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Archive for the 'real estate recession' category


Bachelor Pads

BACHELORS always seemed to have it made. With only themselves to support, they could flash their cash and trick out their apartments in such a way that James Bond himself would feel at home shaking himself a martini in their ultra-cool, chick-magnet pads.
But times have changed… Bachelor pads are a lot less fun when you’re [...]

11/14/09 | Leave a comment »



Bank Failure Update

The FDIC closed five more banks on Friday, and that brings the total FDIC bank failures to 69 in 2009.
The pace has really picked up recently, with the FDIC seizing almost 5 banks per week in July, and with 5 months to go, it seems 125 to 150 bank failures this year is likely.

08/01/09 | Leave a comment »



Here’s some good news about the recession

The recession makes us faster. The following is from NPR News:
Looking for a glimmer of hope in the recession? Maybe losing a job can help you become fitter and faster. That’s the conclusion of a piece today in the Wall Street Journal that points to improving marathon times across the country in 2009.
For example, [...]

07/08/09 | Leave a comment »



Boston Fed: Obama Loan Program Unlikely To Work

A study released by the Federal Reserve Bank of Boston this week indicates that the $75 billion that the Obama administration is directing to the lending industry to encourage loan modifications probably won’t work.
The four-month-old anti-foreclosure program has — at least so far — shown weak results. According to the Obama administration’s own estimate, “over [...]

07/08/09 | 3 Comments »



Record – Real Estate Home-Equity Loan Delinquencies

From Bloomberg: U.S. Home-Equity Loan Delinquencies Set Record in First Quarter
Late payments on home-equity loans rose to a record in the first quarter …
Delinquencies on home-equity loans climbed to 3.52 percent of all accounts in the quarter from 3.03 percent in the fourth and late payments on home-equity lines of credit climbed to a record [...]

07/07/09 | Leave a comment »

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