mortgage turmoil - 03/30/07 01:32 PM
Federal Reserve Chairman Ben S. Bernanke few weeks ago blamed loose lending for the recent turmoil in the
mortgage market and told Congress that "it's worth looking at" the idea of creating a law against certain lending
practices. Is fit a sign that the congress would bail out the family's who are … (0 comments)
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it is still california love ! - 03/28/07 12:31 PM
California has been the place of dreams for generations of Americans. Many have flourished on the upward
spiral of California property values and are now considering the future. For others, the price of entry has been a
frustrating barrier. In either case, the ultimate dream for most of us is … (1 comments)
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lenders trying to be an alligator ! - 03/26/07 03:51 AM
Are lenders trying to be an alligator, the whole foundation of the mortgage business has increased the
volatility, and shaken the big position investor. I did have a talk to a big financial hedge fund manager,
according to him the mortgage industry is taking a big hit from the media, … (1 comments)
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housing affects other industries too - 03/23/07 03:27 AM
Lumber and chemicals are showing "signs of weakness"... The chemicals outlook continues to be tied directly to
the strength of the U.S. economy, while the lumber industry is - of course - closely related to the housing
market... With a forecasted economic slowdown and an already slowing housing market, both of … (0 comments)
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housing job sector collapse - 03/23/07 03:16 AM
The housing boom beneficiary sectors are exerting a greater and greater drag on overall job growth, but
employment outside of those sectors has been healthy enough to shake it off. The construction, retail, and
finance/real estate sectors... have collectively shrunk 2.7% since January 2006. Over the past year, the
construction … (0 comments)
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san jose foreclosure crash - 03/23/07 03:13 AM
The number of homes entering some stage of foreclosure -- from notice of default to bank
ownership --
increased 45% in January from the same period a year earlier, according to Irvine, Calif.-based RealtyTrac.
I hope this isn't news to you: Another stock market crash is on its way. That's the … (0 comments)
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let's face the it ! central valley you are in trouble - 03/23/07 02:59 AM
Short term real estate valuation has been down, since it has peaked
last year. The house prices has been down 30-40% from their all time high. Added the foreclosure, and the
mortgage tightening of the market. To those people who are looking for a "pinch hitter" or a "home run"
market. … (0 comments)
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country wide was charging my client 10.5% for a 700 credit score: California mortgage crash - 03/22/07 11:50 PM
I was astound to get a quote from the biggest A paper lender in the mortgage industry. Is it a mortgage
spill over, added with the tightening credit, and not getting the right terms from the big investment backers has
shaken the whole mortgage credit spectrum. In one county in … (3 comments)
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inflation control is really good for real estate - 03/17/07 11:53 PM
Inflation is really vital for a real estate growth. We have seen a number of country growing double digit for the
past two (2() decade, but if you take a look at the inflation number, they have almost a near two (2) digit
inflation increase year by year. United States has … (0 comments)
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people who would make money in foreclosure market - 03/17/07 11:36 PM
It is really sorry to say in foreclosure market we have a lot family's losing their house.
But their are a lot of "business minded" people who have taken advantage of this distressed
home owners. Just a word of caution to make sure that you need to know the people who
you are … (1 comments)
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san jose foreclosure: " short meltdown or bust" - 03/17/07 11:10 PM
The Capital of Silicon Valley is suffering from the foreclosure wave throught out the country, or is it just a
meltdown of the market, which is taking all over the nation. Pundit's, financial expert has been going "ga-ga"
over the foreclosure loom which would be sweeping the country for the past two … (0 comments)
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sub prime stock's are up >? - 03/16/07 05:45 PM
With the meltdown at an all time high, stock like Accredited, Fremont, and New Century has been up over
50% percent for the past two days. Courtesy of Credit Suisse literrally bailing them out of debt, they have
bought their notes in a big discount, bringing their stocks 100% within the … (0 comments)
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roller coaster mortgage >? news about mortgage's - 03/16/07 05:31 PM
In local news today, Merrill Lynch is purchasing First Republic Bank for $55 per share. First Republic shares are up 41% this morning.
Mandalay Mortgage, a top-30-ranked subprime wholesale originator, announced that is closing its doors tomorrow and will stop funding loans. I guess that this leaves more room for the remaining lenders … (0 comments)
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big boys in the block to save the sub prime crunch lenders - 03/16/07 05:21 PM
Rumors have sprung up that Goldman Sachs is interested in buying Accredited, which helped their stock price yesterday.
National City said that it wrote off $11 million stemming from subprime home loans, expects to write off more, and may boost reserves by $50 million because an insurer is rejecting mortgage-related claims. … (0 comments)
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grim news of foreclosure in the late night news - 03/14/07 09:58 PM
NBC News reported the grim news last night that foreclosures are now 4 times higher than they were in the year
2000, the rate of failures are growing daily and that there's no end in sight.
The stock market crashed on worries about all the "bad" news. It's fascinating … (0 comments)
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sub prime might be removing the 100% financing all together - 03/14/07 01:59 AM
Lax underwriting standards made 2006 perhaps the worst year ever for mortgage credit quality.
Subprime lenders are already getting crushed - but the impact rising mortgage delinquencies will
have on home prices overall is still an open question. Foreclosure in the market would again
bring back to the woe's of the … (0 comments)
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even builders are in foreclosure - 03/12/07 05:42 AM
Pulte tries foreclosure strategy to save development !
Even buiders are foreclosing to save some money ! Oh my God, what the heck.. This is a complete
highway robberry, this folks are making billions & billions of dollar a yeat. I guess they won't mind
doing it, … (1 comments)
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century 21 su casa in trouble - 03/12/07 05:25 AM
Check this one folks !
This people are making our industry a bad reputation ! Whether you believe it or not, we have helped
thousands of people save a lot of money, thru taxes, debt consolidation, lowering the house payments,
etc... But some folks right here, has just … (8 comments)
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A big merge could save the ailling sub prime market - 03/05/07 12:35 AM
Subprime companies that specialize in B & C paper loans have suffered as housing prices stopped rising
and interest rates climbed from record lows. A credit crunch in the market for low-end mortgages has left
companies specializing in these subprime loans at the mercy of big banks like Merrill Lynch & Co. Goldman … (0 comments)
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what is a sub prime mortgage - 03/05/07 12:04 AM
Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. While these
loans remain a small part of the home lending industry, they've helped more people buy homes who previously
couldn't afford it, helping to fuel a surge in housing prices in 2004 and 2005. By … (0 comments)
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is it the demise of the sub prime lenders - 03/04/07 11:54 PM
Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. Lenders
specializing in such loans, like New Century, Country Wide, Indy Mac rely in part on big banks known as
warehouse lenders to finance their operations. These backers require that subprime lenders meet certain … (0 comments)
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Nervousness: sub prime in real trouble - 03/04/07 11:46 PM
Federal bank regulators demanded tougher standards for subprime loans, saying they're worried that
borrowers of adjustable-rate mortgages may not understand the risks associated with them. Overall, many
market watchers are blaming the complacency that had seeped into markets over the past year, and especially
the U.S. market's uninterrupted run higher … (0 comments)
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