HOME PRICES SET TO DROP AGAIN! Editor’s Comment: You can spin this anyway you want, but the facts speak for themselves. People are worn out living under mountains of debt, some need to move for job purposes, and some need to reduce their payments because they are running out of resources to pay a mortgage […]

Tags: fraudulent appraisals, home prices, housing, shadow inventory, underwater
Posted in bubble, Corruption, Eviction, securities fraud |

Option ARMs Come Back into Center Stage: 350,000 Active Option ARMs with over 200,000 in California. 78 Percent of Option ARMs have yet to hit Recast Dates. Option ARMs are the gift that keeps on giving this holiday season.  As it turns out, these pesky toxic mortgages are still sitting waiting to hit recast periods.  […]

Tags: ALT-A, CALIFORNIA, HAMP, Inland Empire, Long beach, Los Angeles, Option, Option ARM, Phoenix, reset, shadow inventory, toxic mortgages, underwater
Posted in bubble, Corruption, Eviction, securities fraud |