The Housing Fix

  • America’s Most Stable Real Estate Markets Monday, 9 Aug 2010 | 3:08 PM ET
    After a year of modest stabilization, the housing market is looking shaky again, For homebuyers and investors alike, there's concern about a double dip. That's bad for the real estate sector and the economy as a whole. Nevertheless, in some markets around America, prices have been stable over the past year. Real estate website  sorted through the data to see which markets have been the most stable over the past 12 months. Comparing the  (ZHVI) - a median value for homes currently on the market -

    For homebuyers and investors alike, there's concern about a double dip. Nevertheless, in some markets around America, prices have been stable over the past year.

  • Foreclosure

    If you’re looking to renovate and flip, forget it. But if you’re in a position to buy and hold, with the intent of either renting your property or sitting on it until the real estate recession subsides, the market is ripe for the picking.

  • Do Foreclosure Freezes Benefit Builders? Monday, 18 Oct 2010 | 12:25 PM ET

    The builders say they are starting to see some "flickers of interest among potential buyers." They also note that most builders have no access to capital for building homes, and therefore won't be able to meet the pent-up demand.

  • FBI Looking at Financial Industry's Foreclosure Mess Wednesday, 20 Oct 2010 | 4:45 AM ET
    A home is advertised for sale at a foreclosure auction in Pasadena, California.

    Big lenders are trying to move past the foreclosure-document mess, saying they're now confident their paperwork is accurate. Yet they face so much organized resistance that they can't just snap up their briefcases, declare the crisis over and move on.

  • Administration Shifts Focus on Foreclosure-Gate Wednesday, 20 Oct 2010 | 10:51 AM ET
    Foreclosure sign

    As I suspected would happen, the Obama administration is changing the foreclosure conversation.

  • BofA and Fraudclosure: A Tragedy in 3 Acts Wednesday, 20 Oct 2010 | 2:42 PM ET

    Fraudclosure...Mortgage Mayhem in the Good Old USA...a Saga of Greed, Destruction and Redemption (?)…and the curtain opens...

  • Fannie/Freddie Bailout Could Total $363 Billion Thursday, 21 Oct 2010 | 3:12 PM ET

    So out of the blue this morning I get a bill for anywhere from $221 billion to $363 billion; it wasn't addressed to me alone, but as a taxpayer I tend to take these things very personally.

  • Foreclosure

    When Bank of America resumes its foreclosures next week, it is going to find that the process is a lot tougher than it was just a few weeks ago.

  • Freddie Mac Says Foreclosure Pipeline Is Slowing Monday, 25 Oct 2010 | 4:22 AM ET

    The foreclosure process in the US is slowing, enabling delinquent borrowers to stay in their homes for months after they stop making mortgage payments, according to one of the largest lenders. The FT reports.

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    Bank of America and GMAC are firing up their formidable foreclosure machines again, after a brief pause, but homeowners are asking why lenders often balk at short sales. The New York Times reports.

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    The mortgage mess that lead to foreclosure freezes by several large banks across much of the country may slow down the ability of banks to issue new mortgages, which could push the housing market into a sharp downward spiral.

  • Existing Home Sales: Read Between the Numbers Monday, 25 Oct 2010 | 1:43 PM ET
    Sold sign

    Noise. There's an awful lot of it in today's report on September existing home sales from the National Association of Realtors. Even the markets could hear the noise, as they didn't react all that much to the 10 percent jump in sales that completely beat expectations.

  • Would You Walk Away? Wednesday, 27 Oct 2010 | 3:18 PM ET

    One study says 36 percent of Americans believe walking away from their mortgage and their home is OK. What do you say?

  • Unexpected Cities See More Homes Go Back to the Bank Thursday, 28 Oct 2010 | 12:43 PM ET

    Foreclosure "actions" in Q3, which include anything from default notices to bank repossessions, rose in 65 percent of the nation's top 200 housing markets.

  • How to Fix Mortgage Lending: Rein in The Regulators Thursday, 27 Jan 2011 | 12:07 PM ET

    Over at Barry Ritholtz’s “The Big Picture,” Bill Black has been publishing a series of posts on how mortgage lending should be regulated. Black, who is the author of “The Best Way To Rob A Bank Is To Own One,” does an admirable job at pointing out how pervasive fraud arises and undermines market discipline.

  • How The Government Destroyed Fannie Mae And Freddie Mac Thursday, 27 Jan 2011 | 2:50 PM ET

    Peter Wallison more or less demolishes the conventional wisdom—and now the official Federal Crisis Inquiry Commission view—when it comes to the collapse of Fannie Mae and Freddie Mac.

  • Big Changes Coming for Mortgage Market Monday, 7 Feb 2011 | 12:55 PM ET

    What leaked last week was the idea of reducing Fannie, Freddie and FHA loan limits, currently at $729,750 for high-priced markets to $625,000.

  • Foreclosure Exposure Splits the Nation Thursday, 10 Feb 2011 | 2:48 PM ET
    Foreclosed Home

    Anyone who expected to see a big jump in foreclosure numbers, now that banks/servicers are supposedly ramping up the post-robo process again, got a big surprise today.

  • Fannie and Freddie Finally on the Block Friday, 11 Feb 2011 | 10:01 AM ET

    The Obama administration finally released it's "white paper" on how to eventually wind down Fannie Mae and Freddie Mac. Really no surprises. They offer three scenarios and don't throw their weight behind any one in particular.