Larry Kudlow discusses the journalistic merit of a Financial Times article, which triggered a brief sell-off in U.S markets. Larry McDonald, Newedge; Ed Butowsky, Chapwood Investments; and Ron Kruszewski, Stifel Nicolaus join in the discussion later.» Read More
In a scathing criticism of the Obama administration, Home Depot co-founder Bernie Marcus told CNBC Friday that Treasury Secretary Geithner should have a reality-TV show about small business, because it would illustrate how out of touch the Obama administration is with the private sector.
Had the Republicans taken control of Congress in 2008, the country would have sunk into a depression, House Speaker Nancy Pelosi (D-Calif.), told CNBC Thursday.
Felix Salmon points to an anomaly in the results of the latest National Housing Survey by Fannie Mae.
I'm sure you've all seen the headlines from RealtyTrac today that show a new record for bank repossessions. In some of the news reports today, I've also heard anchors make mention of some bright news in the report, that Notices of Defaults are down 30 percent from a year ago
US foreclosure activity rose in August from the previous month, and banks and lenders took ownership from homeowners at a record pace, according to a new report released Thursday.
Cash in your bets, it's official, government housing regulators are clueless.
Plus, a side of the housing story that no one seems to notice.
"This one got away from us. It was a miscommunication, and this agreement with these HFA's was signed without my knowledge," says the acting director of the FHFA, who added, "we are not doing this in the future."
Given the combination of the expiration of the home buyer tax credit and the increasing number of loans moving to final foreclosure, we knew that home prices overall would take a hit, but it would take a while. Well we're here.
A new study by Boston College's Center for Retirement Research says Americans are $6.6 trillion short of what they need to retire.
Sources at RealtyTrac confirm the number of bank repossessions will come in just shy of 100,000 for the month of August. That is the highest since the site began tracking in 2005.
Luxury homebuilder Toll Brothers announced Tuesday its longtime chief financial officer, Joel Rassman, has passed away.
It sounds counter-intuitive; as we continue to report all sorts of problems in the commercial real estate market, not the least of which is rising defaults in commercial mortgage-backed securities, real estate investment trusts, many of which invest in commercial real estate, are on a roll.
I haven't done the open house story in a while, but I couldn't help but notice the slew of ads in yesterday's paper touting "New Listing!" and "New Price!" August is pretty much the dead season in real estate and the weekend after Labor Day traditionally signals the start of the Fall market.
While reading Gretchen Morgenson’s column, “Housing Doesn’t Need a Crash. It Needs Bold Ideas.”, I was reminded of an experience I had while flying out of Nepal many years ago on PIA Pakistan Airlines.
In 2007, Goolsbee said that subprime was making the mortgage market more perfect.
Over at Realty Check this morning, our colleague Diana Olick describes the latest government mortgage program that allows first-time home buyers to pick up a home with no money down.
The government is trying to stem the tide of mortgage walkaways by creating programs that force lenders to give borrowers back home equity — and despite the small credit hit to the borrower, that's free equity.
The danger of a collapse in the commercial real estate sector seems to have been overcome due to he low interest rates, but investors are still waiting for the second shoe to drop in the downturn, Richard LeFrak, the LeFrak Organization president, told CNBC Friday.
Regulators should tighten lending rules for home mortgages in the US and the government is taking on a lot of risk by guaranteeing risky loans, Federal Deposit Insurance Corporation Chairman Shelia Bair warned.