Housing Charting the Housing Market – Charles Hugh Smith Is Buying A Florida Condo Too Risky? – WSJ The Foreclosure Report – ForeclosureRadar “To reach the conclusion that there will be a wave of foreclosures, you have to assume that the banks either want to foreclose – they don’t – or will be forced to [...]

Housing Addressing the Weak Housing Market: Is Principal Reduction the Answer? – Edward DeMarco Ed DeMarco and the spectre of strategic modifiers – Felix Salmon I, for one, would be petrified of playing this game, because I would have no faith at all that my mortgage servicer would do the right thing and give me that [...]

Housing Big Numbers Still Don’t Sway DeMarco Towards Principal Reduction – DS News Bank of America streamlining short-sale procedures – Inman News Bank of America says it’s makingchanges to its short-sale procedures that will shorten decision times on short sale offers to 20 days, down from 45 days or longer. What If Housing Is Done for [...]

Housing More Proof of Obama Mortgage Settlement Lies: Woefully Underresourced Investigation Not Fully Staffed Yet - Yves Smith Speech by FHFA acting director Edward DeMarco - CR As I have noted the NPV results alone are not the sole basis for the decision on whether the Enterprises should pursue principal forgiveness.One factor that needs to be considered [...]

Housing HOUSING: ‘This is crazy’: Home ownership cheaper than renting – North County Times HUD Secretary on Principal Reductions - CR FHA delays controversial collections rule for mortgage coverage eligibility – HousingWire The Federal Housing Administration rescinded and will delay a rule that as of April 1 prohibited borrowers with more than $1,000 in disputed collections accounts from [...]