Tag Archives: Foreclosures

Interesting Housing News Links (May 06, 2009)

* Stocks surge as S&P 500 erases losses for the year (Gatehouse Media, The Independent)

* Is recession on the wane? (Jeannine Aversa, Courier-Journal)

* Subprime lobbyists in $370m battle (Edward Luce, The Financial Times)

* Senate moves toward easing mortgage terms (Anne Flaherty, Muscatine Journal)

* Editorial: Predatory lending bill needs to be refined (Gatehouse Media, Evening Times)

* View of the Day: Markets make feverish recovery (Kevin Gardiner, The Financial Times)

* Urban Policy (The Brian Lehrer Show: Wednesday, 29 April 2009) (Public Radio, WNYC)

* House prices have fallen by �45000 from peak Halifax says (Harry Wallop, Telegraph)

* Fed chief: Economy to revive in ’09 (Jeannine Aversa, Columbus Dispatch)

* L.I. POL TOOK CASH FOR CONTRACTS (Kieran Crowley, New York Post)

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Interesting Housing News Links (April 16, 2009)

* Mesa County foreclosures increase again (Marija B. Vader, Grand Junction Free Press)

Colo. The number of foreclosures in Mesa County climbed an additional 20 percent over the same period last year.

* Six Top-Notch Bond Funds (Tom Sullivan, Barron’s)

has caused many investors to stash their cash in certificates of deposit, money-market funds — even under the mattress. There’s a better alternative: bonds, some of which offer substantial value, and less agita than equity.

* How old is too old to work? (Kathleen Doheny, WATE)

April 10 (HealthDay News) — Debate about the ideal age to retire has been going on for years. But with the U.S. economy in a dramatic slump, the flip side of that question — how old is too old to work? — has become uppermost in many people’s minds.

* Beware the new builder bubble (Paul R. La Monica, Money)

(CNNMoney.com) — Signs of stabilization in the housing market during the past few weeks helped lay the foundation for a nice pop in homebuilder stocks. Now, a big merger in the sector could be setting the framework for a continued rally in the group.

* High yield REITs come with a warning (Janet Morrissey, Money)

(Fortune) — Many investors looking for safe havens in a rough market are latching onto double-digit dividend yields offered by real estate investment trusts.

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Interesting Housing News Links (April 04, 2009)

* China Blamed For Homeowners’ Nightmare (Armen Keteyian, CBS News)

China Blamed For Homeowners’ Nightmare 500M Pounds Of Drywall Imported During Housing Boom, Now Homes Are Rotting From The Inside Out

* Falling mortgage rates spur surge in Sacramento refinancing (Jim Wasserman, Sacramento Bee)

Sacramento-area mortgage lenders reported high call volumes this week, as mortgage rates fell to their lowest levels since 1971, according to mortgage giant Freddie Mac.

* Loan modifications rise; many don’t pare payments (Alan Zibel, Arizona Republic)

Though lenders are boosting their attempts to curb record-high home foreclosures, fewer than half of loan modifications made at the end of last year actually reduced borrowers’ payments by more than 10 percent, data released Friday show.

* Anna Tuttle Villegas: Stockton’s melting pot bubbles with vigor (Anna Tuttle Villegas, Sacramento Bee)

have worked in Stockton for 34 years, which makes Stockton more my town than the city where I was born or the city where I sleep.

* How to really help troubled homeowners (Tami Luhby, Money)

(CNNMoney.com) — It may seem obvious: Increasing how much troubled borrowers pay on their mortgage leads to redefaults. But that didn’t stop America’s banks.

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Interesting Housing News Links (March 30, 2009)

* AP Enterprise: Few in flood zone have insurance (Tammy Webber, Tri-City Herald)

As the Red River crept within view of their backyard this past week, Denette and Billy Narum had an extra incentive to pray their sandbags held. Like most people in the path of potential floods, they have no flood insurance.

* Mesa County foreclosures increase again (Marija B. Vader, Grand Junction Free Press)

Colo. The number of foreclosures in Mesa County climbed an additional 20 percent over the same period last year.

