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« Will Bernanke Scoop Up $50 Billion Of Ireland's Toxic Assets? Fine Gael Seeks MASSIVE Loan From U.S. Fed | Main | Banks Win Again: Fed Caves On Debit Card Fees »
Thursday
Feb172011

Map Of U.S. States By Home Foreclosures

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Reader Comments (12)

J.P. Morgan Getting Squeezed In Silver Market?

http://globalresearch.ca/index.php?context=va&aid=22283
Dec 6, 2010 at 10:03 PM | Registered CommenterDailyBail
Doesn't look good for my home state of Florida. I was watching the news this morning and the fact that vacant homes are rising is proving to be quite the problem for cities for all manners of reasons. Like taxes, homeless, squatters, and even coyote families occupying vacant homes and then going out at night and eating pet cats.
Dec 8, 2010 at 11:44 AM | Unregistered CommenterHal (GT)
@hal...i had heard of everything except the coyotes...it's a wasteland...
Dec 9, 2010 at 12:05 AM | Registered CommenterDailyBail
Not fit for print...

Daley is personally opposed to the creation of Warren's brainchild, the CFPB, sources said, although he's in support of better regulation for the financial sector.
Jan 7, 2011 at 7:03 PM | Unregistered CommenterVote No
Keiser Report #96: 'Crash JP Morgan - Buy Silver'
http://www.youtube.com/watch?v=wN0rcNJXFfI
Jan 10, 2011 at 1:57 PM | Unregistered CommenterAnonymous
the funny thing is that they claim real estate is set to rebound soon...when i see headlines like that i laugh! this real estate bubble will take another 10 years to solve.
Feb 17, 2011 at 1:43 PM | Unregistered CommenterSell Short
I had no idea Florida was such bloodbath when compared even to CA and NV. Las Vegas has led the country in foreclosures for 48+ months. How is it that damn near the entire state of Florida is just as bad?

DB, I don't know about JPM getting squeezed in silver... I certainly hope so. But for the last few days the price just couldn't cross $31, and then today... Whammo! $31.80, seemingly for no reason at all.
Feb 17, 2011 at 6:14 PM | Unregistered CommenterCheyenne
cheyenne...the silver squeeze story was from dec. 6...when i first put up this map....though silver did do very nicely today...
Feb 17, 2011 at 10:32 PM | Registered CommenterDailyBail
U.S. cities struggle with blighted bank-owned homes

http://www.reuters.com/article/2012/06/08/us-usa-housing-blight-idUSBRE85707320120608

[snip]


The vacant home was foreclosed on in August 2011 by Bank of America, which has done nothing to repair it.

And in a cruel twist that underscores the connection between the housing meltdown and the fiscal crisis afflicting many local governments, the city of Los Angeles lacks the wherewithal to force the property owner to clean up the mess.

Across America, bank-owned, blighted houses sit untouched, sometimes for years, disfiguring what in many cases are already troubled neighborhoods. Activists say the problem is particularly acute in minority areas. And many cities do not have the resources, the will or the power to force banks to maintain their properties.
Jun 10, 2012 at 2:42 PM | Registered CommenterJohn
Obama’s Secret Plan to Prop Up Housing Prices

http://www.counterpunch.org/2012/09/04/obamas-secret-plan-to-prop-up-housing-prices/

[snip]

Private Equity firms are piling in to the housing market to take advantage of bargain basement prices on distressed inventory. The Obama administration is stealthily selling homes to big investors who are required to sign non-disclosure agreements to ensure that the public remains in the dark as to the magnitude of the giveaway. Aside from the steep discounts on the homes themselves, the government is also providing “synthetic financing to reduce the up-front capital required if they agree to form a joint venture with Fannie Mae and share proceeds from the rental or sale of properties.” (Businessweek)

In other words, US-taxpayers are providing extravagant financing for deep-pocket speculators who want to reduce their risk while maximizing their profits via additional leverage. The plan resembles Treasury Secretary Timothy Geithner’s Public-Private Partnership Investment Program, (PPIP) which Columbia University professor Joseph Stiglitz denounced in an op-ed in the New York Times. Here’s what he said:

“The Obama administration’s $500 billion or more proposal to deal with America’s ailing banks has been described by some in the financial markets as a win-win-win proposal. Actually, it is a win-win-lose proposal: the banks win, investors win — and taxpayers lose.”

The same rule applies here. Speculators are getting lavish incentives (gov financing, low rates, and severe discounts) in secret deals to buy distressed inventory which should be available to the public at market prices. If that’s not a ripoff, then what is?
Sep 4, 2012 at 10:10 PM | Unregistered Commenterjohn
Analysis: ResCap bidders line up for rare subprime mortgage sale

http://www.reuters.com/article/2012/09/05/us-rescap-bankruptcy-idUSBRE88408720120905

[snip]

Mortgage lender Residential Capital RESC.UL is poised to reap billions in a bankruptcy auction of its assets next month - an unusual turn for a subprime lender in Chapter 11.
Sep 5, 2012 at 5:54 AM | Unregistered Commenterjohn

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