Citigroup reported last week, and so did Bofa - from HW: Bank of America reported $35.7bn in nonperforming loans, leases and foreclosed properties in Q210, which is 15% above levels measured in the same quarter of last year. These loans and properties increased more...
It's late on Sunday night, and the only thing that'll keep you awake another minute, is...well, um...winners of the retro contest? The white floor mat in front of the toilet is a nice touch too.
We've seen the trustee-sale stats slowing down, could it be a problem with processing, and a backlog of properties beginning to clog the system? According to foreclosureradar.com, since January, 2009 there have been 15,471 SFRs and condos in San Diego County that...
From HW: The amount of REO properties held by Citigroup reached $1.4bn in Q210, an 81% increase from the same time last year. In the second quarter of 2009, Citigroup held $789m in REO in North America. The latest total is a 10% increase from the $1.2bn in North...
Inventory is rising, houses aren't selling, yet list prices don't seem like they are coming down much. It sounds like the Big Standoff. Let's compare to this year to 2009, which had the hottest spring activity since 2005. Here are the early July detached-listing...
Here is the inventory trend of detached and attached active listings in San Diego County, with the counts taken in the middle of each month. Look at how the inventory was flying off the shelf in Spring, 2009, and has been relatively low since...well, at least until a...
Darrell Issa, from Vista! From the WSJ: U.S. senators or Senate employees received 30 loans—far more than had previously been known—under a controversial lending program at Countrywide Financial Corp. that provided cut-rate terms to favored borrowers. The information...
Short sales have to be the best device for those determined to kick the can down the road - the processing delays are already legendary, and many end up in the black hole of goo. IF the servicer gets pressured about making a decision, they can resort to 'the big...
Hat tip to Susie for sending along this article from TIME/CNN, full of classics: "The whole market has slowed down anywhere from 30% to 40% across the country," Not in San Diego, where we've seen YOY and MOM sales be virtually unchanged. "If you are trying to be an...
