Archive for housing market
Bank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out In Error due to ‘System’ Mistake
Letters have been going out erroneously to borrowers with Bank of America letterhead stating the following: Bank of America, N.A. 5401 N Beach St TX2-977-01-34 Forth Worth, TX 76137 borrower… Read more
Bernanke Successfully Re-Inflating Housing, Unbeknownst To Shiller
Adapted from the Wall Street Examiner. There were two major housing data releases today. One of them is important. The other was a misleading misdirection play, as it usually is. Due to its… Read more
Builder Indexes Down In April, But Trend Is Still Up
The dark and dirty job of pointing out that the NAHB Housing Market Index present conditions index is up 11 points versus last April and traffic is up 5 points falls to me, I guess. The mainstream… Read more
HARP 2.0 Refinance – “Responsible” Homeowners Get Their Reward
In November 2011 the Obama administration announced an overhaul on the Home Affordable Refinance Program (HARP). Much needed and anticipated, HARP Refinance 2.0 stands to provide relief to a LOT… Read more
CoreLogic Data Shows House Price Declines Slowing
CoreLogic’s data for January closed house sales (mostly November contracts) shows a year over year decline of 3.1% nationally. the month to month decline was 1%. However, the 12 month rate of… Read more
IN CASE OF SHILLER, BREAK (Out This Article)
The Case Shiller housing price index was released this morning and, as usual, it’s getting lots of media attention. I have no problem with that, except for one minor detail. It is a worthless and… Read more
MERS And Recording – Past, Present, And Future (Pt. 1-Recording)
This is Part 1 of a three part series. See Part 2 and Part 3. Is the Current Recording Process Sufficient for Today’s Complex Financial Instruments? Can MERS Resolve the Issues? An… Read more
Glimmers of Housing Hope In Mortgage Applications Data
Originally posted at The Wall Street Examiner. Purchase mortgage applications rose 6.4% last week according to the Mortgage Bankers Association and major media outlets. As always, the media report… Read more
Housing Picture No Darker
This article (originally posted here) is an excerpt from the Wall Street Examiner Professional Edition Housing Update for subscribers. Follow the previous link and scroll to the end for the… Read more
The Too Big to Fail and The Too Small to Matter
Ironically, just when most Americans were preparing to kick off their Labor Day Weekend, we were given the alarming news that NO new net jobs were created in the month of August. Happy Labor… Read more
