Recent Housing Crash Central News
Direct Lending
Posted from patrick.net 3 days ago
Housing Crash Central : Housing Crash News and Blogs
With CD’s paying 4%, and Wells Fargo charging 8.8% for a jumbo 30-year fixed, maybe I should finance someone’s jumbo mortgage — but only for a house that I’d actually want to live in. Either I get direct interest payments up around 8%, or, if the user defaults, I get the house. The trick would [...] (original story)
Crack of Doom: Enron’s Revenge
Posted from Housing Doom 3 days ago
Housing Crash Central : Housing Crash News and Blogs
By now the Citi bailout is almost certainly in the bag, so that should keep everyone busy over the short pre-holiday week. However, I’d like to get one thing out of the way before everyone starts agonizing over Black Friday and Ben’s mea culpa. Yesterday one of the local Seattle pa... (original story)
Holiday Schedule
Posted from Boom2Bust.com 3 days ago
Housing Crash Central : Housing Crash News and Blogs
There will be no new relevant material posted on Boom2Bust.com this Thursday due to the Thanksgiving holiday in the United States. New posts are planned for Friday. Thanks! Christopher E. Hill Editor (original story)
What Credit Crunch?
Posted from patrick.net 3 days ago
Housing Crash Central : Housing Crash News and Blogs
Aloha Patrick, I am intrigued by Countrywide’s offer to lend $824,000 to John in your news links and have wondered… is all this hype about credit somewhat mythical? It would be interesting to find out what people can still borrow and what they can’t. I just qualified for a Home Depot credit card in [...] (original story)
Are You a Mortgage Originator in Washington State?
Posted from The Mortgage Porter 3 days ago
Housing Crash Central : Credit Crunch and Mortgage News
I'm wondering if you have successfully registered with the Nationwide Mortgage Licensing System? Please comment below and let me know. I registered at 9:00 pm on October 1, 2008 and DFI is telling me that they're classifying my registration effective... (original story)
The Voice Of Real Estate Authority - National Association of Realtors
Posted from RealEstateUndressed 3 days ago
Housing Crash Central : Credit Crunch and Mortgage News
Real Estate has taken a hit. It can lead us out of our slump. Here is the 4 point plan from the National Association of Realtors - don’t take it lightly. NAR has urged Congress to include the following provisions in any future legislation: Make the $7500 tax credit available to all purchasers and eliminate [...] (original story)
PEOPLE OF THE UNITED STATES: IT IS TIME TO OVERTHROW YOUR GOVERNMENT. VOTE AGAINST EVERY INCUMBENT ON YOUR BALLOT. TOSS 'EM OUT. EVERY ONE OF 'EM.
Posted from HousingPANIC - The Housing ... 3 days ago
Housing Crash Central : Housing Crash News and Blogs
Have your own Boston Tea Party.Have your own French Revolution.Write your own Declaration of Independence.And throw these bums out.Throw out the Democrats.Throw out the Republicans.Throw out the Representatives, and the Senators. Do it at the State level too.Throw every single incumbent out.And kee... (original story)
Whose side is the Treasury on?
Posted from patrick.net 3 days ago
Housing Crash Central : Housing Crash News and Blogs
According to this article in the NY-Times: http://tinyurl.com/3hzwmp In its latest questionable tactic, the Treasury is forcing banks to take billions of taxpayer dollars and lend it out - effectively trying desperately to blow some air back into the lending bubble. They know it will ultimately lead to an unsustainable debt burden on the US taxpayer, [...] (original story)
Bankrate.com Mortgage Trend Index (October 23, 2008)
Posted from The Mortgage Reports Blog 3 days ago
Housing Crash Central : Credit Crunch and Mortgage News
I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey is now available. As a reminder: The survey is for conforming mortgages only. Send me an email if you'd like an actual rate quote. I send 140-character market updates on Twitter a few times daily. Anyway, on to the group's predictions for the next 30 days: 15% of participants predict rates will increase 46% of participants predict rates will decrease 39% of participants predict rates will remain unchanged I am predicting that rates will decrease over the next 30 days, but that doesn't mean... (original story)
HousingPANIC Stupid Question of the Day
Posted from HousingPANIC - The Housing ... 3 days ago
Housing Crash Central : Housing Crash News and Blogs
The US government is soon going to need to raise trillions of dollars through bond sales to cover the various housing gambler bailouts and general government overspending. Who's gonna buy 'em? What happens if they don't?Hmmmm... (original story)
1933-style Power Consolidation hits Canada
Posted from Housing Doom 3 days ago
Housing Crash Central : Housing Crash News and Blogs
It’s not a holiday up here, so with the American MSM stuffed with turkey, what better time to foment a small coup? An economic crisis is a fine time to suppress the opposition. This just in from CBC World Report (last story on the 8AM AST package — later: Fitz-Morris’ story squeezed out of the final [...] (original story)
Washington Mortgage Interest Rates
Posted from The Mortgage Porter 3 days ago
Housing Crash Central : Credit Crunch and Mortgage News
Updated mortgage rates have been posted at Rain City Guide (2:30 pm). Next week, Mortgage Master will be closed on Thursday, November 27, 2008 and re-opening for business as usual on Monday, December 1, 2008. We wish you and yours... (original story)
HousingPANIC Quote of the Day
Posted from HousingPANIC - The Housing ... 3 days ago
Housing Crash Central : Housing Crash News and Blogs
"There is no more money left to loan or borrow the big lies or to sell them. No more money left to pay off the debt, the wreckage in the wake. The orgy of excess has drained every bottle, smashed the furniture and left the cupboards bare. All that's left is derivative debts -- bets between liars and... (original story)
Interest Rates
Posted from patrick.net 3 days ago
Housing Crash Central : Housing Crash News and Blogs
How much control does the Fed really have over mortgage rates and CD rates anyway? I know the Fed controls interbank lending rates, and can influence US Treasury rates for existing bonds through purchases and sales, but I was never clear on how all of that filters through to mortgages and CDs. Who l... (original story)
Is this the bottom :-)
Posted from patrick.net 3 days ago
Housing Crash Central : Housing Crash News and Blogs
I wanted to get this in before the Dow crashes again… (it is up 400 points this morning). I have no reason to believe this is the bottom of this depression. However, what are you going to look for as signs? Reversion to trend? Which trend, and how far? Dow was 3800 at the [...] (original story)
Just another renter who can't look away from the oncoming train wreck that is the housing crash
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