In a word, the residential mortgage picture is: BAD.
As reported by MarketWatch, more than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan (or are “under water”), than their home is now worth, according to a report released February 23, 2010, by FirstAmerican CoreLogic.

More than 10% of […]

We normally would NOT reproduce language from a prospectus filed with the SEC. HOWEVER the following language is culled directly from a very interesting and timely filing made by First Mariner Bank on Tuesday (2.9.10).
It is so related to our recent posts – regarding the collapse of the commercial real estate market and the heavy-weight […]

Governor Martin O’Malley and Lieutenant Governor Anthony Brown released data in the form of a StateStat Update on foreclosure prevention outreach efforts in Maryland:

Through the first six months of 2009, approximately 18,112 foreclosure filings occurred in
Maryland.
Compared with 17,625 filings for the same period last year, this represents a growth of about 2.8 percent.
In […]

As reported by ZeroHedge today – Mortgage Delinquencies Hit Record High, New Home Sales Disappoint. Green shoot believers, who are forever searching for clues of positive signs of recovery, will be devastated when they see these grave statistics. Sorry but the numbers are the numbers:

12 percent of homeowners with a mortgage are behind on their payments or in foreclosure.

Half of […]

FRE NOTHAFT_05-06-09[1]

Publish at Scribd or explore others: Magazines & Newspape How-to-Guides & Manu […]

One mans trash is another mans treasure. Here is a report to mull over, for those with cash and/or financing facilities. Is the glass half-full or half empty? Depends ….
As reported by the Baltimore Business Journal, the Baltimore-Washington, D.C. region ranks fifth in the nation for metropolitan areas hardest hit by the nationwide credit crunch, […]

Believe it or not, in Maryland the news is mixed, when it comes to foreclosures. It is not all negative. So how bad is residential real estate in Maryland? As reported today in the Baltimore Business Journal, RealtyTrac, Inc.

One of every 774 households in
Maryland was in foreclosure in October, according to an industry report […]

The Pew Charitable Trust has just released a comprehensive 54 page report entitled: