Hat tip to Tom for sending this along. Sean at foreclosureradar.com has published his latest report: https://s3.amazonaws.com/CA_Foreclosure_Report/September+2009+CA+Foreclosure+Report.pdf Excerpts: With 90,365 properties in inventory, banks currently carry about 4.77...
Here's one more 16-page report on shadow inventory, with many charts and graphs: http://matrix.millersamuel.com/wp-content/3q09/Amherst%20Mortgage%20Insight%2009232009.pdf An excerpt: The single largest impediment to a recovery in the housing market is the large...
From sddt.com The number of notices of default and trustee deeds filed in San Diego County in September fell for the third consecutive month. The county assessor recorded a 4-percent drop in notices of default (NODs) from August. The 2,795 NODs filed were the fewest...
The poll results ran about 3 to 1 in favor of trickle, but I think we can agree that a flood is certainly possible. All it would take is: 1. Citizens revolt, resulting in a political uprising that turns off the backstop, or 2. One of the servicers who also owns a...
CR is covering the news better than ever, but for those who may have missed this week's latest reports on the so-called 'shadow inventory', here are two articles (hat tip to MM for sending both!) http://online.wsj.com/article/SB125366552480532521.html...
