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“The Laborers International Union of North America (LIUNA) has suggested that a new assembly bill be introduced in California to bar homebuilders from involvement in the mortgage business.”
Phoenix: April Phoenix Home Sales Reach Boom Time Levels
“Speculators and prospective home owners came out in droves to buy homes in the Phoenix area. M did an early check of the sales numbers, and heres the unofficial sales for April”
For Mortgages, a Pain in the Alt-A
” Early evidence of at least some relative improvement among securitized subprime loans likely wont matter much to mortgage markets overall, thanks to fast-increasing pain in other sectors of the mortgage market. According to early surveillance data released Friday by Clayton Holdings, Inc., both subprime and Alt-A delinquencies continue to grow, but patterns within overall delinquency trends show just where the pain in the mortgage market really has shifted to.”
hope now: foreclosure starts hit record high
“Foreclosure alliance Hope Now completed 249,000 loan workouts in March, up slightly from the 244,000 a month earlier.”
Related Websites -
Ben Stein Loves Real Estate I'm a big fan of Ben Stein's books.I also read his column, How Not To Ruin Your Life. This weeks issue is about letting the non-financially savy spouse in on what to do after you pass away. But best of all, he professes his love for real estate!We're currently somewhat...... -
Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good...... -
Real Estate Sales: A Record Fall to Record Low I find it mildly amusing when Main Stream Media (MSM) suggests that bloggers, and industry professionals who rely upon the Internet to disseminate their professional opinions/research, should not be considered a trusted resource as a whole. A case in point why MSM's argument is rubbish: this scathing article by HousingStory.net...... -
Mortgage Backed Securities: If You Erase the Debt Record, We All Go Back to Zero. One of the more clever ideas from the movie Fight Club is the idea that terrorism could originate from nefarious actions involving economic warfare. This means actions that could affect the value of our currency, the value of our future investments, repayment of our debts, etc. Here's a brief...... -
Rick Santelli Dropping Knowledge Bombs on Real Estate, Deflation, & Government Stimulus Rick Santelli's knowledge bombs are one of the few reasons I watch CNBC. He's one of the few who refuses to hype the pro-confidence, "sell the hope" marching meme that CNBC is promoting these days. If there are any politicians out there reading this blog -- and I know there......
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