The Housing Reports Your Agent Doesn’t Want You to Read
 How Top Ten Homebuilders Contributed to the Crisis
by Liuna.orgThis fourteen-page report exposes the contribution of major homebuilders to the housing and mortgage crisis. The top ten homebuilders made $16 billion in profits in 2006. Homebuilders steered buyers to their own mortgage divisions where they often were sold high cost first and second mortgages. The number of sub-prime loans originated by Pulte and Lennar more than doubled from 2005-2006 while prime originations remained constant. >> Download Complentary Report |
 American Program on Foreclosure Report by Center for American ProgressThis report looks at how sloppy lending practices and sub-prime mortgage products created a perilous situation for borrowers. The report also discusses how state programs have reduced foreclosure rates and advocates for certain elements of these programs to be adopted at the federal level. >> Download Complentary Report |
 A 24 page report prepared by the FDIC for Q1,2008 on banks it insures.Despite a 400% increase in loan loss provisions from 2007 levels, reserve growth is not keeping pace with rising non-current loans as troubled mortgage loans continue to increase. Two FDIC insured banks failed in Q1 2008. This brings the total for the twelve month period ending 3/31/08 to four. >> Download Complentary Report |
 Jan 2008 Outlook by Chief Economist of Freddie MacThis one page recap provides national statistics starting with the 1st quarter of 07 and forecasting through 2009. Data on home starts, home sales, percentage of ARMS and fixed mortgages in both new loans and refinances. >> Download Complentary Report |
 The Levy Economics Institute of Bard CollegeAlthough this report was published in 06 its focus and analysis is very relevant today. The report addresses consumer spending growth, made possible by home equity withdraws on home appreciation, surpassed consumer income growth and the possible outcomes when the situation reverses itself. Household debt loads have risen faster and higher than household asset levels. What happens when home values drop? The report concludes with the revelation that the unprecedented growth of borrowing relative to income by households, cannot continue indefinitely. >> Download Complentary Report |
 Report prepared for The United States Conference of Mayors and the Council for the New American City. Global Insight, Lexington, MA.This report describes the economic implications of the recent mortgage credit crisis. The report discuses the multiplier effects on GDP when the real estate sector contracts and consumer spending shrinks due to lower home equities and decreasing incomes. You'll learn the impact on state and local government budgets. Tax receipts will decline as a result of decreasing property values. Sales tax revenues are also expected to decline as construction contracts and consumers tighten their belts. >> Download Complentary Report |
 Beacon EconomicsChristopher Thornberg, Phd. was one of the first economist’s to sound the alarm on the housing bubble. This report is a must read for anyone interested in California real estate. You’ll read the case for why CA price will continue to fall for the next two to three years before bottoming out. >> Download Complentary Report |
 Beacon Economics - Los Angeles Report prepared Spring 2007This report concludes the LA area will weather the housing downturn better than fast growing areas of the Inland Empire, Sacramento and Las Vegas, which will fare much worse. >> Download Complentary Report |