The Sarasota Tribune has always done an excellent job of covering the foreclosure catastrophe that has infected our courtrooms. I attended yesterday’s 2 hour long hearing when Judge Dunnigan handed down the $49,000 penalty and will publish the transcript and Order as soon as they are completed.
More than anything, it’s good to see a judge [...]
06distressed.html?sq=sale%20of%20crumbling%20buildings&st=Search&scp=1&pagewanted=print Editor’s Note: Among the common myths being played out is that tired song about how market forces (a/k/a God) will provide. All corrections will come in good time and the system will be fixed. Not true — at least not this time. Whether it is a residential home, a neighborhood, an apartment building or [...]
Perhaps most notably, but least mentioned, the bill requires the credit rating agencies, Moody’s, Fitch, and Standard & Poors, to not only be more transparent, but also potentially liable for issuing “bad ratings” on bonds. The role of the bond market and the credit rating agencies in the financial meltdown is not widely understood, I’m aware, but it’s nice to know that Congress is aware, and this is evidence that that’s the case.
Here it is… the first article I ever wrote for The Niche report magazine. Click the linked title below: Pigs, Puppets & People in Peril. Seems like soooo long ago…
It’s Mandelman on The Real Estate Guys radio show! Yay! It’s sort of like Click & Clack, those brothers that do the Car Talk show on NPR on weekends. You think it’s going to be dull, but then it’s not.
The housing slump isn’t over. Tax credits and historically low mortgage rates have failed to lift home prices so far this year.
Real estate pricing – Single-family detached home – Business – Subsidy – Real estate
The Obama administration on Friday announced a major reworking of its troubled $75 billion plan to prevent foreclosures. The revamped program is now designed to aid jobless homeowners and people who owe more on their mortgages than their homes are worth.
Mortgage – Foreclosure – Presidency of Barack Obama – United States – President
Answer Desk’s John Schoen fielded readers’ questions in a live chat on Wednesday, Feb. 17. Here are some of his answers about the housing crisis and the economic recovery.
Real estate – Housing – Business – Residential – Property
Just for the moment, let’s pretend that James Cameron’s 1984 The Terminator was being made for the first time today, and, instead of the evil robots emerging from the fatally misguided foundries of Cyberdyne Systems, they came from the dark laboratories of Goldman Sachs. From out of the future, a warrior is sent back in time to warn the present.
“You still don’t get it, do you? They’ll find your money!! That’s what they do! That’s all they do! You can’t stop them! They’ll wait for you! They’ll reach down into your bank account and tear its f*&^*^g balance out!”
Taylor, Bean & Whitaker has been suspended from originating or underwriting FHA loans according to a press release by the Federal Housing Administration (FHA) today. The company was also terminated as a GNMA Seller-Servicer. One thing is for sure: the impact will be huge.
The Federal Housing Administration Tuesday suspended Taylor, Bean & Whitaker Mortgage Corp. from making loans insured by the federal agency, knocking out one of the biggest FHA lenders at least temporarily.
“More mortgage Q&A, this time I address the question, “What mortgage can I afford on my salary?” These days, in many cases you actually have to document your salary/income, as the stated income loan days have somewhat come and gone. That said, it’s important to see what size mortgage you can qualify for based on your actual salary.”
“Bank of America Corp. and Wells Fargo & Co. were the worst performers among the biggest U.S. banks in modifying loans for struggling homeowners, according to a Treasury Department report.”
“Ocala Police officers answer customer questions and guard the front doors of the Platinum Community Bank as numerous Federal agents descended onto Taylor, Bean & Whitaker Morgage Corp. at the Platinum Financial Center and Platinum Community Bank Monday morning August 3, 2009.”
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