Current Housing Indicators |
| CURRENT | PREVIOUS | ||
| Existing Home Sales | 4.91m | ▼ | 5.02m |
| New Home Sales | 460,000 | ▼ | 520,000 |
| Housing Starts | 817,000 | ▼ | 872,000 |
| Building Permits | 786,000 | ▼ | 857,000 |
| HMI | 14 | ▼ | 17 |
| Existing Home Prices | $203,100 | ▼ (annually) | $224,400 |
| New Home Prices | $221,900 | ▼ (annually) | $236,500 |
More Videos
- Did Someone Leak Treasury 4.5% Mortgage 'Plan'?
- Mortgage Applications Up, But Are They 'Real'?
- The Investor "Revolt" Over Modified Loans
- Predictions: 9 For '09 In Real Estate
- For Manhattan, The Issue Is Now Those Maintenance Fees
- The $500 Billion Buy Up Of MBS: Is It Really Enough?
- FHA's New Risky Loans Make Housing Even Riskier
- Fear Gripping Commercial Real Estate—But Question Is Why?
- Reasons NOT To Modify Troubled Home Loans
- Bailout For Builders—Are They Next In Line?
- Great Companies Come at Fair Prices
- Yoshikami: Investing & the Obama Presidency
- Wall of Shame: Fortress Investment's Wes Edens
- Cramer to Geithner: Let FDIC Chair Keep Her Job
- Lightning Round: Boeing, Medtronic, Agrium and More
- Lightning Round OT: Continental, Amylin Pharma and More
- Sell Block: Cramer's Solution for Mortgage-Backed Paper Mess
- Toll Brothers CEO's Housing Outlook
- Making Money Off M&A
- Citigroup Sells German Arm for $6.7 Billion
- Charts Predict S&P Festive Rally Above 1,000
- BMW's Global Sales Plunge by a Quarter in Nov.
- What the Pros Say: S&P May Fall to 700
- Bleak Jobs Data Forecasts Add to Automakers' Woes
- Euro Shares Extend Fall after US Jobs Data
- European Stocks to Open Sharply Lower
- Toshiba to Briefly Halt Chip Output on Weak Demand
- Boeing Mulls Pushing Back Dreamliner Deliveries
Text Size 
 |
AP Ed McMahon |
Apparently the community groups running this effort to save local borrowers didn't have the bodies to handle the call volume, so Fannie [FNM
Loading...
()
] volunteered to help.
I know I've been reporting this forever but in eavesdropping just in the room, I'm once again amazed at what's going on out there in loan land.
One guy who called in is in trouble on five mortgages. Yes he's one of those speculative investors we're always bashing, but that's still a lot. Some callers don't seem to understand the questions from the Fannie counselors, like, "Do you have a second lien on the property?" or "Who is your lender?"
related content |
I know everyone is gasping today over news that Ed McMahon is over a half a million dollars behind on his mortgage, but he's really not all that different from these callers, give or take a few million dollars in income. Ed needed to sell his home in order to pay off his loan, but nobody's buying. Same story everywhere.
What's really amazing is that despite all these unprecedented efforts to help, the foreclosures mount.
Stay tuned in tomorrow. The Mortgage Bankers Association releases its big quarterly delinquency report. It likely won't be good.
Questions? Comments?
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes