Monday, March 5, 2007

Foreclosure Homes for $1,000? (San diego foreclosures)

Could those late-night infomercials be true?
SAN DIEGO----Accredited Home Lenders Holding Co. , a mortgage company specializing in non-prime residential mortgage loans, today announced results for the fourth quarter and year ended December 31, 2006.
Foreclosure, and terms related to the process, are fast becoming a part of conversations related to this real estate market slump.
A roundup of articles and data about the housing market.
SAN MARCOS -- The nation's troubled housing and mortgage markets will decline even further before they rebound, a prominent mortgage executive told a gathering of real estate agents at Cal State San Marcos on Friday.
Feb. 22--Mortgage professionals who are struggling with a national spike in residential foreclosure rates were warned yesterday to expect more of the same in 2007.
Shares of "subprime" lenders continued their decline Friday after federal bank regulators asked them to be more cautious when making the high-risk loans and scrutinizing borrowers' ability to repay them.
San Diego County real-estate foreclosure sales jumped more than sevenfold since January 2006 -- levels not seen since the real-estate downturn of the 1990s, according to the most recent figures released by the county.

Saturday, March 3, 2007

Foreclosure spike may mean new consumer protection laws in Minnesota (San diego foreclosures)

With home foreclosures spiking, housing advocates, lawmakers and the home loan industy agree it's time to bolster consumer protection laws.
No two ways about it: The Chinese massacre that bashed stock markets worldwide Tuesday has dramatically changed the climate of American investing. The surefire bull market everyone has been proclaiming for months is now suspect and has given birth to a lot more fear and volatility. So what's next for the American market? My best guess, which disturbingly echoes the prevalent Wall Street view, is ...
With interest rates on the rise and the real estate market in a slump, adjustable mortgage rates are skyrocketing.
The numbers look terrible: The Dow Jones industrials down more than 400 points. The Nasdaq composite index off nearly 100.{v} Asian markets open low after down day for Dow{b}Investors urged to put decline in perspective
Federal bank regulators, worried about a surge in defaults on high-risk home mortgages, yesterday called on lenders to exercise caution in making subprime loans and closely evaluate borrowers' ability to repay them.
Consumers eligible to share in the national $295 million settlement with Ameriquest Mortgage Co. can expect information about refunds starting in April, say state regulators.
WASHINGTON Mortgage giant Freddie Mac said Tuesday it will no longer buy those high-risk home mortgages that it deems to be the most vulnerable to foreclosure. The surprise move came amid a deteriorating market for subprime loans affected by slumping home prices and rising interest rates.
SANTA MONICA, Calif. (MarketWatch) -- If a significant drop in the stock market is good for anything (besides short-selling, that is) it's good for showing where the financial warts and vulnerabilities are in the capital markets as a whole.
The collapse in the subprime lending market is starting to worry economists, including Federal Reserve Chairman Ben Bernanke, who says he is paying close attention to the problem.

Friday, March 2, 2007

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Saturday, January 13, 2007

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Sunday, December 31, 2006

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Saturday, December 30, 2006

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Friday, December 29, 2006

Fighting Words (San diego foreclosures)

Thanks largely to Bob Schulz of the We The People Foundation and the Internet, Americans in every walk of life nationwide are becoming increasingly aware of the Internal Revenue Service and Department of Justice's outright refusal to cite federal law that specifically requires American citizens to pay an income tax, or for employers to withhold income taxes from their employees.

Thursday, December 28, 2006

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Sunday, December 24, 2006

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Friday, December 22, 2006

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