Entries from June 2010

Mortgage Related: Obama Drop Outs, GSE Bottomless Pit, Dodd vs Barney, House Prices, Ally-GMAC Deal, Double Dip, Fix Rate Reverses, Subprime Lawsuits, Housing Decline

June 24th, 2010 · No Comments

  Government and Mortgages (3) Homeowners Drop Out of Obama Mortgage Program -  Homeowners continue to leave the Obama administration’s program to help them keep their homes. Government data released June 21 showed that more than a third of the 1.24 million borrowers who have [...]

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Tags: Mortgage Market

Government Influenced: Taxes Going Up, G-20 by Tim and Larry, M.A.D. China-US, Yuan, Fed Will Ease, FDIC Delays, Illinois Joins California, Ticking Louder

June 24th, 2010 · No Comments

  Even Without The Obama Splurge, Your Taxes Are Heading Much Higher – Gus Lubin and Kamelia Angelova  – Even without recent spending, the growing cost of government benefits will result in four decades of rising taxes.Thanks to ten years of rising government costs, the taxation [...]

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Tags: Mortgage Market

House passes flood insurance; Servicer short sale rankings; MERS & Fannie, and Fannie’s foreclosure underwriting update

June 24th, 2010 · 1 Comment

house-passes-flood-insurance-servicer-short-sale-rankings-mers-fannie-and-fannies-foreclosure-underwriting-update

 

 

 

Good news and bad news. The good news is that CNN just reported that BP replaced the oil well cap with a wedding ring and it has completely stopped putting out! The bad news, depending on one’s views, is that in an effort to tie its menu in with the World Cup, a restaurant in [...]

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Tags: Commentary · Mortgage Market · Rob Chrisman

Mortgages and Housing: Culver City, Meredith Whitney, Valuations and BPOs, Congress and Housing, Mortgage Relief Slipping, Hoousing Rises, Lumber Prices, HPI Rise, California

June 23rd, 2010 · No Comments

    Culver City home for sale at $925,000 or available for rent at $3,795. The distorted Los Angeles housing metrics point to further price adjustments. – Dr. Housing Bubble ———— Meredith Whitney: "No Doubt We Have Entered A Double-Dip For Housing" [...]

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Tags: Mortgage Market