Housing Crisis for California, Again

Housing Wire – Decades from now, when history writes the story of the Millennials, they may well be remembered as the first generation for whom using smartphones and social media was as natural as taking a breath. Yet unless things change, there’s a good...

Social Media Gets a High Profile In BofA’s Fraud Case

If the power and reach of social media in today’s world were ever in doubt, here’s the latest demonstration: a profile on the professional network LinkedIn became the equivalent of a real person in the latest fraud case against perennial defendant Bank of America....

Seller Financing: The New “Subprime” Mortgage

In the bad old days of the housing collapse, subprime mortgages were blamed as a major cause of the rush of foreclosures into the housing market and the subsequent downturn of the housing industry as a whole. As mortgage lenders have cleaned up their act, these risky...

Where Have All the Borrowers Gone?

A September 2012 report by CNBC on the state of mortgage lending in the US in the wake of the well-publicized housing collapse states that, although mortgage rates are nearing record lows, fewer mortgage applications are currently being processed. While the reasons...

Deferred Foreclosures: a Boost for Investors

In a recent Realty Check report, Diana Olick notes that although the nation’s housing crisis appears to be stabilizing, a major area of activity in the housing market is concentrated on the market’s low end – sales of foreclosures and distressed...