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...
Potential homebuyers use school test scores as a primary tool when deciding where to live, and how much they are willing to pay (they might add a little mustard to their offer price to be in a top school district). It is smart to own in a top-rated school district,...
You may have heard me comment here that mortgage underwriting guidelines aren't really tighter now - they are the same as they always were, they're just being used now. But over the last few months one thing has gotten a lot tougher - how to handle repairs. It's...
Another clip of the tsunami in Japan:
