Home Ownership Rates Continue To Fall

| April 30, 2013

The US Census Bureau reported earlier today that the US homeownership rates in the first quarter of 2013 dropped by 0.4% to a new 18 year low.  It now sits at 65% which is it’s lowest rate since 1995! www.zerohedge.com

WSJ Says 107 Months to Clear Banks’ Housing Backlog.

| October 30, 2010

This article from the Wall Street Journal:    No matter how you slice it, the housing market faces almost nine years of foreclosure hangover.  That means materially lower prices are likely from here with a chance we fall off a cliff when (not if) the next economic dislocation shows up.  October 30, 2010   By Mark Whitehouse 107:  Is […]

Meet Danielle And Jim: The Squatters Who “Reclaimed” Their Foreclosed Home Over The Weekend

| October 14, 2010

Let’s review this again……..the banks are run by people with prehistoric dinosaur brains* (but then again so are the homeowners)!  Lets see, these homeowners bought the house for $500,000 in 2001 and then borrowed everything out of it with an $880,000 no interest loan, so who made the loan, right if you said the banks,  the stupid […]

Foreclosure Furor Rises

| October 6, 2010

By DAVID STREITFELD and GRETCHEN MORGENSON Published: October 6, 2010 The uproar over bad conduct by mortgage lenders intensified Tuesday, as lawmakers in Washington requested a federal investigation and the attorney general in Texas joined a chorus of state law enforcement figures calling for freezes on all foreclosures. Representative Nancy Pelosi, the House speaker, and […]

Bank Of America Joins Ally Financial (The Old GMAC) And JP Morgan In Delaying Foreclosures

| October 1, 2010

By ALAN ZIBEL October 1, 2010 WASHINGTON -  Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents. The move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases […]

Bank Home Repossessions Jump 25% From One Year Earlier, Setting New Record

| September 16, 2010

U.S. home seizures reached a record for the third time in five months in August as lenders completed the foreclosure process for thousands of delinquent owners, according to RealtyTrac Inc. Bank repossessions climbed 25 percent from a year earlier to 95,364, the most since the Irvine, California-based data provider began keeping records. “We’re on track […]

U.S. Home Prices May Face 3 More Years Of Decline As Inventory Surges

| September 15, 2010

Bloomberg      09-15-2010 The slide in U.S. home prices may have another three years to go as sellers add as many as 12 million more properties to the market. Shadow inventory — the supply of homes in default or foreclosure that may be offered for sale — is preventing prices from bottoming after a 28 percent […]

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