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- "Public service" my ass - Clintons Report $109.2 Million in Income Over 7 Years
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Well, now we know why Hillary waited as long as she possibly could before releasing the dirty truth. And you want the REAL dirty truth? Well you can’t have it. The REAL dirty truth is the $500 million plus in contributors to the Clinton Global Initiative - also known as the “When Hillary is President We’ll Take Care of You Don’t Worry Global Initiative” - that Bill and Hillary won’t detail….
Original Source
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4 April, 2008| housingblogs |
Comments (0) @ 23:46
- Here’s the six-percenter that won’t cut her six-percent (regardless of what the market will bear). I have no comment.
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I’ll just read the comments on ActiveRain.Here’s the original mess. Play nice.
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Original Source
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4 April, 2008| housingblogs |
Comments (0) @ 23:02
- Memories, pressed between the pages of my mind
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Memories, pressed between the pages of my mindMemories, sweetened thru the ages just like wineQuiet thought come floating downAnd settle softly to the groundLike golden autumn leaves around my feetI touched them and they burst apart with sweet memories,Sweet memories
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Original Source: housingpanic.blogspot.com
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4 April, 2008| housingblogs |
Comments (0) @ 22:35
- Fitch Downgrades MBIA
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From Bloomberg: MBIA Loses AAA Insurer Rating From Fitch Over Capital Fitch Ratings cut the rating on MBIA Inc.’s insurance unit to AA from AAA, saying the bond insurer no longer has enough capital to warrant the top ranking….Fitch issued the new, lower rating even though Armonk, New York-based MBIA asked the ratings company last month to stop assessing its credit worthiness.
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Original Source
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4 April, 2008| housingblogs |
Comments (0) @ 22:19
- The Mortgage Mess Takes Center Stage on Capitol Hill
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On Wednesday night, Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), from the Senate Committee on Banking, Housing and Urban Affairs, hammered out a a bipartisan deal designed to address the housing crisis.
The so-called Foreclosure Prevention Act of 2008 proposes a $10 billion increase in tax-free, state-issued bonds to help troubled homeowners refinance, $4 billion in community development block grants to permit states to buy foreclosed properties, and an additional $100 million for housing counseling. The bill would also establish a $7,000 tax credit to buyers of foreclosed homes, and would include FHA modernization provisions designed to further increase the government lending program’s footprint in mortgage banking.
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Original Source: feeds.feedburner.com/HousingWire
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4 April, 2008| housingblogs |
Comments (0) @ 21:26
- Meet Jim Bunning, Mr. No Bailout
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A couple of you noticed that one United States Senator — baseball Hall of Famer Jim Bunning — voted "no" on the housing b…
Original Source: latimesblogs.latimes.com
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4 April, 2008| housingblogs |
Comments (0) @ 21:17
- Housing Prices Fell 1.3 Percent in March: Report
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As the spring selling season begins, anxious sellers are reducing the prices on their homes, but early signs suggest there is more discounting to come in the months ahead. Prices of properties listed for-sale fell in 14 of 23 major markets during March, according to a report released Thursday, while a composite measure of listing prices in 10 major U.S. metropolitan areas fell 1.3 percent for the month.
Asking prices have declined 1.7 percent over the past three months, per a report issued by real estate research firm Altos Research and market analysis specialist Real IQ.
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Original Source: feeds.feedburner.com/HousingWire
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4 April, 2008| housingblogs |
Comments (0) @ 20:44
- Mortgage Fraud Detection Improving, Treasury Unit Says
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The Financial Crimes Enforcement Network, otherwise known as FinCEN, said Friday that an analysis of suspicious activity reports — SARs to most of us in the industry — found that reporting financial institutions were becoming more adept at identifying fraud.
The study looked at SAR filings from March 2007 to 2007, and compared the data with ten previous years of SAR reporting. Institutions posted a 50 percent increase in the number of SARs that reported intercepting the suspected fraud prior to funding a mortgage, FinCEN said.
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Original Source: feeds.feedburner.com/HousingWire
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4 April, 2008| housingblogs |
Comments (0) @ 20:23
- A Fair Question On The Minds Of Many In California
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The County Sun reports from California. “Only two houses in the JP Ranch project have been sold, but its developer remains optimistic. Only 300 of the 750 houses planned in JP Ranch have been built, but Mayor John Chlebnik remains optimistic. ‘I don’t know when (the current housing market) will turn around, but it’s not going to last forever,’ he said.”
