broader economy. Every now and again, it is of value to connect the dots -- the sort of thing U.S. intelligence agencies historically fail to do combating terrorism -- to get a truer picture of... Continue Reading »