Tag Archives: Extend and Pretend

How Lower Home Prices Will Boost Economic Confidence

Posted on September 7, 2010 by Greg Fielding

The shadow inventory looms large over all of us. Home prices have already started to slide back down. If and when foreclosures begin to flood the market again, we would be in for a violent few years…but we would come out stronger on the other side. Continue reading →

Posted in Best Of The Storm, Everything About Foreclosures, Home Economics, Social Mood Swings | Tagged Consumer Debt, Consumer Spending, Extend and Pretend, Foreclosures, GDP, Home Prices, Interest Rates, Ponzi Scheme, Shadow Inventory, Stimulus | Comments Off

Existing Home Sales Plunge 27%, Worse than Every Economist Forecast

Posted on August 24, 2010 by Mish

It’s time to face the facts: There never was a “recovery” by any rational measure. The alleged recovery was nothing more than inventory replenishment fueled by massive and unsustainable government spending waste with additional trillions of taxpayer dollars handed out in bank bailouts.

The plunge in existing home sales shows exactly what happens when free money handouts stop. Continue reading →

Posted in Best Of The Storm, Fresh Perspectives, Real Estate Data, What You Need To Know About Buying and Selling Real Estate | Tagged Double-Dip Recession, Existing Home Sales, Extend and Pretend, Home Prices | Leave a comment

Extend and Pretend: A Game of Foreclosure Roulette

Posted on August 12, 2010 by HS

The government and lenders say that these failures are due to complexities of implementation, difficulty reaching homeowners and a sundry other things. But what if these programs were never intended to succeed? Continue reading →

Posted in Best Of The Storm, Everything About Foreclosures, Fresh Perspectives, Home Economics, Investing | Tagged Bailouts, Extend and Pretend, Foreclosures, HAMP, Home Prices, Loan Modifications, Mortgage Delinquency Rates | 2 Comments

California’s Q2 Foreclosure Starts Collapse

Posted on July 22, 2010 by Greg Fielding

The fact that NOD’s are plunging implies that, even by the start of 2011, we still won’t see an increase of foreclosures for sale. The banks and government are committed to extend-and-pretend policies and I wonder how long they can keep it up. It’s already been 23 months… Continue reading →

Posted in Banking and Finance, Best Of The Storm, Data, Data, and More Data, Everything About Foreclosures, Fresh Perspectives, Home Economics | Tagged Extend and Pretend, Foreclosures, Notice of Default, Notice of Trustee Sale, Shadow Inventory | 3 Comments

Bank of America to Increase Foreclosure Rate by 600% in 2010

Posted on March 29, 2010 by irvinerenter

Bank of America made headlines with its principal forgiveness program. The real news is that they are preparing to blast debtors out of their bunkers of entitlement. Continue reading →

Posted in Best Of The Storm, Everything About Foreclosures, Fresh Perspectives, Home Economics | Tagged Arm Reset Chart, BofA, Extend and Pretend, Foreclosures, HAMP, HELOCs, Loan Modifications, moral hazard, Option-Arm Loans, Ponzi Scheme, Principal Reductions, The American Dream | 3 Comments