Summit Notebook

Audio – Watching the Detectives!

February 20, 2008

dann1.jpgIn this case, Elvis Costello might have the written the lyrics, but Ohio Attorney General  Marc Dann is living them out.

Audio-Road to White House may be paved with foreclosures

February 20, 2008

dann2.jpgFor Democrats vying for the U.S. Presidency, the housing crisis offers a chance to put forward a compelling message about the failures of the Bush Administration to regulate the banking and mortgage industry, says a Democratic delegate to the convention, who’s also the Attorney General of Ohio.

Audio-Facing foreclosure? First, talk to your lender

February 20, 2008

faith-schwartz-photo.jpgOne problem in trying to stem the tide of home foreclosures is simply that too few borrowers and lenders are talking to each other to work out new terms.

Audio – Sad tidings

February 19, 2008

roubini.jpgNothing like kicking off the week with a dose of really grim news.

Nouriel Roubini, professor of economics at New York University, did just that on Tuesday morning at the Reuters Housing Summit with his thoughts on just how dire the real estate market looks right now and how tough it’s going to be for homebuilders for the rest of the year.

Audio – Hey buddy, got $10 million to spare?

February 19, 2008

liebman1.jpgThere’s an old joke about the horse who walks into the bar and the bartender asks, “Hey, why the long face?”

Foreclosures’ impact “pervasive”-Trenton mayor

February 19, 2008

douglas-palmer-photo.jpg  The current housing crisis presents challenges for U.S. mayors that few elected officials have ever faced before. Rising foreclosures destabilize neighborhoods and families and can lead to higher crime, Douglas Palmer, Mayor of Trenton, New Jersey, told the Reuters Housing Summit on Tuesday.

Audio – Chatting Up Real Estate

February 19, 2008

miller.jpgNo longer is the chit-chat associated with attending a cocktail party just along the lines of “who’s had work done”, “who’s sending little Bobby off to boarding school”, or “How about those (insert local sports team here)?”

Audio-Why Sacramento has the worst local housing market

February 19, 2008

jonathan-miller.jpgThe worst housing market in the United States right now is in Sacramento, California, according to Radar Logic’s director of research Jonathan Miller, whose analytics business produces a daily “spot” price for residential real estate in major U.S. metropolitan areas, or MSAs.

Ratings agencies can’t hide behind 1st Amendment-lawyer

February 19, 2008

Ratings agencies sued over their role in the the subprime mortgage crisis won’t be able to hide behind free speech protections guaranteed by the U.S. Constitution, because they played an active role in structuring loan assets, attorney Salvatore Graziano told the Reuters Housing Sumit on Tuesday.

Subprime litigation to take years – plaintiffs’ lawyer

February 19, 2008

graziano.jpgLawsuits over losses tied to subprime mortgage loans are expected to drag on for years, according to a lawyer representing institutional investors.