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Housing Market
Latest Headlines
Latest Headlines
Eisman to leave FrontPoint partners, set up own firm
The on-going insider trading investigations have not been kind to FrontPoint Partners. Recall that the once high-flying hedge fund firm was dealt a debilitating blow when one of its health care fund portfolio managers was charged with insider trading. The case has not been resolved, and the fund m
States say federal regulators dropped ball on foreclosures
A recent headline in the Washington Post --"Regulators flawed in foreclosure oversight"--is the type of headline we've unfortunately become accustomed to. It's yet another sign that the regulatory system had been rendered archaic and unable to respond to fast moving, technology-driven trends.
Foreclosure cases could drag on for years
MSNBC takes a look at a man who has been fighting to stave off foreclosure for more than a decade. That's a scary proposition for banks and mortgage servicers, who are facing a challenging set of opponents as the foreclosure fiasco wears on. Ultimately, an actual foreclosure may make a mere mo
Banks should hire to solve foreclosure crisis
So what should banks do to put an end to the foreclosure crisis ( foreclosure news) that threatens to prolong the stall in the housing market?
"Jamie Dimon of J.P. Morgan Chase, Brian Moynihan of Bank of America, and other banking CEOs willing to show their face in public should call a pres
Michael Burry, of The Big Short fame, on the next big thing
Michael Burry rocketed to fame when he was discovered by Michael Lewis, who turned his escapades into The Big Short , an insightful look at the market mania that coalesced around the residential housing market. So what is the colorful Burry doing now? He no longer runs Scion Capital, but manage
PPIP update: Market recovery complicates starts
We've gotten used to some government-run programs getting off to a slow start. So we shouldn't be shocked that the PPIP, the public private investment program, isn't exactly storming out of the gate. That doesn't mean it will not eventually be successful.
The issue seems to be the recovering
Banks lose on China real estate
China once beckoned to big Western banks as a mecca for quick profits. This is well exemplified by the Evergrande Real Estate Group, in Hong Kong. The likes of Merrill Lynch and Deutsche Bank rushed to lend the land acquirer more than $400 million. They wanted a quick, gold-rush sort of IPO. Back
Ex-Countrywide execs' new firm raises eyebrows
"It is sort of like the arsonist who sets fire to the house and then buys up the charred remains and resells it." That's what one critic of PennyMac--the firm formed by former Countrywide officials to buy up distressed mortgages--said to the New York Times . Dismissing the critics, PennyMac exe
Richard Bove is in his prime
We've noted that analyst Richard Bove is a "reporters' best friend" sort of analyst. At 67, he's been covering banks for 26 years and he's definitely in his prime--he's gotten better with age. "Bove has gained a certain reputation as one of the few bank analysts to predict the blow-up in the housi
ALSO NOTED: UBS reports nearly 6 percent Clear Channel stake; Evercore beats estimates; and much more...
Company News: > Credit Suisse bounces back. Article > Evercore beats estimates. Article > UBS reports nearly 6 percent Clear Channel stake. Article > Wachovia director buys shares. Article
Industry News: > Banks may deny proxy-access votes. Arti
