foreclosures: Short Sales...Go ahead and Dig In! - 06/02/08 10:08 AM
If you haven't guessed by now, foreclosures are getting WORSE!!!
Just as predicted, the rate of REO's lenders are carrying are up 33% from January to April of 2008. More than at any point during the current mortgage crisis, lenders are willing to drop prices significantly. But, Quite frankly.....
"It ain't … (11 comments)

foreclosures: Bear Stearns, Do we realize how close we came to 1929'? - 03/30/08 12:40 AM
Is it me or did we come terribly close to being in 1929' on March 16, 2008. For those who are not aware (and many are not) Bear Stearns is an investment Bank a securities trading and brokerage Bank!
Bears Stearns recently agreed to a merger with JP Morgan Chase in … (6 comments)

foreclosures: Penny MAC?..... who are they and what do they want? - 03/24/08 02:54 PM
Have you heard of the New Mortgage company Penny Mac?
Penny Mac, a newly created mortgage company by Ex-CEO of Countrywide (Stanford Kurland).
The aim of this company is to buy back bad loans and restructure them! He's being backed by investment firms Black Rock inc. and Highfields Capital Management.
Penny Mac … (18 comments)

 
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