Tag Archive
Builders Bottom – US-FOREX.US
This week hasn’t been kind to the nation’s publicly traded home builders, a group that built its collective tract home at ground zero of the subprime mortgage detonation. On Monday, Pulte Homes had the unpleasant task of reporting an even worse quarterly loss than last year. Then, on Tuesday morning, D.R. Horton surprised investors with… »
A Tale Of Two Balance Sheets – US-FOREX.US
When insurance companies Prudential Financial and Allstate report earnings on Wednesday, investors will get a glimpse into the health of non-bank financial services companies. On both fronts there’s some cause for optimism, say analysts but Prudential is by far the stronger of the two.J.P. Morgan analyst Jimmy S. Bhullar believes that after issuing 1.2 billion… »
The Bank Killer – US-FOREX.US
It’s been on the lips of analysts, investors and bankers for months: commercial real estate. While the second wave of delinquencies, defaults and foreclosures could further harm the beleaguered banking industry, commercial loans are more complicated than home mortgages and some institutions will fare better than others, says Deutsche Bank analyst Richard Parkus.First, the bad… »
Apartment REITS To Buy And Avoid – US-FOREX.US
As real estate companies deluge investors with earnings reports this week and next, RBC analyst Mike Salinsky says a few property owners that specialize in apartment buildings present good opportunities. But investors need to watch out for dividend cuts and stock sales as firms try to raise cash in the recession.While other property companies, especially… »
Home Builders Headed For Hardship – US-FOREX.US
The housing market is back, or haven’t you heard? On Thursday, the National Association of Realtors said existing home sales climbed for the third month in a row. The increase spanned the nation and came with a smaller percentage of foreclosures on the market. There are many ways to read housing data-volume, prices, number of… »
125 Mortgage No Reason To Panic – US-FOREX.US
Will anything ever change in Britain as a result of the financial crisis? Not only has Finance Minister Alistair Darling shied away from a radical overhaul of financial regulation with his latest proposals, but on Thursday cooperative bank Nationwide also seemed to hark back to the old ways with a mortgage product offering 125% of… »
Whitneys New Take On Modified Loans – US-FOREX.US
Star analyst Meredith Whitney expects the number of mortgage modifications to become exponentially higher, which is good news for the banking sector. But she hasn’t always felt this way.Over the past two years, Whitney, who recently opened the Meredith Whitney Advisory Group, has been relatively dismissive of the idea, “primarily due to the fact that… »
Phantom Homes – US-FOREX.US
There is a “phantom inventory” in the United States housing industry, hidden from the eyes of analysts and investors, and distorting the market’s landscape.Steven Hagenbuckle, managing principal at TerraCap Partners, a distressed real estate private equity fund, expects to see the beginning of the release of the phantom inventory in the next 90 to 180… »
Feeding Off Freddie – US-FOREX.US
For shareholders of government-backed mortgage companies Fannie Mae and Freddie Mac, the last year has been most unkind. After Congress bullied the firms into making risky loans, regulators seized them last fall as defaults spiraled out of control, threatening the safety of trillions of dollars in mortgage bonds. Shareholders lost more than 97% of their… »
Real Estate Wont Recover Until 2017 – US-FOREX.US
There’s another bomb hidden in the real estate market, but unlike subprime mortgages, this one will take a decade to explode. Commercial properties-offices, hotels, malls-could suffer a wave of foreclosures like the one that hit the residential market last year, says Deutsche Bank analyst Richard Parkus. As tenants struggle to make rent, delinquencies are up,… »