Barry Ritholtz, who pens the excellent economy news site The Big Picture was on NPR’s “All Things Considered” Friday with some insights on the foreclosure “crisis.” Financial Blogger On Ethics Of Mortgage Modification A full transcript is available at the link above. Here’s an excerpt. SIEGEL: But what’s the risk of providing some kind of…
Category: News
News, current events, etc.
Weekly Twitter Digest (Link Roundup) for 2010-03-27
Great comment by @jillayne: "We have to wean our economy off the real estate finance and building sectors." http://is.gd/aTicA # RT @KirstenGrind: Things get worse for #Frontier Financial: http://bit.ly/c7y0yt # Seattle: 47th-most expensive rentals in the nation, but 20th-most expensive houses for sale. Doubt that will last. http://is.gd/aURmx # SHOCKING! (not) RT @calculatedrisk: HAMP applicants…
Video Two-Pack: Pent-Up Supply & High End Condos
Here are a couple of videos for you today. First up, Zillow Chief Economist Stan Humphries on Yahoo News: Here’s the money quote: We think that the amount of pent-up supply that we have of people on the sidelines, combined with the amount of foreclosures that we have, combined with the current negative equity rates…
“We’re going to be at the bottom for a long time.”
Two friends of Seattle Bubble got together a few days ago for some podcasting goodness: Michael Surkan and Jillayne Schlicke discuss the current state of Seattle’s real estate market and where we’re headed from here in the latest episode of Michael’s Entrepreneurs Northwest series: Be patient: Seattle’s real-estate market won’t hit bottom for some time….
WA Troubled Banks Update (Plus National Bank Bonus)
Let’s have an updated look at Washington State’s troubled banks. The following charts are based on data from the FDIC, the NCUA, and Calculated Risk’s latest Unofficial Problem Bank List (updated 03/19). There have been a few changes since our last update in February. Rainier Pacific Bank of Tacoma failed in late February, North Cascades…