Blogs Posts on "Mortgage Banking"
Will Court Ruling Help Kill Commercial Real Estate Lending? by Housing Doom on Nov 20, 2009A recent court ruling forcing Citibank to continue funding a New York development might be a case where developers win a battle, but loose the war: A ruling that Citigroup Inc. must resume lending to a stalled Syracuse, N.Y., mall project could push...
Toxic Loans Ruled Cause Of Death For Banks by Housing Doom on Nov 19, 2009This had to be an easy call- no one suspected the Butler. Toxic loans have been found to be the cause of death for many banks: [Hat tip Freedom's Phoenix!] The coroner’s report left no doubt as to the cause of death: toxic loans. That w...
30 Years Mortgage Interest Rate Prediction? by Mortgage Interest Rates on Nov 18, 2009Looking for an expert in the market that thinks where the 30 yrs. mortage rate trend is for the next few months. I’m looking to lock a rate for refinance but don’t know what the rates trends will be a month from now. thanks Related Blogs...
Morgage Delinquencies Are Up 58% From Last Year by Housing Doom on Nov 17, 2009Unemployed people can’t pay their mortgages. Unemployment is up, and so is mortgage delinquencies: The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall deli...
AEI Subprime VI: Complete Annotated Transcript by Housing Doom on Nov 16, 20091:36:34 … This crisis was caused by massive government subsidies to purchase homes by people who couldn’t really afford them. So what does Congress do? They pass an $8,000 tax credit for people who can’t really afford to buy a hom...
AEI Credit Crunch II: Complete Annotated Transcript by Housing Doom on Nov 15, 20091:27:42 No, might go wrong. - Allan Meltzer Doom Transcripts: Index & Guide Almost 19 months later, Doomers may enjoy putting some of these opinions up against what actually took place. Housing Doom is pleased to present a complete unauthorized...
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...
Treasury Suffering From An Appalling Lack Of Curiosity On Loan Mods by Housing Doom on Nov 11, 2009Yesterday, the U.S. Treasury released it’s Making Home Affordable Program Servicer Performance Report. Interestingly, the report didn’t actually say how well the loan mods were performing. [Thanks L!] Good news that more than 650,0...
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...
Congress Will Regret Writing A Blank Check To Fannie And Freddie by Housing Doom on Nov 8, 2009 The United States Constitution Article 1, Section 8 puts Congress in charge of the national checkbook. Legislation enacted over the years however, has created loopholes big enough to drive a semi through. This may end up being one...
