Housing Blogs
housing, mortgages…
RSS | Visita nuestra web 
- Two FDIC Insured Banks Fail
-
From the FDIC: Failed Bank Information
First National Bank of Nevada, Reno, NV
First Heritage Bank, N.A., Newport Beach, CA As of June 30, 2008, First National of Nevada had total assets of $3.4 billion and total deposits of $3.0 billion. First Heritage Bank had total assets of $254 million and total deposits of $233 million.
…
The cost of the transactions to the Deposit Insurance Fund is…
Original Source:
-
25 July, 2008| housingblogs |
Comments (0) @ 23:57
- This is the best video I’ve ever seen on the Late Great $2.5 Trillion US Housing Ponzi Scheme.
-
When HP started in 2005, it was hard to get to the truth of what was going on.No more.Now it’s all out there for everyone to see. All of it, the whole big stinking heap.And yet the IRS, the FBI and the US Justice Department sleep.And worst of all, our corrupted Congress, our incompetent president, our Wall Street run Treasury Department, and the unaccountable US Federal Reserve are putting your kids, and their kids, and their kids, and their kids, and their kids, and their kids, and their kids, and their kids on the hook….
Original Source: housingpanic.blogspot.com
-
25 July, 2008| housingblogs |
Comments (0) @ 23:17
- The Future of Foreclosures
-
Earlier this year I wrote about Joseph Galascione, a San Diego real estate broker who does some serious digging into the local mortgage pool to try to ascertain the prevalence of future foreclosures. Below are some conclusions from Galascione’s recently released study of mortgages due to reset in the third quarter of this year. The study, incidentally, is freely available at the website of Galascione’s firm, E…
Original Source: piggington.com
-
25 July, 2008| housingblogs |
Comments (0) @ 21:39
- Saturday sniplets
-
Been a wild week. We have seen the housing bill continue debate in congress to the point that they are meeting today(yes a Saturday!) to get this bill done. The distinguished men and women of Congress know that they HAVE to do something going into an election year. People are hurting in the pocketbook and worried about the future. I just want to remind people that all this points back to the obvious, this housing bubble. All of the below would not be a problem if the banks had any type of risk management that had teeth in the face of all the greed. …
Original Source: bubblemore.blogspot.com
-
25 July, 2008| housingblogs |
Comments (0) @ 20:24
- Weekend Posts on Housing
-
Hi All. I’m returning tonight from San Francisco - and I will be post on housing over the weekend.
There will be plenty of graphs - interesting times!
Best to all….
Original Source:
-
25 July, 2008| housingblogs |
Comments (0) @ 18:00
- UK manufacturing already in recession
-
UK GDP might be slowing but some sectors are heading downwards more quickly than others.The perennial Cinderella of the UK economy is doing particularly badly. The UK manufacturing sector shrank during the second quarter of 2008. The sector is now in its second major recession this decade….
Original Source: ukhousebubble.blogspot.com
-
25 July, 2008| housingblogs |
Comments (0) @ 16:48
- One Fourth of Orange County Class A Office Space Available
-
From Jon Lansner at the O.C. Register: Tenant shortage plagues 25% of O.C.’s office towers Studley Inc. reports that 25.1% of the office space in O.C.’s most prized buildings was available for rent during the second quarter — a rate not seen since the second quarter of 2002 in the last recession. A year ago, it was 18%.
The real estate services firm, which represents tenants, blamed a flood of…
Original Source:
-
25 July, 2008| housingblogs |
Comments (0) @ 15:46
- I’m back…
-
Kinda strange being away from civilization for a week. Anything happen?
…
Original Source: housingpanic.blogspot.com
-
25 July, 2008| housingblogs |
Comments (0) @ 13:57
- Shady Canyon HELOC Abuse
-
I Wanna Be Rich — Calloway
Isn’t everyone in Shady Canyon rich? Are there pretenders in Irvine’s bastion of wealth? It certainly looks that way. When I wrote Southern California’s Cultural Pathology, I discussed the idea that debt is wealth. People seem to truly believe that possession of an expensive object through taking on huge debts makes them wealthy. In reality, it makes them extremely indebted. Nobody has ever added to their net worth by using 100% financing. Sure, if properties appreciate, they can gain wealth through the use of leverage, but if they don’t… who cares, you can pass the losses on to some stupid lender/investor.
