From Reuters: Mortgage Delinquencies Rise Alongside Unemployment (ht Ron Wallstreetpit ) Reuters reports that a record 7.58% of U.S. homeowners with mortgages were 30+ days delinquent in August, up from 7.32% in July ... and up from 4.89% in August 2008 [...more]
"We could be facing a triple whammy at the end of the year: the expiration of the tax credit, the end of the Fed mortgage-buying program and rising foreclosures.” Thomas Lawler, housing economist From Bloomberg: Housing Suffering Relapse Confronts Bernanke Credit Conundrum (ht Mike in Long Island) A few excerpts: The Fed’s purchases of mortgage-backed debt so far this year have dwarfed net issues of such securities by Fannie Mae, Freddie Mac and government-run mortgage-bond insurer Ginnie Mae, which totaled about $440 billion through the end of August, said Walt Schmidt, a mortgage-bond strategist in Chicago at FTN Financial. Once the Fed exits the market, the spread between yields on mortgage-backed debt and Treasury securities will have to rise, perhaps by a half percentage point, in order to attract other buyers, he said. [...more]
Earlier today I posted a couple of bullish views and I disagreed with the projections of an "Immaculate Recovery". Former IMF chief economist Michael Mussa suggested that consumer spending wouldn't lead this recovery, but that business investment would be strong. [...more]
![Yamaha neoHD Review: Receiver Redefined? Almost. [Receivers]](http://tekpop.com/wp-content/themes/newspress/thumb.php?src=http://tekpop.com/wp-content/uploads/45cdacaafd668511.jpg&h=75&w=75&zc=1&q=80)
For decades, receiver innovation has been stuck in tar, an anonymous group of large black boxes with way too many buttons. [...more]
![3D Gaming And Video Coming To A Dell and HP Laptop Near You? [Rumor]](http://tekpop.com/wp-content/themes/newspress/thumb.php?src=http://tekpop.com/wp-content/uploads/cdb9037271hp3d.jpg&h=75&w=75&zc=1&q=80)
I was just thinking that my laptop's screen was way too two-dimensional. Ok, no I wasn't but these rumored 3D laptops from Dell and HP could be pretty freaking cool for 3D games and movies . [...more]
![AT&T 3G MicroCell Could Hit Select Markets In The Next Week [Rumor]](http://tekpop.com/wp-content/themes/newspress/thumb.php?src=http://tekpop.com/wp-content/uploads/37e5c8bf6drocell.jpg&h=75&w=75&zc=1&q=80)
If you are an iPhone owner anxiously awaiting the release of AT&T's first femtocell device , the payoff may be coming in the next few days for select markets that include: Atlanta, San Antonio, Seattle and North Carolina. According to Zacks Investment Research, the 3G Microcell is expected to launch in "the next week" and full rollout should happen by the end of the year. In case you haven't heard, AT&T's Microcell acts like a mini tower that will boost 3G reception in homes with poor network coverage. [...more]
From the BLS: Regional and State Employment and Unemployment Summary Twenty-seven states and the District of Columbia reported over-the-month unemployment rate increases, 16 states registered rate decreases, and 7 states had no rate change, the U.S. Bureau of Labor Statistics reported today. [...more]
The Federal Reserve released the Factors Affecting Reserve Balances today. Total assets were basically flat at $2.14 trillion. This graph from the Atlanta Fed shows the breakdown in the assets (from earlier this month): Click on graph for larger image in new window. [...more]
![The 2009 Washington Nationals: A Season Of Bigger Failure [Mlb]](http://tekpop.com/wp-content/themes/newspress/thumb.php?src=http://tekpop.com/wp-content/uploads/f2b39f7590ession1.jpg&h=75&w=75&zc=1&q=80)
Despite appearances , the New York Mets are not baseball's worst team. That honor belongs to the Washington Nationals , a organization whose legendary incompetence should be memorialized on the marble arches of the great city that wishes they played elsewhere. [...more]
From DataQuick: Bay Area August home sales and median price fall Bay Area home sales bucked the seasonal norm and fell last month from July , though they remained higher than a year ago for the 12th consecutive month. The region’s overall median sale price also declined as a greater portion of sales occurred in more affordable areas .. [...more]
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