Archive for May, 2010
Seasonal Adjustments Muddle Mortgage Surveys
Posted by in All Los Angeles Real Estate Homes For Sale Blog Posts, Los Angeles Real Estate Homes For Sale Blog Posts on May 19, 2010
What do you do when a certain economic indicator is just so far out of whack that whether the weather is cold or whether the weather is hot, we'll be bewildered whatever the weather, whether we like it or not?
Bye Bye Bob Toll
Posted by in All Los Angeles Real Estate Homes For Sale Blog Posts, Los Angeles Real Estate Homes For Sale Blog Posts on May 18, 2010
Toll Brothers CEO Bob Toll was the first home builder I ever interviewed, and he was tough on me. I'll never forget standing at a J.P. Morgan housing conference in New York City, asking Mr. Toll if he thought there were any red flags in the housing market, given how fast and how high prices were rising.
Mortgage Mods Doomed by Back End Debt
Posted by in All Los Angeles Real Estate Homes For Sale Blog Posts, Los Angeles Real Estate Homes For Sale Blog Posts on May 17, 2010
Why are the permanent mods failing at all if they've barely begun, and if the front-end debt to income formula is supposedly so perfect? I asked the banking folks and expected to hear "unemployment" as the answer. I was wrong.
Home Mortgage Interest Deduction In Play
Posted by in All Los Angeles Real Estate Homes For Sale Blog Posts, Los Angeles Real Estate Homes For Sale Blog Posts on May 14, 2010
The Administration isn't officially considering it, maybe not "actively" considering it, not even taking a side on it per se. According to "staff" it was just a "musing."
Banks Ignore Delinquent Borrowers
Posted by in All Los Angeles Real Estate Homes For Sale Blog Posts, Los Angeles Real Estate Homes For Sale Blog Posts on May 13, 2010
Some encouraging signs on the foreclosure front may not be as rosy as some are reporting.