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William K. Black’s Opening Statement at the House FinServ Hearing on Lehman Bros. Failure

William Black is a former bank regulator from the S & L Crises of the 1980′s who truly understands the root cause of the housing bubble and ensuing financial “crises”:

April 21st, 2010 | Tags: , | Category: Real Estate - National News | Leave a comment

Federal flood program set to expire at start of hurricane season

The Baltimore Sun is reporting that unless Congress extends it, the National Flood Insurance Program will expire May 31 — the day before hurricane season starts:

“If you are in the market for flood insurance or might need a policy soon to qualify for a mortgage, don’t wait to buy it.

Existing policies [...]

April 20th, 2010 | Tags: , , | Category: Ocean City MD Real Estate | Leave a comment

Ocean City Maryland REOs Spark Concerns With Market Recovery

The Maryland Coast Dispatch had an interesting article this Friday about the impact of, what might be, a potential tsunami of Ocean City Maryland resort condominium and home foreclosures and REOs in the future:

“Locally however, Worcester County is below both the state and national average for foreclosure properties, but, according to Robert Smith, [...]

April 10th, 2010 | Tags: , , , , , , , , , , | Category: Ocean City MD Real Estate | Leave a comment

Fannie Mae Sees Strategic Default on the Minds of Underwater Borrowers

HousingWire.com is reporting that more borrowers are increasingly planning “strategic defaults” with their housing debt:

“A contagion effect within communities is leading borrowers to consider default as an acceptable option in the face of financial hardship, Fannie found. Both delinquent and current mortgage borrowers are more than twice as likely to have seriously considered [...]

April 8th, 2010 | Tags: , , , , , , , | Category: Real Estate - National News | Leave a comment