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Mortgage giants GSEs in limbo: In housing, a dangerous policy vacuum grows.

joelc — Mon, 08 Feb 2010 17:44:00 GMT

Mortgage giants GSEs in limbo: In housing, a dangerous policy vacuum grows. Feb. 7, 2010 — The Washington Post THERE IS NO END in sight to the federal bailout of Fannie Mae and Freddie Mac. President Obama's fiscal 2011 budget proposal said...(read more)

Editorial: Treasure Coast program could save even more homes from foreclosure

joelc — Fri, 05 Feb 2010 17:12:00 GMT

Editorial: Treasure Coast program could save even more homes from foreclosure Feb. 4, 2010 — TCPalm While home foreclosures continued to clog the courts and put hardships on homebuyers and financial institutions in 2009, a program to reduce those...(read more)

Get a ‘mulligan’ after foreclosure?

joelc — Thu, 04 Feb 2010 17:09:00 GMT

Get a ‘mulligan’ after foreclosure? Feb. 1, 2010 — OC Register What do you think of Christopher Thornberg’s “mulligan rule?” The California economist brought it up Saturday at a foreclosure summit in Anaheim hosted...(read more)

REOs stalled in 2009 while pre-foreclosures continued to climb

darenb — Thu, 04 Feb 2010 16:52:00 GMT

I presented these charts at the REO CON Summit Convention in Anaheim, Calif. , this past weekend, and thought they would be worth sharing here as well. (You should see the charts below but let me know if you have any trouble viewing them as we have had...(read more)

$500 Million Beverly Hills Parking Lot Scheduled for Foreclosure Auction

darenb — Wed, 03 Feb 2010 19:27:00 GMT

A plot of land containing a parking lot and a former Robinsons-May department store is scheduled for foreclosure auction after the British developers who purchased it in April 2007 for $500 million failed to deliver on the luxury condominiums that were...(read more)

No Help in Sight, More Homeowners Walk Away

joelc — Wed, 03 Feb 2010 16:53:00 GMT

No Help in Sight, More Homeowners Walk Away Feb. 2, 2010 — The New York Times In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid...(read more)

Rising FHA default rate foreshadows a crush of foreclosures

joelc — Tue, 02 Feb 2010 16:29:00 GMT

Rising FHA default rate foreshadows a crush of foreclosures Feb. 2, 2010 — The Washington Post The share of borrowers who are falling seriously behind on loans backed by the Federal Housing Administration jumped by more than a third in the past...(read more)

Fannie Mae Offers Subsidy for REO Purchases

joelc — Mon, 01 Feb 2010 17:09:00 GMT

Fannie Mae Offers Subsidy for REO Purchases Jan. 29, 2010 — DSNews Fannie Mae says it will cover the closing costs on purchases of its REO homes – an incentive the GSE hopes will help it pare down a bloated supply of repossessed foreclosed...(read more)

U.S. Foreclosure Activity Spreads Beyond Hard-hit Metro Areas

Octavion — Fri, 29 Jan 2010 16:21:00 GMT

U.S. Foreclosure Activity Spreads Beyond Hard-hit Metro Areas January 28, 2010, NewJersey.com Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and...(read more)

U.S. Foreclosure Activity by Month 2006-2009

darenb — Thu, 28 Jan 2010 22:19:00 GMT

Had a request for this information so thought I'd post it here. Interesting to note that there is a seasonal pattern where foreclosure spike for each year around August or July. Any thoughts on why that could be?...(read more)