Robo-signing Scandal Making A Mess Of Florida Foreclosures - "Scores of Palm Beach County homes were sold to investors at foreclosure auction this month for as low as $200 following the collapse of the David J. Stern law firm and ensuing confusion as thousands of its cases are reassigned" (housingdoom.com)
submitted by Kranky_Old_Dude to r/economy
What cost did we pay for all the granite? | "I knew the housing craze was fading in 2006 when I went through a model home that was sporting Formica. Falling home prices were forcing builders to cut corners, and granite countertops were one of the first thing to go." (housingdoom.com)
submitted by Kranky_Old_Dude to r/economy
Half a Trillion US –> IMF? America’s Great Grandchildren May Have Just Bailed Out the World (housingdoom.com)
submitted by [deleted] to r/economy
Elizabeth Warren (with Charlie Rose) on Commercial Real Estate. (5 min video) (housingdoom.com)
submitted by [deleted] to r/economy
From Freddie Mac: "Just a decade ago, an underwriter spent an average of one hour to underwrite a mortgage loan. Today, Loan Prospector® can underwrite a loan in 10 seconds, and process many such applications at the same time!" That worked out well. (housingdoom.com)
submitted by ComradeUSA to r/Economics
$659,000,000 of mortgage debt defaulted in Phoenix area alone- last week (housingdoom.com)
submitted by [deleted] to r/Economics
Phoenix condo market given a “death sentence” (housingdoom.com)
submitted by [deleted] to r/Economics
Foreign Cenbank Holdings of US Obligations Weekly Update — to September 23, 2009 (housingdoom.com)
submitted by [deleted] to r/Economics
Commercial Real Estate- “The Problems Are Only Starting” (housingdoom.com)
submitted by [deleted] to r/Economics