Waiting for the next onslaught of news from the world’s credit markets, here’s some musing on “recovery.” The Sacramento-Stockton area, since it was an epicenter of foreclosure activity, has more recently begun to demonstrate the ways local real estate markets can emerge creatively from the depths of the economic crunch. The community of Elk Grove, [...]
Tag Archive | "Foreclosure"
Did You Know? Recent years have seen a dramatic increase in the number of reported mortgage frauds in the U.S. According to a recent article in The Wall Street Journal, banks are reviewing their loan portfolios for questionable loans made during the housing boom, and that has caused a 31 percent increase in the number [...]
Startling new reports show the U.S. housing market is taking a turn for the worse, putting added pressure on families saving for retirement and on local governments that rely on property tax revenue to stay afloat. The trend is sure to squeeze local communities already faced with the prospect of declining federal aid, as they [...]
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In a recent statement, president Obama emphasized the importance for a Wall Street reform after the big mess that was brought about by the foreclosure crisis. “We’ve seen problems in foreclosure proceedings – mistakes that have led to disruptions in the housing markets. This is only one more piece of evidence as to why Wall [...]
-In today’s market, many home buyers are attracted by the increasing number of foreclosed homes that are constantly becoming available in the market. Although foreclosed homes often present a great opportunity for buyers, foreclosed homes are not always the best option. There are many things that buyers need to consider before they decide to make [...]
The unfolding foreclosure-filing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. But how disruptive the crisis ultimately becomes—for homeowners, the housing market and the broader economy—depends on how quickly a number of technical problems and legal challenges are resolved in the months ahead. In essence, fast-paced modern finance is [...]
The whole financial world here and abroad is positioning itself for the second round of “quantitative easing” by the Fed to begin on November 3. Last week, bond markets overshot hopes for the impact of Fed purchases of Treasurys with invented money, and this week yields have bounced back up. However, everything is on hold [...]
