1. Bay Area Housing Report (homeguide123.com)
2. Denver real estate not recovering (rockymountainnews.com)
3. A House Unsold; the Dream Dims (usnews.com)
4. Can’t sell, so owners give bank the houses (detroitnews.com)
5. Subprime housing game is over (articles.moneycentral.msn.com)
6. Shanghai stock exchange graph (finance.yahoo.com)
7. Does anything mean what it used to? (Mish)
8. Arizona housing bubble and mortgage fraud funder shut down by regulators, 75 offices closed, untold damage done (housingpanic.blogspot.com)
9. House price slump continues (money.cnn.com)
10. Freddie Mac toughens subprime standards (marketwatch.com)
11. Freddie Mac Bans Unaffordable Subprime House Loans Much Too Late (patrick.net)
12. How Youngsters Were Duped Into the Subprime American Dream (usmarket.seekingalpha.com)
13. Building slump’s impact widens (dallasnews.com)
14. US Subprime Mortgages Fallout and Declining Housing Market likely to hit the Stock Market (marketoracle.co.uk)
15. The Fed is facing an inconvenient truth (marketwatch.com)
16. House Values Underperform Other Assets (realestatejournal.com)
17. Rickety Analysis of Housing Market (voiceofsandiego.org)
    

1. Napa County Rent vs. Buy Analysis (efinancedirectory.com)
2. Contra Costa County House Sale Report (efinancedirectory.com)
3. Gilroy hit by irresponsible lending and irresponsible borrowing (gilroydispatch.com)
4. Assessments rise, yet house values plunge (macombdaily.com)
5. Tri-State Foreclosure Considered “Epidemic” (wcpo.com)
6. Real estate’s new dirty word: Inventory (palmbeachpost.com)
7. Fairfax real estate loses value (washingtonpost.com)
8. Housing hangover gives U.S. a headache (iht.com)
9. US mortgage default fears grow (news.yahoo.com)
10. Risk and Return in Subprime Mortgages (aei.org)
11. Wall Street most at risk in housing downturn (upstatehouse.com)
12. Worst risk to market? Subprime mortgages (usatoday.com)
13. High-risk customers breaking mortgage lenders (news-leader.com)
    

Happy Monday!

<><><><><><><><><><><><><>
One of the EasyHUD Underground Gurus
has decided to reveal how we can have
ALL of our forelcosure marketing done
for us. What EXACTLY does this mean
for the EasyHUD community? Read on …
<><><><><><><><><><><><><>

Well, the truth of the matter is that our future marketing strategy looks like this:
- You won’t need to find foreclosure lists anymore;
- No more struggling with developing marketing material;
- No more guessing how often to mail your prospects;
- Never need to buy stamps or lick envelopes again;
- No need to go to the post office everyday;

This week I will have the #1 experts in the field reveal why their ‘Done For You’ Marketing Campaigns drive customers TO YOU … which means YOUR foreclosure business will be simplified down to ONLY 2 STEPS:
1. ‘Handle Calls from Motivated Customers’
2. ‘Close the Deals!’

Want to know the ONLY way to get every Marketing Campaign ‘Done For You’ ?

You can only find out by coming to EasyHUD’s Wednesday Webinar!

WHEN: Wednesday, February 28, 2007
TIME: 6:00pm PST/9:00pm EST
Reserve your Webinar seat now at:
www.EasyHUD.com/training/STL

Space will be limited, and I am not sure that I will be able to provide a ‘replay’ since this will be done over a webinar rather than just a teleseminar.

• US Housing Meltdown (safehaven.com)
• US mortgage crisis goes into meltdown (telegraph.co.uk)
• Subprime Loans Slide With Housing Market (kiplinger.com)
• Treasuries Rise as Investors Seek Haven From Subprime Mortgages (bloomberg.com)
• Subprime Mortgage Risk Rises for a Fifth Week, Derivatives Show (bloomberg.com)
• Lenders back off riskier loans (detroitnews.com)
• ResMae Collapse May Signal More Subprime Bankruptcies (bloomberg.com)
• Shifting housing market snubs bad credit (hosted.ap.org)
• Unraveling Housing Market is the Key (comstockfunds.com)
• Japanese Stocks May Drop on U.S. Housing Loan Default Concerns (bloomberg.com)
• KB Home options spur criminal probe (ocregister.com)
• SoCal realtor pleads guilty to leading $12M foreclosure scam (fresnobee.com)
• Another guilty plea in mortgage fraud (kansascity.com)
• Real estate game ends at CondoFlip (bizjournals.com)
• CA Bill to provide truthful advertising of mortgage rates (leginfo.ca.gov)
• Sales of vacation houses sink 37% in ‘06 (latimes.com)
• Housing-Starts Plunge Prompts Question: Are We There Yet? (realestatejournal.com)
• Caroline Baum on Inflation (Mish)
• Will housing bring down the economy? (money.cnn.com)
  

