The Market Now

Posts tagged: mortgages


The U.S. courthouse in Manhattan, where justice makes for good theater, just like it did in the Middle Ages.

Photographer: Anthony Behar/Sipa via AP Images

The U.S. courthouse in Manhattan, where justice makes for good theater, just like it did in the Middle Ages.

It’s Hang-the-Pig Time in U.S. Court

Those who have been waiting -- and waiting, and waiting -- for the worst culprits of the the mortgage meltdown to face an accounting are getting treated to a trial. Unfortunately It's a theatrical representation of justice, akin to the...

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An anti-foreclosure demonstration outside Fannie Mae headquarters.

Photographer: Andrew Harrer/Bloomberg

An anti-foreclosure demonstration outside Fannie Mae headquarters.

Fannie and Freddie, the $5 Trillion Gorillas the U.S. Just Can’t Kill

If there's such a thing as too big to fail, no one qualifies more clearly than Fannie Mae and Freddie Mac. Unfortunately, splitting them up won't get government out of the loan guarantee business. Smaller companies in the subprime industry...

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In Phoenix, competition among investors has driven home prices up 35 percent

Photographer: Laura Segall/Bloomberg

In Phoenix, competition among investors has driven home prices up 35 percent, but it's now sending rents downward.

So What Happened to All the People?

There seems to be no shortage of folks willing to provide money to invest in a housing upturn. Only one thing is missing here: individual home buyers. Fewer people are taking out residential purchase loans now than at any time...

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Phoenix Housing Rises as Canada Buyers Seek 55% Desert Discount

The Power Ranch community in Gilbert, Arizona Thursday January 12, 2012. (For Bloomberg News/ Laura Segall)

The Recovery Gap, Phoenix Edition

Two stories from Phoenix neatly sum up the mixed economy. Investors and homeowners have benefitted from low interest rates and the Fed's efforts to jump-start the housing market. Investor gains haven't been matched by middle-class income.

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