Mortgage madness: More mess

February 6th, 2012

First we had government-directed quickie mortgages for unqualified borrowers, and everyone saw how well that worked out. Now comes Barack Obama 's re-election-year quickie refinancing plan specially tailored for underwater homeowners.
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Original post by admin

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China to limit home loans for foreign buyers

February 6th, 2012

China will limit mortgages for home purchases by foreigners to curb overseas investment, as part of its continued efforts to lower property prices.

Original post by optionswala

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Foreclosures at the high end increase – San Jose Mercury News

February 5th, 2012

The housing crisis, which first devastated borrowers who purchased lower-cost homes with subprime loans, has caught up with people whose wealth helped them hang onto their houses longer. Throughout affluent communities in the Bay Area …
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Original post by San Jose Mercury News

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