Recent Housing Crash Central News
Are Mortgage Applicants Forced Into 30-Year Fixed Rate Mortgages?
Posted from The Mortgage Reports : Toda... 4 days ago
Housing Crash Central : Credit Crunch and Mortgage News
In 2011, 17% of refinanced mortgages featured “other length” loans, according to the MBA. The majority were 15-year fixed and 30-year fixed.Are Mortgage Applicants Forced Into 30-Year Fixed Rate Mortgages? originally appeared at The Mortgage Reports : Today's Mortgage Rates & Strategy. (original story)
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Foreign Cenbank Holdings to February 15, 2012
Posted from Housing Doom 4 days ago
Housing Crash Central : Housing Crash News and Blogs
Bloomberg (2/17 ’12): “Record $6 Trillion of Fake U.S. Bonds Seized” Italian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds, an amount that’s almost half of the U.S.’s public debt. OK, enough fun, as Doom returns to the real ... (original story)
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What Do You Need for a Preapproval?
Posted from The Mortgage Porter 4 days ago
Housing Crash Central : Credit Crunch and Mortgage News
If you're considering buying a home, many real estate agents and/or sellers will require a preapproval letter. A preapproval letter is different than being "prequalified". Being prequalifed means that you have provided verbal information to a mortgage origintor to get an idea of what you qualif... (original story)
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A $983 mortgage payment in Southern California is now typical? Buyers commit to lowest mortgage payment in January of 2012 since May of 1999. What does this say about the current makeup of real estate sales?
Posted from Dr. Housing Bubble Blog 4 days ago
Housing Crash Central : Housing Crash News and Blogs
The appetite for more affordable homes in Southern California continues a trend from late 2011 into 2012. One of the more interesting aspects of the current housing market with so many investors buying cheap homes and a large number buying with FHA insured loans is the typical mortgage payment con... (original story)
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The worst performing cities of Los Angeles County – Top 10 cities with annual price declines for 2011. The fundamental attribution error when applying a nationwide housing bottom to your bubble niche market.
Posted from Dr. Housing Bubble Blog 4 days ago
Housing Crash Central : Housing Crash News and Blogs
People have a hard time understanding that the world is not made up by black and white answers and that goes equally for how the economy evolves and responds to bubbles bursting. Some don’t even want to acknowledge that we are now half a decade into this bubble popping like believing the Earth i... (original story)
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What's the difference between Fannie Mae Homepath and Freddie Mac Homesteps?
Posted from The Mortgage Porter 4 days ago
Housing Crash Central : Credit Crunch and Mortgage News
Fannie Mae and Freddie Mac both offer special incentives to entice buyers to properties they have foreclosed on. Fannie Mae's program is called Homepath and Freddie Mac's is Homesteps. Although the names some similar, their incentives are VERY different. Fannie Mae's Homepath program ... (original story)
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12-year-old boy saves grandmother’s foreclosed home in Wisconsin from foreclosure
Posted from Foreclosure.com Blog 4 days ago
Housing Crash Central : All About Foreclosures
There aren’t many of them these days, but a 12-year-old boy named Noah recently spun a real-life, feel-good foreclosure fable. And it was all made possible thanks to technology and the support of generous friends, family and even complete strangers from their local community. Noah overheard th... (original story)
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Housing Answers From 1935
Posted from Housing Doom 4 days ago
Housing Crash Central : Housing Crash News and Blogs
Earlier this month the Obama administration released their latest plan to speed the housing recovery by allowing underwater borrowers to refinance. While this will undoubtedly help a few people, in the long run, it will do nothing more than make it look like the administration is doing “som... (original story)
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Getting ready to pick up my paint brush
Posted from The Mortgage Porter 4 days ago
Housing Crash Central : Credit Crunch and Mortgage News
Just for fun, I thought I'd share a new project that I'm starting: warning, this has NOTHING to do with mortgages. I'm going to attempt a black velvet painting. Not the paint by number stuff we did as kids, this painting is going to be over five feet tall. Here's my first draft (... (original story)
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The lower bound of the housing market – many locations in California will see prices decline in 2012 since banks and government intervention are maxing out. How can home prices go higher if household incomes are moving in the opposite direction? 21 percent underemployment rate in California.
Posted from Dr. Housing Bubble Blog 4 days ago
Housing Crash Central : Housing Crash News and Blogs
People tend to forget that $100,000 is a lot of money but when it comes to California housing many just sweep it aside as chump change like finding a quarter in your sofa. You realize how much it is when the nationwide median home price is $150,000 and a $100,000 can go a long way [...] (original story)
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Just another renter who can't look away from the oncoming train wreck that is the housing crash
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