If you missed 60 Minutes Sunday, here’s a clip regarding the housing market.

It’s Called Quantitative Easing
I heard it in the headlines
It’s news all over town
We might be double dippin’
Green shoots have all turned brown.
It’s a balance sheet recession
With a housing overhang
But they’ve got a brand new program
And it will start you with a bang.
And it’s called, quantitative easing
They say results are always pleasing.
When liquidity all starts freezing
Just [...]

The 30-year, fixed-rate mortgage — the bedrock of American home ownership — but for how long?
Here’s an NYT op-ed where the writer compares a 30-year fixed-rate loan to a “financial Frankenstein’s monster.” And here’s a look at 3 possible scenarios for the U.S. mortgage market.
Your thoughts?

We can’t take credit for this idea — Scott Van Voorhis over at the Real Estate Now blog actually wrote about this earlier this week. The idea is that there’s positive news coming from the National Home Builders Association annual meeting in Orlando … and no one is really buying it. Maybe it’s because everyone [...]

Click here for Massachusetts home sales remain sluggish.

On the same day the Boston Herald posts an editorial calling for voters to vote “Yes” on Question 2, the repeal of the “affordable housing law,” the Boston Globe reports on a housing study that says Boston rents will remain high for the foreseeable future. The study is mostly a yawner, stating that the housing [...]

The Mortgage Bankers Association defaulted on its own real estate loan, after shaming homeowners who did the same.

The Daily Show With Jon Stewart
Mon – Thurs 11p / 10c

Steve Pearlstein at the Washington Post has some interesting points on foreclosures and how to sort this mess, both banks and borrowers must do the right thing
Listening to the fiery rhetoric about the mortgage mess emanating from politicians this week, you’d think that big bad banks were trying to foreclose on hundreds of thousands [...]