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” … — the mini-mortgage — $30,000, $20,000 and less. These mortgages, for house shoppers who find a great bargain, are slowly joining the pipeline. Many lenders don’t offer them. “
When Is It Cheaper to Ditch a Home Than Pay?
” Foreclosures arent only due to homeowners facing a cash crunch. One out of four defaults on mortgage loans is strategic, a new study says, due to a mortgages value exceeding the value of a house even if the homeowner can afford to pay.”
Lennar 2Q Loss Widens On Higher Write-Downs; Revenue Off 21%
“Lennar Corp.’s (LEN) fiscal second-quarter loss widened on increased write- downs and charges as revenue continued to fall, though by a lesser amount that many other home builders.”
Bailout Tracker: TARP, TIP, PPIP and TALF
“Nice interactive graphic from WSJ showing a breakdown of the funds funneling cash into large banks via all manner of Treasury and Federal Reserve programs, including”
“Unfortunately for the green shoots crowd, the trend in residential real estate continues its downward spiral”
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