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Original Source: thehousingbubbleblog.com
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4 April, 2008| housingblogs |
Comments (0) @ 20:10
- Denver House Prices
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Luke Mullins at U.S. News and World Report writes: Some Home Prices Are Actually Rising in Denver. This is an excerpt from an interview with Ryan Tomazin, the director and chief financial officer of Integrated Asset Services. Mullins: Let’s look at a specific area. What’s happening in Denver, where prices overall have dropped more than 5 percent in the past year?…
Original Source
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4 April, 2008| housingblogs |
Comments (0) @ 19:57
- Fitch Cuts MBIA’s Core Rating, Insurer Loses AAA Status
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(Update 1: adds MBIA comments)
Call it the bond insurer crisis, part two: Fitch Ratings on Friday said it had downgraded a core rating of industry giant MBIA Insurance Corp. and its subsidiaries amid concerns over capital adequacy. The rating agency moved the MBIA’s core insurer financial strength rating to AA, from it’s previous perch at the AAA level, the latest in a series of downgrades to beset the bond insurance industry.
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Original Source: feeds.feedburner.com/HousingWire
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4 April, 2008| housingblogs |
Comments (0) @ 19:41
- Rust Belt, Gulf Coast put on housing bill
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Read full story for latest details.
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Original Source: money.cnn.com
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4 April, 2008| housingblogs |
Comments (0) admin @ 19:21
- Housing Crisis Hits Renters, Too: Report
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As Congress debates solutions to the mortgage meltdown and ever more homeowners find themselves facing foreclosure, a new report suggests that policymakers and industry regulators need to move beyond what some are calling a “one-size-fits-all” approach to the current housing and mortgage messes.
A new report released late Thursday by the Center for Economic Policy and Research and the National Low Income Housing Coalition found that the ratio of homeownership to rental costs varies substantially from market to market, and that in many markets, homeownership remains a costly — and risky — proposition. Which means that foreclosures are hitting renters, too.
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Original Source: feeds.feedburner.com/HousingWire
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4 April, 2008| housingblogs |
Comments (0) @ 19:20
- Senate takes up $15B housing fix
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The Senate began debate Thursday on a $15 billion bipartisan housing relief package that could be voted on by next week.
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Original Source: money.cnn.com
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4 April, 2008| housingblogs |
Comments (0) admin @ 19:20
- Industry Representatives Urge Slowdown on RESPA
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Industry representatives are urging officials at the U.S. Department of Housing and Urban Development to slow their planned November publishing of a new Real Estate Settlement Procedures Act regulation. The remarks came at conference panel during this past week’s Real Estate Services Providers Council (RESPRO) annual conference in Washington, DC.
Many in the industry feel that the public comment deadline of May 13 isn’t enough time to effectively reflect public reaction or forecast the proposed rule’s impact.
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Original Source: feeds.feedburner.com/HousingWire
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4 April, 2008| housingblogs |
Comments (0) @ 19:04
- A Needle in a Haystack: Where’s the Good News on Housing?
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There is plenty of bad news on housing, at least transactionally, right now — prices are down, sales volume is down, inventories remain far too high. And that shouldn’t be surprising, given that we’re in the middle of one of the worst downcycles for real estate in our nation’s history.
A report released yesterday by real estate analytics firm RadarLogic highlighted continued problems for housing in January: out of 25 major MSAs studied, only two — Charlotte, NC and New York — remained in positive pricing territory on a yearly comparison basis.
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Original Source: feeds.feedburner.com/HousingWire
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4 April, 2008| housingblogs |
Comments (0) @ 18:51
- NWMLS: Anybody seen my spring mojo? I can’t find it.
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One thing I’ll say for the NWMLS, they have been prompt lately about releasing the monthly statistics. Let’s take a look at March, typically the beginning of the strong spring selling season. When the press release with pdf links is released I’ll post it here (though it may be delayed somewhat since I am heading out of town for the weekend). Here is your summary along with the usual graphs and other updates.
Here’s your King County SFH summary:
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Original Source: feeds.feedburner.com/SeattleBubble
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4 April, 2008| housingblogs |
Comments (0) @ 18:47
- Massachusetts AG Restricts Fremont’s Ability to Sell Future Servicing Rights
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Massachusetts Attorney General Martha Coakley has been busy — earlier this week, her office announced that it had won an expanded preliminary injunction against troubled thrift Fremont General. The new court order places restrictions on the thrift’s future sales of servicing rights, one week after Fremont said it would sell servicing rights on 13 percent of its portfolio …
Original Source: feeds.feedburner.com/HousingWire
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4 April, 2008| housingblogs |
Comments (0) @ 18:19
- Lawrence Yun: Nobody Expected Housing Bust
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Lawrence Yun is wrong once again, this time he is being a revisionist:”Even though there was some risk, the ratings agencies fooled the market and the investors into thinking housing was rock solid,” says Lawrence Yun, chief economist for the National Association of Realtors (NAR). “It was the speed and the scope of the losses that nobody expected.”…
Original Source: bubblemeter.blogspot.com
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4 April, 2008| Uncategorized |
Comments (0) @ 18:05
- Rust Belt, Gulf Coast added to housing bill
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Read full story for latest details.
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Original Source: money.cnn.com
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4 April, 2008| housingblogs |
Comments (0) admin @ 17:39