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America's property market: Home truths

Economist Original article ›

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A new U.S. housing foreclosure crisis looming for 2010-2011.

10/01/2009

By conservative estimates according to NYT, 2.4 million homes will be lost to foreclosure in 2010. The faulty documentation poses a serious problem for banks, as they may be forced to buyback the mortgage securities sold improperly.

Grouped Articles

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Mortgage Damage Spreads

Wall Street Journal 10/16/2010

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

Economist.com

Economist 10/01/2009

Economist.com

Economist 10/01/2009

U.S. Mortgage Delinquencies Reach a Record High

New York Times 11/20/2009

The faulty foreclosure paperwork crisis that is hitting U.S. banks.

10/14/2010

Grouped Articles

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

Foreclosure Crisis Slams Into Banks

Wall Street Journal 10/15/2010

Out of Maine, a National Foreclosure Freeze

New York Times 10/14/2010

Florida Foreclosure Lawyers Are Scrutinized Over Procedures

New York Times 10/15/2010

The Foreclosure Crises

New York Times 10/14/2010

The Mortgage Morass

New York Times 10/14/2010

Failure to stem foreclosures under the Obama administration continues inaction under Bush administration.

08/24/2007

The failure of the Obama administration to break the cycle of foreclosures begetting falling house prices begetting more foreclosures, further weakening the banks and the economy, with strong action. It continues the missteps of the Bush period and may undo much of the good work in other areas such as stimulus, restructuring the auto industry and new priorities. Inaction here is coupled with inaction in relation to insolvent banks and is likely to prove costly.

Grouped Articles

Letting Bankers Walk

New York Times 07/17/2011

A Toxic Subprime Mortgage Bond's Legacy Lives On

Wall Street Journal 09/13/2013

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

The Case Against the Bernanke-Obama Financial Rescue

New York Times 05/16/2014

Bankrupt Housing Policy

New York Times 05/19/2014

Negative Equity in homes as a huge drag on the economy.

01/24/2010

2.4 million foreclosures estimated for 2009 by Moody's Economy.com on top of 2 millon in 2008.

Grouped Articles

Second-Lien Loans May Prompt New Losses for Banks

New York Times 07/16/2011

A Toxic Subprime Mortgage Bond's Legacy Lives On

Wall Street Journal 09/13/2013

The Case Against the Bernanke-Obama Financial Rescue

New York Times 05/16/2014

Underwater, but Will They Leave the Pool?

New York Times 01/24/2010

Anger Over Foreclosures Exposes Political Divisions

New York Times 10/11/2010

Housing Gloom Deepens

Wall Street Journal 10/26/2010


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