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I think most of us would agree that the mortgage industry could do with some more transparency. The murky workings of the underworld of billions of dollars of loans can...
Did you know this week we're going to see another Black Friday? No, don't run out and pick up that weed whacker you've always wanted, it's not that kind of...
Remember that program, you know, the one that was supposed to help every underwater borrower all over the country but ended helping under 1 million? What was that called again?...
Believe it or not (oh yeah, you should believe it) there's controversy surrounding the President's latest plan to mess with the housing market. As he announced in his State of...
Watch out everyone! There are less homes for sale now than there were last year. Um, okay that may not be the scariest announcement you've ever heard. And there are...
I always encourage people to put a positive spin on a bad situation. If it's something you've got to learn to accept then why not embrace it and move on?...
I've been hearing a lot of talk in the comments section about the pressing need to pursue principal reductions for underwater homeowners. Apparently this blog gets more attention than I...
Let's say you've got a good friend who's been with you a long time. And you know that every single time he gives you advice it ends up being BAD...
It looks like Michigan is getting tough, or at least trying to look the part. As the entire country has been reeling from the repeated shocks the housing system, Michigan...
Every time I see big shots in Washington arguing with each other I get excited. No, I don't get excited because I think they'll eventually come to an agreement. What...
Trepp LLC has reported that the number of loan mods for commercial RE has gone up a lot this year. 2010 has more modifications so far than 2008 and 2009 combined. And we're only half way through! This may turn out to be a semi-permanent solution...
There's weird news coming out these days. Apparently lenders are repossesing record numbers of homes. But at the same time, they're starting far fewer new proceedings against delinquencies. Weird, don't you think? Most people think it's...
6 percent. Apparently that's the magic number these days. That's the delinquency rate nationwide. That means 6% of mortgages are more than 60 days overdue. Now, keep in mind, that's a terrible number! It's just that it's the first drop in the...
A report was released recently outlining outlining the Bureau of Justice Assitance's ideas for how to deal with the problems in the housing market. It's not really meant for regular folks, just for government agencies and law enforcement....
Two new studies that are beyond obvious and probably a waste of time, just came out. They say that record numbers of home owners are walking out on their mortgages even though they can still make payments. I just have one word for this: DUH!...
It seems like people are taking better care of their homes these days. If you can believe the numbers, previously-owned home sales rose higher than expected in March. After three straight months of drops this is a welcome relief to the National...
How would you spend $3.3 billion? JPMorgan Chase, one of the nations biggest banks just reported earnings of $3.3 billion. That's 9 cents a share more than analysts predicted. So, my question to you is, how would you like to spend the money?...
I don't know if you caught the (non-real estate) news this weekend, but a rogue wave at a Calif. surfing competition got some spectators into the action. Apparently a 6-foot wave washed away a group of spectators leaving them bruised and...
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