Archive for the 'Housing' Category

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10% Of Homeowners Behind In Payments Or In Foreclosure

By Justin Gardner | Related entries in Business, Economy, Housing, Money

Some more “depressing” statistics come out on the heels of the massive jobless claims last month. From Bloomberg: The share of mortgages 30 days or more overdue rose to a seasonally adjusted 6.99 percent while loans already in foreclosure rose to 2.97 percent, both all-time highs in a survey that goes back 29 years, the [...]

December 5th, 2008 | Permalink| 7 Comments »

Commonsense Regulatory Ideas Ignored Prior to Mortgage Meltdown

By Alan Stewart Carl | Related entries in Bush, Economy, Housing

What continues to bother me about the financial crisis is that so many people saw the warning signs and yet so many others refused to pay attention to the risks. A new AP report reveals the extent to which the Bush administration ignored the danger. Here’s a list of what the administration could have done [...]

December 1st, 2008 | Permalink| 8 Comments »

The “Downfall” Of The Housing Market

By Justin Gardner | Related entries in History, Housing, Video

I’m stealing this from Doug because it’s so good… Doug, I owe you a beer when we actually meet outside of the blogosphere. This made me laugh out loud.

November 22nd, 2008 | Permalink| 4 Comments »

The Foreclosure Crisis In Michigan

By Justin Gardner | Related entries in Business, Cars, Economy, Housing, Michigan, Taxes, Video

The following video shows you something you may not have seen before…pages upon pages of tax foreclosure listings published in the Detroit Free Press. To be specific…137 pages of tax foreclosure listings. Basically, these are people who are delinquent on paying their taxes and could have their homes foreclosed on in 2009 if they don’t [...]

November 18th, 2008 | Permalink| No Comments »

Good Intentions Gone Bad in the Housing Market

By Alan Stewart Carl | Related entries in Housing

The housing/credit crisis has a lot of causes and plenty of parents, in both the public and private sectors. One man who’s been involved in housing at the highest levels of government and at the most intimate levels of a local community is Henry Cisneros, the former mayor of San Antonio and Bill Clinton’s original [...]

October 19th, 2008 | Permalink| 6 Comments »

McCain’s “Simple Mistake” Reverses Entire Mortgage Plan

By Justin Gardner | Related entries in 2008 Election, Economy, Housing, McCain

When you miss a detail as big as this, you have to wonder if the hand at the tiller is all that steady. This phrase was originally in McCain’s plan: “Lenders in these cases must recognize the loss that they’ve already suffered.” Well, that was wrong. Lenders won’t be suffering any losses at all. Instead, [...]

October 9th, 2008 | Permalink| 1 Comment »

Is McCain’s Homeowner Bailout Proposal New?

By Justin Gardner | Related entries in 2008 Election, Economy, Housing, McCain

First, Politico details the “new” proposal… “The McCain Resurgence Plan would purchase mortgages directly from homeowners and mortgage servicers, and replace them with manageable, fixed-rate mortgages that will keep families in their homes,” according to the campaign. “By purchasing the existing, failing mortgages, the McCain Resurgence Plan will eliminate uncertainty over defaults, support the value [...]

October 7th, 2008 | Permalink| 10 Comments »

Are Really Small Homes The Future?

By Justin Gardner | Related entries in Energy, Environment, Ethics, Housing, Video

With Americans defaulting left and right on their McMansions, a new trend is emerging. NBC investigates… So, could you live in a house that small? I think I could live in the second one but certainly not the first. That house was ridiculous. Regardless, I love this “Think Small” trend. Smaller homes, smaller cars and [...]

October 3rd, 2008 | Permalink| 11 Comments »
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