No Market For Commercial Mortgage Backed Securities

As the economy again sputters and potential buyers flee — July housing sales sank 26 percent from July 2009 — there is a growing sense of exhaustion with government intervention. Some economists and analysts are now urging a dose of…
A little more than three weeks ago (Fri Sept 8th) Standard Pacific Homes (NYSE: SPF), a home builder with substantial exposure to the California market (see pg. 11 of their 2005 annual report which shows all the markets they operate in and…
Housing is fast dividing into two markets: Sales of low- and moderately priced homes are picking up and values have stopped falling in some parts of the nation. But on the upper end, sales remain mired in a deep slump…
The Dow Jones Real Estate Index peaked in February and is down about 20% since then. Because the stock market is a leading indicator and a similar peak in homebuilder shares in the Summer of 2005 coincided with the peak…
The data tables in this front page Sacramento Bee article from yesterday are incredible. Default notices and foreclosures in the 8 county Sacramento area are absolutely surging: up 158% and 516%, respectively, from the year ago period. In fact, default…