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Archive for the 'Everything to do with real estate' category
The Federal Housing Administration warned in Congressional testimony that a double-dip decline in housing prices may result from even a slight increase in minimum down payments on FHA-backed loans. An excerpt from WSJ:
An increase in down payments to 5%, from the current minimum 3.5%, would limit new FHA-backed loans by 40%, equivalent to 300,000 fewer [...]
03/12/10 |
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The Huffington Post just did an article on the fate of Minneapolis janitor Rosalina Gavilan Gomez, who recently learned that she’s been cleaning up after the chief executive of the bank that bought her foreclosed home — the home that she’s facing a March 11 eviction from.
Excerpts from the Huffington Post:
“At the beginning I [...]
03/09/10 |
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The guys over at ThinkBigWorkSmall talk about the fact that China has just become the biggest real estate market (in value). They’re actually trying to slow down the buying … China Syndrome anyone?
Another clip on the video shows how one buyer lost $54M deposit on the world’s most expensive house.
Real Estate Video
03/05/10 |
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To everyone who claims that our wealthiest citizens pay more than their fair share of income taxes and we should cut them a break because they’re the ones who, you know, create jobs in our economy, I have four words for you:
Frank and Jamie McCourt.
The McCourts, who own the Los Angeles Dodgers (so she says; [...]
02/24/10 |
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A proposed federal rule that some people say could eliminate seller financing for residential real estate is generating concern among investors and the real estate community.
Two years ago, Congress enacted the Secure and Fair Enforcement Mortgage Licensing Act. The SAFE Act is designed to improve the accountability of loan originators, combat fraud and enhance [...]
02/24/10 |
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Economist Karl Case of the S&P/Case-Shiller Home Price Index, was on the PBS NewsHour yesterday, below is his summation of the housing crisis – in verse form.
For the last few years, we have shed many tears
Living through a recession.
The economy’s broke and it’s not a joke,
When we talk of another depression.
Fifteen million without a [...]
02/05/10 |
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Do you think “The Appraiser” would make a good organized crime movie? Don’t laugh. In fact, a closer look at the industry and its scandals reveals a “Godfather”-like underbelly, complete with death threats on public officials and sting operations.
There is a tongue in cheek style article by Sheree Curry in the recently ramped up HousingWatch [...]
02/03/10 |
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