Housing Market
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Wednesday, November 2nd, 2011About 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, 2011A 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, 2011All 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, 2011Not 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 [...]
If You Have Twenty Minutes, Watch This Video…
Tuesday, July 12th, 2011My friend, Kirk Kinder, over at Swim UpStream to Wealth posted this excellent video interview with economist Steve Keen. Good stuff… I do think Professor Keen was too easy on the politicians, who created the incentive for banks to do what they did. Other than that, I can’t disagree with anything else he says.
Robert Bridges: A Home Is a Lousy Investment
Monday, July 11th, 2011If you have the time, read Robert Bridges’ A Home Is a Lousy Investment. I always like numbers so this illustration was interesting to me: Between 1980 and 2010, the value of a median-price, single-family house in California rose by an average of 3.6% per year—to $296,820 from $99,550, according to data from the California [...]
Brett Arends: The Next, Worse Financial Crisis
Friday, July 8th, 2011Brett Arends has written an interesting article titled The Next, Worse Financial Crisis. I can’t say I follow Brett’s logic in his first point, which is: 1. We are learning the wrong lessons from the last one. Was the housing bubble really caused by Fannie Mae, Freddie Mac, the Community Reinvestment Act, Barney Frank, Bill [...]
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