Calculated Risk
Posted 4 hours ago
From Bloomberg: Credit Crisis Will Extend Into 2009, Oppenheimer Says The U.S. credit crisis will extend into and even beyond 2009 as banks will write off more than $170 billion of additional reserves
Tags: markets
Posted 5 hours ago
From the WSJ: Home Depot's Net Falls 66% As Homeowners Cut Projects Home Depot Inc. reported a 66% drop in fiscal first-quarter net income, thanks in part to restructuring charges, as it continues to
Posted 5 hours ago
Last week--I think it was last week--CR asked me at one point if I were going to write anything about Freddie's financials and the FAS 157 Uproar and I remember saying that our blog colleague Accrued
Tags: blog
Posted 6 hours ago
Here's a wee bit of cognitive dissonance with your coffee, courtesy of TheStreet.com:Neighborhoods across the U.S. are being ransacked. In fact, about 50% of homes have substantial damage following fo
Posted 15 hours ago
I used to take the weak ones. Now I m taking the whole herd. Boat Repo Man Jeff HendersonFrom David Streitfeld at the NY Times: Economic Tide Is Rising for Repo Man Some people lose their house
Tags: economy
Posted 21 hours ago
I fear that if the complaint in this case is written with anything like the care and clarity of this press release, Downey probably has little to worry about.The Complaint charges that Downey and cert
Tags: arms
Posted 21 hours ago
From Reuters: U.S. senators say have deal on housing rescue bill The two top members of the U.S. Senate Banking Committee announced on Monday that they have a deal that will create a multi-billion dol
Tags: housing
Posted 1 day ago
From DataQuick: Southland home sales highest in eight months Southern California home sales surged last month to the highest level since August as bargain shoppers took advantage of price slashing. Al
Posted 1 day ago
From Reuters: US Commercial property price fall most since 2000 -Moody's Moody's said prices of retail properties have dropped 5.7 percent from their peak in 2007, compared with declines of 3.4 percen
Tags: real estate
Posted 1 day ago
Ken Harney reports in the LAT: The FHA, which for decades has used a one-size-fits-all approach to pricing its insurance on home loans, plans to shift to a risk-based system keyed to FICO scores and
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