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Category Archives: Economic Data

National Credit Default Rates Fell in April 2013 According to the S&P/Experian Consumer Credit Default Indices

Dave Guarino
Director, Global Index Communications
S&P Dow Jones Indices
May 21 - 9:16 am
Comments: 0

S&P Dow Jones Indices released the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through April 2013. S&P/Experian Consumer Credit Default Indices Press Release – May 2013

Also posted in Consumer Credit | Tagged , , , , , , , , , | Leave a comment

Stocks and Houses

David Blitzer
Chairman of the Index Committee
S&P Dow Jones Indices
May 19 - 3:45 pm
Comments: 0

Twelve years ago when the boom in tech stocks ended, housing was considered a safe investment to escape to.  Six years ago the financial crisis took down both stocks and housing.  Clearly neither is without risk, but maybe the past can offer some hint as to which might be better.   Looking at the period [...]

Also posted in S&P/Case-Shiller Indices, Stock Market, Uncategorized | Leave a comment

Principal Forgiveness, Still The Best Way To Limit U.S. Mortgage Redefaults, Is Becoming More Prevalent

Vandana Sharma
Managing Director and Lead Analytical Manager, Structured Finance
Standard & Poor's Ratings Services
May 2 - 9:53 am
Comments: 0

In June of last year, Standard & Poor’s Ratings Services contended that principal forgiveness was more likely to keep U.S. mortgage borrowers current than more commonly used modification tools (see “The Best Way to Limit U.S. Mortgage Redefaults May Be Principal Forgiveness,” June 15, 2012). Data gathered since then not only support this view but [...]

Also posted in Housing Data | Tagged | Leave a comment

CNBC Exclusive Interview with David Blitzer on U.S. Home Prices for February

Dave Guarino
Director, Global Index Communications
S&P Dow Jones Indices
April 30 - 11:22 am
Comments: 0

David Blitzer, Managing Director and Chairman of the S&P Index Committee, discusses the latest data results for the S&P/Case-Shiller Home Price Indices on CNBC.

Also posted in Housing Data, S&P/Case-Shiller Indices | Tagged , , , | Leave a comment

U.S. Housing Recovery Is Taking Hold, But Analysts Say Challenges Remain

Valerie White
Senior Director, U.S. Public Finance
Standard & Poor's Ratings Services
April 22 - 12:59 pm
Comments: 0

After years of tenuous signals, the U.S. housing recovery is now finally on better footing, said credit analysts and researchers at the Standard & Poor’s Ratings Services’ Housing and Commercial Real Estate Roundtable, held on April 9, 2013, in San Francisco. Why is this time different? The most critical indicator is home prices, which increased [...]

Also posted in Housing Data | Tagged | Leave a comment

S&P/Experian: First Quarter of 2013 Shows Healthy Consumer Credit Quality

Dave Guarino
Director, Global Index Communications
S&P Dow Jones Indices
April 16 - 9:00 am
Comments: 0

S&P Dow Jones Indices released the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through March 2013. S&P/Experian Consumer Credit Default Indices Press Release – April 2013

Also posted in Consumer Credit | Tagged , , , , , , , , , | Leave a comment

Housing Finance Agencies Fared Better Than States In The Recession

Lawrence Witte
Director
Municipal Enterprise Group
April 15 - 12:41 pm
Comments: 0

U.S. states have proven to be a very strong municipal sector. Standard & Poor’s Ratings Services’ median state rating is ‘AA+’ and ratings have trended higher during the past 40 years. The ability of states to increase revenue through taxation and fees, the economic diversification they have in comparison with localities, and the proactive response [...]

Also posted in Foreclosures, Shadow Inventory, Housing Data, Housing Finance & Policy | Tagged , | Leave a comment

As The Market Recovers, U.S. Single-Family Housing Activity Builds

Vandana Sharma
Managing Director and Lead Analytical Manager, Structured Finance
Standard & Poor's Ratings Services
April 8 - 9:17 am
Comments: 1

Despite an improved environment for single-family housing, significant challenges remain in U.S. agency and non-agency housing. A stronger economy should increase demand for housing and benefit loan performance, but loan modifications indicate that the sector still has room for improvement. Furthermore, Standard & Poor’s Ratings Services anticipates that historically low interest rates will support loan [...]

Also posted in Financial Markets | Tagged , | 1 Comment

Foreclosures Not All Behind Us

David Blitzer
Chairman of the Index Committee
S&P Dow Jones Indices
March 28 - 8:50 pm
Comments: 0

RealtyTrac® (www.realtytrac.com),  released its first-ever U.S. Foreclosure Inventory Analysis on March 28th 2013. The report shows nearly 1.5 million U.S. properties were actively in the foreclosure process or bank-owned (REO) in the first quarter of 2013, up 9 percent from the first quarter of 2012 but still down 32 percent from the peak of 2.2 [...]

Also posted in Foreclosures, Shadow Inventory | Leave a comment

Q&A with David Blitzer from S&P Dow Jones Indices Webinar

S&P Dow Jones Indices
March 27 - 10:53 am
Comments: 0

In this video clip, David Blitzer, Managing Director and Chairman of the S&P Index Committee, addresses questions from the S&P Dow Jones Indices webinar pertaining to REITs and the entire housing sector of the U.S. economy. Questions include: How do housing prices today compare with another period of low inflation / low growth? How will [...]

Also posted in Housing Data, Inflation, S&P/Case-Shiller Indices | Tagged , , , , , | Leave a comment

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