From Jacob Gaffney at HousingWire: Bank of America stops selling mortgages to Fannie Mae Bank of America is faced with numerous reps and warrants challenges on the mortgage front, and as a result of growing uncertainty, it will no longer sell certain mortgage refinances into Fannie Mae mortgage-backed securities. “The issue is tied to...
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There were some interesting comments from the Home Depot CEO today (transcript with via Seeking Alpha). Home Dept CEO Francis Blake talked about the favorable weather, but he thought there was more: There are some interesting challenges in setting expectations for 2012. First, the...
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Financial liberation is beyond most people’s reach because of the following four myths and destructive mind-sets: 1. The Retirement Myth 2. The Financial Freedom Myth 3. The Entitlement Mentality 4. The Fallacy of “Someday” The Retirement Myth The retirement myth is the idea that...
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Not a surprise … from the WSJ: IMF Draft Sees Greek Debt Reaching 129% of GDP in 2020 The International Monetary Fund now expects Greece’s debt to reach 129% of the country’s gross domestic product in 2020 … That is even further above the...
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This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for Feb 17, 2012. (table is sortable by assets, state, etc.) Changes and comments from surferdude808: As expected, the OCC released its enforcement action...
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The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long Beach in TEUs (TEUs: 20-foot equivalent units or 20-foot-long cargo container). Container traffic gives us an idea about the volume of goods being exported and imported –...
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“Geez, it’s almost there. If we could just get another 851,489 houses for sale in the market, we’ll have it juuuuuust right…” We released our February National Housing Report yesterday – “US Home Prices Already Climbing in February,” in which we highlight the role...
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One of the most exciting things about being a real estate investor is knowing what markets will produce the greatest long-term returns – especially while in the middle of a challenging housing market. In a down market, savvy real estate investors are eager to...
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CR Note: There are only a few areas where the MLS breaks down monthly sales by foreclosure, short sales and conventional (non-distressed) sale. I’ve been tracking the Sacramento market to watch for changes in the mix over time. (here was my post this morning:...
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