HousingStorm.com

This is pretty funny. You can follow the performance of this asset at: Tracking Our Toxic Asset

Planet Money is committed to following the financial crisis to the bitter end. And what better way to do that than to own a piece of it. We bought one of those things that no one wanted, one of those things [...]

Stimulus About To Wither On Vine; A look At February Retail Sales – Mish

You can’t make this stuff up. No one would believe it.

GMAC: Too Important to GM to Fail – The Atlantic

Who should be concerned with the GMAC bailout? The U.S. taxpayer. This diagram explains why. You’re the little building with columns on the left:

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5 Reasons Why The Program Is Doomed To Fail: Like the federal loan modification program that was put into effect just over a year ago, the federally subsidized short sale program, set to take effect April 5 th, is now being touted as the next great hope for homeowners who either can’t afford to, or are choosing not [...]

No BS Real Estate Indicators and Commentary – January 2010 The media said 2009 ended like a lamb.  The data was contradictory to that opinion.  December was a good month.  The media is also saying 2010 started like a lamb.    On this one, they are relatively correct.  Sales indeed showed a sharp decline in January (Sacramento single [...]

The “now is the time to buy” mantra has worn pretty thin over the last few years. With all the talk of foreclosures and shadow inventory, its a rallying cry that still rings hollow for many even though we currently have low interest rates, tax credits, and the lowest prices many areas have seen in years. [...]

Walkaway Consequences Please consider: S now Job: Strategic Defaults in an Era of Negative Equity

As more than a million people filing bankruptcy every year learn, life continues even after their credit scores are trashed. They can still buy cars on credit. They still have credit cards (secured) and debit cards. They can still rent apartments and houses. Bankruptcy is a nuclear [...]

Is your business mobile ready?   What do I mean?  With technology getting better, faster and stronger and smart phone use on the rise, you don’t want to be left behind when it comes to your business strategy and mobile technology.  Since more and more people are using their smart phones to access emails, the internet and reach [...]

The Tipping Point In a phone interview yesterday with a writer from the New York Daily News, I was asked…”Jon, where exactly is the tipping point? When do people realize it may be better to just walk away?”  This is a difficult question, I said, because it’s not so clear cut.  It depends on many factors.  However, [...]

5 Reasons Why The Program Is Doomed To Fail: Like the federal loan modification program that was put into effect just over a year ago, the federally subsidized short sale program, set to take effect April 5 th, is now being touted as the next great hope for homeowners who either can’t afford to, or are choosing not [...]

The “now is the time to buy” mantra has worn pretty thin over the last few years. With all the talk of foreclosures and shadow inventory, its a rallying cry that still rings hollow for many even though we currently have low interest rates, tax credits, and the lowest prices many areas have seen in years. [...]

Walkaway Consequences Please consider: S now Job: Strategic Defaults in an Era of Negative Equity

As more than a million people filing bankruptcy every year learn, life continues even after their credit scores are trashed. They can still buy cars on credit. They still have credit cards (secured) and debit cards. They can still rent apartments and houses. Bankruptcy is a nuclear [...]

RealtyTrac reports U.S. FORECLOSURE ACTIVITY DECREASES 2 PERCENT IN FEBRUARY

IRVINE, Calif. – March 11, 2010 – RealtyTrac® ( realtytrac.com), the leading online marketplace for foreclosure properties, today released its February 2010 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 308,524 U.S. properties during the month, a decrease of [...]

Slashing the Deficit without Massive Tax Hikes – BusinessWeek

President Obama has asked a high-level commission to come up with ways to shrink the shortfall drastically by 2015. Doing so won’t be painless…but it’s possible

Most Regions Added Jobs in January – The Wall Street Journal

Thirty states and the District of Columbia recorded unemployment rate increases in January [...]

RealtyTrac reports U.S. FORECLOSURE ACTIVITY DECREASES 2 PERCENT IN FEBRUARY

IRVINE, Calif. – March 11, 2010 – RealtyTrac® ( realtytrac.com), the leading online marketplace for foreclosure properties, today released its February 2010 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 308,524 U.S. properties during the month, a decrease of [...]