ABX Trading Higher In July 2008

The Street has been bullish on the ABX trading the last couple weeks. AAA bonds from the 06-01 Index have been trading higher in 9 out of the past 11 sessions (includes today’s intraday quote). I’m not saying we’ve hit bottom, but definitely showing encouraging signs in the housing market from the Street’s …

Hedge funds investing in delinquent mortgages

Associate Press updated 8:15 p.m. ET, Wed., July. 30, 2008 Guess who holds your mortgage now? It’s your friendly neighborhood hedge fund. Dozens of hedge funds, private equity groups and other investors have plunged into the beaten-down mortgage market in recent months, buying tens of thousands of distressed loans and foreclosed properties around the country. [...]

President Bush signs massive housing bill

Associated Press updated 5:58 p.m. ET, Wed., July. 30, 2008 WASHINGTON – President Bush signed a housing bill Wednesday intended to rescue about 15 percent of the cash-strapped homeowners in fear of foreclosure in the next year or so. Early in the morning and out of public view, the president signed it without fanfare in [...]

Mortgage applications slowest since 2000

Associated Press updated 10:58 a.m. ET, Wed., July. 30, 2008 NEW YORK – Applications for U.S. home mortgages dropped to their slowest pace since December 2000 as loan rates hovering near one-year highs compounded the housing market’s woes, according to data from an industry group on Wednesday. The Mortgage Bankers Association said its seasonally adjusted [...]

‘Dreamtowns’ offer refuge from big cities

America may be a metropolitan nation, but most of us don’t seem very happy about it. Go to Source

International Real Estate: For Sale in … Cape Town

A beach house overlooking a nature preserve and the Atlantic Ocean in the seaside enclave of Llandudno is on the market for $5,898,000. Go to Source

Home prices fall by steepest rate ever in May

A closely-watched housing index shows home prices fell by the steepest rate ever in May, as the housing slump continued to deepen nationwide. Go to Source

Housing rescue on track to pass Senate by Saturday

It looks like the bailout is coming from the Fed. Glad to see the speculators get bailed out. First the Fed comes out with the stimulus check and now this. Surveys showed that 92% of the people who received checks saved the money or paid off debt. So much for stimulating …

Foreclosure filings still rising

If you’re an optimist (and a deal hunter), this might actually be great news. You know what they say, “Always look at the brighter side of life!” Foreclosure filings up 120% 220,000 homes were lost to bank repossessions in the second quarter, and the annual forecast for 2008 will have to be revised upward. but [...]

accessing property value on a house

One of the most important factors to consider when buying a home is the property value. The last thing a homeshopper can afford to do is to over pay for a property in a declining market. The standard procedure for most appraisers is to the look at comps around the neighborhood to gauge where …

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