Month: May 2012

Housing Hope

From the sddt.com: Elizabeth Duke of the Federal Reserve board of governors was invited earlier this month to deliver a speech to the National Association of Realtors titled, “Prescriptions for Housing Recovery." Her opening comments were painfully honest. “It is...

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Second Mortgages Being Pursued

Hat tip to stormin for sending this along, from News10: SAN DIEGO -- Adding new uncertainty in the state's ongoing mortgage crisis, a Texas company is aggressively pursuing hundreds of Californians to collect second-mortgage debt -- on homes they've already lost...

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The GSE Bailout Story

Excerpted from MND: Between 2001 and 2006 the US housing market experienced a "housing bubble" wherein the prices of single-family homes increased an average of 12 percent each year.  This increase was accompanied by mortgage debt that more than doubled from $5.1...

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Drugs and Showings

Hat tip to RE for sending this in, from woai.com: Be careful who you open your doors to at your "open house," some drug addicts are now trying to score at real estate showings.  The pain-pill addicts are scouring the Sunday paper for open houses dressing up as...

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