If you are following the advice of one of our recent Insider Interview guests, Bruce Mack, then you are in the process of creating a “credibility kit” to use when talking to homeowners. And if you are REALLY following Bruce’s successful model, then you are offering the homeowners a chance at a new start through credit restoration. The days of offering homeowners cash for them to deed the house are loooong gone.

IF you are indeed building a credibility kit AND promoting credit restoration to homeowners, then the article below should be printed out and placed in your credibility kit:

—> Click Here For the Article <---

1. California housing remains nation’s least affordable, despite falling prices (centralvalleybusinesstimes.com)
2. CA Insurance Commissioner Issues Statement on New Title Insurance Regulations (insurance.ca.gov)
3. Auction of 231 Foreclosed Houses in Ohio and Pennsylvania (biz.yahoo.com)
4. Lofty Hopes, Suspended (nytimes.com)
5. Business: Developer faces cash crisis (sptimes.com)
6. Builders cancel, put plans on hold (heraldtribune.com)
7. Mortgage Insecurities (nytimes.com)
8. Toll Brothers profit slides 67%; CEO says no real estate upturn yet (usatoday.com)
9. The Mortgage Market Debacle: It’s All in the Incentives (usmarket.seekingalpha.com)
10. Lenders Hit by Higher Default Rates (nytimes.com)
11. Subprime Titanic Hits Iceberg: Wall Street Abandons Ship (prudentbear.com)
12. Home Depot’s CEO sets a cautious tone as profit plunges (marketwatch.com)
13. New Wave Thinking (Mish)
14. The Second Great Depression (informationclearinghouse.info)
15. Housebuyers ditching the down payment (sacbee.com)

1. Desperate Bid To Sell (tbo.com)
2. Sellers advised to get real on prices (news-press.com)
3. California Luxury House Prices Fall as Buyers Wait (bloomberg.com)
4. Pricing Risk (Mish)
5. Developer halts Florida condo project, leaving it half-built (news-journalonline.com)
6. Lender Nightmares continue (activerain.com)
7. Subprime mortgages timebomb waiting to Explode (marketoracle.co.uk)
8. Could Tremors in the Subprime Mortgage Market Be the First Signs of an Earthquake? (knowledge.wharton.upenn.edu)
9. Why sub-prime lending has been popular (popmatters.com)
10. Lenders seemed to count on appreciation rather than people’s actual income (voiceofsandiego.org)
11. Subprime mortgage lender reports quarterly loss, shares plunge (marketwatch.com)
12. Can 4% of Houseowners Sink the Entire Market? (Charles Hugh Smith)
13. S&P Launches National House Price Index in the United States (biz.yahoo.com)
14. “Mortgage Assistance” can be worse than predatory lenders (wcnc.com)
15. Throwing Good Money After Bad (finance.yahoo.com)
16. A comprehensive update on the Housing Bubble (axisoflogic.com)
    

“The very first step to building wealth is to spend less than you make.”
- Brian Koslow

1. Sacramento: The pressure’s on sellers to lower their prices (usatoday.com)
2. Sales Decline in 40 States, No Bottom in Sight (efinancedirectory.com)
3. Marginal buyers face ruin (mlive.com)
4. Housing Starts Plummet: Pace Falls to Slowest in Almost 10 Years As Builders Pull Back (builderonline.com)
5. Housing Starts Plunge Illustrates Challenge Of Calling A Bottom (usmarket.seekingalpha.com)
6. Housing Starts and Recessions: Gloomy Statistics (seekingalpha.com)
7. Flooding the subprime zone (bloggingstocks.com)
8. The ‘Mysterious Magic’ of Subprime Lending Has Faded (seekingalpha.com)
9. Zero-down lenders folding (origin.denverpost.com)
10. Mortgage horrors for Barbadian-Yankees (nationnews.com)
11. Is Gold an Inflation Hedge? (Mish)
12. Hard questions circle housing (ocregister.com)

Well, the King of Carnival, Rex, made his appearane yesterday and the party is over. Thank goodness! Here is a parting (and partying) shot of Michelle and I enjoying the floats from the Krewe of Rex. Till next year, Rex …