No Cheese For You
From desmoinesregister.com: Financial help is moving to embattled homeowners under the $25 billion national mortgage settlement that resulted from abusive foreclosure practices by some of the nation’s...
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House Passes FHA Bill
From dsnews.com: House lawmakers overcame election-year gridlock on Tuesday to punt their version of a bill that would shore up the Federal Housing Administration, whose embattled Mutual Mortgage...
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QE3 Impact on Housing?
In January, 2009 the Fed didn’t hold any mortgage-backed securities. Today they have $843 billion, and yesterday they ”agreed to increase policy accommodation by purchasing additional agency...
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BofA Not Foreclosing
Hat tip to HW for publishing this story, but I’m not sure that they or Barclays grasp the full meaning – that banks are deliberately letting defaulters live for free…..for years. Loans serviced by Bank...
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QE3 To Facilitate Next Bubble?
From David D. at FDL: Analysts have tried to parcel out whether QE3 will really help the economy. The way almost everyone looks at this is about the impact on housing, specifically mortgage prices. But...
View ArticleMore Free Cheese
More foreclosure-avoidance incentives were announced this week: http://www.mortgagenewsdaily.com/12052014_hamp_mfa_programs.asp An excerpt: “While the housing sector has strengthened in recent years,...
View ArticleKitchen-Sink Foreclosure Avoidance
Hat tip to daytrip for sending this along: http://www.vice.com/read/this-former-bank-regulator-quit-his-job-to-fight-for-his-house-518 Eric Mains is fulfilling a dream many Americans have had since the...
View ArticleBoomerang
From the SD Union-Tribune: http://www.utsandiego.com/news/2015/jun/05/foreclosure-shortsale-boomerang-buyers-real-estate/? An excerpt: When Chad Sanfillipo got the keys to his house in Ramona last...
View ArticleNational Housing Policy
I saw these questions from Ed DeMarco on Twitter. My answers: 1. Have the M.I.D. apply towards primary residence only (not second homes), and lower from $1,000,000 to $500,000. Those buying in hopes...
View ArticleSolutions For The Non-Super-Rich
Hat tip to Eddie89 for sending in this article – he also wondered when we’ll see this around here!...
View ArticleMore Sermon
More on how the game has changed forever: http://www.housingwire.com/articles/36843-treasury-committing-1-billion-more-to-fight-blight-help-struggling-borrowers? The post More Sermon appeared first on...
View ArticleSquatters Still Squatting
Collateral damage from the on-going No Foreclosure era – hat tip to Richard! http://www.nytimes.com/2016/05/15/us/las-vegas-squatters-housing-collapse.html LAS VEGAS — On a drive through this desert...
View ArticleMayor Gets Forgiven
Hat tip to daytrip for sending in this article on mortgage forgiveness: http://www.clarionledger.com/story/news/local/2016/05/21/jackson-mayors-mortgage-vanishes-after-election/83615172/ A few weeks...
View ArticleBank of Mom & Dad
How can the market keep going? Generational wealth distribution! Among respondents with an annual income over $100,000 who anticipate familial help with a down payment, the average expected level of...
View ArticleIs China Next?
The looming real estate crisis in China, from 60 Minutes: The post Is China Next? appeared first on bubbleinfo.com.
View ArticleMore Free Cheese
More foreclosure-avoidance incentives were announced this week: http://www.mortgagenewsdaily.com/12052014_hamp_mfa_programs.asp An excerpt: “While the housing sector has strengthened in recent years,...
View ArticleKitchen-Sink Foreclosure Avoidance
Hat tip to daytrip for sending this along: http://www.vice.com/read/this-former-bank-regulator-quit-his-job-to-fight-for-his-house-518 Eric Mains is fulfilling a dream many Americans have had since the...
View ArticleBoomerang
From the SD Union-Tribune: http://www.utsandiego.com/news/2015/jun/05/foreclosure-shortsale-boomerang-buyers-real-estate/? An excerpt: When Chad Sanfillipo got the keys to his house in Ramona last...
View ArticleNational Housing Policy
I saw these questions from Ed DeMarco on Twitter. My answers: 1. Have the M.I.D. apply towards primary residence only (not second homes), and lower from $1,000,000 to $500,000. Those buying in hopes...
View Article