New Century Financial Corporation, formerly one of the nation’s biggest subprime mortgage lenders, has had a spectacular trip up and even more spectacular trip down.
Category Archives: housing
Fannie, Freddie, and Ben
Fed Chair Ben Bernanke had some excellent suggestions last week for congressional action on Fannie Mae and Freddie Mac.
Recession watch
Recent data leave me significantly more bearish than I was a month ago.
The housing market and the Federal Reserve
More evidence that the housing market has stabilized, consistent with the recent policy stance of the Federal Reserve.
Housing market review
Our local newspaper, the San Diego Union Tribune, has a big article this morning on the housing market. Among other things, this features some thoughts from yours truly and a foray into multimedia publishing.
Encouraging numbers for new home sales
The Census Bureau today reported that new home sales were 3.4% higher in November relative to October, on a seasonally adjusted basis.
Glimmers of hope in new housing numbers
Last month’s surprisingly bad numbers for housing are now followed by some mixed good cheer from the Census Bureau and the National Association of Home Builders.
Home sales down further
Data on October new home sales released yesterday by the Census Bureau suggest that I may be proved to have been wrong in thinking that new home sales had already hit bottom.
Housing: speculative bubble or fundamentals?
Caclulated Risk had some interesting observations this week about why forecasts for housing differ so widely across analysts.
Will the Dollar Plunge? Would that Be So Bad?
Yesterday’s dollar plunge unnerved markets. What’s the likelihood of a sustained, drastic decline?