Housing Bubble News
News, commentary and opinion on the course of the Housing Bubble. Blogs devoted to this topic are encouraged to add their article to Zimbio for inclusion in the wikizine. All strands of opinion are encouraged with the expectation of a... [more]
News, commentary and opinion on the course of the Housing Bubble. Blogs devoted to this topic are encouraged to add their article to Zimbio for inclusion in the wikizine. All strands of opinion are encouraged with the expectation of a mature and informed level of social and economic analysis. Contributions emphasizing the macroeconomic effects are especially welcome.
The housing bubble that pushed prices above $700,000 in Santa Cruz County appears to preclude most local borrowers from taking advantage of a new program designed to help borrowers on the verge of foreclosure stay in their homes. Fannie Mae, the ...
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From search.live.com
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WASHINGTON - Mortgage buyer Fannie Mae said it will rent homes to borrowers facing foreclosure under a new program designed to keep families in their houses, combat vandalism, and reduce theft at vacant properties.
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From syndication.boston.com
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From last Wednesday's Washington Post:The number of Washington area homeowners in foreclosure has more that doubled in the past year, according to a report to be released Wednesday that shows the problem remains most acute in a few counties and could get worse as more borrowers fall behind on their payments.About 2.7 percent of local borrowers are in the foreclosure process, meaning that the bank has started the legal process to take back the...
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From blogger.com
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Overall September home sales in Las Vegas reached a higher level than in August, a feat unseen in 15 years, according to San Diego-based mortgage information provider MDA DataQuick.
The median sales price held at $130,000 for the third consecutive month as the market continued to work through foreclosures. The median fell by 36.6% from $205,000 [...]
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From housingwire.com
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Foreclosures Climb in Sacramento Region, But Defaults Drop Jim Wasserman Oct. 20, 2009 Capital-area home foreclosures rose 12.5 percent during July, August and September compared to the previous quarter as 5,004 more area households surrendered keys to lenders, researcher MDA DataQuick reported today. Yet the Sacramento region's 9,751 mortgage defaults, a key first warning of possible foreclosure, were down 8.7 percent from the previous...
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From freerepublic.com
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A sign is seen in front of a foreclosed home Nov. 19, 2008, in Rio Vista.Capital-area home foreclosures rose 12.5 percent during July, August and September compared to the previous quarter as 5,004 more area households surrendered keys to lenders, researcher MDA DataQuick reported today.
Yet the Sacramento region's 9,751 mortgage defaults, a key first warning of possible foreclosure, were down 8.7 percent from the previous quarter...
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From sacbee.com
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Foreclosures hit a record in third quarter 2009. President Obama took measures to contain the crisis. It is now many months later, and one can start asking how successful these measures have been. Meanwhile there are plans to overhaul Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and create a new structure to support the home-loan market.
Are we sinking deeper...
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From feedburner.com
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