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How bad is the residential mortgage picture?

By: Myles, February 24th, 2010

 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 […]

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Posted in Economy, Foreclosure, Debt, Housing, Short Sale, Foreclosures, Cresession, Home Equity, Bankers, Residential Real Estate, Delinquency Rates, Market Trending | No Comments »

Right from the horses mouth: Congressional Oversight Panel Report

By: Myles, February 19th, 2010

On February 10, 2010 the Congressional Oversight Panel issued a most amazing and eye-opening report entitled: Commercial Real Estate Losses and the Risk to Financial Stability.
Here a quick executive summary — directly from the source – that should be read very carefully. Keep in mind, this is what the government’s oversight panel is concluding; not […]

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Posted in CMBS, CMBX, Commercial Title Companies, Commercial Real Estate | No Comments »