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Investment and Vacation Home Sales Soar in 2011 By Les Christie, CNN Money, March 29, 2012 Sales of investment properties and vacation homes soared last year as investors snapped up homes that were selling at beaten down prices. Homes purchased by investors...
Unlike most teenagers, 14-year old Willow Tufano is cashing in on her dreams. Instead of buying herself an Xbox or an iPad, she purchased a foreclosed property. Tufano bought a foreclosed home with her Realtor mother, Sharon Moore, for $12,000, according...
Sales of New Homes Up in October, But Prices Fall By The Associated Press, Nov. 28, 2011 Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year...
Why a Foreclosure Fraud Settlement is a Ridiculous Idea By Matt Soller, Naked Capitalism, Nov. 1, 2011 Gretchen Morgenson is ringing alarm bells that a 50 state settlement on the foreclosure fraud issue is on deck, and is spelling out some of the details...
A Deal That Wouldn’t Sting By Gretchen Morgenson, New York Times, Oct. 29, 2011 After months of back and forth, a deal that is supposed to punish large financial institutions for foreclosure misconduct may be nigh. Foreclosure Failure By Orange...
Attorneys General Settlement: A Bigger Bailout Than TARP? By Matt Taibbi, Rolling Stone Magazine, Oct. 5, 2011 Amidst all the bad news coming out of Wall Street and the economy, here’s something good: California has backed out of the talks for the...
Foreclosures Made Up 31 Pct. of Home Sales in 2Q By Derek Kravitz, Associated Press, Aug. 25, 2011 Foreclosures made up roughly one-third of all home sales this spring. While that's a smaller share of sales from the previous quarter, it's six...
Number of Troubled Mortgages on Rise Again By Les Christie, CNN Money, Aug. 22, 2011 In another hit to the beleaguered housing market, a Mortgage Bankers Association report out Monday found that the number of delinquent mortgage borrowers — those...
About Those Notes...Evidence of Securitization Fail June 7, 2011, Credit Slips Since last October, shortly after the robosigning scandal broke, I've been talking until I turned blue in the face about robosigning being the tip of the iceberg with mortgage...
Why It's Time To Buy June 4, 2011, Wall Street Journal Back in June 2006, when the housing market peaked, the prospect of a five-year national housing bust seemed unimaginable to most people. And yet here we are, with the latest Standard & Poor's...
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