Month: August 2010
Ice Cream Sociable
I hope you can make it tomorrow to the La Costa Park-N-Ride from 12-2pm!
Double Dip Feel?
Hat tip to SM for sending this over, from our friend Nick at the WSJ: Is this what the beginning of a double-dip feels like? The number of homes listed for sale grew in many U.S. cities in July, a month when inventory typically declines. The supply of homes available...
REO/Short-Sale Mix
This chart makes it clear - servicers are pushing for short sales, instead of foreclosure:
Trustee Sale Video
Here's a video of a trustee sale on the court house steps in downtown San Diego (by Richard). Two comments: 1. There are still plenty of bidders showing up at the steps, but how many are buying? There were 474 trustee sales scheduled today in San Diego County of all...
Inside Penny Mac
Hat tip to clearfund for sending this along:
More Cheese Baby!
Hat tip to Joe Schmoe and Gary - from Reuters: Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to...
Counting the Delinquents
We noted how people still say that the banks are sitting on loads of shadow inventory, when, from the street view, it appears that servicers are getting them to market as fast as they can process 'em. Commentors pointed the shadow to those delinquent borrowers who...
Ice Cream This Saturday!
Thanks to swm for the idea - let's make it an ice cream social! Plan to come this Saturday, August 7th from noon until 2pm at the La Costa Ave Park-N-Ride on the border of Encinitas - convenient for all! There will be more details posted here on Friday, but here is...
More on Shadow Inventory
Readers regularly send in articles for us to examine here - keep them coming! Tom sent in an article from realestatechannel.com that was also referenced in a mortgage blogger's post which Gordon sent in, looking for thoughts - thanks to the both of you! Both...
