March 30, 2017

For Many Home Equity Loans, Payment Shock Is Near

“Ten days ago, the Office of the Comptroller of the Currency published some frightening … [Read more...]

For Many Home Equity Loans, Payment Shock Is Near

“Ten days ago, the Office of the Comptroller of the Currency published some frightening … [Read more...]

How Do You Take Your Catastrophe? Um, just a little at a time, please… with two Splendas.

  We really are, in large part anyway, a nation of petty, self-absorbed, badly behaved … [Read more...]

CoreLogic June MarketPulse Report | Negative Equity Increases Home Prices in Toughest Markets

“Paradoxically, as the flow of REOs has slowed over the last 18 months, negative equity has … [Read more...]

Recovery is Near! /sarcam | CNN – More than 30% of Mortgage Borrowers Still Underwater

More than 30% of mortgage borrowers still underwater NEW YORK (CNNMoney) — Despite rising home … [Read more...]

Map | The U.S. Housing Crisis: Where are home loans underwater?

click for full interactive map The United States of Atlantis With U.S. home values off 35% from peak … [Read more...]

Still Crawling Out of a Very Deep Hole, The Collapse of Home Equity

NY Times – Still Crawling Out of a Very Deep Hole At the same time, home equity — for most … [Read more...]

Still Crawling Out of a Very Deep Hole, The Collapse of Home Equity

NY Times – Still Crawling Out of a Very Deep Hole At the same time, home equity — for most … [Read more...]

Principal Reduction and Strategic Default

Moral hazard, moral hazard, moral hazard....  How often have we heard that as a reason for why … [Read more...]

Calling DeMarco’s Bluff? Use the GSEs’ Market Power to Force 2d Lien Write Downs

There's been mounting pressure on the acting head of the FHFA, Ed DeMarco to order Fannie Mae … [Read more...]

Arizona’s SB 1451 – Does Arizona Have the Right to Save Itself from Drowning in Underwater Loans?

Drowning in the desert.  The irony alone could kill you. Arizona’s Senator Michele Reagan … [Read more...]

Foreclosures Draw Private Equity as U.S. Sells Stolen Homes

“the administration asked for proposals to sell the government’s inventory of foreclosed homes … [Read more...]

Adam Levitin | HARP’s Dirty Little Secret: Most HARP Refis are of Positive Equity Mortgages

HARP’s Dirty Little Secret: Most HARP Refis are of Positive Equity Mortgages So the … [Read more...]

Negative Equity: How Many Loans are Underwater in Your State?

Home equity has become a thing of the past for millions of homeowners. Nearly 11 million, to be … [Read more...]

Negative Equity: How Many Loans are Underwater in Your State?

Home equity has become a thing of the past for millions of homeowners. Nearly 11 million, to be … [Read more...]

The US’s Missing Housing Policy

The United States has no housing policy. And there's none on the horizon either. That's a … [Read more...]

The Sweep-It-Under-the-Rug Housing Plan (updated)

There is $700 billion in negative equity in the US. That is the critical figure. Any housing plan … [Read more...]

The Way Forward: Going in Circles?

The latest proposal for dealing with the mortgage crisis comes from The Way Forward by Daniel … [Read more...]

More on Refinancing Plan

Chris Mayer, one of the authors of the refinancing plan, a version of which is currently being … [Read more...]

Refinancing Malarkey

It looks like the Obama Administration is about to endorse some version of the Hubbard-Mayer plan of … [Read more...]

Principal Pay Down in Chapter 13 as a Means of Foreclosure Prevention

As we have discussed recently, here and here, the Federal Housing Finance Agency has asked for ideas … [Read more...]

Any Bright Ideas?

Jean Braucher has noted the FHFA's RFI on foreclosure prevention. A huge problem with any … [Read more...]

The U.S. residential real estate market is in a full-blown crisis. And there’s no easy way to solve it

From the Worthy Intellectual Wharton Magazine: Wharton Magazine Equally troubling is the number of … [Read more...]

Foreclosures Increase 11.2% in Third Quarter over Second Quarter of 2010. And that means…

According to Wednesday’s report released by the Office of the Comptroller of the Currency (“OCC”) … [Read more...]

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