* Will you have cash after the closing? (Bob Kieber, Summit Daily News)

When a buyer plans on the purchase of a home, whether it is a primary home, a vacation home or an investment property, they tend to forget one thing in their figures, that is a Reserve. The buyer works with the real estate agent on the price and the mortgage professional on the mortgage program and interest rate, plus the down payment needed and the costs involved for the closing but most buyer…

* Harlem Tenants Face Changing Douglass Circle (Zack Hoopes, Columbia Daily Spectator)

In the late 1980s and early 1990s, toward the end of the citys darker ages, he and many others bought the run-down lots and crumbling brownstones of Harlem. The properties were kept in their dilapidated condition, and since few wanted to move into a neighborhood rife with drugs and crime, reconstruction garnered little profit. The city eventually bought many of the properties and resold them f…

* Got an ARM? Now might be the time to refinance (Connie Thompson, KPIC)

The Federal Reserve just threw more than a trillion dollars at the housing market, and now we’re looking at some of the lowest mortgage rates in years.

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George F. Will: Phoenix cops confront fallout from border-crossing crimes (George F. Will, Sacramento Bee)

A short and simple article by George F. Will at Sacramento Bee.

George F. Will

Police Chief Jack Harris, a solid block of a man with a shock of thick gray hair, is stolid and patient, but there are limits. Clearly he is weary of explaining that this is one of America’s safest large cities, with declining rates of violent crime and property crime, even though it has one of the nation’s highest rates of home foreclosures. Unfortunately, there are the kidnappings.

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Interesting Housing News Links (March 29, 2009)

* Chase opens Sacramento office for troubled homebuyers (Jim Wasserman, Sacramento Bee)

It’s nothing too special, just a long, gray row of cubicles on the second floor of a Washington Mutual Bank building near Arden Fair mall.

* Dont Feed The Gators! (Pat Peterson, WKRG)

Feeding alligators and other wildlfie will soon be against the law in Orange Beach. City leaders have drafted an ordinance making it illegal to harrass or feed wild animals. Conservation Officer Jason Dean says locals and visitors have been seen feeding alligators and raccoons.

* Housing slump frays economy of ‘carpet capital’ (Shannon Mc Caffrey, Rocky Mountain News)

Ga. — Inside a cavernous factory, massive machines that churn out carpeting for Home Depot and Lowe’s were idled on a recent Friday as workers took a forced day off without pay.

* Portsmouth bucks nationwide foreclosure trend (Adam Leech, Rockingham News)

While many communities in the state have seen sharp increases in foreclosures, plummeting home values, increased unemployment and significant drops in single-family home sales, Portsmouth has seen little to no change from 2006 to 2008.

* Sacramento-area home prices fall 59 percent since 2005 (Jim Wasserman, Sacramento Bee)

February brought the lowest median sales price to Sacramento County’s housing market since December 2000 as bank repos drove a decline to $160,000, researcher MDA DataQuick said Thursday.

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Interesting Housing News Links (March 25, 2009)

* Indictments unveiled in mortgage fraud sting

( Map , News ) – A lawyer, a tax-preparer and the owner of a mortgage brokerage are among more than a dozen people rounded up in what federal officials describe as a major crackdown on mortgage fraud in the Chicago area.

* Head of mortgage fraud scheme pleads guilty

( Map , News ) – Federal prosecutors say 41-year-old Joy Jackson has pleaded guilty in a $35 million mortgage fraud scheme in the Washington area.

* Will: States can’t fight illegal immigration alone (Topeka Capital-Journal)

PHOENIX Police Chief Jack Harris, a solid block of a man with a shock of thick gray hair, is stolid and patient, but there are limits. Clearly he is weary of explaining that this is one of America’s safest large cities, with declining rates of violent crime and property crime, even though it has one of the nation’s highest rates of home foreclosures. Unfortunately, there are the kidnappings.

* Mortgage fraud cases ‘straining’ FBI (Washington Times)

The number of FBI agents investigating mortgage fraud has more than doubled in the past two years, FBI Director Robert S. Mueller III said Wednesday.

* Appraising the frustration (Akron Beacon Journal)

M ore than 1,100 Summit County property owners are appealing the reappraised values of their homes and businesses, the number expected to peak near 2,500 by the March 31 deadline to file objections. During the last major adjustment six year ago, the county’s Board of Revision handled 1,965 complaints, still the official record, although not, most likely, for long.

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