A report from Westword in Colorado. "Victoria Macaskill, an independent broker and co-owner of Denver Homes, says there are things the average person can do to compete. Some of them carry a certain degree of risk, but all of them…
It's Friday desk clearing time for this blogger. "Stella Guan's offer on a 'beautiful' Santa Clarita house was accepted in August. She paid roughly $600,000 for the house. But after sleeping there for only a few nights, she had an…
A report from the Wall Street Journal. "Getting a mortgage for a resort-area condo might become more difficult after Fannie Mae and Freddie Mac moved to tighten rules on buildings with many short-term rentals and hotel-like amenities, some Realtors and…
It's Friday desk clearing time for this blogger. "For frontline workers and others struggling during this pandemic, University of San Diego professor Norm Miller said a lot of foreclosures are coming with mortgage and rent relief running out. 'I think…
A report from Yahoo Finance. "In a client note this week titled 'Escape From New York', Jefferies chief market strategist David Zervos described how the coronavirus reversed decades-long trends of high-end gentrification for New York City. 'I'm bullish on the…
A report from the Orange County Register. "Skipped mortgage payments across California are jumping to levels not seen since the mortgage mess surrounding the Great Recession. Let’s start with a few numbers from mortgage tracker CoreLogic and its measure 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 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…
It's Friday desk clearing time for this blogger. "A San Diego-based mortgage lender has agreed to pay nearly $25 million to resolve allegations that it knowingly approved ineligible loans that later defaulted, resulting in mortgage insurance claims to the Federal…
A report from the Honolulu Civil Beat. "Erina Peters, a single mom who has called Hawaii home since she was 3 years old, packed up her things and made the tough decision to relocate to Nevada in mid-February. The worsening…