Blogs Posts on "Bubble Horror Stories"
Chase apologizes for selling off couple’s home by Housing Doom on Nov 12, 2009 Oops. It looks like one couple’s home loan was modified right out from under them: PHOENIX — Despite being up-to-date on their modified mortgage payments, a Valley couple found Chase foreclosing on their home. "You work...
There is no royal road to homeownership by Housing Doom on Nov 10, 2009Extreme Makeover has been a very popular show. It’s enjoyable to see people who are down on their luck get a chance at a nice place. For some of the recipients though, a better home has brought an unwelcome side effect– forecl...
AEI Subprime VI: Roubini Presentation by Housing Doom on Oct 30, 2009Final risk. The increasing asset prices we’ve seen since March for everything: global equities; in US, equities; EM [emerging market] asset classes; commodity; credit; everything around the world is driven by one factor. Doom Transcripts: Index...
AEI Subprime VI: Whalen Presentation — Where’s My Pony? by Housing Doom on Oct 29, 2009Doom Transcripts: Index & Guide Housing Doom is pleased to present a third selection from our under-construction transcript of the American Enterprise Institute’s October 22, 2009 event "The Deflating Bubble, Part VI: The Lessons of the...
Agents- Is there someone living in your vacant listing? by Housing Doom on Oct 29, 2009When no one calls to see a vacant listing for awhile, some agents don’t bother stopping by. This can be the result: [Thanks L!] A recent scam reported in the Phoenix area involves tenants moving into a pending short sale listing. The sur...
Many FHA Loans Are Toxic The Day They Close by Housing Doom on Oct 23, 2009 We’ve had hearings, and proposals and talk about ending the abuses of subprime lending. At the end of the day though, whatever has been done has just been talk. Toxic loans continue to be made every day. This time aroun...
Foreclosed On Homeowner Wanted Cops To Kill Him by Housing Doom on Oct 1, 2009Every time I see one of these stories it breaks my heart. How sad that anyone thinks that life isn’t worth living after losing a home. Kurt Aho’s home was sold at a foreclosure auction on Tuesday. When the new owners came by a...
the Fred eyes the Exits, Sheila flogging Treasure Coast Condos by Housing Doom on Sep 23, 2009There are some who think it’s time for the central bank to exit the market. Others say such an abrupt end would undo the Fed’s efforts to keep mortgage rates low and instead suggest a gradual wind down of its purchases and an extension of...
the Fred eyes the Exits, Shiela flogging Treasure Coast Condos by Housing Doom on Sep 23, 2009There are some who think it’s time for the central bank to exit the market. Others say such an abrupt end would undo the Fed’s efforts to keep mortgage rates low and instead suggest a gradual wind down of its purchases and an extension of...
CDARS, Moral Hazard & the FDIC by Housing Doom on Sep 19, 2009“I’ve recently seen some cases where banks that participated in the CDARs program were cited for accepting third-party brokered accounts,” van Doorn said, referring to the Certificate of Deposit Account Registry Service that lets ba...
