Archive for November, 2007

30th November

Prices Fall, Inventories Rise, NAR Spins…and other foreclosure news!

  1. Prices Fall, Inventories Rise, NAR Spins (seekingalpha.com)
  2. Supply of houses on market at 22-year high (marketwatch.com)
  3. In Real Estate, Even Smart Money Got Burned (dealbook.blogs.nytimes.com)
  4. October foreclosure filings surge (money.cnn.com)
  5. House foreclosures soar 94 percent (reuters.com)
  6. U.S. Foreclosures Almost Double on Adjustable Mortgages (bloomberg.com)
  7. Lax oversight spurs foreclosures (detnews.com)
  8. Hawaii foreclosures continue rise (honoluluadvertiser.com)
  9. Fed sees “no signs of improvement” in West’s housing (lansner.freedomblogging.com)
  10. What’s so bad about falling house prices? (latimesblogs.latimes.com)
  11. New house prices plunge but sales still miss forecasts (money.cnn.com)
  12. Tempted by Financials’ Fat Dividends (businessweek.com)
  13. In housing downturn, a new uncertainty factor (csmonitor.com)
  14. Worst yet to come for England’s housing market (economist.com)
  15. Wells Fargo woes show breadth of mortgage meltdown (sfgate.com)
  16. Housing’s Pain Not Easing (thestreet.com)
  17. Audio Interview With Dean Baker (rttnews.com)
  18. Video Interview with Cramer on Housing (thestreet.com)
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29th November

House Take Steeper Turn For the Worse…and other foreclosure news!

  1. House prices take steeper turn for the worse (money.cnn.com)
  2. House price drop largest on record (news.yahoo.com)
  3. House Sales and Prices Plummet in Third Quarter (efinancedirectory.com)
  4. Real Prices Actually Lower Than Reported (thetrumpet.com)
  5. Getting rich off the subprime mess (articles.moneycentral.msn.com)
  6. Wells Fargo Braces For Mortgage Losses (thestreet.com)
  7. Citi Sells Stake to Abu Dhabi Fund (biz.yahoo.com)
  8. One Citi Analyst Reversal Shows Housing’s Challenges (cnn.com)
  9. Other Analyst Who Rocked Citi (businessweek.com)
  10. Conforming Loan Limit to Remain at $417,000 (ofheo.gov)
  11. What Happens if Freddie Mac Becomes
  12. Insolvent? (seekingalpha.com)
  13. How low will LA prices go? (latimes.com)
  14. Idaho housing prices falling (idahostatesman.com)
  15. Easy money, risky loans drive Detroit house losses (detroitnews.com)
  16. This Old McMansion (Charles Hugh Smith)
  17. King of the housing speculators (salon.com)
  18. Subprime cards’ high fees can add to debt troubles (usatoday.com)
  19. The Rise of Family-Friendly Cities (opinionjournal.com)
  20. Wisdom would have averted the subprime mess (marketwatch.com)
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28th November

House Price Drop Largest On Record…and other foreclosure news!

  1. House prices take steeper turn for the worse (money.cnn.com)
  2. House price drop largest on record (news.yahoo.com)
  3. House Sales and Prices Plummet in Third Quarter (efinancedirectory.com)
  4. Real Prices Actually Lower Than Reported (thetrumpet.com)
  5. Getting rich off the subprime mess (articles.moneycentral.msn.com)
  6. Wells Fargo Braces For Mortgage Losses (thestreet.com)
  7. Citi Sells Stake to Abu Dhabi Fund (biz.yahoo.com)
  8. One Citi Analyst Reversal Shows Housing’s Challenges (cnn.com)
  9. Other Analyst Who Rocked Citi (businessweek.com)
  10. Conforming Loan Limit to Remain at $417,000 (ofheo.gov)
  11. What Happens if Freddie Mac Becomes Insolvent? (seekingalpha.com)
  12. How low will LA prices go? (latimes.com)
  13. Idaho housing prices falling (idahostatesman.com)
  14. Easy money, risky loans drive Detroit house losses (detroitnews.com)
  15. This Old McMansion (Charles Hugh Smith)
  16. King of the housing speculators (salon.com)
  17. Subprime cards’ high fees can add to debt troubles (usatoday.com)
  18. The Rise of Family-Friendly Cities (opinionjournal.com)
  19. Wisdom would have averted the subprime mess (marketwatch.com)
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27th November

America’s Big, Fat Housing Inventory…and other foreclosure news!

