CoreLogic is a company that tracks all kinds of trends. They take a slice of recent history and the economic factors within it and do cool calculations that slice and dice information used by pundits and prognosticators – and sometimes speculators. Data is only as good as its interpretation.  What is even more important is [...]

It is beyond me how people who call themselves writers seemingly have no imagination about subject matter. There are so many things to write about in the housing industry that it confounds me when I read repeated articles about old news. Do we really need to understand that housing foreclosures are about to pick up [...]

You have exactly four options if you are underwater on your mortgage.  They are as follows: Modify your loan (hopefully it is not serviced by Fannie / Freddie) Attempt a short sale Stay and pay Walk away And that is about it.  Of course, if you live in a very desirable area, you have a [...]

The State of Nevada has made it very clear that it will not tolerate improper foreclosures by making it a felony to not follow foreclosure procedure. This is simply a good thing. Removing someone from their home is a very serious business and has deep emotional and social implications. Until recently, foreclosures were being handled [...]

I have always said that if you torture a number long enough, it will say whatever you want it to say. I believe that is the case with a recent study conducted by the Federal Reserve Bank of Cleveland. The study claims that foreclosed upon properties that are vacant have a lesser negative impact than [...]

Okay, I have made a couple of comments in this blog with regard to the actions of servicing agents and their role in the housing crisis. And now I have more to rail about. As part of the realignment of Fannie and Freddie and their foreclosure policies, the FHFA has directed the two thieving behemoths [...]

I love Vince Lombardi quotes. One of my favorites is: “There are three kinds of people, those who make things happen, those who watch things happen and then there are those poor individuals who stand around and wonder what happened”. Whenever I read the NYT, I am reminded that the writers and editors of the [...]

As you know, we have been reporting on the issues related to the gigantic case involving the largest lenders in the land and their involvement in the robo signing scandal involving over 4 million homes that are estimated to have been wrongly foreclosed upon. Next month, those homeowners will receive letters in the mail, informing [...]

Some people are actually beginning to wake up and realize that the stress of attempting to hold on to their homes is simply not necessary. Especially when the properties are underwater and they are trapped because they cannot qualify for a modification of their home.  They are walking away in what is referred to as [...]

A new survey from MacroMarkets said that even though the housing market as a whole will not see any gains in the next five years, some areas are doing well and will continue to do so. This is not much of a surprise because these same areas have been doing well for ages. The areas [...]