Foreclosure pattern holds steady
Yesterday | via Contra Costa Times
The number of Bay Area foreclosed homes that became bank-owned properties declined slightly in November compared with a year ago, while more homeowners found themselves hit with foreclosure notices, the first step in the foreclosure process. Comment?
PMI needs regulatory help amid stock decline, execut...
Yesterday | via Daily Business Review
MI Group Inc., the mortgage insurer that lost $2.37 billion in the last two years, will need help from regulators to back new policies because it is unlikely to raise money by selling shares, the chief business officer said. Comment?
PMI Needs Regulatory Help on Capital Levels as Stock...
Yesterday | via Bloomberg
PMI Group Inc., the mortgage insurer that lost $2.37 billion in the last two years, will need help from regulators to back new policies because it is unlikely to raise money by selling shares, the chief business officer said. Comment?
First-time buyers can get help on down payments
Yesterday | via SF Gate
Cobbling together funds is one of the biggest challenges in buying a house. But ironically, some government programs to provide down payment help can't find enough folks to take their largesse. Comment?
Sunday Dec 6 | via San Francisco Chronicle
Rates on 30-year mortgages sink to record low Associated Press The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent last week, pushed down by an aggressive government campaign to reduce borrowing costs. Comment?
Stockton Foreclosures for Sale Soared as Economy Slu...
8 hrs ago | via NowPublic
Stockton foreclosures for sale climbed up by 37 percent in November as the economic condition in the area continued to slump. Comment?
U.S. Foreclosures to Reach 3.9 Million in Second Rec...
21 hrs ago | via BusinessWeek
Foreclosure filings in the U.S. will reach a record for the second consecutive year with 3.9 million notices sent to homeowners in default, RealtyTrac Inc. Comment?
Report: Wash. foreclosures up 15% over last year
22 hrs ago | via Seattle Post-Intelligencer
Foreclosures in Washington were up 15.45 percent in November over the same period last year, according to a report from RealtyTrac, with one in every 835 homes receiving a foreclosure notice. Comment?
Report: California new-home market up for 1st time i...
23 hrs ago | via Silicon Valley / San Jose Business Journal
The pace of home sales at California new-home communities rose above year-ago levels for the first time since December of 2006, the California Building Industry Association reported Thursday. Comment?
5 Homes To Be Auctioned Tonight At 7
Yesterday | via TurnTo23.com - Local News
With one of the highest delinquency rates in the nation, California's housing market is swimming in foreclosures. Comment?
6 min ago | via CNN
The House passed legislation Friday aimed at preventing the next big financial crisis, ushering in the most sweeping set of changes to the banking regulatory system since the New Deal. Comment?
U.S. House passes Wall Street regulation bill
8 min ago | via The Toronto Star
WASHINGTON House Democrats headed into the final stretch on a long-awaited Wall Street regulation bill Friday after fending off an effort to kill a proposed U.S. consumer agency that is a central feature of the legislation. Comment?
Massive mortgage bond issues now routine
9 min ago | via Globe and Mail
Blogs Friday, December 11, 2009 4:36 PM Massive mortgage bond issues now routine T he extraordinary has become ordinary at Canada Housing Trust, as the federal agency staged another massive bond financing on Friday with a $6.5-billion offering of debt. Comment?
House approves sweeping financial reforms
9 min ago | via X101.5
The House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and congressional Democrats. Comment?
Namibia: Economic Crisis (2007-2009), Where to From ...
3 hrs ago | via AllAfrica.com
Lennox Chibahwile 11 December 2009 We continue with our series of lectures regarding the causes of the financial crisis and the aftermath. Comment?