Lessons from the Housing Bubble
WSJ
Boil it down to the three R's: rocket scientists, regulators, and ratings agencies.
Top 10 Worst Foreclosure States For May, 20081. Nevada
[The Real Estate Bloggers]
2. California
3. Arizona
4. Florida
5. Michigan
6. Georgia
7. Colorado
8. Massachusetts
9. Ohio
10. New Jersey
Housing Wire: LIBOR Mess Promises to Squeeze ARM Borrowers
An international uproar over allegations that some banks intentionally manipulated LIBOR, a key interest rate used to determine rate adjustments for many adjustable-rate mortgage holders, is likely to have a real-world impact for many adjustable-rate mortgage borrowers, sources told Housing Wire Thursday.
Housing Wire: Primed for Trouble: Pace of Mortgage Distress Shifts to Prime Borrowers
One in Eleven Mortgage Holders Face Loan Problems
[NY Times]
U.S. foreclosure filings surge 48 percent in May
[ San Jose Mercury News]
Foreclosures on Prime Mortgages
[The Big Picture Blog]
Housing Wire: States Struggle to Come to Terms with Mortgage Mess
As trouble in the nation’s housing markets has roiled onward, state legislators have been moving in varied attempts to address a burgeoning crisis affecting key constituents — and with varied success, as well.
