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Reworked Subprime Loan Deadbeats … 40% End Up Defaulting
Moody’s Investors Service: More than two of every five subprime borrowers whose mortgages were reworked in H1’07 are defaulting anyway. Among subprime adjustable-rate mortgages modified in H1’07, 42% were at least 90 days late on March 31.San Diego Real Estate … The Coming Next Wave of Foreclosures
Next, it's NOT going to be Sub-prime loans, but ARM's that will spike up home foreclosures.Many Option ARM home loans are going to reset in 2009 - 2011. This will be the next wave of foreclosures. These loans...Martin Luther King's Children Sue Brother Dexter
Bernice King has filed a lawsuit against her brother, Dexter, alleging that he failed to keep his siblings properly informed of the proceeds from their parents estates and is mismanaging...Trump Finalizes $100 Million Mansion Sale
"..You're fired.." The Apprentice showbiz boss, maintain his real estate business in Palm Beach. "The real estate market might be slumping, but not for Donald Trump, who sold his Palm Beach mansion for $100 million,...
Real Estate - Jim Rogers says Fannie and Freddie are a ‘disaster’
"The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an “unmitigated disaster'' and the largest U.S. mortgage lenders are “basically insolvent,'' according to investor Jim Rogers. Real Estate - Pending Home Sales in May - Third-Lowest on Record
The National Association of Realtors just reported that pending sales for existing homes fell 4.7% in May 2008. This marks the third lowest reading on record in May. Home sales are considered pending when the seller... San Diego real estate blog
A Must View video. How to prevent spam in your blog's comments
"The power of the blog comment has turned commenting into a free-for-all contest for this powerful piece of blogging real estate. As your blog grows in readership and popularity, it will act as a magnet. The blog should entice thoughtful readers to communicate with you. On...California Real Estate Licensees Decline
Recent information released by the California real estate department showed a huge drop in the number of people taking the state examination. In January 2000, the total licensee population stood at 303,000. In the next seven years, the licensee population grew every...Her Maj is a burger Queen
THE QUEEN owns a McDonalds!As the Royal accounts are opened to public scrutiny the press are having a field day with the Royal family and their extraordinary personal wealth whilst still dipping into the public... 2% Increase In Existing Home Sales For May
Today the National Association of Realtors reported existing home sales increased to a 4.99 million-unit annual rate. But, even with this slight increase, the median national home price declined 6.3 percent from a year ago to $208,600. *To view the full post, please visit... Why are forecasters so often wrong? « Peter J. Cooper’s Weblog
"This week RBS has forecast an equity and credit crash within three months. It is unusual to get a direct warning from a major bank. Who forecast a UK housing crash last August when the sub-prime crisis hit? Nobody in my recollection and yet you could see estate agents... San Diego Home Prices Take Huge Drop
San Diego median home prices took a huge drop of 22.8% in May according to a report released today by DataQuick of La Jolla CA. Also, home sales in San Diego were off by 12% vs. May 2007. Keep in mind, last year was also a very slow real estate year. Southern... Trump clashes with resort opponents
If Donald Trump finds it tricky dealing with British councils, what hope is there for the rest of us."Trump clashes with resort opponents US property tycoon Donald Trump has clashed with the councillor whose vote led to the rejection of his £1...Housing Industry is In A Depression
One of the nation's largest home builders Toll Brothers Inc. chiefexecutive said that the housing industry is in a “depression” and anyrecovery could be two or three years away. Robert Toll said he’s notready to call a bottom yet because the housing market could still...
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