Inside the OCC and OTS Mortgage Metrics Report (mentioned briefly this morning), is a collection of charts and graphs depicting mortgage re-default rates after loan modifications. To say the least, the information is damning. Is it too early to declare mortgage modifications a complete failure? Here is a series of revealing charts: The following chart [...]
We are extremely pleased to announce that one of the industry’s most prolific bloggers has decided to join our network. He is also a top-producing REO Agent and he will be a tremendous resource for all of us. John Occhi will be writing for HousingStorm’s Hemet-San Jacinto Blog. John is a fantastic writer and Realtor [...]
Michelle Kaufmann, pioneer of modern prefab architecture, has made a deal with Boston’s Blu Homes to sell her signature designs. The good news for all of us that Blu Homes has invested in new technology to make green, prefab homes more efficiently. Anything that can lead to more of Michelle’s designs getting produced is a [...]
With only three months until his departure, Ken Lewis isn’t giving Bank of America much time to find the right replacement. And, it wasn’t that long ago that CNBC’s Charlie Gasparino reported that Lewis had no plans to step down even if he was sued. So, why the sudden change of plans and why the [...]
Drew Voros writes another excellent article for the Oakland Tribune Homeowners in limbo real `hidden’ inventory When a bank forecloses on a home, you probably think that sticking a “Bank Owned For Sale” sign in front of the property soon follows. Or when a homeowner misses three, four or even nine months of payments, you [...]
Controversy Over American Girl’s $95 “Homeless” Doll – The Atlantic No one wants to be the conspicuous consumer during The Great Recession, but how much recession sensitivity is too much recession sensitivity? Well, for the multimillion-dollar American Girl line (owned by Mattel) political correctness goes far — all the way to the bank, in fact. [...]
From The Treasury OCC and OTS Release Mortgage Metrics Report for Second Quarter 2009 WASHINGTON — Actions to keep Americans in their homes grew by almost 22 percent during the second quarter of 2009, according to a report released today by the Office of the Comptroller of the Currency and the Office of Thrift Supervision. [...]
