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- Fannie and Freddie Jumbos Are A Bust
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Another "Mr. Mortgage" video- and he’s saying the new jumbos from Fannie and Freddie are a bust:
(more…)…
Original Source: housingdoom.com
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19 April, 2008| Uncategorized |
Comments (0) @ 8:01
- Home Update - House of Pain
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Got some updates on the 15039 Jarrettsville Pike Monkton MD 21111 new single family home which I’ve posted on twice before (click here for most recent).Here is the listing history shown on my previous postsHouse first listed 03/14/07*Price Reduced: 05/18/07 — $727,617 to $719,900…
Original Source
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19 April, 2008| housingblogs |
Comments (0) @ 5:04
- Southern California housing crash now in full bloom - Riverside down 27%, San Bernardino down 28%, San Diego off 19%, SoCal down 24%. Ouch.
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Trillions have been lost.Trillions more will be lost.And big SoCal lenders like WaMu, Wells Fargo, Indymac, GMAC, First Federal - and Fannie and Freddie who bought the junk loans - are in a heap of trouble….
Original Source: bp2.blogger.com
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19 April, 2008| housingblogs |
Comments (0) @ 3:51
- And now we have "HomedebtorsassociationPANIC"
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“I’m in a state of panic. How can I operate an association with one-third of the funds not coming in? It’s a serious problem that’s going to explode in the next few months.”- Norman Silverstein, Carriage Pointe (Boca Raton) homeowners association manager, where one out of every three homedebtors aren’t paying their bills, and which just leveled a special $60,500 special assessment against the homedebtors that still can be found, April 2008
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Original Source
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19 April, 2008| housingblogs |
Comments (0) @ 3:12
- Corrupt and discredited REIC stooge Nicholas Retsinas at the Harvard Joint Center for Housing Studies has a moment of brilliance
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“The numbers indicate that if price goes down, sales go up.”- Nicholas Retsinas, April 2008
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Original Source: bp2.blogger.com
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19 April, 2008| housingblogs |
Comments (0) @ 3:08
- Employment Goes Negative
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San Diego employment has just decreased on a year-over-year basis, falling by 1,700 jobs between March 2007 and March 2008.
That is a very small drop in the grand scheme of things, representing a decline of just .1 percent. But it’s the first time in a long time that employment has turned negative at all. The data I pulled from the Employment Development Department w…
Original Source
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19 April, 2008| housingblogs |
Comments (0) @ 3:01
- Roubini Interview on Canadian TV
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Professor Nouriel Roubini was interviewed by Steve Paikin, the anchor of The Agenda, a public affairs program on Canadian TV (three parts, about 25 minutes total).Part 1:Part 2: Part 3:
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Original Source: feeds.feedburner.com/CalculatedRisk
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19 April, 2008| housingblogs |
Comments (0) admin @ 1:07
- An Alarming, Nonsensical Boom
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It’s Friday desk clearing time for this blogger. “The latest trend in a South Florida housing downturn limping into its third year? Traveling tours of foreclosed homes. On Thursday, a zebra-striped Hummer limousine rolled to a stop in front of a vacant, two-story yellow house on a corner lot in Tequesta, the northernmost city in Palm Beach County.”
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Original Source: thehousingbubbleblog.com
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19 April, 2008| housingblogs |
Comments (0) @ 0:01