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Tag Archives: Housing market still sucks

Small victory for the public in foreclosure mess?

29-Jan-12

 Maybe.  As Taibbi writes, it’ll depend on the actual wording of the settlement.  I’m less optimistic than he is about it.  I’m also curious where the money from said settlement would go? To the people who were affected by this perjury? Or to the State, for their use (ostensibly) in preventing and/or perusing offenders? Bookmark […]

Filed in Economy, Law, Mortgages, Villians, Wall Street | Also tagged , , , , , , , , , , , , , , , , | Comments (0) »

Housing Doom: Low interest rates no help to underwater homeowners

23-Sep-11

What’s surprising about this being news is that it’s news.  When we went through our personal housing crisis over two years ago, this was readily apparent.  Even when our 2nd mortgage sold it to another company at a discount, the 2nd company refused to even consider lowering our interest rate.  Their loss, in the end. […]

Filed in Economy, Mortgages, Real Life, Villians, Wall Street | Also tagged | Comments (0) »

Housing market: yep, still falling

01-Jun-11

Still not a good market, folks.  Unless you can tolerate further loss and/or are planning for the purchase to be your “forever” home, it is generally not a good time to buy. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

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PSA: It’s still not a good time to buy a house…

30-Jan-11

PSA: It’s still not a good time to buy a house. Fannie Mae and Freddie Mac are holding 242,000 properties off of the national market to prevent further deflation. That’s just these two entities folks; how many do the other banks combined hold? Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about […]

Filed in Economy, Mortgages, Politics, Villians, Wall Street | Also tagged | Comments (0) »