Wednesday 4th December
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Talking Up the Housing Market? Yada, Yada, Yada… Talk is Cheap
Written on 30 Nov, 2012 at 6:32
The fact that there are properties at the very bottom that appear to have increased in price by a few points is no indication that housing is recovering. ... (Continue reading)
Stuff Ex-Homeowners Can Buy for $2,000
Written on 14 Feb, 2012 at 7:28
The monetary terms aspect of the mortgage settlement agreement is completely worthless to everyone. Three billion to provide refinancing for underwater mortgages? If that was executed perfectly, it MIGHT refinance 15,000 homes nationwide. Why even bother doing... (Continue reading)
I’m So Happy that I Ignored the whole AGs-Investigate-the-Servicers Thing
Written on 9 Mar, 2011 at 11:28
Well, what they're calling the Attorneys General "Term Sheet" is out and to kick it all off, I went with an analysis of the AG's work product written by Joshua Rosner, who is Managing Director at independent research consultancy Graham... (Continue reading)
Guest Post: Principal Reduction Modification Math, by Rick Rogers, JD/MBA
Written on 27 Feb, 2011 at 10:57
This report will compare the Net Present Value (NPV), of standard Home Affordable Modification Program (HAMP), modifications with Principal Reduction Alternative HAMP (PRA HAMP) modifications. If the mortgage principal balance on a home exceeds 115% of its market value,... (Continue reading)