It's Friday desk clearing time for this blogger. "Gary Yard is a 56-year-old West Springfield homeowner facing foreclosure. When he and his wife took out a second mortgage on their three-family home in 2010, their interest rate jumped from 7.9%…
It's Friday desk clearing time for this blogger. "A wave of foreclosures is likely coming that will hit low-income homeowners. As of August, over 10% of the eight million single-family mortgages backed by the Federal Housing Administration were delinquent by…
It's Friday desk clearing time for this blogger. "In the city of Los Angeles, where Greta Arceneaux’s property is, tenants who have been impacted by the virus will have up to 12 months from the end of the city’s emergency…
A report from ThinkPol in Canada. "Metro Vancouver detached home prices are in free fall in May as economic turbulence caused by COVID-19 related lock down measures continue to rock the region’s housing market. The OpenHousing House Price Index for…
It's Friday desk clearing time for this blogger. "Some buyers may look for deals, thinking all sellers are desperate to sell. But if this isn't you, there's no reason to cave or whittle down your home's price. 'Regardless of the…
A report from Reuters. "The coronavirus crisis is likely to cut home and office building prices, may lead to a permanent shift in the demand for office space, and could push highly indebted households and companies toward default, Boston Federal…
A report from the Wall Street Journal. "UBS Group AG is stepping up efforts to stem the bleeding at its $20 billion flagship real-estate fund amid concerns over its retail holdings. As late as June 2015, Trumbull had a $1.2…
A weekend topic starting with ABC News in Australia. "Ever had that sinking feeling you're in over your head, that you'll never be able to get on top of that mountain of debt? And what about interest rates? How on…
A weekend topic starting with NPR. "This week's Democratic presidential debate touched on a topic that usually doesn't get much attention in these forums. ELIZABETH WARREN: Our housing problem in America is a problem on the supply side. And that…
It's Friday desk clearing time for this blogger. "Here are some of my observations from Mortgage Bankers Association convention I attended in Austin last month. One exhibit hall lender offered primary residence mortgages void of any income information or any…