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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...
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 still almost 2 million still out there. So if you're shopping around, fear not,...
Mmmmm, the word liquidated just sounds delicious, doesn't it? It makes me think of good food cheap. I'm not sure why but that's just the impression I get. But I'm sure for most of the country the term leaves a really sour taste in your mouth....
This "Occupy" craze is really sweeping the nation, isn't it? From North to down and from East to the other side it's become the popular movement that's got big business worried. Now the cause has spread to our industry and I think it's worth...
As anyone with his finger on the pulse of the industry knows, homes are being bought. What's taken S&P by surprise is that they're being picked up faster than they expected. Basically at the end of the second quarter there were $405 billion...
This isn't going to sound P.C. but I'm just going to say it anyway - our country is being overrun by foreigners. No, I don't mean the kind that come here seeking opportunity and who want to contribute to the great American melting pot. And I don't...
It's being reported that there have been major drops in the number of delinquencies and foreclosures. (I won't take all the credit, but maybe just a little.) For the last 5 quarters delinquencies have been dropping, and the shadow foreclosure...
You've definitely noticed how crazy housing prices can be, right? One minute you're hearing wild announcements about economic recovery and home prices are definitely about to shoot up. And then the next day someone tells you to get out while you...
The fact that loan modifications outpaced foreclosures for the first time ever didn't really get anyone excited. To find out why not and see how the numbers hide the real picture, look no further than these...
1,050,500 homes repossessed last year. I'm oddly calm when I see a number that big talking about foreclosures. That's a record high since this kind of thing became tracked. It's up 14% from just the year before (and 4 times what it was in 2006). So...
I've gotten some great feedback so far in my goal to get the short sale community mobilized. People starting to talk. People are starting to realize that they need clear goals going into 2011. Goals that tell them exactly what they need to do to...
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