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Posts Tagged ‘ 2012 ’

2012: Calling the House Price Bottom

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2012: Calling the House Price Bottom

Note: CR is on vacation, and I will return on Sunday, August 23rd. In 2005 and 2006, I was researching previous housing bubble / busts to try to predict what would happen following the bursting of the housing bubble. So, in April 2008, when many pundits were calling the housing bottom, I wrote: Housing...
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Update: House Prices will decline month-to-month Seasonally later in 2012

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Update: House Prices will decline month-to-month Seasonally later in 2012

I’ve mentioned this before, but it is probably worth repeating …The Not Seasonally Adjusted (NSA) house price indexes will show month-to-month declines later this year. This should come as no surprise and will not be a sign of impending doom. • There is a seasonal pattern for house prices. Prices tend to be stronger...
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Bank Failure #23 in 2012: Security Bank, National Association, North Lauderdale, Florida

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Bank Failure #23 in 2012: Security Bank, National Association, North Lauderdale, Florida

Security Bank Once graceful on a tight rope Fell as gator chum by Soylent Green is People From the FDIC: Banesco USA, Coral Gables, Florida, Assumes All of the Deposits of Security Bank, National Association, North Lauderdale, Florida As of March 31, 2012, Security Bank, National Association had approximately 1.0 million in total assets...
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RealtyTrac: Q1 2012 Foreclosure Activity Lowest Since Q4 2007

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RealtyTrac: Q1 2012 Foreclosure Activity Lowest Since Q4 2007

From RealtyTrac: Q1 2012 Foreclosure Activity Lowest Since Q4 2007 RealtyTrac … today released its U.S. Foreclosure Market Report™ for the first quarter of 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 572,928 properties during the quarter, down 2 percent from the previous quarter and...
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Bank Failure #13 in 2012: New City Bank, Chicago, Illinois

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Bank Failure #13 in 2012: New City Bank, Chicago, Illinois

“They built this City… … Playing corporation games Write us off the page” Excerpted by Soylent Green is People from M.Page, B. Taupin, D. Lambert, and P.Wolf. From the FDIC: FDIC Approves the Payout of the Insured Deposits of New City Bank, Chicago, Illinois As of December 31, 2011, New City Bank had .2...
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FBR sees better year for big banks, homebuilders in 2012

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FBR sees better year for big banks, homebuilders in 2012

Big banks, including Wells Fargo (WFC: 26.29 0.00%) and U.S. Bancorp (USB: 26.04 0.00%), are likely to outperform the rest of the financial services market in 2012, and homebuilders could see a "start of the return to normal," according to a report from FBR Financial Services (FBRC: 2.04 0.00%). The investment bank predicted new...
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Nothaft: Obama jobs plan, Fed action could mean better 2012

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Nothaft: Obama jobs plan, Fed action could mean better 2012

The Federal Reserve will need help from Congress in order to boost economic growth with its latest policy announcement, according to Freddie Mac Chief Economist Frank Nothaft. The Fed said last week it will purchase 0 billion in long-term Treasurys and reinvest principal and interest payments from agency mortgage-backed securities it already bought during...
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Early Read: 2012 Social Security Cost-Of-Living Adjustment on track for 3%+ increase

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Early Read: 2012 Social Security Cost-Of-Living Adjustment on track for 3%+ increase

The BLS reported this morning: “The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.1 percent over the last 12 months to an index level of 222.686 (1982-84=100).” CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA). Here is an explanation … The calculation dates have...
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