  1. Who are the winners in mortgage mess? (msnbc.msn.com)
  2. ARM Resets to Hit the Fan in 2008 (seekingalpha.com)
  3. Why 2011 might not even be the end (blownmortgage.com)
  4. America’s Big, Fat Housing Inventory (businessweek.com)
  5. Foreclosure properties pile up in San Fran’s East Bay (eastbay.bizjournals.com)
  6. O.C. foreclosures rising faster than in 90’s (mortgage.freedomblogging.com)
  7. Freddie and Fannie’s Achilles’ heel (money.cnn.com)
  8. Credit Crunch in Financial Markets is Back, Only Much Worse (rgemonitor.com)
  9. Banks have billions more in undisclosed risk (money.cnn.com)
  10. Mortgage Meltdown on the Horizon (seekingalpha.com)
  11. How NovaStar held clues to mortgage mess (marketwatch.com)
  12. Markets Plunge on Credit Woes (nytimes.com)
  13. Home Loan Bank Warned About Countrywide Debt (cnbc.com)
  14. Countrywide Falls as Schumer Seeks Probe (bloomberg.com)
  15. Housing woes have domino effect (usatoday.com)
  16. Today I would have closed on our house (snarkolepsy.blogspot.com)
  17. Pain isn’t restricted to struggling houseowners (usatoday.com)
  18. US vs. Japan Land Prices: Pictorial Update (Mish)
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26th November

Mortgage Giants: The cracks are spreading…and other foreclosure news!

  1. At Home, but Not in Their Own (washingtonpost.com)
  2. Consider that house prices could fall 30% (nytimes.com)
  3. Behind Freddie and Frannie’s Free Fall (biz.yahoo.com)
  4. Mortgage Giants: The cracks are spreading (economist.com)
  5. Freddie, Fannie Shares Will Continue to Slide (bloomberg.com)
  6. Unease in mortgage bond market spreads to Europe (money.cnn.com)
  7. U.S. housing outlook sends dollar to record low (seattletimes.nwsource.com)
  8. How the World Works (salon.com)
  9. Even average houseowners feel rising mortgage floodwaters (marketwatch.com)
  10. Prisoners of Debt (businessweek.com)
  11. SF Bay Area Housing Market Summary (homeguide123.com)
  12. Detroit area housing slump wallops condos (detnews.com)
  13. Levitt bankruptcy leaves Orlando buyers without houses (orlandosentinel.com)
  14. Freezing Mortgage Rates Will Fail (Mish)
  15. In the housing crisis: a chorus of complaints (realestate.msn.com)
  16. Have we seen worst of mortgage crisis? (news.yahoo.com)
  17. Credit ‘heart attack’ engulfs China and Korea (telegraph.co.uk)
  18. Unsigned letter accuses agent of mortgage fraud (sptimes.com)
  19. The four stages of House Seller Sickness (blogs.tampabay.com)
  20. Foreclosure Watch: The Vultures Descend (pacificariptide.com)
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21st November

House Prices Decline in 17 US States…and other foreclosure news!

  1. House Prices Decline in 17 US States (efinancedirectory.com)
  2. CA had biggest US house-price drops (lansner.freedomblogging.com)
  3. Prices down 11% for San Francisco Area (housingtracker.net)
  4. Bay Area real estate symposium forecasts more gloom (sfgate.com)
  5. CA sees record $5 billion in foreclosures (centralvalleybusinesstimes.com)
  6. No Slowdown in Foreclosure Filings (promo.realestate.yahoo.com)
  7. Choosing Foreclosure (newsweek.com)
  8. ResCap Bank swaps imply 72 percent default risk (reuters.com)
  9. Should banks be protected from their mistakes? (money.cnn.com)
  10. Freddie Mac loses $2B, seeks new capital (news.yahoo.com)
  11. Shadow Mortgage Bailout Already in Progress (efinancedirectory.com)
  12. Builders trim outlook for recovery (money.cnn.com)
  13. Mr. Yun, Listen to Mr. Stumpf (seekingalpha.com)
  14. Appraisers say pressure is nothing new (floridarealtors.org)
  15. Beware the Selling Machines (jenman.com.au)
  16. The US economy is melting down (marketwatch.com)
  17. The Federal Home Loan Banks to the Rescue! (mises.org)
  18. Angst Filled Nook (bp2.blogger.com)
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20th November

The Economy’s $2 Trillion Worry…and other foreclosure news!

  1. Housing Market’s Stench Means Cut Price to Sell (bloomberg.com)
  2. The Economy’s $2 Trillion Worry (businessweek.com)
  3. U.S. facing $2 trillion lending shock (msnbc.msn.com)
  4. Who’s to blame for the mortgage mess? (articles.moneycentral.msn.com)
  5. San Mateo House Sellers in Trouble (baglady.dreamhosters.com)
  6. O.C. distressed houses for sale up 8.7% in 2 weeks (mortgage.freedomblogging.com)
  7. Freddie Mac’s subprime losses may hit $5 billion (biz.yahoo.com)
  8. Freddie Mac chart (charts3.barchart.com)
  9. Wall Street Plans $38 Billion of Bonuses as Shareholders Lose (bloomberg.com)
  10. Deutsche Bank’s View on the Housing Crisis (greatdepression2006.blogspot.com)
  11. Public School Funds Hit by SIV Debts (bloomberg.com)
  12. Six more hard years tipped for subprime fallout (thestandard.com.hk)
  13. Jim Rogers Urges People to Sell U.S. Dollar Holdings (bloomberg.com)
  14. OPEC Interested in Non-Dollar Currency (money.aol.com)
  15. Chicago lenders’ business loans going bad (chicagobusiness.com)
  16. Surviving the Housing Slump (newsweek.com)
  17. How Suburbs De-gentrify into Ghettos (Charles Hugh Smith)
  18. Fitzgerald Wrong: Rich Aren’t Different (bloomberg.com)
  19. House builder sentiment stuck at record low (usatoday.com)
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19th November

Bay Area New House Prices Down 20% in Two Years…and other foreclosure news!

