This is a great depiction of today's market conditions - way to go Eric! Eric Wolff, North County Times Lenders outplay traditional sellers - Setting lower prices means they get their bid Lenders are doing better than individuals in pricing houses for quick sales;...
Three people have already sent me copies of the N. Y. Times' article on lower loan amounts. We've already covered it here, but let's look at a simple comparison, using WFB rates at 1 point cost: Monthly payments on $697,500 at today's 4.625% super-conforming rate =...
From Bloomberg: Sue and Douglas Reed knew no bank would give them a mortgage -- not with a bankruptcy and two foreclosures fresh in their credit history. They turned to Hilarie Walters, whose childhood home on 15 acres (6 hectares) in Marshall, Michigan, had been on...
Taxpayers should enjoy the spectacular views from La Jolla Heights Natural Park - where the City of San Diego allows the public to enjoy some of its 42 acres. Click here for more, plus this youtube:
From HW: The U.S. mortgage finance market is mutating more and more into something that looks like Europe and what is needed is "trust in individual initiatives and in free enterprise" to fix it, said Christopher Whalen of Institutional Risk Analytics on Tuesday....
Hat tip to MB for sending this along, from the wsj.com: Reports of mortgage fraud, which have been increasing since the housing boom, rose to their highest level on record in 2010, Treasury Department figures showed. The Financial Crimes Enforcement Network, a...
From the FT.com: Bank of America plans to shrink its $850bn portfolio of troubled home loans by about half over the next three years as it seeks to quicken the pace with which it resolves problems related to the housing crisis and its disastrous purchase of...
Richard got a new camera, so we're hoping to ramp up the video production of foreclosure activity. In the meantime, one more from the cutting-room floor:
It's all over the news - the housing double dip is here. They say that the DD is caused by an overload of foreclosures dragging down prices - but they are talking about the overall national market. Are the recent trustee sales building a backlog of REOs around San...
