Hope for economic rebound now that sub base stays
It could be a rebound because there was certainly a real slow down. Fewer people were buying and selling homes, waiting to see what would happen with the sub base.
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Bay Area home prices plunge 27% in last year Among resold homes, bank-repossessed foreclosures - which usually are discounted - accounted for 28.7 percent of all existing-home sales, up from just 3.5 percent in June 2007.read more...
Australia's Mortgage Plan May Push Lenders to Pass On Rate Cuts (Bloomberg) Sept. 29 (Bloomberg) -- Australia's purchase of A$4 billion ($3.3 billion) of mortgage-backed securities to revive frozen markets for the debt may increase competition in the banking industry and encourage
Surplus Property Adds Millions to State Coffers; State Government a Recycles' Used Items to Citizens By Secretary Gwynn Swinson N.C. Department of Administration The State Surplus Property Agency may be North Carolinaa -s ultimate recycler.read more...
Austin man sentenced to 27 years for mortgage fraud (News 8 Austin) Former Austinite Cornelius Robinson has been sentenced to more than 27 years in prison, for a mortgage fraud scheme. Federal prosecutors said he bought houses in the Austin and San
Stocks in U.S. Climb on Core Price Data; Citigroup, Alcoa Shares Advance U.S. stocks rose after a report on consumer prices suggested the economy can sustain its growth without sparking inflation and oil prices dropped below $48 a barrel.via
Ex-Countrywide Chief Forms Mortgage Buyout Firm (NPR) The former head of troubled mortgage lender Countrywide hopes to cash in on the mortgage crisis with a new venture. Stanford Kurland is heading up a company called PennyMac, which