"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
1 in 5 mortgages in the SF metro area from 2004 – 2008 were Option ARMs, twice the national average. The SF Bay area ranks second nationally in these risky mortgages with LA being first (by a wide margin.) In…
Via The Big Picture A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent, David Karsbøl from Saxo Bank told CNBC. Karsbøl talks about the…
Hundreds of malfunctioning fire alarms have been going off in foreclosed homes in Arizona, forcing firefighters to come to the location. Often the alarms are caused by the electricity being shut off. But by law firefighters can not enter a…
Financial markets suddenly seem oddly and seriously unsettled. Mortgage rates and treasuries yields are spiking while foreclosures and unemployment soars. Mortgage rates rise fast and hard, resulting in many mortgage applications in the pipeline getting blown out of the water.…
In Phoenix, the real-estate market is fixing itself with no help from the government. How? Houses owned by folks who can’t afford to own them are being sold at auction. In some cases, happily, the buyers are then turning around…