Articles About Housing Boom

Author:
Catalina Parada
Posted:
06.20.2012

Spain Asks the Eurozone for a Bank Bailout for up to 100 Billion Euro

Spain asked the Eurozone for a bailout of up to €100-billion to rescue its banks.  This is just a short-term fix for the troubled Eurozone because it doesn’t address the underlying problems in the monetary union.  The earlier bailouts of Greece, Ireland and Portugal didn’t resolve the problems either.  “The Spanish banking bailout is big […]

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Author:
Catalina Parada
Posted:

Spain Asks the Eurozone for a Bank Bailout

Spain asked the Eurozone for a bailout of up to €100-billion to rescue its banks.  This is just a short-term fix for the troubled Eurozone because it doesn’t address the underlying problems in the monetary union.  The earlier bailouts of Greece, Ireland and Portugal didn’t resolve the problems either.  “The Spanish banking bailout is big […]

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Author:
Mike Ochs
Posted:
04.21.2010

Bank of America Throws a Lifeline to Underwater Homeowners

Bank of America (BofA) is taking steps to write down mortgage principal owed by thousands of underwater homeowners in what has been termed “the mortgage industry’s boldest move yet” to resolve the nation’s foreclosure problem.  Bank of America can well afford the initiative. According to Betsy Graseck, a Morgan Stanley analyst, the ultimate cost of […]

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Author:
Mike Ochs
Posted:
10.14.2009

Home Equity Loan Delinquencies Spiral as Values Contract

Home equity loan delinquencies reached a record high of 3.52 percent during the first quarter of 2009, according to the American Bankers Association.  That contrasts with the 3.03 percent reported during the fourth quarter of 2008.  Late payments on loans climbed to a record 1.89 percent. Home equity loans also are partly to blame for […]

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Author:
Tom Silva
Posted:
10.17.2008

Housing Prices Decline Sharply During July

Housing prices in the United States plunged a record 16.3 percent during July, compared with the previous year.  According to Standard & Poor’s/Case-Shiller Home Price Indexes, this indicates an ongoing home-price decline now in its second year. The S&P/Case-Shiller composite index of 20 metropolitan areas declined 0.9 percent in July, when compared with June.  That […]

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