  1. SF Bay Area new house prices down 20% in two years (sfgate.com)
  2. Fairfield, CA housing prices plunge 23% in one year (sfgate.com)
  3. Dwindling mortgage options leaves Bay Area sales mired in misery (sfgate.com)
  4. LA sales mired in jumbo loan slowdown (ocregister.com)
  5. CA Inland Empire Houses for less than $200K (housing-kaboom.blogspot.com)
  6. Forty to fifty cents on the dollar: the new reality (sptimes.com)
  7. Developer-lender combos helped build a bust (realestate.msn.com)
  8. Subprime mess is a crime story (canada.com)
  9. Banks can’t foreclose because they don’t own the loans anymore (nytimes.com)
  10. No shelter from the housing storm (articles.moneycentral.msn.com)
  11. America’s economy: Getting worried downtown (economist.com)
  12. Goldman Sees Subprime Cutting $2 Trillion in Lending (bloomberg.com)
  13. Could This Credit Crunch Have Been Avoided? (minyanville.com)
  14. NAR Issues More “Now is a Great Time to Buy” Propaganda (efinancedirectory.com)
  15. Unlocking the Riches of Oz (lvrg.org.au)
  16. Land value tax discourages speculative bubbles (en.wikipedia.org)
  17. Dollars no good for the Taj Mahal (news.bbc.co.uk)
  18. FBI attacks alternative to falling dollar (spokesmanreview.com)
  19. In Paul They Trust (The Feds May Differ) (washingtonpost.com)
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18th November

EasyHUD EXCLUSIVE – The $60K Seminar that almost cost me my job?

Man, I almost lost my "job" over this one! Turns out that I had to change the date of the call with Jack Sternberg to LAST NIGHT and most of you were expecting the interview to take place tonight. I "thought" I sent out an email notification to everyone, but when I checked the stats it looks like almost 90% of the EasyHUD community DID NOT get the notification. I feel like a chump … but every cloud has a silver lining, right?

I recorded the entire call so I could relisten to it, and Jack has agreed to allow me to provide the call for replay.
http://tinyurl.com/32n2ah <– GO HERE NOW!!!

My advice to you is that you should listen to this call ASAP. This was perhaps one of the most honest, raw, and enlightening interviews I have done in a long, long time.

I know a LOT of you are having a hard time in Short Sales and Pre-Foreclosure investing.

I know that the promises we hear from the "gurus" about real estate riches just haven’t materialized for a lot of you.

I know that because of today’s market a lot of you are finding yourselves having to do questionable things just to get your deals closed and put food on your tables.

But if you listen to Jack’s interview you will learn that there is a completely different, completely LEGAL, and completely risk-free way to creatively invest in Real Estate. After conducting this interview I decided that I am going to make some MAJOR changes in my own Real Estate Investing business. I’ll say it again, you should really listen to this interview ASAP:
http://tinyurl.com/32n2ah <– GO HERE NOW!!!

Let me apologize to all of you for the snafu and I can give you my personal guarantee that I will do whatever it takes to keep this from happening again.

So please, please, please let me keep my job ;)

Learnin’ & Earnin’ (Virtually!),
Chris Daigle
Owner, EasyHUD.com
Owner, EasyForeclosureWebsites.com
Host, VirtualInvestingSeminar.com

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16th November

Could Housing Panic Actually Save Countrywide?…and other foreclosure news!

  1. Six-figure salary and still renting (domain.com.au)
  2. Will Owning be Better Than Renting in the Long Run? (blogs.domain.com.au)
  3. Could Housing Panic Actually Save Countrywide? (seekingalpha.com)
  4. Being Forced to Price Toxic Waste at Market Values (rgemonitor.com)
  5. Two hedge funds move on after huge rewards from subprime crisis (marketwatch.com)
  6. Sellers Try To Take Advantage Of Housing Slump (newschannel5.com)
  7. Ripple effect is feared from foreclosures (baltimoresun.com)
  8. Subprime fallout hits big money market funds (usatoday.com)
  9. GE money fund redeeming 96 cts on dollar (reuters.com)
  10. Foreclosures expected to crimp house values (miamiherald.com)
  11. Levitt may abandon thousands of lots (miamiherald.com)
  12. Florida Holds $2.2 Billion of Debt Cut to Junk Status (bloomberg.com)
  13. Every County in Southern California is now Negative (doctorhousingbubble.com)
  14. South CA house prices drop to 2005 levels (latimes.com)
  15. California, Florida lead metros in house foreclosures (usatoday.com)
  16. Stockton Foreclosure Rates Worst In Nation (kcra.com)
  17. Foreclosure filings in Q3 (usatoday.com)
  18. San Diego Foreclosures (sdlookup.com)
  19. Fire Leads to Homicide Investigation (news10.net)
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