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 Lenders ambush newly solvent borrowers seeking old bad debts
By golfplan18 in Irvine CA 92620 posted 20 hours ago:
http://ochousingnews.com/news/ For people who purchased properties in California, a non-recourse state, and never refinanced, lenders cannot come after them seeking to recoup their losses on a foreclosure. For those who live in recourse states, or... |
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Housing inventory up: Buyers aggressive, not stupid-aggressive
By golfplan18 in Irvine CA 92620 posted 1 day ago:
http://ochousingnews.com/news/ Housing inventory nearly always bottoms on January 1 and increases steadily until July or August. In early 2013, inventory bottomed at levels 50% to 90% below normal depending on the market. This shortage of... |
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Will the US privatize Fannie and Freddie since they boost US credit rating?
By golfplan18 in Irvine CA 92620 posted 3 days ago:
http://ochousingnews.com/news/ Housingwire was the first to jump on the implications of this story. Standard & Poor’s upgraded the credit of the US federal government, which is pretty amazing considering it’s in debt for almost $17... |
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Will lenders and investors find owner-occupant buyers when they liquidate?
By golfplan18 in Irvine CA 92620 13 comments, latest 3 days ago:
Call it Crazy says bob2356 says They atm'd out the mortgage payments. It was all a shell game. The ultimate creative financing..... |
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Radar Logic: Seven reasons house price gains are not sustainable
By golfplan18 in Irvine CA 92620 3 comments, latest 4 days ago:
thomaswong.1986 says golfplan18 says Rising house prices are supposed to be driven by robust growth of high paying jobs. This drives household formation, and the high wages allows buyers to borrow large sums to drive... |
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 Friend became homeless recently
By Goran_K in Laguna Beach CA 92651 45 comments, latest 5 days ago:
Goran_K says Hmm. I'd love to post it, but you're right, I don't want to attach his resume to a homeless thread about his life... |
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The long-term negative impact of temporary mortgage interest rate stimulus
By golfplan18 in Irvine CA 92620 posted 6 days ago:
http://ochousingnews.com/news/ Banks are in survival mode. They must reflate the housing bubble, or the losses on their non-performing single-family residential loans will wipe them out. In order to reflate the bubble, the banks must keep... |
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Debt warehousing: Irish solution to excessive mortgage debt
By golfplan18 in Irvine CA 92620 posted 1 week ago:
http://ochousingnews.com/news/ While the US and many other countries around the world inflated housing bubbles, Ireland tried to surpass them all. From 1996 to 2006, house prices in Ireland increased more than 300%! As in the... |
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1.7 million borrowers are seriously delinquent on government-backed loans
By golfplan18 in Irvine CA 92620 29 comments, latest 1 week ago:
David Losh says robertoaribas says utter crap, from the guy who bought a home in Atlanta for $90K, and then sold it for $30K... I teach the college classes in math/business you never took, so... |
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The next housing market deflation will be a long, slow grind
By golfplan18 in Irvine CA 92620 posted 1 week ago:
http://ochousingnews.com/news/ Prices in many housing markets around the country are rising at unsustainable rates. The last time this happened was 2004-2006, and the pundits at the time said that appreciation would moderate and resume its... |
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Bank's attitude toward struggling loanowners toughening as prices rise
By golfplan18 in Irvine CA 92620 1 comment, latest 1 week ago:
Quigley says It's the age old story: if you owe the bank $10,000 then the bank owns you. But if you owe the bank $10 billion, you own the bank. |
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House equity spending heightened the housing bubble and compounded the crash
By golfplan18 in Irvine CA 92620 posted 1 week ago:
http://ochousingnews.com/news/ Bubble thinking is rampant, and the primary reason for itspersistence is that people want the free spending money houses provide. The huge financial reward each bubble participant received as they went to the housing... |
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Surging mortgage rates may scare sellers into action
By golfplan18 in Irvine CA 92620 1 comment, latest 2 weeks ago:
Oil Can says The squatter might realize they have gaining another advantage over the banks. You now can't sell my house again. |
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No-doc loan modifications available now!
By golfplan18 in Irvine CA 92620 1 comment, latest 2 weeks ago:
E-man says WTF have you been? It has been available for a while now. This is old news. Give us something new. |
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Banks squeeze market supply further to juice prices
By golfplan18 in Irvine CA 92620 2 comments, latest 2 weeks ago:
APOCALYPSEFUCK is Shostakovich says How does a grateful banking sector repay the bailouts? RAPE AMERICA! |
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HELOC Abuse Grading System
By golfplan18 in Irvine CA 92620 posted 2 weeks ago:
http://ochousingnews.com/news/ No matter how many of these I profile, many readers, including myself, find these stories interesting. It’s one thing to know HELOC abuse happened, but it’s much more entertaining and educational to see every... |
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Bailouts and False Hopes (redux)
By golfplan18 in Irvine CA 92620 6 comments, latest 3 weeks ago:
Hausmeister T says I totally understand that all people that did not take any free money before 2007 are mad now. Learn from your mistakes and move on! |
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Corelogic: home price appreciation to wane in 2013
By golfplan18 in Irvine CA 92620 37 comments, latest 3 weeks ago:
HydroCabron says fedwatcher says Since the incomes of potential home buyers have not risen, any uptick in mortgage rates takes some potential buyers out of the market. Investors remain as long as they can get... |
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Appraisers now complicit in efforts to reflate the housing bubble
By golfplan18 in Irvine CA 92620 8 comments, latest 3 weeks ago:
HEY YOU says I don't care what appraisers do. I just want to pay more than the asking price for overpriced houses. |
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Necessary deleveraging and a lack of HELOC abuse is keeping the economy down
By golfplan18 in Irvine CA 92620 posted 3 weeks ago:
http://ochousingnews.com/news/ In the short term, a lack of consumer spending is keeping the economy down. Of course, everyone looking for a quick fix decries the lack of consumer spending and blames the consumer for our... |
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