Tag Archives: s real estate

Million Dollar Home Sales Surge

California’s most expensive homes have been the least affected of the Golden State’s real estate crisis. From the LAT: Million-dollar-or-more home sales statewide surged in the second quarter to the highest level since the third quarter of 2007 as the … Continue reading

Posted in mortgage | Tagged , , , , | Comments Off on Million Dollar Home Sales Surge

Dr. Doom Says Banks May Need To Write Off $1 Trillion In Housing Losses

American’s real estate crisis became apparent to all in 2007. Now more than three years later, it isn’t improving. Banks still own hundreds of billions of mortgages that may be worth very little. There’s a tsunami of bad news headed … Continue reading

Posted in Banks, Foreclosure, mortgage | Tagged , , , , , | Comments Off on Dr. Doom Says Banks May Need To Write Off $1 Trillion In Housing Losses

The Real Estate Expert with a Heart: Mayer Dallal Helps Those in Need

Given the popular response to my interview with Mayer Dallal (www.mayerdallal.com), I have good news to report: Mayer just did an encore performance, where he answered a series of questions about streamline financing, a hot topic in the mortgage industry. … Continue reading

Posted in Real Estate | Tagged , , , , , | Comments Off on The Real Estate Expert with a Heart: Mayer Dallal Helps Those in Need

California Struggles With Foreclosures

Foreclosures in California leveled off in the second and third quarters. A new law changes the way defaults are filed and measured. There’s no end in sight for California’s real estate crash. From Reuters: California was primed in recent years … Continue reading

Posted in California, Foreclosure | Tagged , , , , , | Comments Off on California Struggles With Foreclosures

Even Prime Borrowers Hit By Mortgage Crisis

The mortgage mess started with subprime borrowers — borrowers with lower credit scores aka not prime borrowers. America’s real estate market turned out to have inflated value. The percentage of foreclosures rose dramatically in the past year, mainly with subprime … Continue reading

Posted in Subprime | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Even Prime Borrowers Hit By Mortgage Crisis

Realtors Want To Reform The Mortgage Business

They support legislation to reform the Federal Housing Authority and get it more involved in today’s credit mess. From the StCharlesJournal: We all have seen the sad stories in the media of those American families caught in the clutches of … Continue reading

Posted in Real Estate Agents | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Realtors Want To Reform The Mortgage Business

Charlotte Bank Burned By CA’s Real Estate Turndown

Two years ago, Wachovia was boasting about its move into California’s real estate market. Now the Charlotte-based bank is tightening its lending practices (effective April 26). It’s been burned by the subprime crisis. What’s the truth? Will Wachovia survive in … Continue reading

Posted in Bad Credit, Bankruptcy | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Charlotte Bank Burned By CA’s Real Estate Turndown

Restoring Faith In The World’s Credit Markets

Reuters reports on solutions to the credit crisis. Should central banks start buying toxic mortgages? The Bank of England says it will not. LONDON: The global financial crisis that has raged for months shows no signs of ending, and the … Continue reading

Posted in Bankruptcy | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Restoring Faith In The World’s Credit Markets