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 […]