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- A Little Faith Goes A Long Way
- Parishioners at Mary Immaculate Church in LA's San Fernando Valley have decided it's all just a matter of faith when it comes to facing foreclosure. Bill Whitaker reports.
- Videos 2009-03-08
Additional Resources
- Fannie Mae Halting Evictions on Renters in Foreclosed Homes
- This story isn't likely to get much attention but I still find it quite interesting, Fannie Mae FNM is implementing a new policy where it will halt eviction proceedings for renters in foreclosed homes. The idea is that it imposes a hardship on the renters, and since these homes are...
- News items 2009-08-07
- Fannie Mae Halting Evictions on Renters in Foreclosed Homes
- Markham Lee submits: This story isn't likely to get much attention but I still find it quite interesting, Fannie Mae FNM is implementing a new policy where it will halt eviction proceedings for renters in foreclosed homes. The idea is that it imposes a hardship on the renters, and since...
- External links 2008-12-16
- Lenders Sell Foreclosed California Homes at Bargain Prices.(Originated from The Press-Enterprise, Riverside, Calif.)
- POMONA, Calif.--Jun. 13--Lenders unloaded foreclosed California homes at bargain prices during the first quarter, a study reveals. But the discount for Riverside County foreclosures was smaller than the state average, and San Bernardino County's discount rate was only slightly above the California standard. ...
- Research articles 1997-06-13
- Will KB Homes Restructure Its Debt?
- KB Homes is not out of the homebuilders' wilderness just yet. Chief executive Jeffrey Mezger admitted on the third-quarter earnings call that economic conditions continue to work against KB Homes, and the profit outlook for the builder remains negative going forward into 2010. In addition, although...
- Blog posts 2009-10-13
- FTC charges three California companies with deceptively marketing and selling auction materials for homes and cars.
- M2 PRESSWIRE-23 June 2000-US FTC: FTC charges three California companies with deceptively marketing and selling auction materials for homes and cars C1994-2000 M2 COMMUNICATIONS LTD RDATE:22062000 Three federal district court judges in Los Angeles this week ordered a temporary...
- Research articles 2000-06-23
- Shadow inventory dents home prices
- US home sales are up, home building is up. Can home prices be far behind? That depends on how many homes come on the market as owners deal with defaults, pay cuts and job losses. This "shadow inventory" will create new downward pressure on home prices.For now, the data suggest...
- News items 2009-08-25
- How Many Foreclosures Are On Your Block? You Might Be Shocked.
- How many foreclosures are on your block? Here's the short answer: A lot. But some officials are wondering if the foreclosure problem is actually a lot bigger than it has been portrayed. In Georgia, the Atlanta Journal Constitution recently surveyed all of the foreclosure legal ads that had been...
- Blog posts 2009-06-22
- Foreclosure Mediation Programs Aren't Working Because of Net Present Value (NPV) Calculations
- Is foreclosure mediation going to prevent millions of foreclosures over the next few years? Probably not, according to a new study released this afternoon by the National Consumer Law Center NCLC that looks at how effective 25 foreclosure mediation programs in 14 states have been at preventing foreclosures....
- Blog posts 2009-09-23
- Recovery Will be Slower Than in Past Slowdowns
- President Obama waded into the economic debate this week with what he thought was hopeful news. "We have stopped the freefall," he said. "The market is up and the financial system is no longer on the verge of collapse." Those are two undeniable achievements, but they fall way short of...
- Blog posts 2009-07-30
- Sales May Be Up, But Housing Won't Recover Until Jobs Come Back
- Housing sales were up yesterday, but that belies a wider problem: unemployment is the key metric for the housing market. As unemployment cruises past the current level of 9.5 percent, foreclosures continue to grow and that weighs down housing prices. The market won't really turn around until employment does. ...
- Blog posts 2009-07-24
- Feast on a Cheap McMansion While You Can
- They go by such names as garage mahals, hummer houses and starter castles and soon you may add another -- dinosaur mausoleums. Â And while they've been widely disparaged, McMansions are among the best bargains in many housing markets now. These big, boxy homes often slapped up on...
- Blog posts 2009-11-13
- Have We Really Hit The Bottom Of The Real Estate Housing Market?
- Everyone's so anxious to call the "bottom" of the real estate housing crisis. Why? There's no accolade for being right. It's not as if we're going to see a 65 percent surge in housing prices over the next six months (and watch out for that kind of...
- Blog posts 2009-10-22
- Beazer Homes USA, Inc. F1Q08 (Qtr End 12/31/07) & F2Q08 (Qtr End 3/31/08) Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions Your first question comes from David Goldberg – UBS. David Goldberg - UBS The first question is actually on the expected net proceeds from the pending asset sales that Allan mentioned. I was wondering if you can give us an idea...
- Earnings calls 2008-06-03
- Horrifying Foreclosure Numbers In April
- You know you're in uncharted foreclosure waters when Rick Sharga, vice president of marketing and spokesperson for foreclosure tracking company RealtyTrac says the month's foreclosure numbers are a "shocker." RealtyTrac announced that 1 in 374 U.S. households received a foreclosure notice in April, the highest monthly rate ever recorded in...
- Blog posts 2009-05-13
- Fed Marks End of Deflation Fears
- The Federal Reserve is signaling that deflation, one of the great economic fears of the last year, is no longer a threat. That seems to indicate the Fed now feels confident that we won't have another depression along the lines of the downturn in the 1930s. You'd...
- Blog posts 2009-06-25
- Buying Up Foreclosed Single-Family Homes - Smart?
- Michael Steinberg submits: The Wall Street Journal “Plying the Foreclosure Market” reports that small real estate investment bank Silver Portal Capital LLC is 75% toward raising $150M to purchase 1500 distressed single family homes in the San Diego area. Managing principal Burl East has been soliciting pension fund advisors and...
- External links 2008-08-06
- Admiral's priority: Housing evacuees
- BATON ROUGE -- Hurricanes Katrina and Rita destroyed as many as 250,000 homes in Louisiana, and the hardest-hit areas of New Orleans could be unlivable for years, Coast Guard Vice Adm. Thad Allen said in an interview Wednesday. Allen, the top official in charge of recovery work here, said...
- Research articles 2005-10-13
- The struggle to hang onto 'American Dream' in mortgage crisis
- CLEVELAND, Ohio AFP — The desperation of scores of Americans evicted from their homes and denied standard credit lines has given birth to a new market: developers who make a hefty profit reselling foreclosed homes to the poor. Retiree Georgina Wilborn, 70, and her daughter Ola, a 45-year-old homemaker,...
- Research articles 2008-01-26
- Associated Estates Realty Corporation Q4 2008 Earnings Call Transcript
- Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Paula Poskon - Robert W. Baird Paula Poskon - Robert W. Baird The Senate yesterday put an amendment to the stimulus package to provide tax credit of up to $15,000 for homebuyers. How does that,...
- Earnings calls 2009-02-05
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