Wednesday Afternoon Reading


NAHB Builder Confidence index increases in February; Highest in over four years - CR

 Wednesday Afternoon ReadingThese Are The 10 NEW Most Expensive Cities In The World – Business Insider

FHA defaults up for ninth straight month – HousingWire

Bay Area’s hefty share of mortgage settlement – SF Chronicle

According to estimates from the California attorney general’s office, homeowners in the nine-county Bay Area are due to split $3.1 billion of the $18 billion to be distributed statewide. Alameda County is down to get the most – $757 million – followed by Contra Costa County ($651 million) and Santa Clara County ($588 million).

San Francisco should be receiving $147 million, according to the attorney general’s spreadsheet.

Under the settlement, approximately half a million California homeowners will be getting some sort of financial relief, in the form of principal reduction and easier refinancing for those currently underwater, or loan forgiveness and cash compensation (approximately $2,000) for those who have been foreclosed.

HUD’s Donovan Tells Remarkable Whoppers About Settlement to Mortgage Investors - Naked Capitalism

Obama Housing Plans vs. Reality – ProPublica

Fun With Numbers: Foreclosure Fraud Settlement Figures Tough to Add Up -FDL

Economy & Europe

Greece is broken, and can’t be fixed – Felix Salmon

Farage: Globalist Troika Driving Greece Towards Violent Revolution - Mish

Next Up: Portugal- Dollar Collapse

Euro-Area Economy Shrinks – Bloomberg

Student Loan Crisis Busts Retirement Savings – CNBC

Many parents who co-signed loans or borrowed money on their own for their children’s education now face the loss of their retirement nest eggs, homes and other assets. As student loan debt has topped U.S. credit card debt, “America faces the very real possibility of another major threat on par with the devastating home mortgage crisis,” according to a new study by the National Association of Consumer Bankruptcy Attorneys (NACBA).

David Rosenberg – “Let’s Get Real – Risks Are Looming Big Time” – Zero Hedge

We are constantly being told how much better the economy is doing. It’s incredible what the January employment report did to people’s perceptions of the macro landscape. It’s as if we were just transported to the mentality that prevailed this time last year.


How Paul Attracts The Young - Andrew Sullivan

AOL may never be able to patch up Patch – CNN

Santorum: Birth control ‘harmful to women’ – WaPo

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About Greg Fielding

I am a longtime real estate agent who has pretty much seen it all during the housing boom as bust. With experience in selling high-end property and low-end foreclosures, raw land, short sales, development work, apartment buildings, and working with investors, I bring a well-rounded perspective to my work.I also have started to do some paid real estate consulting. If you have questions or just need some good real estate advice, book an appointment at addition to selling real estate, my insights have been featured in The New York Times, The Big Picture, and regularly on I have also done consulting work with ForeclosureRadar.Starting my career, in 2003, I have sold homes throughout Alameda and Contra Costa counties, specializing in Danville, Alamo, Blackhawk, San Ramon, Dublin, Pleasanton, Walnut Creek, Lafayette, and Orinda. I live in Danville with my three kids.

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