U.S. prime jumbo mortgages at least 60 days late backing securities reached 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for “serious delinquencies,” according to Fitch Ratings. via Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6% (Update1) – Bloomberg.com.
Tag Archives: housing bubble
Secret Banking Cabal Emerges From AIG Shadows
Hot potato! If you don’t stop reading out of anger, this is actually a very good synopsis of what’s gone down — in broad strokes — and why you’re going to want to pick up one of these. Seriously, that this comes out late on a Friday should only reinforce the significance of this revelation.Continue reading “Secret Banking Cabal Emerges From AIG Shadows”
What Happens When Banks Foreclose on Commercial Properties?
In Downtown Los Angeles, at least eight residential projects and one hotel have fallen into bankruptcy. Some of those projects, along with others in the area, have also faced foreclosure — an equally complex process with just as many possible endings. via Los Angeles Downtown News and Information – LA Downtown News Online > NewsContinue reading “What Happens When Banks Foreclose on Commercial Properties?”
Oregonians Vote to Raise Taxes on Rich, Corporations
Too bad it can’t happen here. Oregon voters bucked decades of anti-tax and anti-Salem sentiment Tuesday, raising taxes on corporations and the wealthy to prevent further erosion of public schools and other state services. The tax measures passed easily, with late returns showing a 54 percent to 46 percent ratio. Measure 66 raises taxes onContinue reading “Oregonians Vote to Raise Taxes on Rich, Corporations”
Case-Shiller Still Predicts Massive 45% Fall From Today’s Values : The Implode-o-Meter Blog
Case-Shiller Still Predicts Massive 45% Fall From Today’s Values : The Implode-o-Meter Blog. Sweet.
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