Tag Archives: Debt Limit

Falling Home Equity Spurs Fear of Strategic Default

Page 1 of 2 | Next PageShow Entire Article Yesterday a lot of folks, including myself, were slightly incensed at the announcement by mortgage insurer PMI that it is launching a pilot program offering cash bonuses to borrowers who stay … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Excluding Distressed Sales, Are Home Prices Just Fine?

Page 1 of 3 | Next PageShow Entire Article Home prices in May were down 7.4 percent year-over-year, according to a new report from CoreLogic. This is the first of the May numbers, as SP Case Shiller, which was released … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

New Push to Unload Bank-Owned Properties Squeezes Out Investors

Page 1 of 4 | Next PageShow Entire Article As big banks and Fannie Mae and Freddie Mac [ FMCC 0.373  +0.0145 (+4.04%) ] push foreclosures through the pipeline, the inventory of REO (bank-owned) properties is rising. That pushes distressed and … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Debt Crisis and Mortgage Rates

Page 1 of 3 | Next PageShow Entire Article If you’re not talking about the head of the IMF today, then the only thing left really is the debt ceiling, which we officially reached today ($14.294 trillion for anyone who’s … Continue reading

Posted in Real Estate News | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment