Mortgage CSI: Investigating a Countrywide Pay Option ARM under the Financial Microscope.
Unless you’ve actually gone through the hardship of losing your home through foreclosure, it may be difficult to understand the intricacies of how one mortgage loan can upset your entire budget. We get anecdotal stories of people having their loans reset or losing their home but we rarely get a glimpse at the loans. For […]
Southern California Half Off Sale: 11 Los Angeles County Zip Codes with 50% Year over Year Price Drops.
What once seemed like a total impossibility has occurred in Los Angeles County and in many other cities throughout Southern California. During the decade long housing boom, you would be thought mad if you would guess that any zip code in Los Angeles County would fall 50% in any given year. In fact, during many […]
Zillow: Concentric Circles of Pain. Examining how the Epi-Center of Housing is Collapsing and the Future of Real Estate Tools.
Zillow once again is showing why it is two steps ahead of those in the housing industry. First, they manage to aggregate an incredible amount of data including tax records and previous sales prices all in one simple to use website. That is the primary function that set things off. Zillow integrates modern mapping technology, […]
FDIC: Punishing Savers: How the United States Encourages Irresponsible Financial Management. Federal Deposit Insurance Corporation.
The FDIC insurers deposits at most institutions up to $100,000 for individual accounts. Many people haven’t put this to the test until the recent collapse and takeover of IndyMac Bank based out of Southern California. The bank when taken over had $32 billion in assets and $19 billion in deposits. $1 billion in these deposits […]