Nevada a test ground for campaign economic themes
Nevada a test ground for campaign economic themes
By Thomas Beaumont, Huffington Post, August 8, 2012
LAS VEGAS — Look no further than the epicenter of the nation's housing worries – where "for sale" signs dot neighborhoods just off the glittering Las Vegas Strip – to see how Democrat Barack Obama and Republican Mitt Romney are pitching themselves to voters beleaguered by the economy.
Can Eminent Domain Solve The Foreclosure Crisis?
By Peter G. Miller, Guest Columnist, August 7, 2012
A new idea is floating around, the thought that underwater borrowers can be salvaged by refinancing their homes at current interest rates. How? By having local government seize mortgages under the concept of eminent domain, a plan which has been proposed in San Bernardino, Calif. Dig a little further and we have to ask the question of who, exactly, will buy the existing loans — especially if the current lenders do not want to sell or cannot sell.
Why Lenders Don’t List REOs: The Conspiracy Theories
By Daren Blomquist, RealtyTrac Vice President, August 8, 2012
Two items in the most recent quarterly 10-Q SEC filing from Fannie Mae opens the possibility that lenders may be intentionally holding back REO inventory from being listed.