…
Original Source:
-
25 July, 2008| housingblogs |
Comments (0) @ 12:30
- Appraisal Fraud at IndyMac
-
A very interesting post today at The Big Picture.
Hopefully this means the FDIC will be monitoring Barry more closely and I can get some sleep….
Original Source:
-
25 July, 2008| housingblogs |
Comments (0) @ 12:25
- Chrysler Lending Arm Stops Leases
-
From the WSJ: Chrysler to Stop Offering Leases Through Lending ArmChrysler LLC has started telling dealers it will no longer offer auto leases through its lending arm Chrysler Financial, people familiar with the matter said Friday.
…
Chrysler’s announcement also comes as Chrysler Financial has been trying to persuade more than 20 banks to renew a $30 billion credit facility — backed by car…
Original Source:
-
25 July, 2008| housingblogs |
Comments (0) @ 12:17
- Could this be a trend? Home sales up in Riverside County*
-
A report today by the California Assn. of Realtors says sales of existing homes were up 17.5% statewide in June from a year ago: 420,550 single-family homes were sold in June at a seasonally adjusted …
Original Source: feeds.latimes.com
-
25 July, 2008| housingblogs |
Comments (0) @ 11:42
- Could this be a trend? Home sales up in Riverside County
-
A report today by the California Assn. of Realtors says sales of existing homes were up 17.5% statewide in June from a year ago: 420,550 single-family homes were sold in June at a seasonally adjusted …
Original Source: feeds.latimes.com
-
25 July, 2008| housingblogs |
Comments (0) @ 11:42
- The Competition Is Based On Price And It’s Vicious!
-
It’s Friday desk clearing time for this blogger. “Looking to buy a house in Culpeper? There are plenty to choose from, and they’re going cheap. Looking to sell a house in Culpeper? Lots of other homeowners are as well, values have plummeted and foreclosures are at an all-time high. A two-level rambler with three bedrooms and three bathrooms in Pelham’s Reach along Sperryville Pike sold last month for $149,000. That same house, built in 2005, went for $345,000, said Amissville Realtor Julie Emery.”
…
Original Source: thehousingbubbleblog.com
-
25 July, 2008| housingblogs |
Comments (0) @ 11:14
- Here Comes the Big Bailout, Funded by You and Me
-
The US taxpayer is about to be saddled with hundreds of billions of dollars in bailouts to pay for the idiotic decisions of those that gleefully inflated the housing bubble.
At 11:00 AM Eastern TOMORROW (Saturday), the Senate votes on the “housing rescue” bill, which includes:
…
Original Source:
-
25 July, 2008| housingblogs |
Comments (0) @ 10:21
- GDP growth slowing sharply
-
First quarter GDP numbers were very disturbing. The UK is in dive mode. Since last summer, the UK economy has slowed sharply and based on current trends, it could hit negative growth territory during the second half of this year….
Original Source: ukhousebubble.blogspot.com
-
25 July, 2008| housingblogs |
Comments (0) @ 10:03
- Retail sales - flat this year
-
I meant to post this chart yesterday, but my internet connection is playing up. Anyway, better late than never.Retail sales data is an early warning indicator that gives us some idea about the likely path of GDP growth. Since the credit crunch began, consumption expenditure has been holding the growth rate up. So are consumers still buying for Britain? …
Original Source: ukhousebubble.blogspot.com
-
25 July, 2008| housingblogs |
Comments (0) @ 9:37
- The "Foreclosure Crisis" and Exploitation of a Suicide
-
This is an extremely distressing story: a woman faxes a suicide note to her mortgage servicer on the day the foreclosure sale is scheduled, and is dead by the time the police arrive.
Distressing for anyone with what I take to be a normal sense of human decency, that is. To the local and now national media, it seems to be catnip. Carlene Balderrama’s personal tragedy is in danger of becoming an…
Original Source:
-
25 July, 2008| housingblogs |
Comments (0) @ 8:50
- 10 house-selling secrets
-
It’s a tough market for selling a house. Maximize your chances of a sale at a good price with these house-staging tips from an expert.
…
Original Source: rss.cnn.com
-
25 July, 2008| housingblogs |
Comments (0) @ 8:39