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After enduring extraordinary shocks in 2008, U.S. banks entered an exceptional state of turmoil in 2009. Starting as a credit issue in the subprime segment of the mortgage market, the sticky situation spread to almost the entire financial services industry and all corners of the globe. In other words, the financial crisis ultimately morphed into a massive economic crisis, which has had major ramifications across the whole world. Although the banking industry is dealing with liquidity and confi

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
After enduring extraordinary shocks in 2008, the U.S. banks entered an exceptional state of turmoil in 2009. Starting as a credit issue in the subprime segment of the mortgage market, the sticky situation spread to almost the entire financial services industry, and all corners of the globe. In other words, the financial crisis ultimately morphed into a massive economic crisis, which has had major ramifications across the whole world. Although the banking industry is dealing with liquidity and

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Random Feed wrote an interesting post today on
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Bancassurance group Suncorp-Metway is said to be in talks to divest its real estate unit LJ Hooker for an as yet undisclosed sum, to a Private Equity group run by the founder of the unit’s grandson Janusz Hooker, according to a report in The Australian. Customers of Suncorp, which is in the process of implementing a strategy of exiting the commercial real estate lending segment, have been told to renegotiate their commercial property loans by 2011. Mr. Hooker runs the Asian operations of US

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Random Feed wrote an interesting post today on
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by Steve Scheckner Has the San Diego housing market hit bottom? The answer is yes and no. The portion of the market that is comprised of first time home buyers and investors looking for a great deal has hit bottom. The segment looking to upsize or is interested in a luxury home has remained a buyers market. If you are looking for a great bargain than it is time to get moving, because your days of the deals may be numbered. For example for Carlsbad homes there are 468 active, 249 pending

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Random Feed wrote an interesting post today on
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It only took 18 months but the fact that the US luxury real estate market is falling apart at the seams is finally starting to sink in.Yesterday’s Wall Street Journal chronicled the plight of high-end housing markets as formerly wealthy homeowners are falling behind on their mortgages at an astounding rate. Defaults and foreclosures are increasing in the Jumbo Prime mortgage space — big loans made to borrowers who were supposed to be good credits — at a faster clip than in any other segment of

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