5 Articles match "Journal","New York"

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Shadow Inventory in New York City
Shadow Inventory in New York City The Wall Street Journal Is shadow inventory casting a pall over the already weak housing market in Manhattan and Brooklyn? We’ve written about shadow inventory in post-bubble markets, which appear to be on the mend...( read more
Foreclosure Pulse - Tuesday, August 11, 2009
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Long-Term Solution for Fannie and Freddie Dilemma
The huge problems at Fannie Mae and Freddie Mac were supposed to be resolved with new management and revamped accounting, but no resolution could revolve a basic issue: Private mortgage buyers are always at a disadvantage when competing against Fannie Mae and Freddie Mac. government, Fannie and Freddie dont need to be solvent," says the Wall Street Journal. "They Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller    Its been a rough year for Fannie Mae and Freddie Mac.
www.realtytrac.com - Tuesday, February 3, 2009
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Subprime Market Sinking Further Into the Abyss
The latest victim of its own success is New Century Financial Inc. As a result, the lender’s stock on the New York Stock Exchange (Symbol = NEW) plummeted almost 70 percent. The Orange County Business Journal reported Monday that Wall Street analysts are now predicting possible liquidation or bankruptcy for the once high flying subprime lender. The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone far beyond the $1 trillion worth of so-called “exotic”
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Shadow Inventory in New York City
    Shadow Inventory in New York City The Wall Street Journal Is shadow inventory casting a pall over the already weak housing market in Manhattan and Brooklyn? We’ve written about shadow inventory in post-bubble markets, which appear to be on the mend...( read more
    Foreclosure Pulse - Tuesday, August 11, 2009
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  • The $3 Billion Foreclosure Payday
    In one year, Paulson made more money than The Donald made in a lifetime, according to the Wall Street Journal . During the last housing slump, Paulson was a foreclosure investor, buying two distressed properties; a New York apartment and a large home in the Hampton on Long Island. Meanwhile, Wall Street had started a new trading index to bet for or against subprime mortgages, called the ABX, which reflect the value of a pool of subprime mortgages made You may not know who John Paulson is, but you soon will. Last year, Paulson made $3 billion betting on foreclosures
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Subprime Market Sinking Further Into the Abyss
    The latest victim of its own success is New Century Financial Inc. As a result, the lender’s stock on the New York Stock Exchange (Symbol = NEW) plummeted almost 70 percent. The Orange County Business Journal reported Monday that Wall Street analysts are now predicting possible liquidation or bankruptcy for the once high flying subprime lender. The latest developments in the subprime lending market should have the entire real estate industry up in arms (figuratively and literally). The problem has gone far beyond the $1 trillion worth of so-called “exotic”
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Celebrity Foreclosures
    Rich people, it turns out, are just as vulnerable as poor folks to foreclosure. New York Post celebrity real estate columnist Braden Keil today reported that Veronica Hearst, the widow and third wife of Randolph “Randy” A. for $6,225,000, according to The Wall Street Journal . Hearst, is fighting foreclosure proceedings on her 5.1 acre oceanfront estate in Manalapan, just south of Palm Beach, Fla.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Long-Term Solution for Fannie and Freddie Dilemma
    The huge problems at Fannie Mae and Freddie Mac were supposed to be resolved with new management and revamped accounting, but no resolution could revolve a basic issue: Private mortgage buyers are always at a disadvantage when competing against Fannie Mae and Freddie Mac. government, Fannie and Freddie dont need to be solvent," says the Wall Street Journal. "They Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller    Its been a rough year for Fannie Mae and Freddie Mac.
    www.realtytrac.com - Tuesday, February 3, 2009
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