Commercial Real Estate Suffers, but Not as Much as Feared
Prices have leaped for securities backed by commercial mortgages, not because things are great but because they are not nearly as bad was once expected.
Read more on New York Times
Daniel A. Sauers: Our actions must be governed by reason
Since the announcement of the tax-cut compromise reached betweenPresident Barack Obama and Republican leaders, I have been prayingfervently that an unlikely coalition of liberal Democrats andconservative Republicans in Congress will vote it down.
Read more on Winona Daily News
BofA offers WikiLeaks many potential targets
WikiLeaks Editor In Chief Julian Assange — currently under house arrest in England — touched off a fevered wave of speculation last month, when he disclosed the group would follow up its release of 250,000 diplomatic cables from the U.S. government in November with a look at the financial sector.
Read more on CIOL
Brazil Frets as Panamericano Exposes Weak Credit
The first investigation into Brazil’s asset-backed securities industry, rising consumer delinquencies and the biggest rout of a bank stock in more than a decade are opening cracks in the country’s financial system.
Read more on BusinessWeek
No shelter ahead from uncertain housing market
Brian Vancampen admits he was too optimistic when he put his family’s three-bedroom, two-bathroom house in Shepherdsville on the market more than seven months ago.
Read more on Louisville Courier-Journal
A how-to book on strategic mortgage default
There’s a new book on the market for people who are considering walking away from their underwater homes. Brent White, a University of Arizona law professor who has preached the morality double standard that homeowners face while companies default on loans without so much as a second thought, now makes his case in a book that [...]
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Unintended Consequences
Correct me if I’m wrong, but I seem to remember that one of the reasons for QE2 was to lower rates on the longer end of the US yield curve. Clearly, that has not happened?
Read more on GoldSeek.com
With tight lending rules, low-income homeowners are blocked from mortgage refinancing
Gary Cornelius owns a two-bedroom townhouse in Hampton off Hemlock Drive, yet he lives almost as if he’s homeless. His thermostat is turned down so low that friends and family members are uncomfortable visiting in the winter months.
Read more on Pittsburgh Post-Gazette
Sean O’Grady: The good news and the bad news after Britain’s very old-fashioned slump
There’s nothing like a little economic history to make you feel better of a Monday morning, and we should be grateful for a superlative effort from the Bank of England in their latest Quarterly Bulletin. Celebrating its 50th birthday, the Bulletin invites us to take the long view: it puts the recession in the context… Continue reading
When credit cards are your only option
Monthly spending on credit cards is growing for the first time since 2008, with spending set to exceed £112.5 billion in 2010, independent market analyst Datamonitor reports. But this doesn’t have …
Read more on Yahoo! Finance UK via Yahoo! UK & Ireland Finance
