It's Friday desk clearing time for this blogger. "'Twelve years ago, [the housing boom] led to a bad outcome with a foreclosure crisis. But that was due to funny mortgages that went to everyone without income documentation,' said Lawrence Yun,…
A report from the Bay Area Newsgroup in California. "A federal court has authorized a receiver to seize control of the properties and operations of bankrupt Bay Area developer Sanjeev Acharya and his real estate firm, which are the focus…
A report from Arlington Now in Virginia. "This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based realtor. Question: Did the volume of homes listed for sale recover after a slow spring/summer? Answer: There has been a surge of…
A report from Bloomberg. "What’s flown largely under the radar amid the central bank’s efforts to bolster the economy, is the Fed’s role in pushing the $6.8 trillion mortgage-backed securities market to extremes. The Fed has bought more than $1…
A weekend topic starting with USA Today. "'It was looking pretty bleak pre-Covid because of the transition away from bricks and mortar,' said Manus Clancy, senior managing director at Trepp LLC. 'We will see dozens and dozens of loans go…
A report from Realtor.com on Florida. "After three years of twists, turns, and foreclosure proceedings, Birdman’s mansion was finally sold for $10.85 million. The Cash Money Records co-founder purchased the Miami Beach, Florida, mansion back in 2012 for $14.5 million.…
A report from the Wall Street Journal. "Isaac Kassirer was at the forefront of one of the hottest trends in commercial real estate. He borrowed from global investors by promising to gentrify apartment buildings in New York’s low-income neighborhoods and…
A report from the Herald Tribune in Florida. "The good news: foreclosure activity has fallen to historic low levels in the Sarasota-Manatee region. The bad: more local homeowners are falling behind on their mortgage payments, a troubling sign that foreclosure…
A report from the San Francisco Chronicle in California. "Sales tax data shows San Francisco’s population likely declined during the coronavirus pandemic, the city’s chief economist Ted Egan told The Chronicle. 'We’re the worst in the state,' he said. 'That’s…
A weekend topic starting with the Wall Street Journal. "Protesters frustrated that marches on the streets haven’t resulted in more dramatic police reforms have found a new stage: the homes of big city mayors. In San Jose, Calif., a group…