The news lately has been mostly negative and and, in terms of substance, is much of the same.
Today’s post is sort of the tipping point for what’s to come in U.S. Banking, and more specifically Bank of America; the U.S.’s largest bank. 
The lawsuit spigots are now turned on full blast …As of minutes ago, […]

The People vs. Goldman Sachs ….. A MUST READ!
 By Matt Taibbi in Rolling Stone Magazine
They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an […]

This is huge news for all of us Real Estate wonks. MERS has just been struck down by a Federal Bankruptcy judge.As reported in NewsUnwrapped – a Blog written by local Baltimorean, Steve Meizlish, with the specific intent of Telling-The-Story-Behind-The-Story — we see what could be the beginnings of the unraveling of the Real Estate infrastructure as we […]

A MAJOR RULING: In a major ruling Friday (January 14, 2011), a coalition of nonprofit defense lawyers and consumer protection advocates in Maryland successfully got over 10,000 foreclosure cases managed by GMAC Mortgage tossed out, because affidavits in the cases were signed by Jeffrey Stephan, the infamous GMAC “robo-signer” who attested to the authenticity of […]

One more chart to put the home price development in a broader context. This chart compares residential home prices to commercial property prices.
Residential prices have fallen about 30% from their peak, while commercial property prices have fallen 40%.
 
Those are serious and significant declines that reflect a huge amount of price adjustment, easily enough to absorb excess […]

Anyone applying for a mortgage or creating mortgage instruments or selling them — BEWARE.
The Chicago Daily New’s Ken Harney highlights a recent Obama administration piece of legislation and program that was put into law May 20th. It may not have made a big news, but for real estate it was the equivalent of a congressional declaration […]