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New numbers are out today from the Hope Now Alliance. You may remember last fall, when Treasury Secretary Henry Paulson announced this new effort, bringing together mortgage servicers, counselors and investors to help borrowers in trouble.
The Mad Money host puts an expiration date on this misery and offers 10 reasons why he’s sure the end is near.
Medal Round - Only One Day to Go: With only one day left in the competition, the USA's S&P 500 finished the day up .25%, the only competing index to gain for the day. It'll take a big rally in Australia to catch the S&P, but who will take home the silver and bronze?
The losses stem mostly from inventory impairments and land write-offs. In English, that means the value of their properties are falling and they’re having to walk away from land that they can’t use because nobody is going to buy the house they would put on it.
D.R. Horton, the largest U.S. home builder, posted a bigger-than-expected quarterly loss as it wrote down the value of more holdings in a decimated real estate market.
It's the Fed's turn to sway the markets Tuesday, but stock traders will keep their eyes on the volatile oil and commodities markets.
Lennar, the second-largest U.S. home builder, reported a bigger-than-expected quarterly net loss as deliveries and new orders tumbled, sending its shares down nearly 5 percent.
It's time for the Fast Money market midterm. Our topic is the housing market. Hope you studied because this one could be ugly!
How about a silver lining in the housing crisis? According to the Harvard Joint Center for Housing Studies’ “State of the Nation’s Housing 2008,” things are bad now, but social trends will save the day. Here's why...
CFO Bill Wheat says they want to sell $400 million worth of land, the bulk of it in Florida, California, Arizona and New Mexico. That would get them to a three year supply.
Stocks fell sharply Tuesday as a warning from Goldman Sachs that banks may need to raise another $65 billion rippled through the market, offsetting any positive impact from Goldman's earnings.
Stocks gave up early gains Tuesday as investors weighed better-than-expected earnings from Goldman Sachs and a sharp jump in wholesale inflation. Oil climbed more than a dollar, trading between $133 and $134 a barrel.
The Dow suffered a triple digit loss on Wednesday after a bigger-than-expected drop in crude inventories sent investors scrambling. What's the "Word on the Street?"
U.S. home builders, struggling under sinking demand and a credit crisis, now face a fresh obstacle: competition from a flood of homes in foreclosure.
The trouble is that of all those “workouts” 106,000 were repayment plans, while approximately 77,000 were loan modifications. Critics argue that repayment plans don’t always get borrowers out of the total soup, especially if their adjustable-rate loans haven’t even reset yet.
For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.
When Fannie Mae has a day like Tuesday but still goes up anyway, what's a bear to do?
Disappointing report from Fannie Mae. They reported a loss of $2.57 per share, well above the loss of $1.48 estimated by analysts. A larger provision for credit losses was the main culprit. They're also raising $6b in new capital through offerings of common and convertible and non-convertible preferred stock.
D.R. Horton, largest U.S. home builder, halved its dividend and posted a quarterly loss of $1.3 billion Tuesday as it wrote down the value of its land and unsold homes and cut prices to boost sales, especially in California.
Wall Street could extend gains this week if financial results from market bellwethers such as Cisco Systems and data suggest the U.S economic slowdown is not as dire as once feared.