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This Year’s Housing Crisis

Well it’s 2010, and the New York Times has a piece worth a read about the current 2010 version of The Housing Crises.

“The financial crisis and Great Recession have their roots in the housing bust. When it comes, a lasting recovery will be evident in a housing rebound. Unfortunately, housing appears to be [...]

January 6th, 2010 | Tags: , , , , , | Category: Real Estate - National News | Leave a comment

Fannie, Freddie Backstop May Foreshadow Mortgage Forgiveness

Here’s a blockbuster.  Fasten your seatbelts.

“The Treasury announced Dec. 24 that the two mortgage- finance companies, which were seized by the U.S. almost 16 months ago, could tap an unlimited amount of capital for three years, up from as much as $200 billion each.”

That’s right. On Christmas Eve, while everyone else in America [...]

December 29th, 2009 | Tags: , , | Category: Real Estate - National News | Leave a comment

Homeowners who ‘strategically default’ on loans a growing problem

From the LA Times, at http://www.latimes.com/classified/realestate/news/la-fi-harney20-2009sep20,0,2560658.story :

” A study shows that people who abruptly and intentionally abandon their mortgages often have high credit scores, in stark contrast with most financially distressed borrowers.”

“Research using a massive sample of 24 million individual credit files has found that homeowners with high scores when they [...]

September 21st, 2009 | Tags: , , , , , | Category: Real Estate - National News | Leave a comment
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