A report from the Miami Herald in Florida. "Moving trucks may be parked near Virgin MiamiCentral soon. Park-line Miami at 100 NW Sixth St., the two 30-story apartment buildings for rent above the train station, opened its leasing office in…
A report from the Wall Street Journal. "Mary Babinski, a senior loan officer with Motto Mortgage Champions in Trinity, Fla., recently wrote a 30-year loan for a retiree buying a home in New Port Richey. He had no problem qualifying,…
A report from the San Francisco Chronicle in California. "The Bay Area just said goodbye to a decade when real estate prices soared to astronomical heights. The 2010s were marked by $1 million fixer-uppers and bidding wars, and many homeowners…
It's Friday desk clearing time for this blogger. "According to an ATTOM Data Solutions report buying a home is more affordable than renting in 53% of the U.S. housing markets. 'The current market here in Bakersfield for renters is a…
This is the selection of posts from the second half of 2019. I've focused on lending, US markets only and there's much more at each link to read. I'll have more in the comments below later. Thanks for dropping by.…
This past year had a lot of important developments, so I wanted to do a year end summary. It turned out to have more than I expected so this installment will be the first half of the year, and I'll…
A report from Mother Jones on California. "By the time Dominique Walker started squatting in an Oakland home with her five-year-old daughter and one-year-old son, she’d exhausted all other options. Walker, who had fled domestic violence in Mississippi, knew it…
A report from Wharton. "For most Americans, their home is their most valuable asset, so it makes sense to borrow against the equity to obtain cash. In lean times, that money can be spent on consumption, which keeps the economy…
A report from DS News. "Foreclosure auction inflow data points to a third wave of post-recession distress building in late 2019 and early 2020. A total of 43,232 residential properties nationwide were referred to Auction.com in Q3 2019 for a…
A report from the Wall Street Journal. "Fannie Mae and Freddie Mac are pulling back on some mortgages meant to make homeownership more affordable, their latest effort to rein in risk at the behest of their regulator. The two companies…