Refinance Free Credit

A story at Bloomberg Tuesday takes a populist tack on a story we’ve covered pretty extensively here at Housing Wire for the past few months: that both Fannie Mae (FNM: 22.27, -0.31%) and Freddie Mac (FRE: 19.90, -0.45%) have yet to really make a huge dent in the new jumbo-conforming space that Congress let them [...]

Well, that didn’t take long. It’s not even been a month since the $60 billion bailout/refinancing effort was completed for Residential Capital LLC, the ailing mortgage lending arm tied to GMAC LLC, and already questions are being whispered over the company’s future. Bloomberg gives those whispers some ink: Whether [the $60 billion is] enough to ride out [...]

Well, that didn’t take long. It’s not even been a month since the $60 billion bailout/refinancing effort was completed for Residential Capital LLC, the ailing mortgage lending arm tied to GMAC LLC, and already questions are being whispered over the company’s future. Bloomberg gives those whispers some ink: Whether [the $60 billion is] enough to ride out [...]

Well, that didn’t take long. It’s not even been a month since the $60 billion bailout/refinancing effort was completed for Residential Capital LLC, the ailing mortgage lending arm tied to GMAC LLC, and already questions are being whispered over the company’s future. Bloomberg gives those whispers some ink: Whether [the $60 billion is] enough to ride out [...]

Well, that didn’t take long. It’s not even been a month since the $60 billion bailout/refinancing effort was completed for Residential Capital LLC, the ailing mortgage lending arm tied to GMAC LLC, and already questions are being whispered over the company’s future. Bloomberg gives those whispers some ink: Whether [the $60 billion is] enough to ride out [...]

Fasthold Capital, Inc. is the lastest firm to jump headlong into the distressed mortgage market, with the announcement Tuesday morning that it had raised more than $300 million in committed capital to acquire assets as a principal investor. The Orange, Calif.-based company, like many other competitors now entering the space full-bore, started in the space [...]

Loss mitigation is big business these days, an outcome that has clearly worked to the benefit of firms like Salt Lake City-based Titanium Solutions Inc., whose core business involves putting a personal face on banks’ interests when dealing with troubled borrowers. The company helped pioneer the business of third-party door knocking, as it’s known in [...]

I thought this was cool.

The New York Stock Exchange has made real-time price data available to the public free of charge via Google and CNBC.  So if you’re in to stocks but not in to paying for real time pricing you can follow along at either of the two sites.  Google and CNBC are picking up your tab by paying the NYSE for the right to publish real-time data.

A sample here (fyi, I don’t hold any positions in MSFT).

Share This

It should come as no surprise that home prices nationally continued to fall during April; the Standard & Poor’s Case-Shiller home price indices, a well-known measure of housing prices, found that the prices of existing single-family homes across the U.S. kept falling at a record pace at the start of the second quarter. Price declines [...]

The Case Shiller Housing Price Index fell 15.3% year over year (yoy) last month, the largest drop in the survey’s existence.  The biggest losers continue to lose big, with markets such as San Diego, Miami and Las Vegas posting the largest gains.  Every market in the 20-market survey lost over the past month.  Charlotte was the “winner” with only a .12% decline in prices yoy.

You can read the full release about the update here (PDF).

Here’s the graph courtesy of Standard & Poors:

Here are how the markets faired courtesy of The Big Picture:

Share This