The US Treasury Department has announced a measure that they hope will save homeowners from foreclosure. Dubbed “Project Lifeline”, it hopes to give folks a chance to find new mortgage options and offers a delay in foreclosure for 30 days.
Having come close to it personally (my short sale story), and having met hundreds of […]

The National Association of Realtors (NAR), can always be counted on to find some way to positively spin the real estate market. However, over the last few months, they’ve been losing more and more positive items to spin. Their last seemed to be the median housing price, which had still been something that […]

I had covered earlier, that Bush had announced plans to help borrowers avoid foreclosure. At the moment it was rhetoric as we didn’t quite understand what would be required of homeowners in order to qualify for the assistance.
Well, today those details have come. Big thanks to CreditBloggers for breaking it:

It’s been tricky trying […]

Still on brief haitus, but the Arizona Mortgage Guru and Naked Capitalism had some interesting thoughts on causes of the lending meltdown we’ve been witnessing:

Yves Smith - Naked Capitalism
It suggests that many of the people who took out subprimes weren’t people who bought more housing than they could afford. It says they were already overstressed […]

In an article titled “Still Think That The Housing Bubble Is The Fault Of The Buyers And Not The Lenders?”, I proposed that while borrowers were not completely innocent, the lenders were still using quite devious practices to lure the borrowers into the fire.
If you’ve been following the news at all, you’ve no doubt heard […]