Hat tip to Mr. T:
Trunk Monkeys
read more
Month: February 2011
Would You Walk Away?
From cnbc.com: http://www.cnbc.com/id/39873678/ A new survey by Pew Research says 36 percent of Americans believe walking away from their mortgage is perfectly acceptable. We want to know if you would ever simply leave your mortgage and your home behind. Tell us what...
Not Just Another CV REO
REO = Retail
There have been several attempts here to bust up the media's insistence that foreclosures cause prices to plunge. The servicers get appraisals and BPOs completed on every asset, and price them accordingly to achieve top dollar - they aren't giving anything away. The...
This Year’s Housing Tax Credit
The summary of the Fannie/Freddie report from wsj.com: The paper proposes gradual increases in minimum down payments so that Fannie and Freddie buy loans with a minimum 10% down payment. Currently, borrowers can make smaller down payments if they purchase mortgage...
Sully Suing
Hat tip to MB for sending this along, from the pressdemocrat.com: The pilot who earned international acclaim for safely landing a stricken airliner in the icy waters of the Hudson River in 2009 is suing officials at the former Sonoma National Bank and others for fraud...
Building Around the Coast?
An interesting debate here between home builders in Malibu, and the Coastal Commission. The designers and builders insist that they have taken great care in working with nature, and think the Coastal Commission should allow these types of projects, because only five...
“Get Free Cheese” Program
From Alejandro Laso at the latimes.com: More than 100,000 struggling homeowners could get help from a $2-billion program that California is launching, including about 25,000 borrowers who owe more than their properties are worth and could see their mortgages shrink....
Fate of Fannie/Freddie
From HW, remarks from today's pow-wow on the hill: The House subcommittee on capital markets and the government-sponsored enterprises heard testimony Wednesday on plans to revamp the housing finance system, with most proposing to disassemble Fannie Mae and Freddie...
Carmel Valley Bank Deals 2
These three bank-related sales contributed to January's 92130 average being a lower $312/sf: The last house was toured here, starting at the 3:00-min mark.
