3 housing stories that’ll surprise you – FHA only starting to tighten loans...
Last week HUD came out with laser focused ways of addressing its impending insolvency because of defaulting FHA insured loans. Now some of you were under the impression that something was already done...
View ArticleReal Homes of Genius – Culver City foreclosures focus on lower priced homes....
The foreclosure solution, if we can even call it that, is based on banks foreclosing on lower priced homes and allowing higher priced delinquent borrowers to sit in their homes payment free. The...
View ArticleWelcome to the United States of Foreclosures – California lists 99,000...
Getting lost in the numbers is an easy thing especially with the magnitude of numbers being tossed out by Wall Street and our government. I think many in the country have just become apathetic to...
View ArticleHousing Apocalypse Tomorrow – 675,000 homes in foreclosure have made no...
There will be no sustainable housing recovery until the shadow inventory is cleared out. As of April with the latest data close to 6.4 million loans are delinquent or in foreclosure. This is a...
View ArticleShadow inventory Armageddon – Foreclosure timeline up to an average of 599...
The biggest problem facing the housing market is still the large amount of stubborn shadow inventory. The fact that this figure remains elevated is a sign that the banking system after all these...
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