According to CoreLogic, as reported by the Baltimore Sun today, “[n]early one in four Marylanders with a mortgage owed more on those loans than their homes were worth this spring, worse than all but six other states — and a large number of homeowners who can’t easily sell or refinance.”
Although the Baltimore region is running at a lower […]

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, […]

By most accounts, and as outlined and analyzed extensively in a Knowledge@Wharton article, What the Demise of Fannie Mae and Freddie Mac Mean for the Future of Homeownership –  the federally sponsored mortgage giants Fannie Mae and Freddie Mac did not cause the housing and mortgage crisis. But they were a big part of the problem, prompting […]

Mortgage companies want to destroy 22,500+ documents.Read the fully story.That’s a good way to get around your obligations.You can’t script this stuff …. reality is better than fiction.What do you think?

The word “mortgage” is of French origin with the meaning “agreement until death”. In light of all the mortgage mess we’re embroiled in, thought this was interesting. Just saying …

A report by the Post today discloses that Bank of America, haunted by ongoing pressure in both the robosigning/fraudclosure scandals, and demands by the likes of Pimco and the New York Fed to putback billions of paper to the bank due to misrepresentations, is rapidly trying to dump $1 billion worth of toxic paper.
Is this […]

Is it really possible that Congress will waive its magic legislative wand and pass a bill to “forgive” banks for the potentially criminal errors they made in foreclosure proceedings?
In a blog column posted Friday, October 15, 2010 by John Carney, a CNBC editor, argues that lawmakers in DC won’t allow the country’s largest issuers of mortgages to suffer […]

What’s old is new again. Just posted to www.ZeroHedge.com, is a fairly comprehensive and enlightening recap of the recent International Monetary Fund (IMF) report which documents their stress testing of 53 large banking holding companies and published its findings last month.
This report and analysis is not only objective, but it’s consistent with many postings on this Blog. All […]

The Senate just passed, and the President is ready to sign, the Financial Regulation (FinReg) Bill, which will signficantly impact home buyers and lending guidelines. Amongst the changes impacting consumers is the creation a Consumer Bureau at the Federal Reserve and the requirement that lenders ensure a borrower is able to repay a home loan by […]

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IF THIS DOESN’T MOVE THE NEEDLE, WHAT WILL? Mortgage rates fell this week to the lowest level on record, giving consumers added incentive […]