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Wednesday, December 28th, 2011

One thing I have learned over the years is that every decision has consequences. If I choose to spend my entire savings on a new car and then the air conditioner breaks, I have to live with the consequence of spending all my savings on the new car and will have to figure out a […]

Realtors Have Been Overcounting Home Sales Over the Last Five Years

Wednesday, December 14th, 2011

So home sales were worse than we thought. Sales figures over the last five years will be adjusted downward next week. It will be interesting to see how much.

The Average Foreclosure Length: 631 Days!

Friday, December 2nd, 2011

Saw this on this morning: Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been delinquent a record 631 days, according to a new […]

Four Million Foreclosures Are Subject to Review

Wednesday, November 2nd, 2011

About 4 million homeowners who may have been improperly foreclosed upon in 2009 and 2010 are getting an opportunity to have their cases reviewed. Whether they will be reimbursed is up to the same lenders who are accused of moving too swiftly to seize their homes. The Office of the Comptroller of the Currency said […]

Links of the Day for Wednesday, October 12, 2011

Wednesday, October 12th, 2011

A rundown of the changes for the iPhone 4s. Here is Walt Mossberg’s take: We ordered my wife one last weekend. Her other iPhone was the 3Gs and was well over 2-years old. I think she’ll be impressed with the new phone. We shall see. Switching gears to the “Occupy” movement… Here is an interesting […]

ANOTHER Mortgage Plan…

Friday, August 26th, 2011

All these different bailouts are getting old. Here’s the latest. The details are vague: One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, about 4 percent, according to two people briefed on the administration’s discussions who asked not to be identified because they were not allowed […]

Home-Loan Delinquencies Rise Again

Tuesday, August 23rd, 2011

Not good news: Home-Loan Delingquencies Rise Again. The Mortgage Bankers Association said 12.87% of mortgage loans on one-to-four-unit homes were 30 days or longer past due or in the foreclosure process at the end of the second quarter, representing more than 6.3 million households. The second-quarter figure was down from 14.4% one year earlier but […]

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