mortgage crisis

Fixing Housing Is A Must For Bank Recovery

admin_huliq — Tue, 02 Dec 2008 08:24:16 -0600

Housing needs to be fixed before the credit markets and banks can recover.

California Helping Homeowners Facing Foreclosure

admin_huliq — Sat, 15 Nov 2008 14:59:51 -0600

California is working hard to keep homeowners in their homes. The Governor's task force on non-traditional home loans has partnered with Univision to host call-in shows to reach Spanish-speaking homeowners and educate them on how to reduce their foreclosure risk. And Californians can call the HOPE hotline anytime at 888-95-HOPE.

Zillow Housing Survey Shows Homeowners Unrealistic On Prices

admin_huliq — Fri, 31 Oct 2008 08:23:43 -0500

Months of government bailouts and stock market volatility brought Americans' perception of the values of their own homes closer to reality than it was last quarter, but surprisingly half of U.S. homeowners still believe their home is insulated from the nation's home value declines, according to the Zillow Q3 Homeowner Confidence Survey.

Reverse Mortgages, Bailouts, Latest Scam

allreverse — Tue, 30 Sep 2008 16:29:58 -0500

There is a new scam out involving reverse mortgages that everyone needs to be aware of as it doesn’t affect just senior borrowers. It seems that in their effort to constantly find a way to beat the system, there are some who are looking for ways to use senior borrowers and reverse mortgages to flip properties...

Economic Crisis Started with Bad Housing Loans

admin_huliq — Fri, 19 Sep 2008 07:55:47 -0500

The economic crisis has spread into many areas of the U.S. economy--banks, investment firms, insurance companies, and even the oil markets. But as VOA's Kent Klein reports from Washington, experts seem to agree that the trouble started with bad loans in the housing industry, and grew into a widespread crisis of confidence.

My Foreclosure Nightmare: Violations of RESPA and TILA laws

admin_huliq — Wed, 17 Sep 2008 11:11:59 -0500

Here is my mortgage nightmare. Like so many things in the Bush administration the full truth is not being told.

Can Treasury Take Over Fannie Mae And Freddie Mac?

erku — Sat, 06 Sep 2008 10:40:52 -0500

The short answer whether Treasury Department can take over Freddie Mac and Fannie Mae is: “yes”, initially the government can do whatever they want to do. The long answer is “no”, it’s not that easy.

Fannie Mae, Freddie Mac Bailout Close At Hand

erku — Sat, 06 Sep 2008 10:29:15 -0500

The Wall Street Journal is reporting Treasury Is Close to Finalizing Plan to Backstop Fannie, Freddie.

Mortgage Crisis: It’s Not Over

erku — Tue, 26 Aug 2008 11:20:22 -0500

Even with the analysts trying to put a sunny face on the credit mortgage crisis we are still not out of the woods yet. We have had another bank failure and we’re still looking at billions in write downs.

Merrill Lynch Says Credit Crisis "Far From Over"

admin_huliq — Thu, 14 Aug 2008 10:27:21 -0500

It’s nice to see the mainstream media cover more of the voices outside of the bottom callers who keep tripping over each other to be the first one to call bottom.

Corporate Credit Unions Face Mounting Paper Losses From Mortgage Assets

admin_huliq — Mon, 11 Aug 2008 11:44:38 -0500

The Wall Street Journal reports this morning that five of the largest credit unions are reporting paper losses on mortgage holdings large enough to wipe out all of their equity. The credit unions respond that the losses are merely temporary and that they fully expect for the market to rebound.

American consumers, left with the debt and none of the assets

admin_huliq — Mon, 11 Aug 2008 07:55:16 -0500

The New York Post is reporting that a large sovereign wealth fund is angling to buy up US property on the cheap. With a weak dollar and REO piling up, these foreign funds are looking for 50-cents on the dollar discounts in American residential and multi-family property.